Global Outdoor Leisure Market with Focus on Water Leisure: Industry Analysis & Outlook (2018-2022) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 25, 2018--The “Global Outdoor Leisure Market with Focus on Water Leisure: Industry Analysis & Outlook” report has been added to ResearchAndMarkets.com’s offering.
The outdoor leisure industry is a very lucrative market since engaging in recreational activities can boost confidence levels, enhance creativity and self-esteem. The outdoor industry has grown because it is an affordable option to a healthy lifestyle.
The outdoor leisure market has been categorized into inflatable and non-inflatable leisure products. Inflatable products have become increasingly popular over recent years, particularly as advancements in technology have allowed them to become progressively superior to non-inflatables in terms of performance.
The various types of ground & mountain, aerial and water leisure activities offered by different companies are anticipated to grow over the next few years. There has been an increasing participation rate across all age groups for recreational activities specially for water leisure, ranging from young kids to older adults.
The growing consumer base has driven a substantial increase in the number and quality of facilitations and locations to engage in water leisure activities and generated strong demand for water leisure products. The vendors are striving to boost comfort levels and develope new products to cater to the needs of growing consumer requirements.
The global outdoor leisure market is set to experience favorable growth driven by factors such as growing youth population, development of tourism industry, increasing popularity of outdoor recreation, plummeting raw material prices and rapid urbanization.
The major trends observed in this market include rising penetration in sports & outdoors, launching of new products, emergence of social platforms and growing consumer awareness.
However, the growth of this budding market is constrained by challenges such as competition threat, seasonality and low negotiating power of purchasers.
Growth DriversIncreasing Youth Population Growth in E-Commerce Development of Tourism Industry Improving Consumer Confidence Index Popularity of Outdoor Recreation Increasing Urban Population Plummeting Raw Material Prices
Key Trends & DevelopmentRising Penetration Rate in Sports & Outdoors Launching of New Products Emergence of Social Platforms Increased Consumer Awareness Preference for Convenience, Flexibility and Portability Increased Focus on Health
ChallengesCompetition Threat Seasonality Low Negotiating Power of Purchasers
Key Topics Covered
2. Global Market Analysis
3. Regional Market Analysis
4. Market Dynamics
5. Competitive Landscape
6. Companies ProfiledBestway Global Holding Inc. Johnson Outdoors Inc. Vista Outdoor Inc. VF Corporation
For more information about this report visit https://www.researchandmarkets.com/research/4chdwr/global_outdoor?w=4.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180925005760/en/
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Related Topics:Entertainment,Travel and Tourism
INDUSTRY KEYWORD: OUTDOORS POWERBOATING ENTERTAINMENT SWIMMING WATER SKIING OTHER ENTERTAINMENT SPORTS
SOURCE: Research and Markets
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PUB: 09/25/2018 10:18 AM/DISC: 09/25/2018 10:18 AM