Kiteboarding is a sport that involves the surfacing of a steerable kite on water having excessive water current. The sportsperson standup on the surf board while being pulled by large kite. The kiteboarding equipment market is growing due to increasing popularity of adventure sports throughout the globe. Countries that are surrounded by water bodies consider kiteboarding as a key recreational activity. The tourism industry is investing large amounts in adventure sports to promote tourism. Social media advertising and other inbound marketing hacks are important factors driving the market of kiteboarding equipment. Kiteboarding equipment includes a kite, a device to control the kite, a life jacket, water shoes, wet suit, and a helmet for safety.
Kiteboarding is a breathtaking experience. It helps in boosting the immune system and reduces the degree of stress. Kiteboarding is becoming popular among sportspersons and youngsters due to the health related benefits. The growing popularity of kiteboarding will fuel the kiteboarding equipment market during the forecast period. The market is growing as many TV shows and Hollywood films portray kiteboarding as an adventure activity. Kiteboarding helps to tone the body and strengthens the abdomen and upper arms. A major factor driving the growth of the market is the increased participation and inclusion of kiteboarding in the Olympics. Kiteboarding has seen improved participation all over the world given that the remaining couple of years. Many people are taking up activities such as outdoor and adventure sports which include kiteboarding to increase fitness and in their pursuit to stay fit and healthy. Increasing disposable income of people and the desire for adventure fuels the kiteboarding equipment market. People are increasingly willing to spend their money on recreational activities. Kiteboarding is popular among models, actors, and sports people as they need to stay fit.
Kiteboarding is a risky and dangerous sport, with many incidents of accidents and deaths in the course of kiteboarding having been observed. This is a major factor hampering the growth of the kiteboarding equipment market. Growing climatic changes are also affecting the growth of the market. Kiteboarding is an expensive affair. Sportspersons have to spend large amounts of money to buy kiteboarding safety equipment’s.
Kiteboarding Equipment Market segmented on the basis of distribution channel and equipment price. Kiteboarding equipment market distribution channel segmented as online and offline. Online channels include e-commerce sites and offline channel are specialty store which are own brand store of kiteboarding equipment manufactures. Kiteboarding equipment’s are available from US$ 400 to Us $ 800 depending upon the brand and quality of equipment’s.
The kiteboarding equipment market can be segmented into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. Western Europe and Australia are some of the top regions for kiteboarding equipment, with kiteboarding a flourishing market in these regions since they are surrounded by water bodies, attracting large numbers of visitors every year during summer. The kiteboarding equipment market in these areas is mature. Governments in these regions are additionally encouraging kiteboarding tourism, which is anticipated to create major opportunities for kiteboarding tools manufacturers and suppliers.
The major players in the kiteboarding equipment market include Globe Kites, F-One Kites, GoPro, North Kiteboarding, Hana Kite, Litewave Designs, GoFoil, Roberto Ricci Designs, Hyperflex Wetsuits, Litewave Designs, Peter Lynn Kiteboarding, and Good Breeze .
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.