Published on : May 18, 2017
Albany, New York, May 18, 2017: The latest report to be added is titled “Global Surface Water Sports Equipment Market 2017-2021,” and it encapsulates the key factors of growth surrounding the market, as well the as the restraints acting on it, and the various new opportunities that players may receive over the coming years. The 70 page report includes talks about the various drivers of the global surface water sports equipment market, including the presence of a large number outdoor sports enthusiasts and water sporting sites across Europe which are likely to make it the second-leading revenue contributor to the global water sports equipment market.
The global surface water sports equipment market is expected to expand at a healthy CAGR of 10.74% within a forecast period from 2017 to 2021.
According to the report, the global surface water sports equipment market is currently exhibiting growth due to a primary driver of a growing number of water sporting facilities globally. This is especially applicable for developed economies where the scope of water sports is much higher. At the same time, emerging economies are expected to be a promising source of revenue for players over the coming years, thanks to increasing scope of water sports. However, the market is currently being restrained by the high level of risk of accidents being involved in water sports. Meanwhile, players are starting to show a greater inclination towards the use of artificial water sporting experiences, in order to penetrate market regions that are not close to natural water bodies.
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The report divides the global surface water sports equipment market geographically, into the Americas, Asia Pacific, and the EMEA. Asia Pacific is expected to be one of the more promising regions in the global surface water sports equipment market over the coming years, due to a growing number of consumers for water sports in Singapore, Hong Kong, Thailand, and Indonesia.
The report calculates the overall size of the global surface water sports equipment market, using factors such as the revenue generation scope of players from the sales of the equipment. The report also provides details on the global surface water sports equipment market as given by industry experts and based on multiple industry insights. This allows for a greater degree of coverage of the global surface water sports equipment market and its competitive landscape.
The report discusses the competitive landscape of the global surface water sports equipment market in its current state as well as what it is likely to become over the coming years. The key vendors from the current market, as explained in the report, include AIRE, BIC Sport, Naish International, Obrien, and STARBOARD. Other prominent vendors mentioned in the report include Airhead SUP Accessories, Aqua Marina, BELASSI, BomBoard, IMAGINE PADDLE SURF, Rave Sports, Solstice Sports, Surftech, Wing Inflatables, and Vanguard Inflatables.
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