Water Sport Accessories Market Trends

Regionally, the global watersport accessories market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst the market in these regions, the market in North America is anticipated to garner the highest market share throughout the forecast period and also attain the largest market revenue of USD 1076.7 Million by the end of 2028, up from a revenue of USD 1058.5 Million in 2019. The market in the region is further projected to grow with a CAGR of 2.3% during the forecast period. The growth of the market in the region can primarily be attributed to the increasing interests amongst individuals in the region for different watersport activities, such as kayaking, rafting, canoeing, and others. In other statistics by the Outdoor Industry Association, in the year 2018, rate of first-time participants for whitewater kayaking registered to as 56%, whereas sea or touring kayaking registered 53%. Moreover, rafting, stand up paddling, canoeing, and recreational kayaking stood to 49%, 48%, 31% and 29% respectively.

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The market in Europe is anticipated to garner the second-leading market share and further generate a revenue of USD 671.6 Million by the end of 2028. Amongst the countries in the region, the market in Spain registered the largest market revenue of USD 122.9 Million in the year 2019, and is further expected to hold the highest market share by generating a revenue of USD 120.7 Million by the end of 2028. Alternatively, the market in Netherlands is anticipated to grow with the highest CAGR of 2.9% during the forecast period.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).