The global water sports gear market size was valued at $43.2 billion in 2019, and is projected to reach $55.2 billion by 2027, registering a CAGR of 3.6% from 2020 to 2027. Water sports gears are set of tools & apparel that are worn by a person during water sports activities. These water sports gears are used for playing water sports activities and provide protection while performing any watersport activities. These gears include wetsuits, dry suits, safety helmets, swim watch, wrist dive computer, swim mask & goggles, and others. These gears are used in the water sports games such as rafting, swimming, snorkeling, free diving, scuba diving, and others.
The water sports industry is focusing toward gear embedded with automated technology. Thus, water sports gear manufacturers are launching IOT (Internet of Things) infused new innovative water sports gear and are incorporating new features to remain competitive in the market. Thus, such factors contribute in the water sports gear market growth, in terms of value sales.
The global water sports equipment market is segmented on the basis of product type, age group, distribution channel, and region. By product type, it is classified into water sports clothes, swim fins, swim mask & goggles, BCD (buoyancy control device), watches, life jackets, safety helmets, and others. By age group, it is divided into kids, adults, and geriatric. Based on distribution channel, the water sports gear market is segregated into specialty store, franchise store, online store, supermarket/hypermarket, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Australia, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Based on product type, it is classified into water sports clothes, swim fins, swim mask & goggles, BCD (buoyancy control device), watches, life jackets, safety helmets and others. The water sports clothes segment accounted for the highest market share in 2019, growing at a CAGR of 1.95%. The water sports clothes perform different function and provide protection to the body during the water sports activities. For instance, drysuit, keeps the body warm, exclusion of water and provide protection from ultraviolet exposers, stings from marine organisms and abrasion. This in turn has driven the water sports market demand.
By Product Type
Watersports Clothes segment dominates the global market and is expected to retain its dominance throughout the forecast period.
By age group, in 2019, the adult segment accounted for the highest water sports gear market share in the global water sports gear market. Water sports activities are beneficial for health. It decreases the risk for chronic diseases and others, which attract this age group towards water sports activities. Thus, this has increased the number of participants in water sports activities, which in turn drives the demand for water sports gear in the market.
By Age Group
Kid segment is expected to grow at a highest CAGR of 4.1% during the forecast period.
By distribution channel, in 2019, the franchise store segment accounted for the highest market share in the global water sports gear market. This is because, the franchise stores offer a greater geographical presence to the manufacturers through which they expand their customer reach, making water sports gear easily accessible to the customers.
By Distribution Channel
Online Stores segment is expected to grow at a highest CAGR of 5.3% during the forecast period.
North America accounted for the highest market share in 2019. The North America water sports gear market dominates the global market, owing to increase in adoption of healthy lifestyle by the consumers that leads to increase in number of water sports enthusiasts, which in turn drives the demand for water sports gear in this region. This in turn fuels the growth of the water sports gear market in North America.
By Region
North America dominates the market and is expected to grow with a CAGR of 2.8% during the forecast period
The key players operating in the global water sports gear market focus on prominent strategies to overcome competition and maintain as well as improve their share worldwide. Some of the major players in analyzed in this report include Cressi S.p.A., Aqua Lung International, JOHNSON OUTDOORS INC., Tabata Co., Ltd., Mares S.p.A, Beuchat, O’Brien, Oneill, Puma and Speedo International.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the current water sports gear market trends, estimations, and dynamics of the global market for the period of 2020–2027 to identify the prevailing water sports gear market opportunities.
The key countries in four major regions have been mapped based on their revenue share and water sports gear market forecast.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
Major countries in each region have been mapped according to their revenue contribution to the water sports gear industry.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of market players.
The report includes the water sports gear market analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.
Water Sports Gear Market Report Highlights
| Aspects | Details |
 By Product Type |
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 By Age Group |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | JOHNSON OUTDOORS INC., AQUA LUNG INTERNATIONAL, O’Neill Retail Europe B.V., Cressi Sub S.p.A., SPEEDO International Limited, BEUCHAT INTERNATIONAL S.A.S, O’Brien Watersports, PUMA SE, MARES S.P.A,, TABATA CORPORATION |
Analyst Review
The key market players operating in the water sports gear market have adopted key developmental strategies such as product launch to fuel the demand for water sports gears in the market in terms of value sales. In addition, they have also emphasized on continuous innovations in their products to maintain a strong foothold in the market and to boost the water sports gear demand globally.
According to the key market players, the adoption of IoT and advanced technologies in water sports gear enables to offer advance functions such as tracking and monitoring players’ performance and keeping players safe from getting injured while playing. All these benefits offered by water sports gear promotes their use among the users. Moreover, the trend of participating in soft adventures and recreational activities like rafting, diving, snorkeling, and others has increased the demand for water sports gear in the market. This in turn has driven the market in terms of value sales.
However, low penetration of water sports gear in developing regions and penetration of private label brands in the market are projected to hamper the growth of the water sports gear market during the forecast period.
The global water sports gear market was valued at $43.2 billion in 2019, and is projected to reach $55.2 billion by 2027, registering a CAGR of 3.6% from 2020 to 2027
the water sports clothes segment accounted for the highest water sports gear market share in 2019, growing at a CAGR of 1.95% from 2020 to 2027
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IOT (Internet of Things) embedded and waterproof swim watch that enables swimmers and athletes to track timing, pace, distance, stroke count, number of laps, stress level, heart rate, online training logs, and others are the new trends in the water sports gear market . These accessories assists the athletes and other water sports enthusiast to monitor, track, analyze, and improve their performance boost the demand for swim watch popular among swimmers. This in turn is expected to offer immense opportunity for the smart swim watch in terms of value sales.
The global water sports gear market was valued at $43.2 billion in 2019
All the key market players in the water sports gear industry are mentioned in the AMR RD.
The company profiles have been selected based on their presence in the water sports gear industry and the geographical regions they are present in
Online platforms or e-commerce are becoming a popular medium for the purchase of sporting goods including water sports gear among the customers, owing to easy availability of water sports gear and the benefits provided by it such as the information about the product functional attribute, time-saving feature, and the facility of home delivery to the customers.
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