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 study on the canoe and kayak sector examines recent trends, trade laws, production analysis, value chain optimisation, market share, the effects of domestic and regional market participants, opportunities for new revenue streams, regulatory changes, strategic market growth analysis, market size, category market expansions, application niches and dominance, product approvals, product launches, and geographic trends. For additional details on the canoe and kayak market, get in touch with us. By doing market research for an analyst brief, our team will help you make an informed judgement about the market in order to achieve market growth.
Market Overview:
Kayaks and canoes are getting more and more well-liked and well-liked among tourists and sports enthusiasts everywhere. As a result, the market for canoes and kayaks is always expanding. Camps and tourism are promoting these activities and sporting events to entice guests. The global market has been expanding steadily since 2012. After then, the market expanded by 6% while boat purchases remained almost the same. The industry grew as a result of sports’ increasing appeal in developing nations, particularly those in 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.
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The majority of athletes in this sport are teenagers who also like to have fun. Numerous water sports contests were developed in order to promote this sport. Players gain many fitness-related benefits, including balance, muscle strength, endurance, and other benefits, which increases demand. The target demographic market has been seen to be changing recently. Adults, seniors, and women are increasingly enjoying canoeing and kayaking. The increased involvement of women has opened up profitable opportunities for the manufacture of colourful and aesthetically pleasing kayaks, canoes, and even their accessories.
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.
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.
