Technavio, a tech-focused market research firm, has published a new report on the global flyboarding equipment market, which is expected to grow at a CAGR of around 3% during the forecast period, 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global flyboarding equipment market into the following key regions: the Americas, Europe, and ROW.
Source: Technavio
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Top three contributors for the global flyboarding equipment market are elaborated below
Flyboarding equipment market in the Americas: According to Technavio’s market analysis, the Americas is projected to be the fastest-growing segment of the global flyboarding equipment market. Increased participation in water sports among millennials is the fundamental driving force behind the demand for flyboarding equipment in the Americas.
According to Brijesh Choubey, a lead analyst at Technavio, specializing in research on outdoor gear, “The Surfing America’s comprehensive plan for the growth of the flyboarding in the US includes the development of the North America Flyboard Championships, along with the creation of two regional qualifying events and requirements. This will then enable the participants to become a member of the 2017 US flyboarding team.”
Flyboarding equipment market in Europe: France and Germany are the leading revenue contributors in Europe. Apart from the aforementioned countries, Turkey, Italy, Spain, and Belgium offer major water sporting sites. The projected increase in demand for water tourism is expected to foster the growth of the flyboarding equipment market in Europe over the next four years.
Flyboarding equipment market in ROW: The market in APAC is a fast-growing one. South Korea and Australia are key markets for water sports in the region. A few other prominent countries in the region that have significant contribution toward the overall market’s revenue are Indonesia, Hong Kong, Taiwan, Thailand, and Singapore.
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The top vendors operating in the global flyboarding equipment market are:
- Adidas
- DEFY WaterFlight
- FlyDive
- Stratospheric Industries
- Zapata Racing
Other prominent vendors in the market include Billabong, Body Glove, Dive Rite, Johnson Outdoors, and Cressi.
A more detailed analysis is available in the Technavio report titled, ‘Global Flyboarding Equipment Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global In-the-water Sports Equipment Market 2017-2021
- Global Water Polo Equipment Market 2016-2020
- Global Canoeing and Kayaking Equipment Market 2017-2021
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