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Pulished Date April, 2021
ID: 10545
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Water Sports Gear Market By Product Type (Clothes, Swim Fins, Swim Mask & Goggles, Buoyancy Control Device (BCD), Watches, Life Jackets, Safety Helmets, and Others), Age Group (Kids, Adults, and Geriatric), and Distribution Channel (Specialty Store, Franchise Store, Online Store, Supermarket/Hypermarket, and Others), Opportunity Analysis and Industry Forecast, 2021–2026

Pulished: April, 2021
ID: 10545
Pages: 175

Water Sports Gear Market Size & Growth (2021 – 2026):

The water sports gear market size was calculated at $46.2 billion in 2021 and is projected to reach $54.2 billion in 2026, registering a CAGR of 3.6% from 2021 to 2026.

Water sports gear is a set of tools and clothing that a person wears during water sports activities. The water sports equipment provides protection during such activities. This equipment includes wetsuits, drysuits, hard hats, a swimming watch, a wrist dive computer, a swimming mask, and goggles, etc. These gears are used in water sports such as rafting, swimming, snorkeling, freediving, diving, and others.

The water sports industry is focused on equipment integrated with automated technology. Therefore, water sports gear manufacturers are launching new equipment that is innovative and incorporates new features to stay competitive in the market. Hence, these factors are contributing to the growth of the Water Sports Equipment market, in terms of sales value.

Water Sports Gear Market Growth and Trends:

Factors such as the growing number of water sports enthusiasts in North America and Europe and increased awareness of healthy lifestyles are the major factors driving the water sports equipment market globally. Technological advancements in water sports gear are expected to boost the global market during the outlook period.

Impact of COVID-19 on Water Sports Gear Market:

The coronavirus pandemic has caused a death blow to the water sports gear market with the strict lockdown conditions, temporary closure of sales channels and recreational centers, ban on travel, and others. The market is likely to take some time in the future to bounce back to its normal stage.

Water Sports Gear Market Drivers and Restraints:

Water sports gear such as safety helmets, life jackets, Buoyancy Control devices (BCD), dive computers, and others protect participants from injury, stimulating market growth. Besides, an increase in the number of water sports enthusiasts further drives the growth of the market. Besides, various initiatives by the government of several countries to promote water sports and nautical tourism in their respective countries are also boosting the market boom. However, the low penetration of this equipment in the developing nations is foreseen to act as a hindrance to the expansion of the water sports gear business during the anticipated period. Nonetheless, continuous innovation and rapid growth of the online retail platform is supposed to provide immense opportunity for the growth of the water sports gear market in terms of sales value during the projection period.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2021- 2026

CAGR

3.6% 

Segments Covered

Based on the product type, Based on the age group, By distribution channel

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Adidas (Germany), Mikasa (USA), Nike (USA), Speedo International (UK), Billabong (Australia), Under Armor, Inc. (United States), Apollo Sports USA Inc (United States), Aquatec - Duton Industry Co.

Water Sports Gear Market segmentation:

The global water sports gear market is mainly categorized on the basis of product type, age group, distribution channel, and region.

  • Based on the product type, the market is separated as clothing, swimming fins, watches, life jackets, security helmets, swimming masks and goggles, buoyancy control devices (BCD), and others. Water sports clothing fulfills different functions and provides protection to the body during activities performed underwater. For example, the drysuit keeps the body warm, excludes water, and offers protection against UV exposure, stings from marine organisms, and abrasion. This has driven the demand for this segment in the water sports gear market.
  • Based on the age group, in 2019, the adult segment held the dominant portion of the global water sports gear business. Water activities are beneficial to health. It lowers the risk of chronic and other diseases, which attract this age group to water activities. Thus, this has increased the number of participants in water sports activities, which in turn stimulates the demand for water sports gear in the market.
  • By distribution channel, in 2019, the franchise store segment recorded a significant share of the global water sports gear market. This is because franchise stores provide a greater geographic presence to manufacturers through which they expand their customer base, making water sports equipment readily available to customers.

Regional Analysis:

By regions, the global water sports gear market is analyzed in North America (United States, Canada, and Mexico), Europe (Germany, France, United Kingdom, Italy, Spain, and the rest of Europe), Asia-Pacific (China, India, Australia, Japan), Korea South and the rest of Asia-Pacific) and LAMEA (Latin America, Middle East, and Africa).

North America held the lion’s share in the worldwide market in 2019. The North American watersports gear market dominates the global business, due to the increasing adoption of a healthy lifestyle by consumers that resulted in an increase in the number of water sports enthusiasts, increasing demand for water sports gear in this area. This, in turn, is driving the growth of the North American watersports gear market.

Key market players:

Some of the main manufacturers and suppliers operating in the global water sports gear and equipment market are Adidas (Germany), Mikasa (USA), Nike (USA), Speedo International (UK), Billabong (Australia), Under Armor, Inc. (United States), Apollo Sports USA Inc (United States), Aquatec - Duton Industry Co., Ltd (Taiwan), Beuchat, Johnson Outdoors Inc. (United States), Sherwood Scuba (United States) ), WaterSports Planet, JSW Powersports (Australia), Rafting doo, Bashir Sport and others

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                 

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods 

2. Research Methodology                                          

               2.1 Analysis Design                         

               2.2 Research Phases                      

                              2.2.1 Secondary Research            

                              2.2.2 Primary Research  

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation   

               2.3 Study Timeline                          

3. Report Overview                                       

               3.1 Executive Summary                 

               3.2 Key Inferencees                       

4. Market Dynamics                                      

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                       

               4.3 Technology Timeline & Recent Trends 

5. Competitor Benchmarking Analysis                                    

               5.1 Key Player Benchmarking                      

                              5.1.1 Market share analysis         

                              5.1.2 Products/Service   

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape                       

               5.3 Joint Ventures & Collaborations                         

6. Market Segmentation                              

               6.1 Water Sports Gear Market, By Product Type  

                              6.1.1 Clothes     

                              6.1.2 Swim Fins 

                              6.1.3 Swim Mask & Goggles         

                              6.1.4 Buoyancy Control Device (BCD)       

                              6.1.5 Watches   

                              6.1.6 Life Jackets             

                              6.1.7 Safety Helmets      

     6.1.8 Market Size Estimations & Forecasts (2021-2026)     

                              6.1.9 Y-o-Y Growth Rate Analysis              

                              6.1.10 Market Attractiveness Index          

               6.2 Water Sports Gear Market, By Age Group    

                              6.2.1 Kids            

                              6.2.2 Adults        

                              6.2.3 Geriatric   

 6.2.4 Market Size Estimations & Forecasts (2021-2026)     

                              6.2.5 Y-o-Y Growth Rate Analysis              

                              6.2.6 Market Attractiveness Index             

  6.3 Water Sports Gear Market, By Distribution Channel    

                              6.3.1 Specialty Store       

                              6.3.2 Franchise Store      

                              6.3.3 Online Store           

                              6.3.4 Supermarket/Hypermarket

    6.3.5 Market Size Estimations & Forecasts (2021-2026)     

                              6.3.6 Y-o-Y Growth Rate Analysis              

                              6.3.7 Market Attractiveness Index             

7. Geographical Landscape                                        

               7.1 Global Identity Governance and Administration Market, by Region

               7.2 North America - Market Analysis (2021- 2026) 

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By Product Type    

                              7.2.3 By Age Group         

                              7.2.4 By Distribution Channel      

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By Product Type    

                              7.3.3 By Age Group         

                              7.3.4 By Distribution Channel      

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By Product Type    

                              7.4.3 By Age Group         

                              7.4.4 By Distribution Channel      

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By Product Type    

                              7.5.3 By Age Group         

                              7.5.4 By Distribution Channel      

               7.6 Middle East and Africa                           

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By Product Type    

                              7.6.3 By Age Group         

                              7.6.4 By Distribution Channel      

8. Key Player Analysis                                   

               8.1 Adidas                         

                              8.1.1 Business Description            

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments         

                              8.1.6 Analyst Overview  

               8.2 Mikasa                        

               8.3 Nike                             

               8.4 Speedo International                             

               8.5 Billabong                    

               8.6 Under Armor, Inc                     

               8.7 Apollo Sports USA Inc                            

               8.8 Aquatec - Duton Industry Co., Ltd                      

               8.9 Beuchat                      

               8.10 Johnson Outdoors Inc                         

9. Market Outlook & Investment Opportunities                                  

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of By Product, By Aircraft Type, and By end-user and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Water Sports Gear Market By Region, From 2021-2026 ( USD Billion )
  2. Global Water Sports Gear Market By Product Type, From 2021-2026 ( USD Billion )
  3. Global Clothes Market By Region, From 2021-2026 ( USD Billion )
  4. Global Swim Fins Market By Region, From 2021-2026 ( USD Billion )
  5. Global Swim Mask & Goggles Market By Region, From 2021-2026 ( USD Billion )
  6. Global Buoyancy Control Device (BCD) Market By Region, From 2021-2026 ( USD Billion )
  7. Global Watches Market By Region, From 2021-2026 ( USD Billion )
  8. Global Life Jackets Market By Region, From 2021-2026 ( USD Billion )
  9. Global Safety Helmets Market By Region, From 2021-2026 ( USD Billion )
  10. Global Water Sports Gear Market By Age Group, From 2021-2026 ( USD Billion )
  11. Global Kids Market By Region, From 2021-2026 ( USD Billion )
  12. Global Adults Market By Region, From 2021-2026 ( USD Billion )
  13. Global Geriatric Market By Region, From 2021-2026 ( USD Billion )
  14. Global Water Sports Gear Market By Distribution Channel, From 2021-2026 ( USD Billion )
  15. Global Specialty Store Market By Region, From 2021-2026 ( USD Billion )
  16. Global Franchise Store Market By Region, From 2021-2026 ( USD Billion )
  17. Global Online Store Market By Region, From 2021-2026 ( USD Billion )
  18. Global Supermarket/Hypermarket Market By Region, From 2021-2026 ( USD Billion )

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