Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Water Sports Type (Surfing, Scuba Diving, Jet Ski, Snorkelling, Kite Boarding, Canoeing & Kayaking, Rafting, Parasailing), By Age (18-30 Years, 31-50 Years, Under 18 Years, Above 50 Years), By Gender (Male, Female) And Competitive Landscape
Product Code: ETC078209 | Publication Date: Mar 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Europe water sports equipment market is witnessing an increasing popularity of stand-up paddle boarding. Stand-up paddle boarding (SUP) has emerged as a popular water sport in Europe, leading to a surge in demand for SUP boards and accessories such as paddles and fins. Additionally, wakeboarding and waterskiing are also gaining popularity in Europe, particularly in countries such as Germany, Austria, and Switzerland. This is driving the demand for wakeboards, waterskis, and related accessories. Further, the manufacturers are introducing new and innovative water sports equipment to cater to the evolving demands of customers. For example, advanced materials such as carbon fibre are being used to make lightweight and durable equipment. Moreover, there is a growing focus on sustainability in the water sports equipment market, with manufacturers exploring eco-friendly materials and production processes. This trend is being driven by the increasing awareness among customers about environmental issues and the need to reduce their carbon footprint.
Europe water sports equipment industry is experiencing several technological innovations. Technological advancements are driving innovation in the water sports equipment industry. For example, there were new materials and manufacturing techniques being used to create lighter, stronger, and more durable equipment. Additionally, online sales channels are becoming increasingly important in the water sports equipment market, as customers prefer the convenience of shopping online. This has led to the growth of online retailers specializing in water sports equipment, as well as established retailers are expanding their online presence to enhance their market share. Moreover, the COVID-19 pandemic has had a significant impact on the European water sports equipment market. Due to the restrictions on travel and social distancing measures, many water sports businesses have experienced a decline in sales and revenue. The pandemic has also led to the cancellation of major events, such as water sports competitions and trade shows, which have had a negative impact on the market. However, there has been an increase in demand for water sports equipment, particularly for activities that can be done in open water and in areas closer to home, such as stand-up paddle boarding, kayaking, and windsurfing. As a result, some water sports equipment manufacturers have been able to pivot their business strategies and focus on these areas to mitigate the negative impact of the pandemic.
Europe water sports equipment marketΒ is expected to witness growth over the upcoming years. The key aspects boosting the demand for water sports equipment are a rising prevalence of obesity owing to a hectic and modern lifestyle and rising health and wellness awareness among the female population in Europe. Also, a hectic modern lifestyle along with a growing intake of high-calorie processed food, and prolonged desk-bound jobs are primary reasons for the boosting prevalence of obesity among the population in Europe, which is, in turn, propelling the demand for water sports equipment to improve the quality of life. The Water Sports Equipment sector may show a reduction of around a fifth to a quarter depending on the scenario (lower: 21.5%; medium: 23.1%; higher: 26.7%) when compared to a hypothetical no-COVID reference scenario.
According to 6Wresearch, the Europe Water Sports Equipment Market size is anticipated to register growth during 2021-2027. One of the primary hindrances to the growth of the water sports equipment market in Europe is the cumulative time spent on the internet, video games, and other related non-physical activities involvement of the younger generation that is reducing their interest in physical sports. This trend has reduced the demand for water sports equipment and products in Europe and is one of the main aspects hampering the growth of the Europe water sports equipment market.
Europe water sports equipment market is segmented into water sports type, age and gender. Based on water sports type, the water sports equipment market is categorized into Surfing, Scuba Diving, Jet Ski, Snorkeling, Kite Boarding, Canoeing & Kayaking, Rafting and Parasailing. In terms of age, the water sports equipment market is categorized into 18-30 Years, 31-50 Years, under 18 Years, and Above 50 Years. Out of which the 18-30 Years segment accounted for the highest water sports equipment market share.
Europe Water sports equipment marketΒ report thoroughly covers the market by water sports type, age, gender and key countries including the United Kingdom, France, Germany, Russia and the rest of Europe. Europe Water sports equipment market outlook report provides an unbiased and detailed analysis of the ongoing water sports equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Market Report includes the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Water Sports Equipment Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Water Sports Equipment Market Revenues & Volume, 2020 & 2027F |
3.3 Europe Water Sports Equipment Market - Industry Life Cycle |
3.4 Europe Water Sports Equipment Market - Porter's Five Forces |
3.5 Europe Water Sports Equipment Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Europe Water Sports Equipment Market Revenues & Volume Share, By Water Sports Type, 2020 & 2027F |
3.7 Europe Water Sports Equipment Market Revenues & Volume Share, By Age, 2020 & 2027F |
3.8 Europe Water Sports Equipment Market Revenues & Volume Share, By Gender, 2020 & 2027F |
4 Europe Water Sports Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Water Sports Equipment Market Trends |
6 Europe Water Sports Equipment Market, 2017 - 2027 |
6.1 Europe Water Sports Equipment Market, Revenues & Volume, By Water Sports Type, 2017 - 2027 |
6.2 Europe Water Sports Equipment Market, Revenues & Volume, By Age, 2017 - 2027 |
6.3 Europe Water Sports Equipment Market, Revenues & Volume, By Gender, 2017 - 2027 |
7 Germany Water Sports Equipment Market, 2017 - 2027 |
7.1 Germany Water Sports Equipment Market, Revenues & Volume, By Water Sports Type, 2017 - 2027 |
7.2 Germany Water Sports Equipment Market, Revenues & Volume, By Age, 2017 - 2027 |
7.3 Germany Water Sports Equipment Market, Revenues & Volume, By Gender, 2017 - 2027 |
8 United Kingdom Water Sports Equipment Market, 2017 - 2027 |
8.1 United Kingdom Water Sports Equipment Market, Revenues & Volume, By Water Sports Type, 2017 - 2027 |
8.2 United Kingdom Water Sports Equipment Market, Revenues & Volume, By Age, 2017 - 2027 |
8.3 United Kingdom Water Sports Equipment Market, Revenues & Volume, By Gender, 2017 - 2027 |
9 France Water Sports Equipment Market, 2017 - 2027 |
9.1 France Water Sports Equipment Market, Revenues & Volume, By Water Sports Type, 2017 - 2027 |
9.2 France Water Sports Equipment Market, Revenues & Volume, By Age, 2017 - 2027 |
9.3 France Water Sports Equipment Market, Revenues & Volume, By Gender, 2017 - 2027 |
10 Italy Water Sports Equipment Market, 2017 - 2027 |
10.1 Italy Water Sports Equipment Market, Revenues & Volume, By Water Sports Type, 2017 - 2027 |
10.2 Italy Water Sports Equipment Market, Revenues & Volume, By Age, 2017 - 2027 |
10.3 Italy Water Sports Equipment Market, Revenues & Volume, By Gender, 2017 - 2027 |
11 Russia Water Sports Equipment Market, 2017 - 2027 |
11.1 Russia Water Sports Equipment Market, Revenues & Volume, By Water Sports Type, 2017 - 2027 |
11.2 Russia Water Sports Equipment Market, Revenues & Volume, By Age, 2017 - 2027 |
11.3 Russia Water Sports Equipment Market, Revenues & Volume, By Gender, 2017 - 2027 |
12 Spain Water Sports Equipment Market, 2017 - 2027 |
12.1 Spain Water Sports Equipment Market, Revenues & Volume, By Water Sports Type, 2017 - 2027 |
12.2 Spain Water Sports Equipment Market, Revenues & Volume, By Age, 2017 - 2027 |
12.3 Spain Water Sports Equipment Market, Revenues & Volume, By Gender, 2017 - 2027 |
13 Rest of Europe Water Sports Equipment Market, 2017 - 2027 |
13.1 Rest of Europe Water Sports Equipment Market, Revenues & Volume, By Water Sports Type, 2017 - 2027 |
13.2 Rest of Europe Water Sports Equipment Market, Revenues & Volume, By Age, 2017 - 2027 |
13.3 Rest of Europe Water Sports Equipment Market, Revenues & Volume, By Gender, 2017 - 2027 |
14 Europe Water Sports Equipment Market Key Performance Indicators |
15 Europe Water Sports Equipment Market - Opportunity Assessment |
15.1 Europe Water Sports Equipment Market Opportunity Assessment, By Countries, 2020 & 2027F |
15.2 Europe Water Sports Equipment Market Opportunity Assessment, By Water Sports Type, 2020 & 2027F |
15.3 Europe Water Sports Equipment Market Opportunity Assessment, By Age, 2020 & 2027F |
15.4 Europe Water Sports Equipment Market Opportunity Assessment, By Gender, 2020 & 2027F |
16 Europe Water Sports Equipment Market - Competitive Landscape |
16.1 Europe Water Sports Equipment Market Revenue Share, By Companies, 2020 |
16.2 Europe Water Sports Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |