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.
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Technavio has announced its latest market research report titled Global Kiteboarding Equipment Market 2020-2024 (Graphic: Business Wire).
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, 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. COVID-19 will have a low impact on the kiteboarding equipment market. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions:
What are the major trends in the market?
Increased participation and inclusion of kiteboarding in the Olympics is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The market will accelerate at a CAGR of almost 9% 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 to 50% of the market share.
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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. In a bid to help players strengthen their market foothold, this kiteboarding equipment market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
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:
Retail And Others (Distributors
Kiteboard Training Centers And Schools)
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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 kiteboarding equipment market 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 the 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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Kiteboarding Equipment Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist kiteboarding equipment market growth during the next five years
Estimation of the kiteboarding equipment market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the kiteboarding equipment market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of kiteboarding equipment market vendors
Table of Contents:
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
Kites - Market size and forecast 2019-2024
Accessories - Market size and forecast 2019-2024
Boards - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Distribution channel
Comparison by Distribution channel
Retail - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Distribution channel
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Volume driver - Demand led growth
Volume driver - External factors
Market positioning of vendors
Best Kiteboarding S.L.
BOARDS & MORE GmbH
RICCI INTERNATIONAL S.R.L
Scope of the report
Currency conversion rates for US$
List of abbreviations
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201119005960/en/