Global Water Ski and Wakeboard Market: Overview
As water sports gain popularity, the water skis and wakeboard market will experience an increase during the forecast period of 2019 and 2029. The result of this growing popularity would result in a robust CAGR and higher value. the global water ski and wakeboard market. It also means that a plethora of market opportunities will present themselves during this period, paving the way for market players to carve out a larger share of the overall growth.
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Global water ski and wakeboard market: significant development
The global water skis and wakeboard market will see active players during the forecast period, setting new benchmarks in the market landscape that will shape the vendor landscape in a major way.
2019: Hyperlite launched a new series of wakeboards, life jackets and wakeboard boots to enhance the user experience, intensifying the competition among other players. These vests are designed to provide superior impact protection to the wearer. It is not wrong to say that the product line is an evolution of the surf line.
Some of the major players operating in the water skis and wakeboard market are;
- Airhead Sports Group
- O’Brien, Connelly Skis, Inc.
- WEVER Co., Ltd.
- Liquid force
- Master line
- HO Sports
- Water sports at full speed
One of the major determinants of market ranking for players during the forecast period is technology. Innovation will determine demand and increase competition in the market landscape.
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Global Water Skis and Wakeboard Market: Trends and Key Factors
Multiple factors at play are helping the global water ski and wakeboard market to chart a healthy graph during the forecast period. Detailed analysis may be done in the upcoming TMR Research market report during the forecast period.
- One of the major factors in the growth of the global water skis and wakeboard market is the growing popularity of water sports. According to statistics, an increase in turnout is noted from 2005 to 2018 with a magnitude of 31.8% in the UK. About 10 million people in the area are beachgoers – a 30% increase over the past four years. 17 million people are in seaports.
- The Middle East is entering the fray, developing infrastructure and promoting the initiative on a massive scale. Countries that gain attention during the period include Saudi Arabia and the United Arab Emirates. It is relevant to note here that in 2019 Abu Dhabi, Saudi Arabia got IWWF approval for the Wakeboard World Championship. In fact, ADIMSC is investing in a sports academy for wakeboarding.
Global Water Skis and Wakeboard Market: Regional Analysis
It should be noted here that North America and Europe will dominate the global water ski and wakeboard market, having long been traditional water sports areas. In addition, a number of powerful market players are offering innovative products. In addition, governments are also focusing on improving marketing initiatives and promoting the sport. It is also interesting to note here that a decent number of people are already involved in these sports activities in these regions. Disposable income levels are also quite high here, helping the regional market to follow a higher trajectory, contributing significantly to the growth of the global water skis and wakeboard market.
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