The Global Kayak Market is valued at around USD 171 million in 2022 and is expected to reach USD 250.5 million by 2030, registering a CAGR of 3.5% over the forecast period.
This market report on the canoe and kayak industry details recent developments, trade regulations, import export analysis, production analysis, value chain optimisation, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geograp Contact us for more information on the canoe and kayak market. Our team will assist you in making an informed market decision to achieve market growth by conducting market research for an analyst brief.
Market Overview:
Canoes and kayaks are becoming more and more well-liked and popular among leisure travellers and sports lovers worldwide. As a result, the canoe and kayak markets are always growing. Such experiences and sporting events are being promoted by camps and tourism to draw visitors. Since 2012, there has been constant growth in the global market. Following that, the market experienced 6% growth while spending along similar lines on boats. The market expanded as a result of the rising popularity of sporting activities in emerging nations such those in the areas of Europe, Asia, and the APAC.
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The Kayak Market – Segmentation
The Kayak Market fragrance concentrates market has been sub-classified into product, application, distribution channels.
On the basis of products, the Kayak Market is bifurcated into:
• Rigid
• Folding
• Inflatable
• others
On the basis of applications, the market is segmented into:
• recreational
• touring
• racing activities
• others
On the basis of distribution channel, the Global Kayak Market segmented into:
• sport variety stores
• third party online channel
• direct-to-consumer channel
• modern trade channels
• Others
The Kayak Market – Key Market players
Global key players of Kayak Market include Advanced Elements, AIRE, Aqua Xtreme, Clear Blue Hawaii, Klepper Faltbootwerft, MOOVING SARL, BIC Sport, Long Haul Kayaks, Nautiraid, ORU KAYAK, TRAK Kayaks, Folding Kayaks UK, KL Outdoor LLC, Johnson Outdoors Inc., Feelfree US, LLC, Jackson Kayak, Inc. and Confluence Outdoor, LLC., and others.
The Kayak Market –Regional Analysis
North America dominated the global Kayak Market, with a 3.1% CAGR from 2023 to 2033, is expected to grow with a revenue share of more than 47% in 2023 and be the fastest-growing market for kayak. Due to a desire for thrills and adventure, water leisure sports have become extremely popular, which is advantageous for the kayak industry. The region’s kayak industry is also growing thanks to state and national kayaking competitions held by governmental organisations and sports leagues.
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Teenagers and athletes who enjoy leisure experiences are the main participants in this sport. To encourage this sport, numerous water sports competitions were started. Players experience a variety of fitness-related advantages, such as balance, muscle strength, endurance, and so forth, which raises demand. These days, it has been noticed that the target demographic market is changing. Kayaking and canoeing are becoming more and more popular among adults, seniors, and women. The growing participation of women has created a lucrative potential for the production of visually appealing and vibrant kayaks, canoes, and even their accessories.
A double-bladed paddle is often used to propel a kayak, which is a tiny, narrow boat. A covered deck and one or more cockpits with room for one paddler each characterise the conventional kayak. A double-bladed oar and a tiny boat called a kayak are used to paddle during the watersport known as kayaking. Depending on their intended purpose, the boats come in a range of shapes and sizes, but most kayaks have an enclosed deck that covers the legs. Tandem kayaks hold two people, and some boats can take three people, but most boats only hold one paddler and sit low in the water. The high price of kayaks will prevent goods from becoming more widely used. The cost of kayaks will rise as people look for lighter materials, which will have an impact on market prices and maybe reduce consumer demand. Canoeing, paddleboarding, snorkelling, and other activities are only a few examples of the varied leisure and entertainment options available to customers because there are so many different leisure and entertainment techniques. A challenge for producers is figuring out how to increase the influence of their products, especially given the existence of other marketplaces like the canoe industry.
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FAQS:
- A detailed impact analysis of COVID-19 on the Kayak market.
- In-depth statistical analysis of market size, sales volume, and revenue, segmented by product type, application, and geography.
- Comprehensive coverage of major market trends, including drivers, challenges, and opportunities.
- Identification and analysis of growth opportunities for businesses operating in the Kayak market.
- Accurate and up-to-date figures showcasing the market growth rate and projected growth trends.
- A thorough examination of the advantages and disadvantages of both direct and indirect sales channels in the Kayak market.
- Insights into the key players in the industry, including traders, distributors, and dealers, and their impact on the market.
