Global Wakeboarding Equipment Market, By Product (Wakeboards, Clothing, Protective Gears), Type (Continuous Rocker, Hybrid Rocker, Three-Stage Rocker, Five-Stage Rocker), Length (128 cm – 142 cm, Customized Range), Type of Rider (Beginner, Intermediate, Advanced Riders), Application (Sports Equipment Stores, Supermarkets, Online, Others) – Industry Trends and Forecast to 2029.
Wakeboarding Equipment Market Analysis and Size
The popularity of water sports has increased significantly in the last few years, which has led to the growth of related industries such as wakeboard equipment. The increasing popularity of wakeboarding has augmented the demand for wakeboarding equipment. Protective gear is an important product type of wakeboarder because this sport is one of the most injury-prone sports.
Data Bridge Market Research analyses that the wakeboarding equipment market was valued at USD 0.80 billion in 2021 and is expected to reach USD 2.05 billion by 2029, registering a CAGR of 12.05% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Wakeboarding Equipment Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Wakeboards, Clothing, Protective Gears), Type (Continuous Rocker, Hybrid Rocker, Three-Stage Rocker, Five-Stage Rocker), Length (128 cm – 142 cm, Customized Range), Type of Rider (Beginner, Intermediate, Advanced Riders), Application (Sports Equipment Stores, Supermarkets, Online, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Airhead (U.S.,; Boardriders (U.S.), HO SPORTS (U.S.), Ronix Wakeboards (U.S.), Slingshot Sports (U.S.), Cressi S.p.A (Italy), Dive Rite (U.S.), Jobe (U.S.), Xtreme Tower Products (Canada), Pentasi Ltd (Indonesia), Tahe Outdoors (Estonia), Naish International (Australia), O'Brien Watersports (U.S.), Aqua Lung International (U.S.), JOHNSON OUTDOORS INC (U.S.)
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Market Opportunities
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Market Definition
Wakeboarding is a fun, frivolous activity that involves riding on a wakeboard. It is done in natural waters such as oceans or rivers or artificial pools and lakes. This sport aims to perform tricks smoothly floating along with several types of terrain, such as waves for spins and awakening for jumps and turns, all with great speed. Wakeboarding equipment comprises clothing, wakeboards, and protective gear. The types of wakeboards include continuous rockers, hybrid rockers, three-stage rockers, and five-stage rockers.
Wakeboarding Equipment Market Dynamics
Drivers
- Increasing demand for wakeboarding apparel
Wakeboarding apparel can help to protect the human body from the environment during water sports. There are several clothing options in the wakeboarding equipment, such as shorts, vests, and swimsuits, among which swimsuits account for the leading sales figures. Innovation and invention in terms of style have increased demand for wakeboard clothing. Thus, the increasing demand for wakeboarding apparel is anticipated to drive the market's growth.
- Growing demand for protective gears
Wakeboarding is a hazardous sport increasing the demand for protective gear. They include boots and bindings, life jackets, and helmets. The growing demand for wakeboarding protective gear is projected to boost the market growth.
Opportunities
- Increasing demand for eco-friendly wakeboarding equipment
Most of the wakeboarding equipment which is consumed in water sports is manufactured globally. The growing demand for eco-friendly wakeboarding equipment has increased manufacturers' focus on producing eco-friendly equipment. The major market players of wakeboarding equipment are raising the awareness and availability of the same in several nations with high consciousness for environment-friendly products. Thus, the Increasing demand for eco-friendly wakeboarding equipment is expected to create immense opportunities for the growth of wakeboarding equipment globally.
Moreover, the product's easy availability, along with many water sports schools, water parks, and water sports clubs, will create immense opportunities for the market.
Restraints/ Challenges
- Disadvantages associated with wakeboarding equipment
Some of the major restraints would be the equipment's long-life cycle, which decreases the replacement frequency of the protective gears and constrained the growth of the sales channel.
This wakeboarding equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the wakeboarding equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Wakeboarding Equipment Market Scope
The wakeboarding equipment market is segmented on the basis of product, type, Length, type of rider and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Wakeboards
- Clothing
- Protective Gears
Type
- Continuous Rocker
- Hybrid Rocker
- Three-Stage Rocker
- Five-Stage Rocker
Length
- 128 cm – 142 cm
- Customized Range
Type of Rider
- Beginner
- Intermediate
- Advanced Riders
Application
- Sports Equipment Stores
- Supermarkets
- Online
- Others
Wakeboarding Equipment Market Regional Analysis/Insights
The wakeboarding equipment market is analysed and market size insights and trends are provided by country, product, type, Length, type of rider and application as referenced above.
The countries covered in the wakeboarding equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the wakeboarding equipment market in terms of market share due to the prevalence of various market players and the development of established water sports infrastructure in this region.
Europe is likely to be the fastest developing region during the forecast period of 2022-2029 due to the increase in the number of water sports, water parks, schools, and water sports clubs in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Wakeboarding Equipment Market Share Analysis
The wakeboarding equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to wakeboarding equipment market.
Some of the major players operating in the wakeboarding equipment market are:
- Airhead (U.S.)
- Boardriders (U.S.)
- HO SPORTS (U.S.)
- Ronix Wakeboards (U.S.)
- Slingshot Sports (U.S.)
- Cressi S.p.A (Italy)
- Dive Rite (U.S.)
- Jobe (U.S.)
- Xtreme Tower Products (Canada)
- Pentasi Ltd (Indonesia)
- Tahe Outdoors (Estonia)
- Naish International (Australia)
- O'Brien Watersports (U.S.)
- Aqua Lung International (U.S.)
- JOHNSON OUTDOORS INC (U.S.)
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