Global In-the-water Sports Equipment Market 2017-2021
About In-The-Water Sports Equipment
In-the-water sports equipment include gear and equipment for three types of sports — swimming, water polo, and water aerobics. The growth of this market can be attributed to the increasing interest for water tourism, including in-the-water sports activities. The sport is governed by the Fédération Internationale de Natation Amateur (FINA).
Technavio’s analysts forecast the global in-the-water sports equipment market to grow at a CAGR of 5.69% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global in-the-water sports equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated through the sale of in-the-water sports equipment to individual consumers across the globe in 2016.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global In-The-Water Sports Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global in-the-water sports equipment market: Adidas, Arena, Mikasa, Nike, and Speedo International.
Other Prominent Vendors in the market are: Baden, Billabong, KAP7, Turbo, and Under Armour.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is greater popularity of in-the-water sports. In-the-water sports, especially swimming and water polo, have been popular sports at the Olympic Games. Swimming has a history of being a part of every modern Summer Olympics. Women have also been allowed to participate in the sport since 1912. It is considered the third-most popular Olympic sport after track and field athletics and gymnastics.”
According to the report, one of the major drivers for this market is technological advances in in-the-water sports equipment. The rise in the launch of innovative water sports equipment including in-the-water sports equipment is expected to contribute to the growth of the market during the forecast period. The key competitors in the market are innovating their products in terms of design, color, shape, and weight to meet the needs of individual consumers.
Further, the report states that one of the major factors hindering the growth of this market is strict regulations on high-tech swimsuits. High-tech swimsuits are those swimsuits that are made up of scientifically-advanced fabrics and materials such as nylon composites and spandex. These swimsuits were being used in swimming competitions as they help reduce the resistance that normal fabrics have against water.
Adidas, Arena, Mikasa, Nike, Speedo International, Baden, Billabong, KAP7, Turbo, Under Armour.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook