Global Kiteboarding Equipment Market, By Type (Kiteboards, Accessories, Protective Gear and Others), Distribution Channel (Online and Offline) - Industry Trends and Forecast to 2030.
Kiteboarding Equipment Market Analysis and Size
Kiteboarding is a popular recreational activity in countries with large bodies of water. Kiteboarding has experienced an increase in popularity over the last few years all around the world. Many individuals are participating in activities such as outdoor and adventure sports, such as kiteboarding. The kiteboarding equipment business is fuelled by people's growing disposable money and their desire for adventure. People are becoming more inclined to spend money on leisure activities. Models, actors, and athletes enjoy kiteboarding because it allows them to stay in shape.
Data Bridge Market Research analyses that the global kiteboarding equipment market which was USD 378.40 million in 2022, is expected to reach USD 885.51 million by 2030, and is expected to undergo a CAGR of 10.2% during the forecast period of 2023 to 2030. “Kiteboards” dominates the type segment of the global kiteboarding equipment market as they are fundamental to the sport, and every kiteboarder, whether a beginner or advanced rider, requires one. This inherent necessity ensures a consistent demand for kiteboards. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Kiteboarding Equipment Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type (Kiteboards, Accessories, Protective Gear and Others), Distribution Channel (Online and Offline)
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and the Rest of Middle East and Africa
|
|
Market Players Covered
|
F-One Kites (France), GoPro (U.S.), North Kiteboarding (Austria), Litewave Designs (U.S.), GoFoil (U.S.), Roberto Ricci Designs (Italy), Hyperflex Wetsuits (U.S.), Peter Lynn Kiteboarding (New Zealand), Cabrinha (U.S.), F-ONE (France), Naish International (U.S.), Slingshot Sports (U.S.), Airush Kiteboarding (New Zealand), Liquid Force Kiteboarding (U.S.), and CrazyFly (Czech Republic)
|
|
Market Opportunities
|
|
Market Definition
Kiteboarding equipment refers to the essential gear and accessories required for the exhilarating water sport of kiteboarding, also known as kitesurfing. It typically includes a kite, control bar, harness, board, lines, and safety systems. Kiteboarding equipment is designed to harness the power of the wind, allowing riders to propel themselves across the water's surface or into the air. The kite, controlled by the rider, generates lift and propulsion as it catches the wind. Kiteboarding is popular for recreational purposes, extreme sports enthusiasts, and competitive events, offering diverse applications ranging from freestyle tricks and wave riding to long-distance cruising and racing, making it a versatile and thrilling water activity.
Global Kiteboarding Equipment Market Dynamics
Drivers
- Increasing Water Sports Participation
Growing interest in water sports, including kiteboarding, is a major driver of the global kiteboarding equipment market. Enthusiasts seeking adventure and outdoor experiences are attracted to kiteboarding, boosting demand for specialized gear. As more people discover the sport's appeal, the market is expanding.
- Rising technological advancements:
Ongoing technological innovations in kiteboarding equipment are driving market growth. Manufacturers are continually enhancing product materials, designs, and safety features, improving performance and user experience.
- Growth of Global Tourism
The thriving tourism industry, particularly in coastal and beachfront destinations, is fostering the global kiteboarding equipment market. Tourists often seek kiteboarding experiences during their vacations, creating a substantial rental and sales market for equipment. This trend is prominent in regions such as the Caribbean, Southeast Asia, and the Mediterranean.
Opportunities
- Sustainability Emphasis of the Market
The global trend toward sustainability presents an opportunity for kiteboarding equipment manufacturers to develop eco-friendly materials and production processes. This can cater to environmentally conscious consumers and align with sustainability goals, potentially expanding market reach.
- Expansion of E-Commerce
The proliferation of e-commerce platforms offers an opportunity for kiteboarding equipment companies to reach a wider global audience. Online sales channels provide convenience and accessibility, enabling companies to tap into emerging markets and cater to remote areas.
Restraints/ Challenges
- High Initial Cost
The cost of kiteboarding equipment can be a significant barrier for newcomers to the sport. High upfront expenses for kites, boards, and safety gear can deter potential participants. Manufacturers need to address pricing concerns to encourage market growth.
- Dependence on Weather Conditions
Kiteboarding heavily relies on wind conditions. Inconsistent or unfavorable weather can limit the sport's accessibility and lead to reduced demand for equipment. Market players must contend with the inherent weather-related volatility.
- Concerns Regarding Safety
Safety remains a critical challenge in the kiteboarding equipment market. Accidents and injuries can occur due to inexperience or equipment failure. Manufacturers must continually improve safety features and provide comprehensive training to mitigate risks.
This global kiteboarding equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized 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, geographic expansions, technological innovations in the market. To gain more info on the global kiteboarding equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In June 2022, Aluula Composites Inc., a pioneer in advanced materials technology, has unveiled a groundbreaking innovation for the Global Kiteboarding Equipment Market. Leveraging proprietary UHMWPE fabrics and a patented fusion process with polymer films, Aluula has introduced ultra-strong yet lightweight composite materials. These materials boast eight times the strength-to-weight ratio of steel, surpassing nylon, polyester, or aramid. The technology not only enhances kiteboarding equipment performance but also endows it with exceptional durability against sun exposure and beach conditions
Global Kiteboarding Equipment Market Scope
The global kiteboarding equipment market is segmented on the basis of type, and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Kiteboards
- Accessories
- Protective Gear
- Others
Distribution Channel
- Online
- Offline
Global Kiteboarding Equipment Market Regional Analysis/Insights
The global kiteboarding equipment market is analysed and market size insights and trends are provided by product type, and sales channel are referenced above.
The countries covered in the global kiteboarding equipment market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America in South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific in Asia-Pacific, and U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and the Rest of the Middle East and Africa in Middle East and Africa
North America dominates the global kiteboarding equipment market because of a strong kiteboarding community due to favourable wind conditions and accessible coastline.
Asia-Pacific is expected to witness the fastest growth in the global kiteboarding equipment market during the forecast period of 2023 to 2030, due to growing interest in water sports, improved accessibility, and the region's favorable wind and coastal conditions.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and global Kiteboarding equipment Market Share Analysis
The global kiteboarding equipment market competitive landscape provides details by competitors. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global kiteboarding equipment market.
Some of the major players operating in the global kiteboarding equipment market are:
- F-One Kites (France)
- GoPro (U.S.)
- North Kiteboarding (Austria)
- Litewave Designs (U.S.)
- GoFoil (U.S.)
- Roberto Ricci Designs (Italy)
- Hyperflex Wetsuits (U.S.)
- Peter Lynn Kiteboarding (New Zealand)
- Cabrinha (U.S.)
- F-ONE (France)
- Naish International (U.S.)
- Slingshot Sports (U.S.)
- Airush Kiteboarding (New Zealand)
- Liquid Force Kiteboarding (U.S.)
- CrazyFly (Czech Republic)
SKU-