LONDON--(BUSINESS WIRE)--According to the latest market research report released by Technavio, the global kiteboarding equipment market is expected to accelerate at a CAGR of almost 10% during the forecast period. The rising popularity of beach culture and adventure tourism is one of the key factors triggering the growth of the market.
This research report titled ‘Global Kiteboarding Equipment Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global kiteboarding equipment market into the following products:
- Kites
- Accessories
- Kiteboards
In 2017, the kites segment accounted for 63.96% of the global market and is projected to reach 64.15% by 2022, exhibiting a minimal increase in market share.
Global kiteboarding equipment market: Top emerging trend
Celebrity participation and social media driving interest among young kiteboarders is an emerging trend in the market. Social media plays a pivotal role in increasing awareness. Every kiteboarding team or vendor has a strong good social media presence because consumer feedback and engagement are important for marketing. At present, consumers are more engaged in social networking and blogs and vendors. Therefore, they prefer using social media to increase awareness and promote their products. Facebook, Twitter, Instagram, and YouTube are powerful social media platforms for product promotion. For instance, the Instagram page of F-ONE kites is filled with kiteboarding photos and videos. These help brands to create a strong brand image among the consumers. Regular kiteboarders like Richard Branson made the former US president Barack Obama try kiteboarding when he was on vacation in the British Virgin Islands.
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Technavio’s report provides expert market research on the following topics:
Executive Report
- Market Outline
- Global Kiteboarding Equipment Market Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (EMEA, the Americas and the Caribbean, and APAC)
- Key leading countries
- Market segmentation by product (kites, accessories, and kiteboards)
- Market segmentation by distribution channel (retail distribution channel and other distribution channel)
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Boards and More, F-ONE, Hiss-Tec, Pryde Group, and RICCI INTERNATIONAL)
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