Kayak Accessories Market Growth, Share, Gross Ratio, Driven, Regional Outlook, Forecast
Kayak Accessories Market -Overview
The surge in the outdoor living trend is estimated to motivate the kayak accessories market. Reports created by MRFR detail the developments in the industry that can be expected in the market through the forecast period. The market is estimated to gain an income base of USD 279.6 million with a 3.85 % CAGR by 2027.
The development of the active lifestyle trend and that of movable living is estimated to create traction for the kayak accessories market in the future. The development of adventure camps of clubs is estimated to create further impetus in the kayak accessories market in the upcoming period. The improvements in the overall durability and design of kayaks are estimated to favor further growth in the kayak accessories market share in the impending period.
Competitive Analysis
The use of online channels is estimated to gain more precedence as the market comes to terms with the new business realities. The government support is estimated to have a positive scope for the development in several key areas of the global market. The market is estimated to move forward with caution due to the experiences gained during the pandemic. The surge in innovation and resynchronization of the operation and distribution cycle is estimated to create a constructive situation for the overall market's future. The rise in acquisitions and mergers is estimated to recreate an encouraging environment for the players, leading to several new product offerings. The promotion of international trade is predicted to create a promising overall effect on the market, with many companies choosing this period to test new and untapped markets. The advancement in the global distribution chains is estimated to further enrich the market's progress in the coming period.
The notable contenders in the kayak accessories market are Johnson Outdoors Inc. (US), Delta Kayaks Ltd (Canada), Eddyline Kayaks, LLC (US), Kokatat, Inc. (US), Hobie Company, Inc. (US), Northwest River Supplies (NRS) (US), Pelican International Inc. (Canada), Bending Branches (US), Confluence Outdoor (US) and Werner Paddles, Inc. (US)
Segmental Analysis
The segmentation of the kayak accessories market is carried out on the basis of product type, distribution channel and region. The product type segment of the kayak accessories market consists of paddle/paddlers, seats, bags, apparel & helmets, storage and life jackets & safety gears. The kayak accessories market segment consists of Asia Pacific, Europe, North America, and other crucial regions. The distribution channel segment of the kayak accessories market consists of non-store-based and store-based.
Detailed Regional Analysis
The regional examination of the kayak accessories market share includes regions such as Asia Pacific, Europe, North America, and other crucial regions. The North American region of the kayak accessories market growth controlled the global market in 2019. The regional transactions of kayak accessories have been climbing due to the increasing inclination for recreational sports pursuits. In addition, the mounting need for kayak accessories from foreign and national tourists is also propelling the kayak accessories market analysis in the region. Also, the speedy development of surfing contests and events is projected to add to the North American market growth during the forecast period. The Asia Pacific kayak accessories market trends is a new revenue segment for the global market. The mounting population in the nations of China and India has shaped an optimistic market for the existing companies. A high predisposition for sports activities in the youth segment and the upward approval of fishing is motivating the development of the kayak accessories market forecast in the region.
Industry Updates:
Mar 2021 Oru, the California-based company, has introduced its latest models, which double down on the feature that makes these kayaks unique and beneficial. With novel design tweaks and enhancements across almost all of its kayaks, the brand's 2021 lineup unites better performance with outstanding portability. Each of Oru's kayaks now is equipped with sturdier footrests for improved comfort and toughness and new, more inflexible floorboards that are similar to tech debuted on the Inlet, which helps them follow better on the water.
Nov 2020 Gearo, an outdoor gear marketplace, has launched the world's primary gear rental pass through their network of 200+ outdoor sellers and 75+ cities. The card gives customers a reasonable way to access thousands of rental merchandise. The groups that regulars have access to consist of kayak, snowboard, ski, bike, SUP and camp gear that are obtainable throughout the year.
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