Global Hydro-flyers Market 2017-2021
A hydro-flyer is a device that uses the water jet propulsion technology to create continual flight, wherein the movement and lift are controlled by the user. Hydro-flyers use the power of water to propel a flyer to soaring heights. The global on-the-water sports gear and equipment market is expected to grow at a relatively faster rate than the other product segments of the global water sports gear and equipment market.
Technavio’s analysts forecast the global hydro-flyers market to grow at a CAGR of 3.06% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global hydro-flyers market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hydro-flyers Market 2017-2021
Technavio recognizes the following companies as the key players in the global hydro-flyers market: DEFY WaterFlight, FlyDive, Stratospheric Industries, and Zapata.
Other Prominent Vendors in the market are: Body Glove, Dive Rite, Jetavation, Johnson Outdoors, and Cressi.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is introduction of novel water sports activities. Owing to the growing interest and participation in water sports activities, several novel water sports are being introduced. Among these sports, jet-powered hoverboards and inflatable catapults are garnering more interest.”
According to the report, one driver in the market is innovations in product technology. Innovations in product technology are driving the global hydro-flyers market. Various vendors in the market are offering hydro-flyers with advanced technologies. The increasing number of launches of innovative water sports equipment is a key factor that is expected to significantly contribute to the market's growth during the forecast period. Competitors are now focused on the introduction of innovative product offerings with respect to design, color, shape, and weight to meet the needs of individual consumers.
Further, the report states that one challenge in the market is high price of hydro-flyers leading to preference for rentals. Hydro-flyers are relatively priced high, which tends to restrict potential market growth, especially among individuals engaging in flyboarding for recreational purposes. The average cost of quality hydro-flyers is more than $4,000, which restricts the large-scale adoption of hydro-flyers among individual consumers. In addition, most of the customers, especially in countries such as Indonesia and Cambodia, are not willing to use such high-priced hydro-flyers. This, in turn, affects the revenue of the global hydro-flyers market.
DEFY WaterFlight, FlyDive, Stratospheric Industries, Zapata, Body Glove, Dive Rite, Jetavation, Johnson Outdoors, and Cressi.