Global Kitesurfing Equipment Market – Increased Participation and Inclusion of Kitesurfing in the Olympics to Drive the Market

NEW YORK, February 3, 2022 /PRNewswire/ — Technavio’s latest offering, the The Kitesurfing Equipment Market report provides a detailed analysis of the competitive scenario and market growth in various regions. The kitesurfing equipment market is expected to grow by $293.53 million from 2020 to 2025, to a CAGR of 7.73%. The kitesurfing equipment market will record 5.97% year over year growth rate in 2021.

Market Dynamics – Drivers and Trends

the increased participation and inclusion of kiteboarding in the Olympics will be a significant factor in driving the growth of the kitesurfing equipment market. Participation in kitesurfing events and competitions such as Central American & Caribbean Games, GKA Surf World Cup Canaries, Open World Championships, Hempel Sailing World Championships, KiteSpeed ​​​​World Championships and GKA Surf World Cup Mauritius increase. The inclusion of kitesurfing in the Youth Olympic Games (YOG) Buenos Aires 2018 has further boosted the popularity of the sport and hence boosted the demand for kitesurfing equipment over the forecast period.

the launch of innovative products, which is one of the critical trends in the kitesurfing equipment market, will help riders improve their performance and safety. Market vendors are launching innovative and ergonomic equipment such as bars, locks, harnesses, kites and boards to improve the safety of kitesurfing equipment. Click-In Loop, a new trigger system developed by OZONE, has easy-to-activate and easy-to-reload features that prevent kiteboarding accidents.

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Company Profiles

The kitesurfing equipment market is fragmented and vendors are deploying various organic and inorganic growth strategies to compete in the market. Some of the companies covered in this report are Best Kiteboarding, BOARDS & MORE GmbH, Cabrinhakites Inc., F-ONE, Litewave Kiteboards, Naish International, North Kiteboarding, Pryde Group, RICCI INTERNATIONAL SRL and Switch Kiteboarding, etc.

Competitive analysis

The report includes the competitive analysis which analyzes and evaluates the position of the companies based on their position in the industry and their performance in the market. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Market segmentation

  • By product, the market is categorized into kites, accessories and boards. the segment of kites will mainly contribute to the growth of the market over the forecast period. Kites are usually made from ripstop nylon and polyester fabric using improved steaming and stitching techniques by interconnecting various small parts or components. Some vendors in the market are developing fabrics that provide high strength, tear resistance, longevity, and UV protection.

  • By geographythe market is classified as Europe, North AmericaACPA, South Americaand MEA. Europe will have the largest market share. 48% of market growth will come from Europe during the forecast period. GermanyFrance and Italy are the main markets for kitesurfing equipment in Europe. Market growth in this region will be faster than market growth in MEA and North America. The growing popularity of kitesurfing and the presence of established vendors will facilitate the growth of the kitesurfing equipment market in Europe over the forecast period.

  • By distribution channel, the market has been categorized into retail and other.

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Scope of the kitesurfing equipment market

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 7.73%

Market Growth 2021-2025

$293.53 million

Market structure

Fragmented

Annual growth (%)

5.97

Regional analysis

Europe, North America, APAC, South America and MEA

Successful market contribution

Europe at 48%

Main consumer countries

Germany, United States, France, Australia and Italy

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Best Kiteboarding, BOARDS and MORE GmbH, Cabrinhakites Inc., F-ONE, Litewave Kiteboards, Naish International, North Actionsports BV, RICCI INTERNATIONAL SRL, Shriro Holdings Ltd. and Switch Kiteboarding

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Main topics covered:

Summary

Market landscape

Market sizing

Five forces analysis

Market segmentation by product

  • Market segments

  • Comparison by product

  • Kites – Market size and forecast 2020-2025

  • Accessories – Market size and forecast 2020-2025

  • Planks – Market size and forecast 2020-2025

  • Market opportunity by product

Market segmentation by distribution channel

  • Market segments

  • Comparison by distribution channel

  • Retail – Market size and forecast 2020-2025

  • Others – Market size and forecast 2020-2025

  • Market opportunity by distribution channel

Customer landscape

Geographic landscape

  • Geographic segmentation

  • Geographic comparison

  • Europe – Market size and forecast 2020-2025

  • North America – Market size and forecast 2020-2025

  • APAC – Market size and forecast 2020-2025

  • South America – Market size and forecast 2020-2025

  • MEA – Market size and forecast 2020 -2025

  • Main leading countries

  • Market Opportunity by Geography

  • Volume Driver – Demand Driven Growth

  • Volume Driver – External Factors

  • Market challenges

  • Market trends

Supplier Landscape

  • Supplier Landscape

  • Landscape disturbance

Vendor analysis

appendix

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