Wakeboarding Equipment Market to Grow by 12% in 2020, Airhead Sports Group and Boardriders Inc. Emerge as Key Contributors to Growth | Technavio
Technavio has been monitoring the global wakeboarding equipment market and it is poised to grow by USD 1.14 billion during 2020-2024, progressing at a CAGR of almost 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low on the wakeboarding equipment market. The market growth in 2020 is likely to compared to the market growth in 2019.
Frequently Asked Questions:
Based on segmentation by products, which is the leading segment in the market?
Protective gear segment led the growth of the market in 2019.
What are the major trends in the market?
The increase in the demand for eco-friendly wakeboarding equipment is a key trend in the market.
At what rate is the market projected to grow?
The market is expected to grow at a CAGR of almost 12% during the forecast period.
Who are the top players in the market?
Airhead Sports Group, Boardriders Inc., BuyWake.com, Connelly Skis LLC, Dongguan Yongsheng Lifesaving Equipment Co. Ltd., HO SPORTS COMPANY LLC, Motion Sports LLC, RAVE Sports, Ronix Wakeboards, and Slingshot Sports LLC are some of the major market participants.
What are the key market drivers?
The growing popularity and subsequent adoption of wakeboarding will offer immense growth opportunities.
How big is the North America market?
The market in North America is expected to grow by 53% during the forecast period.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Airhead Sports Group, Boardriders Inc., BuyWake.com, Connelly Skis LLC, Dongguan Yongsheng Lifesaving Equipment Co. Ltd., HO SPORTS COMPANY LLC, Motion Sports LLC, RAVE Sports, Ronix Wakeboards, and Slingshot Sports LLC are some of the major market participants. The growing popularity and subsequent adoption of wakeboarding will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this wakeboarding equipment market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The wakeboarding equipment market report covers the following areas:
Wakeboarding Equipment Market Size
Wakeboarding Equipment Market Trends
Wakeboarding Equipment Market Industry Analysis
This study identifies the increase in the demand for eco-friendly wakeboarding equipment as one of the prime reasons driving the Wakeboarding Equipment Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist wakeboarding equipment market growth during the next five years
Estimation of the wakeboarding equipment market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the wakeboarding equipment market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of wakeboarding equipment market vendors
Table of Contents:
Executive Summary
Market Overview
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Product
Market segments
Comparison by Product
Protective gears - Market size and forecast 2019-2024
Wakeboards - Market size and forecast 2019-2024
Clothing - Market size and forecast 2019-2024
Other accessories - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Distribution channel
Market segments
Comparison by Distribution channel
Sporting goods retailers - Market size and forecast 2019-2024
Online retail - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Distribution channel
Customer landscape
Overview
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Airhead Sports Group
Boardriders Inc.
BuyWake.com
Connelly Skis LLC
Dongguan Yongsheng Lifesaving Equipment Co. Ltd.
HO SPORTS COMPANY LLC
Motion Sports LLC
RAVE Sports
Ronix Wakeboards
Slingshot Sports LLC
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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