Global Portable Kayaks Market 2017-2021
About Portable Kayaks
The portable kayaks market is the part of the paddle sports equipment market. The soft adventure sporting goods market, especially the paddle sports market holds great potential globally. It is mainly driven by the growing interest of consumers in outdoor recreational activities and the availability of a wide range of paddle sports equipment. In addition, the global tourism industry also encapsulates water sports among the various activities available for domestic and international tourists.
Technavio’s analysts forecast the global Portable Kayaksmarket to grow at a CAGR of 4.63% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global Portable Kayaks market for 2017-2021. To calculate the market size, the report considers the new manufacturer sales of non-powered portable kayaks. The scope only includes inflatable, and foldable kayaks sold for sports, and recreation, and does not include inflatable/folding kayaks made to military specifications, or for any other application.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Portable Kayaks Market 2017-2021
Technavio recognizes the following companies as the key players in the global portable kayaks market: Advanced Elements, AIRE, Aqua Xtreme, Clear Blue Hawaii, and KLEPPER Faltbootwerft.
Other Prominent Vendors in the market are: MOOVING SARL, BIC Sport, Long Haul Kayaks, Nautiraid, ORU KAYAK, Point65 Sweden, TRAK Kayaks, Folding Kayaks UK, and ZEBEC.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is use of new innovative raw materials for manufacturing kayaks. The use of different materials that make portable kayaks stiff and lightweight is trending in the market. Various manufacturers in the market use materials such as polyvinyl chloride (PVC), Hypalon, nitrylon, and others like polyethylene, fiberglass, and para-aramid synthetic fiber. The kayaks are manufactured through different processes like thermoforming and rotational molding. Nitrylon is puncture-and abrasion-resistant. It is the lamination of natural rubber and nitrile synthetic rubber over a 1,200-denier and low stretch polyester fabric.”
According to the report, one of the major drivers for this market is premiumization through product innovation. Many vendors in the market focus on developing advanced product designs and technologies that enable premium pricing. The vendors in the market integrate innovative and customizable features in portable kayaks. This is expected to drive the market during the forecast period. Various players in the market are developing portable kayaks with patented designs. These innovative portable kayaks are durable and deliver high performance. Vendors are also innovating lightweight kayaks. For instance, Advanced Elements, a key vendor in the market, offers PACKLITE KAYAK: AE3021 kayak that weighs four pounds and three chambers for optimum safety. It also has Twistlok and military-style valves for easy inflation.
Further, the report states that one of the major factors hindering the growth of this market is growing preference for kayaks rental and fragmented nature of the market. Participation in outdoor activities has increased. Hence, rental centers in cities that offer kayaking equipment have become popular. These centers enable customers to choose from a wide range of kayak brands. These centers also help end-users choose proper kayaks in consideration with their requirements and the water body the rider chooses to practice the sport This is particularly high in regions where customers have low purchasing power and low availability of kayak equipment. Therefore, amateur customers who do not frequently practice kayaking prefer rental shops over stores of well-known brands.
Advanced Elements, AIRE, Aqua Xtreme, Clear Blue Hawaii, and KLEPPER Faltbootwerft.Other Prominent Vendors in the market are: MOOVING SARL, BIC Sport, Long Haul Kayaks, Nautiraid, ORU KAYAK, Point65 Sweden, TRAK Kayaks, Folding Kayaks UK, and ZEBEC.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook