Kiteboarding Equipment: Worldwide Markets Analysis 2012-2018 and Forecasts to 2022 - Featuring Cabrinha, Naish Intl, North Kiteboarding, F-One, Switch Kites, Crazy Fly and Slingshot Sports - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 28, 2018--The “Global Kiteboarding Equipment Market Outlook to 2022 - by Equipments, by Region, by New & Existing Demand, by Distribution Channel and by Equipment Price” report has been added to ResearchAndMarkets.com’s offering.
Global Kiteboarding equipment market has been anticipated to showcase a sound growth at a CAGR of close to 8% during the forecast period (2017-2022).
Growth during this period is expected to be supported by the rising popularity of Kiteboarding as a recreational and profession activity, increase in the number of Kiteboarding championships and tournaments, increase in demand from Millennial, increased awareness regarding fitness benefits of Kiteboarding, expanding geographical presence of major manufacturers, intensifying distribution channels, expansion of online retailing, new product launches, government initiative to promote the usage of protective Kiteboarding equipments and others.
Globally, International tourist arrivals and international tourism expenditure has been increasing at a steady pace over the review period (2012-2017).
Increase in variety of Kiteboarding equipment’s available in the market, primarily, in terms of size, quality, capacity and utility, major players have been using diverse product portfolios and aggressive marketing & sales strategies to position themselves in the market. This has helped the market to grow at a CAGR of close to 6% during 2012-2017.
Increased trade has been observed amongst major producing and consuming countries. Several leading manufacturers have invested huge amount in research & development segment to foster product innovations to increase durability and sturdiness of Kiteboarding equipments.
By Equipment: As of 2017, kiteboards accounted for the highest share in the kiteboarding equipment market in terms of consumer expenditure. Accessories used in kiteboarding include Flying Lines, Control Bars and Kite Harnesses. Kiteboarding accessories accounted for second highest share in the kite boarding equipment market. Kites, in 2017, accounted for a share third highest share in terms of consumer expenditure.
By New and Existing Demand: In the year 2017, it has been observed that the repeat demand from existing users has accounted for a larger share in the market.
By Distribution Channel: Company Stores and Specialty Stores dominate the market in 2017. Online stores have accounted for second highest contribution in 2017.
By Equipment Price: As of 2017, Kiteboards that are priced between US$ 401 - US$ 800 are generally bought by the individual customers and are available in the company stores, specialty stores, online stores and in hypermarkets. They account for the highest share in the kiteboard market. Kites in similar price range also lead the market share in terms of consumer demand in 2017.
Companies FeaturedCabrinha Naish International North Kiteboarding F-One Switch Kites CrazyFly Slingshot Sports
Key Topics Covered
1. Executive Summary
2. Research Methodology
3. Global Kiteboarding Equipment Market Value Chain
4. Global Kiteboarding Equipment Market Size, 2012-2017
5. Global Kiteboarding Equipment Market Segmentation
6. Competition Landscape
7. SWOT Analysis of Global Kiteboarding Equipment Market
8. Global Kite Boarding Equipment Market Future, 2018E-2022E
9. Global Kite Boarding Equipment Future Market Segmentation
For more information about this report visit https://www.researchandmarkets.com/research/7qlfvs/kiteboarding?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180928005504/en/
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SOURCE: Research and Markets
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PUB: 09/28/2018 01:23 PM/DISC: 09/28/2018 01:22 PM