Friday, 30 July 2021 05:24 GMT

Wakeboarding Equipment Market Key Drivers & on-going Trends Forecast 2018 2028

(MENAFN - iCrowdNewsWire)The popularity of extreme sports has grown significantly in this decade, which has, in turn, led to the growth of related industries including wakeboard equipment.

The growing popularity of wakeboarding has increased the demand for wakeboarding equipment. There has been a sudden spurt  in the population of sports enthusiasts globally, which has catalyzed the wakeboarding equipment demand.

North America has been the largest wakeboarding equipment market but, in the recent past, there has been an increase in the demand from Asia Pacific and Europe. The wakeboarding equipment revenues have been multiplying at over 10% annually.

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Distribution challenge for wakeboarding equipment market

The development of sales channels has been a challenge for the wakeboarding equipment manufacturers. The key sales channels for wakeboarding equipment include sports retailers, departmental stores, hypermarkets and supermarkets, and online retail.

The density of sports retailers is low in the emerging countries, which is a challenge for the wakeboard manufacturers.

The online purchase of wakeboarding equipment is surging due to which the key vendors are focusing on the development of this channel.

Important doubts related to the Wakeboarding Equipment Market clarified in the report:

  • Which regional market is expected to witness the highest growth during the forecast period?
  • How has the surging prices of raw materials during the COVID-19 pandemic impacted the growth of the Wakeboarding Equipment market?
  • Why are market players focusing on R & D and innovations?
  • Are market players expanding their global presence? If yes, how?
  • Report regional analysis includes:

    • North America
    • Europe
    • MEA
    • East Asia (Japan, China, South Korea)
    • South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest)
    • Oceania (Australia, New Zealand)
    • Latin America
    • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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    Fairly competitive wakeboarding equipment market

    The competition is moderate in the wakeboarding equipment market. The key wakeboarding equipment market players are focusing on expanding their operations in the unexplored territories.

    The key vendors offering wakeboarding equipment include Eyson Lifesaving Equipment, Hyperlite, O’Brien and Ronix. Other key vendors in the wakeboarding equipment market include Airhead, Billabong, Body Glove, Cressi, Dive Rite, Jetpilot, Jobe, Rave Sports, and Slingshot.

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    • Current Trends/Issues/Challenges
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    Competitive landscape

    • Strategies of key players and Products offered
    • Potential and niche segments, geographical regions exhibiting promising growth
    • A neutral perspective on market performance
    • Must-have information for market players to sustain and enhance their market footprint

    Highlights from the Report

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    • Detailed segmentation of the target market
    • Historical, current and forecast market size based on value and volume
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    • Competition landscape
    • Strategies adopted by the market players and product developments made
    • Potential and niche segments, along with their regional analysis
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    • Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

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