DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Hard Adventure Sports Equipment Market 2016-2020" report to their offering.
The report forecasts the global hard adventure sports equipment market to grow at a CAGR of 2.46% during the period 2016-2020.
An increase in Internet research about the hard adventure sports can be seen in recent times and will be a key trend for market growth. Most hard adventure sports enthusiasts prefer to research about destinations online before planning their trip. Around one-fifth of the total number of hard adventure sports travelers used social media to research about the caves or mountains either by reading a blog post or viewing a friend's photos on social networking sites. Facebook is the most preferred social media platform for this research. Most hard adventure travelers also discover new adventure destinations, which were never found out before and never promoted by any organizations.
According to the report, increasing participation in outdoor recreational activities will be a key driver for market growth. With the fast-paced and hectic lifestyle of the global population today, consumers are looking for more ways to de-stress. Owing to such needs, the participation rate in leisure activities and outdoor sports is on the rise. It is expected that the popularity of leisure activities and outdoor sports, which include the hard adventure sports as well, will likely increase the expenditure on such activities significantly over the next five years. This is one of the primary drivers of the market, which will positively impact the growth of the market during the forecast period.
Further, the report states that unfavorable weather conditions will be a challenge for the market.
- Black Diamond
- Johnson Outdoors
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by activity
PART 07: Market segmentation by retail formats
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/57pmd6/global_hard
Related Topics: Sporting Goods and Equipment