According to the latest market research study by Technavio, the global in-the-water sports equipment market is expected to grow at a CAGR of close to 6% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global in-the-water sports 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 sports type
Source: Technavio
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Global swimming equipment market: The swimwear segment is one of the fastest-growing segment of the global swimming equipment market. The growing interest in swimming as a leisure activity, as a sport, and as an exercise, is expected to fuel the growth of the market at a favorable rate during the forecast period.
“The global swimming equipment market is growing across the globe. The market is driven by strong growth in the Americas, owing to the rising popularity of swimming as a healthy exercise. The increasing rate of participation in water sports is also driving the growth of the market,” says Brijesh Choubey, a lead analyst at Technavio.
Besides, China is a key leading country in the world due to the rising number of swimming facilities and the government’s promotion of swimming as a sport. Key vendors in the swimwear market are focusing on innovations and unique styles in swimwear lines like the moderate swimwear.
Global water polo equipment market: For promoting the sport, various schools in the US and other countries have included water polo in their extra-curricular activities. Moreover, USA Water Polo is making substantial efforts to make more youth water polo programs available in the US. Besides this, several water polo associations in other countries are taking steps to promote the sport. Such initiatives are anticipated to boost the market for the global water polo equipment.
Global water aerobics equipment market: Other than common forms of water aerobics such as water yoga being practiced, new forms of water aerobics are also being increasingly adopted, such as aqua cycling and water pole dancing. The market for water aerobics equipment is projected to gain traction during the forecast period owing to the increasing interest in this innovative form of exercise.
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The top vendors operating in the global in-the-water sports equipment market are:
- Adidas
- Arena
- Mikasa
- Nike
- Speedo International
The other prominent vendors in the market include Baden, Billabong, KAP7, Turbo, and Under Armour.
A more detailed analysis is available in the Technavio report titled, ‘Global in-the-water sports equipment Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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