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Published Date: 2017-09-01Number of Pages: 170

Windsurfing Equipment Market (Product Type - Bullitt, Coolrider, Manta, 3S Windsurfing, Rocket, Freetime, Vapor, Pilot, Matrix, Savage; Channel - Sport Stores, Franchised Stores, Speciality Stores, Online Windsurfing; Price Range - Economy, Mid-Range, Premium, Super-Premium) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022

A perfect blend of sailing and surfing, windsurfing has emerged as one of the most popular and fast-growing watersports in the world. As windsurfing aficionados from around the globe continue to seek challenges by freestyling through big waves, proper windsurfing equipment becomes the sole means of their safety. Rapidly-changing currents of sea-waves further boost the importance of having appropriate windsurfing equipment. From boards to sails, manufacturers of windsurfing equipment continue to remodel their offerings by testing new designs that improve the dynamic performance of windsurfers across multiple conditions. However, notable characteristics of windsurfing equipment, which include long product life cycle, low replacement rate and improved sturdiness, are becoming the leading cause behind the moderate growth of global windsurfing equipment market.

By combining the elements of sailing and surfing, windsurfing has gained identity as a surface watersports where the windsurfer navigates through high tides and low tides on an aquadynamic board. With a sail attached to the board, windsurfing boards are powered by wind moving over sea surface. Each windsurfing equipment is defined by the wind conditions, the skill of windsurfer, type of windsurfing, and weight of the windsurfer.

According to Transparency Market Research’s latest forecast study, the global market for windsurfing equipment will witness a moderate CAGR during the forecast period (2017-2022). The report projects that by the end of 2022, global sales of windsurfing equipment will net a little over US$ 450 Mn in revenues.

Market Taxonomy

Product Type

Channel

Price Range

Bullitt Windsurfing Board

Sport Stores

Economy

Coolrider Windsurfing Board

Franchised Stores

Mid-Range

Manta Windsurfing Board

Speciality Stores

Premium

3S Windsurfing Board

Online

Super-Premium

Rocket Windsurfing Board

 

 

Freetime Windsurfing Sail

 

 

Vapor Windsurfing Sail

 

 

Pilot Windsurfing Sail

 

 

Matrix Windsurfing Sail

 

 

Savage Windsurfing Sail

 

 

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Coolrider Windsurfing Boards to Remain Sought-after

In 2017 and beyond, the demand for Coolrider windsurfing boards will remain comparatively higher than other type of products available in the market. 3S windsurfing boards will also witness considerable traction in terms of sales, reflecting 4.1% CAGR through 2022. The report also projects that demand for Savage windsurfing sails will be lowest, and this segment will also reflect the slowest CAGR throughout the forecast period.

Sports Stores to record Low Sales of Windsurfing Equipment

The report expects that sales of windsurfing equipment through sports stores will be relatively low, considering the abbreviated presence of watersports gear in ordinary sports equipment outlets. Specialty stores for watersports equipment will be observed as the coveted channels for buying windsurfing equipment. But, the largest channel in the global windsurfing equipment market are pegged to be franchised stores, revenues from which are poised to surpass US$ 100 Mn by 2022-end. The demand for windsurfing equipment across e-commerce platforms will also gain traction. In 2017, online sales of windsurfing equipment will reap more than US$ 85 Mn in global revenues.

The report also projects that demand for windsurfing equipment available in economical price-range will significantly high, sales of which will be contributing more than one-third share of global market value through 2022. Windsurfing equipment in premium price-range segment will also witness impressive demand throughout the forecast period.

Competition Tracking

The report has also profiled companies such as Societe BIC, S.A, Ricci International Srl, TABOU SURFBOARDS, Kona Windsurfing Ab, Shriro Holdings Ltd., Kai Nalu Incorporated, Point 7 International Ltd., Drops Boards SAS, Mistral International B.V., and Witchcraft Windsurfing as key players in the global market for windsurfing equipment.

Windsurfing is one of the fast-growing watersports in the world. Its popularity has been gaining traction over the past decade. Predominant in the US, windsurfing continues to draw participation of people attracted towards surface water sports such as surfing and sailing.

Stringent safety regulations associated with this watersport are instrumenting the need for being equipped with proper windsurfing gear. The wide spectrum of windsurfing equipment can be primarily bifurcated into types of boards and types of sails. Aquadynamic board designs, skill of windsurfers, their bodyweight, and materials used for making sails are observed as key criteria influencing the purchase as well as production of windsurfing equipment in the global market.

Windsurfing Equipment Market: Segmentation

In this report, product-type, channel, and price-range are key segments into which the global market for windsurfing equipment has been analyzed and forecasted. On the basis of type of products, the global windsurfing equipment market is categorized into Bullitt windsurfing board, Manta windsurfing board, Coolrider windsurfing board, 3S windsurfing board, Freetime windsurfing sail, Rocket windsurfing board, Matrix windsurfing sail, Vapor windsurfing sail, Pilot windsurfing sail, and Savage windsurfing sail. The market is also segmented on the basis of channels, namely sport stores, specialty stores, online, and franchised stores. The report also includes a segmental analysis of global windsurfing equipment market based on the price ranges. Premium, super-premium, mid-range and economy are price range-based categories employed in segmenting the growth of global windsurfing equipment market.

Windsurfing Equipment Market: Regional Analysis

Geographically, the global market for windsurfing equipment is segmented into Latin America, North America, Europe, Asia-Pacific excluding Japan (APEJ), Japan, and Middle East & Africa (MEA). In 2017, North America will remain at the forefront of global expansion of windsurfing equipment market, holding the largest share in terms of revenues. The windsurfing equipment market in Europe is expected to grow at a moderate pace in the next five years. In addition, the Asia-Pacific excluding Japan region will exhibit lucrative growth with respect to sales of windsurfing equipment.

As North America retains a leading position throughout the forecast period,

the demand for windsurfing equipment is also expected to incur significant rise in regions with higher participation towards watersports. In some countries, natural water bodies such as lakes and large ponds are being converted for setting up windsurfing sporting events. Windsurfing is gaining popularity as one of the fastest-growing surface water sports wherein coastal regions appropriate for this watersports are registering a sizeable uptick in terms of participation. Concurrent to the rising participation in windsurfing, local and multinational manufacturers of sporting goods & accessories are extending their presence in the windsurfing equipment markets by launching new product lines on windsurfing boards and windsurfing sails.

Against the backdrop of changing consumer lifestyles, regional manufacturers of windsurfing equipment are also expected to showcase new marketing strategies, drawing attention of people new to this type of watersport. The windsurfing equipment markets in Latin America and the MEA region may witness a relatively low turnout with respects to participation in windsurfing, which can be translated into low demand for windsurfing equipment, but labor wages, attractive scope for investments, and favorable industrial regulations in these regions can be viewed advantageous for cost-effective manufacturing windsurfing equipment.

Windsurfing Equipment Market: Competitive Analysis

Company market share analysis of key players partaking in the global market for windsurfing equipment is provided in the report. Leading manufacturers of windsurfing equipment include, Societe BIC, S.A (Cedex Clichy, France), Witchcraft Windsurfing (Lajares Fuerteventura, Spain), Drops Boards SAS (Magione PG, Italy), Ricci International Srl (Grosseto Toscana, Italy),  Kona Windsurfing Ab (Motala, Sweden), Kai Nalu Incorporated (Haiku, USA), TABOU SURFBOARDS (France), Shriro Holdings Ltd. (Eastern District, Hong Kong), Mistral International B.V. (Wierden, Netherlands), and Point 7 International Ltd (Singapore).  These companies will be employing promotional activities and aggressive marketing for attaining a higher market share over their competitors. Additional strategies formulated by these players will include joint ventures & collaborations, product innovations, premeditated acquisitions, and cross-regional expansions, among others.

The scope of the study offers an all-inclusive evaluation of stakeholder strategies, as well as winning essentials for them, by segmenting the global windsurfing equipment market as below:

Windsurfing Equipment Market, Product Analysis

  • Bullitt Windsurfing Board
  • Coolrider Windsurfing Board
  • Manta Windsurfing Board
  • 3S Windsurfing Board
  • Rocket Windsurfing Board
  • Freetime Windsurfing Sail
  • Vapor Windsurfing Sail
  • Pilot Windsurfing Sail
  • Matrix Windsurfing Sail
  • Savage Windsurfing Sail

Global Windsurfing Equipment Market, Channel Analysis

  • Sport Stores
  • Franchised Stores
  • Specialty Stores
  • Online

Global Windsurfing Equipment Market, Price Range Analysis

  • Economy
  • Mid-Range
  • Premium
  • Super-Premium

In addition, the report also delivers a cross-sectional analysis of all aforementioned segments across the following geographical markets:

Global Windsurfing Equipment Market, by Geography

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Nordic
  • Japan
  • Asia-Pacific excluding Japan (APEJ)
    • China
    • India
    • Malaysia
    • Thailand
    • Singapore
    • Australia
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Nigeria
    • Israel


 
 
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