3% CAGR in the water sports equipment market



Key Water sports equipment market Highlights of the report:

  1. Market growth 2020-2025: $ 4.39 billion
  2. Growth dynamics and CAGR: Accelerate to a CAGR of around 3%
  3. YoY growth (%): 1.66%
  4. Efficient contribution to the market: North America at 44%
  5. Main consumer countries: United States, United Kingdom, France, China, Canada

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Regional market analysis

North America will register the highest growth rate of 44% among other regions. Hence, the water sports equipment market in North America is expected to generate significant business opportunities for suppliers during the forecast period. The United States and Canada are the key markets for the water sports equipment market in North America.

  • The participation rate in water sports is the highest among millennials and is around 20%. Generation Y is followed by Generation Z, with an average participation rate of around 29%. Popular water sports in the area are canoeing, fishing, kayaking, rafting, sailing, scuba diving, snorkeling, water polo, stand-up paddleboarding, surfing, skiing nautical and wakeboarding.
  • The water sports equipment market will also increase due to the increasing relaxation of foreclosure regulations and the opening of sports clubs, water sports events and the like. This will drive the need for water sports equipment and accessories, which will simultaneously boost the market during the forecast period.

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Key Suppliers and Supplier Strategies

adidas AG, Arena SPA, Baden Sports Inc., Boardriders Inc., KAP7 International, Mikasa Corp., Nike Inc., Pentland Brands Ltd., Turbo Swim and Under Armor Inc., among others, are some of the major suppliers of the Water sports equipment market.

  • The business segments of adidas AG include footwear, clothing and hardware. The company offers women’s swimwear, men’s briefs, goggles and others.
  • Arena SPA offers swimwear, equipment, sportswear and more for women, men, girls and boys. The company also offers running swimsuits, training swimsuits, fitness swimsuits, beach wear, eyewear, caps and others.
  • Baden Sports Inc. offers water polo sports equipment which has always been used by sports champions.

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Main market drivers

Our analysts have described in detail the insights into key market drivers and their impact on the Water Sports Equipment market.

  • Technological advances in water sports equipment:
    • Increased launch of innovative water sports equipment including water sports equipment is expected to help the market growth during the forecast period. The main competitors in the market are innovating their products in terms of design, color, shape and weight to meet the needs of individual consumers. The demand for water sports equipment is increasing as the number of beginners transitioning to seasoned recreational water sports enthusiasts increases. Thus, many manufacturers of water sports equipment are offering new, lightweight and advanced equipment to meet their needs. Some examples of technologically advanced swimsuits include thermal swimsuits and UV-resistant swimsuits.

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Scope of the water sports equipment market

Cover of the report


Page number


Year of reference


Forecast period


Growth dynamics and CAGR

Accelerate to a 3% CAGR

Market growth 2021-2025

$ 4.39 billion

Market structure


Annual growth (%)


Regional analysis

North America, Europe, APAC, South America and MEA

Efficient contribution to the market

North America at 44%

Main consumer countries

United States, United Kingdom, China, France and Canada

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

adidas AG, Arena SPA, Baden Sports Inc., Boardriders Inc., KAP7 International, Mikasa Corp., Nike Inc., Pentland Brands Ltd., Turbo Swim and Under Armor Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period,


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