Market Overview:
The global paddle sports equipment market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing popularity of paddle sports, especially standup paddle boarding (SUP), among consumers across the globe. In addition, the growing demand for eco-friendly and adventure-based tourism activities is also propelling the growth of this market. Based on type, the global paddle sports equipment market can be segmented into standup paddle boarding equipment, canoeing and kayaking equipment, and rafting equipment. Of these segments, SUP accounted for a major share of the overall market in 2017 and is projected to maintain its dominance during the forecast period as well. This can be attributed to its growing popularity among consumers due to its easy learning curve and health benefits such as improved cardiovascular health and strengthened muscles. On basis application paddlesports are used in three different ways: commercial competition (such as races), private entertainment (such as rental businesses or personal use by individuals), or other applications such as military training or search & rescue operations). Among these applications, commercial competition held a dominant share of over 60% in 2017 owing to increased participation by enthusiasts in organized races across different parts of world . However , private entertainment segment i s projected t o witness highest CAGR duri ng th e forecast period owing t o increasi ng demand f or recreational activiti es amon g cons umers .
Product Definition:
Paddle Sports Equipment is equipment used for paddle sports, which include kayaking and canoeing. Paddle sports are a great way to get exercise and enjoy the outdoors.
Standup Paddle Boarding Equipment:
Standup paddleboarding (SU PB) equipment is used by a person to stand on a surfboard or flat water board and use the wind or their own strength for propulsion. The sport has gained immense popularity in the last few years owing to its ease of operation, low cost of entry, and availability of excellent learning resources.
Canoeing And Kayaking Equipment:
Canoeing and kayaking equipment are used in various sports including whitewater rafting, flatwater cruising, solo/ tandem canoeing, and group canoes or kayaks. The demand for these sports is increasing owing to the advent of new water sporting activities centers across the world. Furthermore, rising health awareness among people has resulted in an increased number of fitness enthusiasts who prefer outdoor physical activities over indoor ones.
Application Insights:
The other application segment includes fitness, rehabilitation and sports medicine. The growing number of fitness enthusiasts at the global level is anticipated to boost the demand for paddle sports equipment over the forecast period. On the other hand, commercial competition is expected to remain as one of the key applications owing to its wide scope in terms of participation and promotion across various countries. Furthermore, increasing government initiatives towards promoting physical activity among children are expected to fuel demand over next seven years.
Standup paddle boarding (SUP) has been gaining popularity as a fun and easy way for people who live near oceans or lakes to exercise or have fun while reducing calories burned by taking a walk or running in place without even realizing it.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. Increasing water sports and outdoor recreational activities are driving the demand for paddle sports equipment in North America. Furthermore, presence of major companies such as NRS Holdings, Inc.; Oar Sports LLC; and Paddling Australia Limited is also contributing towards industry growth in this region. These companies are actively promoting and hosting various water based adventure activities such as whitewater rafting, kayaking, canoeing etc., which will drive industry growth further.
Asia Pacific is anticipated to be one of the fastest growing regions with a CAGR exceeding 7% from 2018 to 2030 owing to increasing awareness regarding different types of adventure sports among people aged between 18 years and 35 years old group across countries like China, Japan, South Korea & India).
Growth Factors:
- Increasing popularity of paddle sports as a recreational activity
- Growing demand for lightweight and portable paddle sports equipment
- Proliferation of online retail platforms that offer discounts on paddle sports equipment
- Introduction of innovative and technologically advanced products in the market
- Rising number of adventure tourism destinations that offer opportunities for paddle sports
Scope Of The Report
Report Attributes
Report Details
Report Title
Paddle Sports Equipment Market Research Report
By Type
Standup Paddle Boarding Equipment, Canoeing And Kayaking Equipment, Rafting Equipment
By Application
Commercial Competition, Private Entertainment, Other
By Companies
AIRE, BIC Sport, HYSIDE inflatables, NRS, SOTAR, Aqua Marina, Kwik Tek, Malibu Kayaks, Johnson Outdoors, RAVE Sports, AIRE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Paddle Sports Equipment Market Report Segments:
The global Paddle Sports Equipment market is segmented on the basis of:
Types
Standup Paddle Boarding Equipment, Canoeing And Kayaking Equipment, Rafting Equipment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Competition, Private Entertainment, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AIRE
- BIC Sport
- HYSIDE inflatables
- NRS
- SOTAR
- Aqua Marina
- Kwik Tek
- Malibu Kayaks
- Johnson Outdoors
- RAVE Sports
- AIRE
Highlights of The Paddle Sports Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Standup Paddle Boarding Equipment
- Canoeing And Kayaking Equipment
- Rafting Equipment
- By Application:
- Commercial Competition
- Private Entertainment
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Paddle Sports Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Paddle Sports Equipment is a company that manufactures and sells paddle boards, kayaks, canoes, and other water sports equipment.
Some of the key players operating in the paddle sports equipment market are AIRE, BIC Sport, HYSIDE inflatables, NRS, SOTAR, Aqua Marina, Kwik Tek, Malibu Kayaks, Johnson Outdoors, RAVE Sports, AIRE.
The paddle sports equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Paddle Sports Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Paddle Sports Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Paddle Sports Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Paddle Sports Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Paddle Sports Equipment Market Size & Forecast, 2018-2028
4.5.1 Paddle Sports Equipment Market Size and Y-o-Y Growth
4.5.2 Paddle Sports Equipment Market Absolute $ Opportunity
Chapter 5 Global Paddle Sports Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Paddle Sports Equipment Market Size Forecast by Type
5.2.1 Standup Paddle Boarding Equipment
5.2.2 Canoeing And Kayaking Equipment
5.2.3 Rafting Equipment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Paddle Sports Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Paddle Sports Equipment Market Size Forecast by Applications
6.2.1 Commercial Competition
6.2.2 Private Entertainment
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Paddle Sports Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Paddle Sports Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Paddle Sports Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Paddle Sports Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Paddle Sports Equipment Market Size Forecast by Type
9.6.1 Standup Paddle Boarding Equipment
9.6.2 Canoeing And Kayaking Equipment
9.6.3 Rafting Equipment
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Paddle Sports Equipment Market Size Forecast by Applications
9.10.1 Commercial Competition
9.10.2 Private Entertainment
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Paddle Sports Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Paddle Sports Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Paddle Sports Equipment Market Size Forecast by Type
10.6.1 Standup Paddle Boarding Equipment
10.6.2 Canoeing And Kayaking Equipment
10.6.3 Rafting Equipment
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Paddle Sports Equipment Market Size Forecast by Applications
10.10.1 Commercial Competition
10.10.2 Private Entertainment
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Paddle Sports Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Paddle Sports Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Paddle Sports Equipment Market Size Forecast by Type
11.6.1 Standup Paddle Boarding Equipment
11.6.2 Canoeing And Kayaking Equipment
11.6.3 Rafting Equipment
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Paddle Sports Equipment Market Size Forecast by Applications
11.10.1 Commercial Competition
11.10.2 Private Entertainment
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Paddle Sports Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Paddle Sports Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Paddle Sports Equipment Market Size Forecast by Type
12.6.1 Standup Paddle Boarding Equipment
12.6.2 Canoeing And Kayaking Equipment
12.6.3 Rafting Equipment
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Paddle Sports Equipment Market Size Forecast by Applications
12.10.1 Commercial Competition
12.10.2 Private Entertainment
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Paddle Sports Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Paddle Sports Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Paddle Sports Equipment Market Size Forecast by Type
13.6.1 Standup Paddle Boarding Equipment
13.6.2 Canoeing And Kayaking Equipment
13.6.3 Rafting Equipment
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Paddle Sports Equipment Market Size Forecast by Applications
13.10.1 Commercial Competition
13.10.2 Private Entertainment
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Paddle Sports Equipment Market: Competitive Dashboard
14.2 Global Paddle Sports Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AIRE
14.3.2 BIC Sport
14.3.3 HYSIDE inflatables
14.3.4 NRS
14.3.5 SOTAR
14.3.6 Aqua Marina
14.3.7 Kwik Tek
14.3.8 Malibu Kayaks
14.3.9 Johnson Outdoors
14.3.10 RAVE Sports
14.3.11 AIRE
