Sailboats Gear Market: Introduction
- Sailing is a popular recreational sport enjoyed in several different ways on an individual basis or through team based events. Sailing requires a wide range of sailing gear while competing or participating in recreational sailing activities.
- Growing water tourism sector, rising disposable income, and awareness about usage of safety gear is expected to fuel the growth of the sailboats gear market over the forecast period.
Increasing Adoption of Sailboats Gear: A Key Driver
- In recent years, increasing trend of participating in competitive and recreational sailing activities is projected to boost the growth of the sailboats gear market. Key players developing innovative gear for fishing and overall water sports is also anticipated to spur the growth of the sailboats gear market in the coming years. Furthermore, increasing government support for the development of marine tourism, key players continuously investing in the water tourism industry, and changing regulations in favor of the industry in several countries have positively influenced the growth of the sailboats market over the last few years.
Economic Slowdown: A Key Restraint
- Several countries imposing lockdown due to impact of the Covid-19 pandemic is restricting users from participating or owning sailboats, which may hinder the growth of the sailboats gear market across the globe. This factor is expected to slowdown the market growth. Easy availability of counterfeit products in the market along with the high pricing of sailboats gear is also restraining the growth of the market.
North America a Potential Market for Sailboats Gear
- The global sailboats gear market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the sailboats gear market in Europe includes the U.K., Germany, France, and Rest of Europe. Similarly, the market in Asia Pacific comprises India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes GCC, South Africa, and Rest of Middle East & Africa. The sailboats gear market in South America has been segmented into Brazil and Rest of South America.
- North America is expected to remain a potential market for the development of sailboats gear during the forecast period due to continuous growth in ownership of sail boats and increasing participation of users in water sports, fishing, and other recreational activities across the region.
Key Players Operating in the Global Sailboats Gear Market
The global sailboats gear market is moderately fragmented in nature, due to presence of several players across the globe. Key players adopt new product development, acquisitions, mergers, and agreements as their key development strategy to remain competitive and enhance their customer base in the market.
A few of the key players operating in the global sailboats gear market are as follows:
- Allen Brothers (Fittings) Ltd
- ATN, Inc.
- Compass Yachtzubehör Handels GmbH & Co. KG
- Harken, Inc
- Mauripro Sailing LLC.
- Sailing Stuff
- Seldén Mast AB
- Super Spars Ltd
- West Coast Marine
Global Sailboats Gear Market: Research Scope
Global Sailboats Gear Market, by Type
- Bags & Backpacks
- Base Layer
- Dry & Wetsuits
- Gloves & Socks
- Windbreaker/Jackets & Vests
- Others (Trouser & Shorts, Shirts, etc.)
Global Sailboats Gear Market, by Pricing
- Low (Below US$ 50)
- Medium (US$ 50-200)
- High (Above US$ 200)
Global Sailboats Gear Market, by Application
- Water Sports
- Recreational Activties
- Defense & Security
Global Sailboats Gear Market, by End-user
Global Sailboats Gear Market, by Distribution Channel
- Company Website
- Specialty Stores
- Individual Store
- Others (Departmental Stores, Mega Retail Stores etc.)
The report on the global sailboats gear market is a compilation of first-hand information, qualitative and quantitative assessment by market analysts, and inputs from market experts and market participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness of each segment. The report also maps the qualitative impact of various factors on regional and other segments of the market.
Regional Analysis of the Global Sailboats Gear Market:
- North America
- Asia Pacific
- Middle East & Africa (MEA)
- South America
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