Kneeboards Market Forecast and Opportunity Assessment till 2026
The Kneeboards Market is segmented by Application (Adult, Children), Distribution Channel (Online Sale, Offline Sale), and Region (North America, Europe, Asia-Pacific, and the Rest of the World). The historic years considered for the study are 2016-2019, the base year is 2020, and the forecast period is 2021-2026.
What are kneeboards?
Kneeboards are designed to ride a short surfboard or wakeboard in a kneeling position. It is a unique water sport and a recreational activity. Kneeboarding requires lesser physical skills as compared to other water sports such as wakeboarding or surfing. Kneeboarding is more popular among novices and children, who are yet to get introduced to various water sports.
Segment Analysis
Distribution Channel Trends
The kneeboards market has been bifurcated into online sales and offline sales. Under these, the offline sales segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the increasing number of people visiting offline stores to buy kneeboards.
Regional Trends
The market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is primarily attributed to the high popularity of water sports coupled with the presence of key market players such as O’Brien (US) and Connelly (US). The market growth in the Asia-Pacific region is expected to be driven by the increasing popularity of water sports in developing countries particularly China and India coupled with the rising per capita disposable income of the consumers.
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