NEW YORK, Aug. 29, 2022 /PRNewswire/ — The in-the-water sports equipment market size is set to grow by USD 5.78 billion from 2021 to 2026, progressing at a CAGR of 3.91% during the forecast period, according to Technavio. The key factor driving growth in the in-the-water sports equipment market is the technological advances in water sports equipment. The key competitors in the market are innovating their products in terms of design, color, shape, and weight to meet the needs of individual consumers. The demand for water sports equipment is increasing as the number of beginners transitioning to seasoned recreational water sports enthusiasts is rising. Thus, many water sports equipment manufacturers are offering new lightweight and advanced equipment to cater to their requirements. The increased awareness of the benefits of leading a healthy lifestyle, which will further propel the growth of the global in-water sports equipment market during the forecast period.
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In-the-Water Sports Equipment Market 2022-2026: Scope
- In-the-Water Sports Equipment Market size
- In-the-Water Sports Equipment Market trends
- In-the-Water Sports Equipment Market industry analysis
In-the-Water Sports Equipment Market 2022-2026: Vendor Analysis
The in-the-water sports equipment market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. adidas AG, Aqua Lung International, Arena Spa, BEUCHAT INTERNATIONAL SAS, Boardriders Inc., Apollo Sports USABillabong, Cressi Sub Spa, Johnson Outdoors Inc., KAP7 International, Mares Spa, Mikasa Corp., Nike Inc., Obrien, Pentland Brands Ltd., Speedo International Ltd, Turbo Swim, and Under Armour Inc. are some of the major market participants.
- Adidas AG – The company offers IT monitoring tools such as system monitoring, dependency monitoring, and integrated and API monitoring.
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In-the-Water Sports Equipment Market 2022-2026: Segmentation Analysis
- Sports Gear
- Sports Apparel
- Water Aerobics
- Water Polo
- Distribution channel
- North America
- South America
- The Middle East And Africa
- Revenue Generating Segment – The in-the-water sports equipment market share growth in the sports gear segment will be significant for revenue generation. The water sporting gear segment is expected to gain pace in the coming years with the rising popularity of different types of water sporting activities and the reopening of water sports events, clubs, and amusement parks after the pandemic.
- Regional Highlights – 45% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for in-the-water sports equipment in North America. Market growth in this region will be faster than the growth of the market in the European, APAC, and MEA regions. The promotional campaigns and initiatives and high participation rate in water sports will facilitate the in-the-water sports equipment market growth in North America over the forecast period.
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In-the-Water Sports Equipment Market 2022-2026: Key Highlights
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist in-the-water sports equipment market growth during the next five years
- Estimation of the in-the-water sports equipment market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the in-the-water sports equipment market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of in-the-water sports equipment market vendors
The competitive scenario provided in the In-the-Water Sports Equipment Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our In-the-Water Sports Equipment Market Forecast Report – Buy Now!