The global kiteboarding equipment market is anticipated to grow at a CAGR of 6.5% during the forecast period (2022- 2028). Kiteboarding is a sport that involves the surfacing of a steerable kite on the water having excessive water. The sportsperson stands up on the surf board while being pulled by a large kite. The market is growing owing to the increasing popularity of adventure sports in all across the globe. Kiteboarding equipment generally includes kites, boards, harnesses, and other accessories. A kiteboard is a board that resembles the shape of surfboards, however, is smaller in size. The kites used for kiteboarding are made up of strong fabric connected by rods that supports in keeping them open when wind passes through them as it generates lift force enabling riders to move forward at high speed by just standing on their feet strapped to their boards. Kiteboard supports in boosting the immune system and reduces the degree of stress.
Kiteboarding is becoming popular among sportspersons and youngsters owing to its related benefits. For increasing their fitness, people are taking up outdoor activities and adventure sports which include kiteboarding. Additionally, kiteboarding equipment manufacturers are collaborating with tourism companies to expand their consumer base, and the rising participation of celebrities in this adventurous activity are some major factors driving the growth of the market. However, kiteboarding is a risky sport, with many incidents of accidents and mortality taking place which is the restraining factor for the growth of the global kiteboarding equipment market.
Some major players in the market include North Kiteboarding, Globe Kites, and F-One Kites, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in 2021, SlingShot Sports launched new kiteboarding equipment known as the SST V6 kite. The SST V6 is lighter and more streamlined with a strategic design to enhance wave-riding performance. Additionally, in 2020, F- ONE updated its various kiteboarding equipment, such as kiteboards with new vertical panel layouts. Such updates in materials and new designs have improved the profile of the company.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- North Kiteboarding, Globe Kites, and F-One Kites, among others.
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Global Kiteboarding Equipment Market Report by Segment
By Type
- Kiteboards
- Accessories
- Protective Gear
- Others
By Application
- Kids
- Teenagers
- Adults
By Distribution Channel
- Sporting Goods Retailers
- Hypermarkets and Supermarkets
- Online Retail
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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