Market - - Oct 05,2017
The demand for windsurfing equipment is quite high as a result of the popularity of this watersport among the North American population.
Windsurfing is one of the fast-growing watersports that has gained traction all across the world. However, tough safety regulations associated with this watersport are highlighting the need for being equipped with suitable windsurfing gear.
As per research analytics, the global market for windsurfing equipment is likely to deliver an adequate CAGR with revenue over US$ 450 Mn by 2022 during the period until 2022. Furthermore, the various manufacturers of windsurfing equipment ranging from surfing boards to sails continue to adapt as per the changing market of windsurfing equipment on the global scale. It has been analyzed that, the prominent features of windsurfing equipment such as improved sturdiness, long product life cycle and low replacement rate are spotted as the primary reason behind the growth of the concerned market.
Focusing on the geographical aspect, the North American region has been a star in attracting people towards this sport; therefore, pushing the market for windsurfing equipment. Dominance in the United States regarding windsurfing is working to involve more people towards surface water sports such as sailing and surfing.
The sales statistics for windsurfing equipment via stores is found out to be comparatively low. This can be attributed to the compressed availability of watersports gear at ordinary outlets. However, the franchised stores are expected to acquire the largest channel in the global windsurfing equipment market with revenue expected to reach close to US$ 100 Mn by the end of 2022. Interestingly, the e-commerce platforms for windsurfing equipment would also gain power and might cross a landmark of US$ 85 Mn in global revenues by the end of 2017.
For more information on this report visit- https://www.mrrse.com/windsurfing-equipment-report