Demand for Coolrider windsurfing boards will remain comparatively higher than other type of products available in the market. 3S windsurfing boards will also witness considerable traction in terms of sales, reflecting 4.1% CAGR through 2022.
Albany, NY -- (SBWIRE) -- 10/03/2017 -- One of the most entertaining and technically versatile water sports is windsurfing. Its popularity has been gaining traction over the past decade. To successfully windsurf, there is some basic equipment that is needed first, which makes windsurfing equipment market vastly active. Market Research Hub (MRH) has recently broadcasted a new study to its online repository, which is titled as "Windsurfing Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2022". The report of 170 pages gathers all valuable data relevant directly to the use of windsurfing equipment and how the market is expected to fare in the coming years. Additionally, it also highlights a number of drivers, restraints and opportunities that are expected to impact the market during the forecast period.
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Windsurfing is a surface water sport that combines elements of surfing and sailing. According to the findings, as windsurfing enthusiasts from around the globe continue to seek challenges by freestyling through big waves, proper windsurfing equipment becomes the sole means of their safety. A set of windsurfing equipment comprises some items common to most water sports. Stringent safety regulations associated with this watersport are instrumenting the need for being equipped with proper windsurfing gear. Notable characteristics of windsurfing equipment, such as long product life cycle, low replacement rate and improved sturdiness, are becoming the primary cause behind the moderate growth of global windsurfing equipment market.
Moreover, the analysts have estimated that global sales of windsurfing equipment are pegged to procure a little over US$ 450 Mn revenues by the end of 2022. Also, the global market for windsurfing equipment will witness a moderate CAGR during the forecast period (2017-2022). At present, manufacturers of windsurfing equipment continue to develop new boards and sails to improve the aquadynamic performance of windsurfers. In 2017, North America will remain the largest market for windsurfing equipment. Higher participation in watersports such as windsurfing across the U.S. is expected to drive the growth of windsurfing equipment market in this region.
Geographically, the report provides an inclusive analysis of the global market in the key regions such as Europe, North America, Asia-Pacific excluding Japan (APEJ), Latin America, Japan, Middle East and Africa. The next section of the report contains the brief analysis of market segmentation. Of these, market in Europe is expected to grow at a moderate pace in the next five years. The global market for windsurfing equipment has been segmented on the basis of product-type, channel, and price-range. Based on type of products, the global market is categorized into Bullitt windsurfing board, Manta windsurfing board, Coolrider windsurfing board, 3S windsurfing board, Freetime windsurfing sail, Rocket windsurfing board, Matrix windsurfing sail, Vapor windsurfing sail, Pilot windsurfing sail, and Savage windsurfing sail. Amongst, Coolrider windsurfing boards are expected to emerge as top-selling products in the global windsurfing equipment market. The market is also segmented on the basis of channels, which include sport stores, specialty stores, online and franchised stores.
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Furthermore, key players are also mentioned in the report along with their market positioning, growth strategies and recent developments. At present, leading manufacturers of windsurfing equipment include, Societe BIC, Witchcraft Windsurfing (Lajares Fuerteventura, Spain), Kai Nalu Incorporated (Haiku, USA), Drops Boards SAS (Magione PG, Italy), S.A (Cedex Clichy, France), Ricci International Srl (Grosseto Toscana, Italy), Kona Windsurfing Ab (Motala, Sweden), TABOU SURFBOARDS (France), Shriro Holdings Ltd. (Eastern District, Hong Kong), Mistral International B.V. (Wierden, Netherlands), and Point 7 International Ltd (Singapore).
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