Global Kiteboarding Equipment Market - Increased participation & inclusion of kiteboarding in the Olympics to Boost Market | 5.97% Y-O-Y Growth Rate in 2021 |Technavio

The increased participation and inclusion of kiteboarding in the Olympics will be a significant factor in driving the growth of the kiteboarding equipment market. The participation in kiteboarding events and competitions such as Central American & Caribbean Games, GKA Surf World Cup Canary Islands, Open World Championships, Hempel Sailing World Championships, KiteSpeed World Championships, and GKA Surf World Cup Mauritius is increasing. The inclusion of kiteboarding in the 2018 Buenos Aires Youth Olympic Games (YOG), has further boosted the popularity of the sport and consequently boost the demand for kiteboarding equipment during the forecast period.

The launch of innovative products, which is one of the critical kiteboarding equipment market trends, will help riders in improving their performance and safety. Market vendors are launching innovative and ergonomically designed equipment such as bars, locks, harnesses, kites, and boards to enhance the safety of kiteboarding equipment. Click-In Loop, a new release system developed by OZONE, has easy-activated and reloading features that prevent kiteboarding accidents.

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Company Profiles

 The kiteboarding equipment market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Some of the companies covered in this report are Best Kiteboarding, BOARDS & MORE GmbH, Cabrinhakites Inc., F-ONE, Litewave Kiteboards, Naish International, North Kiteboarding, Pryde Group, RICCI INTERNATIONAL S.R.L, and Switch Kiteboarding, etc.

Competitive Analysis

The report includes the competitive analysis which analyzes and evaluates the position of companies based on their industry position and market performance. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

• By product, the market is classified into kites, accessories, and boards. The kites segment will contribute majorly to the market growth during the forecast period. Kites are generally made of ripstop nylon fabric and polyester using improved steaming and stitching techniques by interconnecting various small parts or components. Some market vendors are developing fabrics that offer high strength, tear resistance, longevity, and UV protection.
• By geography, the market is classified as Europe, North America, APAC, South America, and MEA. Europe will have the largest share of the market. 48% of the market's growth will originate from Europe during the forecast period. Germany, France, and Italy are the key markets for kiteboarding equipment in Europe. Market growth in this region will be faster than the growth of the market in MEA and North America. The rising popularity of kiteboarding and the presence of established vendors will facilitate the kiteboarding equipment market growth in Europe over the forecast period.
•  By Distribution channel, the market has been classified into retail and others.

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Kiteboarding Equipment Market Scope

Key Topics Covered:

Executive Summary

Market Landscape

• Market ecosystem

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

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 condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Kites - Market size and forecast 2020 -2025
• Accessories - Market size and forecast 2020 -2025
• Boards - Market size and forecast 2020 -2025
• Market opportunity by Product

Market Segmentation by Distribution channel

• Market segments
• Comparison by Distribution channel
• Retail - Market size and forecast 2020 -2025
• Others - Market size and forecast 2020 -2025
• Market opportunity by Distribution channel

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2020 -2025
• North America - Market size and forecast 2020 -2025
• APAC - Market size and forecast 2020 -2025
• South America - Market size and forecast 2020 -2025
• MEA - Market size and forecast 2020 -2025
• Key leading countries
• Market opportunity by geography
• Volume driver - Demand led growth
• Volume driver - External factors
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Best Kiteboarding 
• BOARDS & MORE GmbH
• Cabrinhakites Inc. 
• F-ONE
• Litewave Kiteboards
• Naish International
• North Kiteboarding
• Pryde Group
• RICCI INTERNATIONAL S.R.L
• Switch Kiteboarding

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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