Equipment used for sailing include rigging, line & ropes, steering, electronics & navigation equipment, hatches, furlers & head foils, anchoring & docking, port lights, headsail foils, safety & PFDs, canvas & covers, seats & tables, poles & spirits, and other miscellaneous items.
Growing tourism sector and increasing disposable income in emerging countries such as Brazil is expected to fuel the market growth of sailing equipment over the forecast period. Increasing trend of participating in competitive and recreational activities like sailing across countries is projected to boost the market growth. Furthermore, growing technological advancements in sailing equipment is also anticipated to spur the growth of the market in the coming years. The market for sailing equipment comprises various equipment manufacturers, and trade & service providers. Furthermore, many improvements in materials used for manufacturing the equipment have made them affordable for consumers such as boat manufacturers. The sailing equipment market is expected to hold immense potential for growth due to growing research activities and investment by major players in the industry to develop and upgrade the equipment. Furthermore, rising awareness about adopting advanced technologies in sailing is also projected to contribute to the growth of the sailing equipment market in the near future.
Increasing trend of recreational boating activities among tourists due to growing number of trade shows and boating events across the globe is positively impacting the market growth. Furthermore, increasing government support for the development of marine tourism in several countries has positively influenced the market. Various other factors such as developing infrastructure, growing investment in the tourism industry, and changing regulations in favor of the industry are also projected to boost the growth of the sailing equipment market in the coming years. Increasing usage of boats in water sports, implementation of new technologies in manufacturing, and growing number of vessel manufacturers are other factors enhancing the market growth for sailing equipment.
The global sailing equipment market can be segmented based on equipment, application, distribution channel, and region. The equipment segment is categorized into waterproof bags & containers, life jackets, snap hooks, sailing safety equipment, navigation lights, boat rope & rigging equipment, and others. The application segment of the sailing equipment market can be segregated as residential and commercial. The market is segmented into online and offline based on distribution channels.
Based on region, the sailing equipment market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to hold the major share of the sailing equipment market in terms of revenue over the forecast period. Coastal and marine tourism has emerged as a significant tourism activity among citizens of North America and Europe, whereas Asia Pacific countries such as Australia and China are projected to witness tremendous opportunities for market growth. The growth of the China market is attributed to the abundance of water resources which include inland lakes, vast coastlines, and rivers. Furthermore, increasing support of the Chinese government, promoting sailing as a leisure activity is projected to trigger the demand for entertainment activities among the people in the country.
The sailing equipment market in the U.S. is projected to witness tremendous growth over the forecast period due to the increasing popularity of fishing and water sports and growing number of high net worth individuals. Furthermore, increasing leisure activities and trade shows by various manufacturers is also anticipated to fuel the market growth in Europe.
Prominent players operating in the global sailing equipment market are Sailing Stuff, Mauri Pro Sailing, West Coast Marine, West Marine, Compass Yachtzubehör Handels GmbH & Co. KG, Kelvin Hughes, LaserPerformance, West Mersea, Optiparts, Oxbow, Harken, Allen, Selden Masts and Spars, Sea Sure, Rwo, Ronstan, Marlow, Spinlock, Super Spars, and Pinnell and Bax.
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.