According to the latest market research study by Technavio, the global rafting equipment market is expected to grow at a CAGR of close to 2% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global rafting equipment market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
Global protective rafting gear market: Protective rafting gear is expected to grow at the fastest rate as compared to all the other rafting supplies. The major reason for the growth of the segment is that these products are used in bulk by rafting participants and water sporting institutes.
“Apart from the need to equip rafting boats with different sizes and formats of most of the protective rafting gear products, they also require periodic replacements. These factors result in the generation of higher revenue. Moreover, the growing interest in rafting as a water sporting activity has also helped the market for rafting helmet to grow in many developing regions,” says Brijesh Kumar Choubey, a lead analyst at Technavio for research on outdoor gear.
Global rafting accessories market: The second important revenue generating segment in the rafting equipment market is the kayak equipment, which includes products like rafting paddles and dry bags. Like the inflatable rafting boats, paddles are also designed for different heights, abilities, budgets, and the kind of rafting being practiced. A dry bag keeps all valuables dry, aids to many recreational rafters buying the product for rafting purposes, thereby, aiding market growth. During the forecast period, such factors are likely to influence customer decisions while buying a paddle.
Global inflatable rafting boat market: This segment is expected to grow at a steady rate during the forecast period. The inflatable kayak is now designed such that they can be disassembled and packed into a small volume of space for easy transportation. Manufacturers are now launching advanced inflatable rafts manufactured using supported fabric. In recent years, new varieties of inflatable boats have been used for recreational and water sporting purposes on lakes, rivers, and oceans.
The top vendors operating in the global rafting equipment market are:
- HYSIDE Inflatables
The other prominent vendors in the market include AIRHEAD, Aqua Marina, Rave Sports, Vanguard Inflatables, and Wing Inflatables.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Rafting Equipment Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related report:
- Global Canoeing and Kayaking Equipment Market 2017-2021
- Global Jet Skiing Equipment Market 2017-2021
- Global Water Sports Gear and Equipment Market 2016-2020
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