Surf Cat

LONDON–()–Technavio has been monitoring the kiteboarding equipment market and it is poised to grow by USD 367.01 mn during 2020-2024, progressing at a CAGR of almost 9% 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.

Although the COVID-19 pandemic continues to transform the growth of various industries, 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. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis.

Frequently Asked Questions:

• What are the major trends in the market?
  Increased participation and inclusion of kiteboarding in Olympics is a major trend driving the growth of the market
• At what rate is the market projected to grow?
  The year-over-year growth for 2020 is estimated at 7.29% and the incremental growth of the market is anticipated to be $ 367.01 mn
• Who are the top players in the market?
  Best Kiteboarding S.L., BOARDS & MORE GmbH, Cabrinhakites Inc. , F-ONE, Litewave Kiteboards, Naish International, North Kiteboarding, Pryde Group, RICCI INTERNATIONAL S.R.L, and Switch Kiteboarding, are some of the major market participants.
• What is the key market driver?
  The launch of innovative products is one of the major factors driving the market
• How big is the Europe market?
• The Europe region will contribute 50% of the market share

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Best Kiteboarding S.L., BOARDS & MORE GmbH, Cabrinhakites Inc. , F-ONE, Litewave Kiteboards, Naish International, North Kiteboarding, Pryde Group, RICCI INTERNATIONAL S.R.L, and Switch Kiteboarding are some of the major market participants. The launch of innovative products will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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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.

Kiteboarding Equipment Market 2020-2024: Segmentation

Kiteboarding Equipment Market is segmented as below:

• Product
  • Kites
  • Accessories
  • Boards
• Distribution Channel
  • Retail And Others (Distributors
  • Kiteboard Training Centers And Schools)
• Geography
  • Europe
  • North America
  • APAC
  • South America
  • MEA

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Kiteboarding Equipment Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The report covers the following areas:

• Kiteboarding Equipment Market Size
• Kiteboarding Equipment Market Trends
• Kiteboarding Equipment Market Industry Analysis

This study identifies increased participation and inclusion of kiteboarding in Olympics as one of the prime reasons driving the kiteboarding 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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