Canoeing and Kayaking Equipment Market Size , Share , Trends , Analysis and Forecasts To 2021
Market Research analysts forecast the global canoeing and kayaking equipment market to grow at a CAGR of 3.50 % during the period 2017-2021 .
The following companies as the key players in the global canoeing and kayaking equipment market : AIRE , BIC Sport , HYSIDE , NRS , and SOTAR .
Other Prominent Vendors in the market are : AIRHEAD , Aqua Marina , Ocean Kayak , Malibu Kayaks , Rave Sports , and Vanguard Inflatables .
Download Sample Report @ https :// marketreportscenter . com / request-sample / 500964
Commenting on the report , an analyst from team said : “ One trend in market is fitness benefits associated with canoeing and kayaking . While canoeing and kayaking are picking up on popularity as a water sport or an outdoor activity , the sport has also been gaining pace as an effective fitness engagement . The addition of having health benefits associated with canoeing and kayaking offers an additional dimension to the sport . Canoeing and kayaking act as an effective cardiovascular workout , and endurance training and strength training tool to build muscles in the shoulder region and arms . Balance and coordination can also be highly improved with the practice of regular rafting activities .
According to the report , one driver in market is increased adoption of canoeing and kayaking . Water sports , including scuba diving , surfing , canoeing and kayaking , and snorkeling , have become an inherent part of recreational activities in the past decade . Recently , there has been increased emphasis on water sports by various government bodies , especially tourism boards , in an attempt to increase the revenue generated from the tourism industry . Various promotional campaigns are being run by governments and tour operators in different countries , which are adding to the popularity and associated growth of the water sports industry on the whole . Changing demographics and lifestyles , along with an increase in recreational expenditures , have helped in increasing the popularity of outdoor sports .
Further , the report states that one challenge in market is high costs of canoes and kayaks leading to preference for rentals . Canoes and kayaks are relatively high priced , and this associated price with canoeing and kayaking tends to restrict the potential market growth , especially among people engaging in canoeing and kayaking casually . The average cost of quality canoes and kayaks is more than $ 1,500 , and this high cost of canoes and kayaks offered by global vendors results in a significant challenge to the renowned global vendors , as most of the end-users , especially in the developing regions of Indonesia and Cambodia , are reluctant to use such highly priced canoes and kayaks , which in turn affects the revenue of