Global Watersports Gear and Equipment Market Overview:
The Global Watersports Gear and Equipment Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Global Watersports Gear and Equipment Market, as well as the causes for variances in the industry’s growth in different regions.
The Global Watersports Gear and Equipment Market size is expected to reach nearly USD 55.2 billion by 2027 with the CAGR of 3.6% during the forecast period.
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Market Scope:
Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Segmentation:
Global Watersports Gear and Equipment Market, by Product Type
• Water Sports Clothes
• Swim Fins
• Swim Mask & Goggles
• BCD (Buoyancy Control Device)
• Watches
• Life Jackets
• Safety Helmets
• Others
According to product type, the market share for water sports clothing increased at a CAGR in 2019. According to age category, the adult segment is anticipated to see the greatest CAGR from 2019 to 2027 and account for a market share Mn by that year in the global market for water sports gear and equipment. Water sports may be done by everyone, regardless of size or body type, and they are a health-improving activity that lowers the risk for chronic diseases. As a result, there are more people participating in water sports activities, which is increasing the demand for water sports gear and equipment.
Global Watersports Gear and Equipment Market, by Age Group
• Kids
• Adult
• Geriatric
Global Watersports Gear and Equipment Market, by Distribution Channel
• Specialty Store
• Franchise Store
• Online Store
• Supermarket/Hypermarket
• Others
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Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research is used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
• Global Watersports Gear and Equipment Market, Key Players are:
• Adidas
• Mikasa
• Cressi Sub S. P. A.
• Nike
• Under Armour, Inc.
• Apollo Sports USA Inc
• Aquatec – Duton Industry Co., Ltd
• Sherwood Scuba
• Aqua Lung International
• Johnson Outdoors Inc.
• Tabata Co., Ltd.
• Mares S.p.A
• Beuchat
• O’Brien Watersports
• Oneill Retail Europe B. V
• Puma SE
• Speedo International Ltd
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Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Global Watersports Gear and Equipment Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Global Watersports Gear and Equipment Market:
End-user industries where Global Watersports Gear and Equipment Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Global Watersports Gear and Equipment Market manufacturers, influencing the development of the Global Watersports Gear and Equipment Market in 2020. End-user business demand for Global Watersports Gear and Equipment Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Global Watersports Gear and Equipment Market Report are:
- In 2021, which segment held the highest proportion of the Global Watersports Gear and Equipment Market?
- What is the Global Watersports Gear and Equipment Market’s competitive landscape?
- What are the primary drivers assisting the Global Watersports Gear and Equipment Market growth?
- Which region has the most market share in the Global Watersports Gear and Equipment Market?
- What will be the Global Watersports Gear and Equipment Market’s CAGR throughout the projected period?
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