Water Sports Equipment and Accessories Market Will Reach USD 9526.73 MN - Credence Research

The key players in the global Water Sports Equipment and Accessories market in terms of value include Speedo International Limited, Arena S.p.A., KAP7 International, Inc., Baden Sports, Inc., Apollo Sports USA Inc., Mikasa, Billabong International Limited, Nike, Inc., Adidas AG, Aqua Lung International, Johnson Outdoors, Inc., Beuchat, Cressi, Seavenger, Sherwood Scuba, and Aquatec – Duton Industry Co., Ltd.

Water Sports Equipment And Accessories Market?Analysis - Global Industry Growth, Size, Share, Opportunities & Competitive Analysis, 2016 – 2028

The Global Water Sports Equipment And Accessories Market generated revenue of around USD 6792.5 million in 2021 and is anticipated to grow a CAGR of over 5.80% during the forecast period from 2022 to 2028 to reach around USD 9526.73 million in 2028. While cumulative growth opportunity presented by the global Water Sports Equipment And Accessories is around USD 2734.23 million from 2022 to 2028.

Growing consumer interest in outdoor recreational activities, combined with greater involvement across all age groups, has fuelled the construction of numerous water sports facilities worldwide. With an increased interest in recreational water sports, the market for water sports equipment and accessories is expected to grow significantly in the coming years. A rising number of novel water sports equipment launches is a new trend that is predicted to considerably contribute to market growth throughout the forecast period. The many steps implemented by various governments to promote water sports and water tourism in their respective countries also contribute to the market's growth. Several nations have initiated programs to assist the development of water sports facilities, hence boosting the growth of the water sports equipment and accessories market. The water sports equipment market's growth is anticipated to be constrained by the limited penetration of water sports equipment and accessories in developing regions. The market for water sports equipment and accessories is growing, but there are several risks involved with them that could potentially be fatal. Additionally, the government's COVID-19 regulations had an effect on the market's expansion.

The global Water Sports Equipment And Accessories market is segmented into sports type, product type, distribution channel, and Geography. On the basis of sports type, the market is segmented into Swimming, Diving & Snorkeling, Kayaking & Boating, Water Surfing, Water Polo, Water Skiing & Tow Sports. Based on product type the market is categorized into Equipment and Accessories. On the basis of distribution channels, the market is segmented into online retail and direct retail. Based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America and the Middle East, and Africa.

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