Kayak Accessories Market Research Report - Global Forecast till 2027

Global Kayak Accessories Market Research Report: Information By Product Type (Seats; Paddle/Paddlers; Apparels & Helmets; Storage Bags; Life Jackets & Safety Gears; and Others), Distribution Channel (Store-Based [Supermarkets & Hypermarkets, Specialty Stores and Others] and Non-Store-Based) and Region (North America, Asia-Pacific, Europe, and the Rest of the World) - Forecast till 2027

ID: MRFR/CR/8878-HCR | February 2021 | Region: Global | 90 pages

Please note that the assessment period of report has been updated from 2019-2027 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario


Global Kayak Accessories Market size is projected to reach approximately USD 279.6 million by 2027, at a CAGR of 3.85% from 2020 to 2027. Kayaking is a hugely popular recreational or adventure water sport that is loved by people of all ages. Kayaks in modern times are used for a wide range of activities such as fishing, diving, white-water kayaking, wilderness exploration, touring, rescue operations (during floods), play-boating or freestyle, and racing. Kayaks and kayak accessories are engineered with materials as per the intended purpose of the Kayak.  The growing popularity of different Kayak activities is majorly driving the sales of kayak accessories across the world. However, a growing number of drowning incidences may hinder the market growth during the forecast period.


The impact of COVID-19 has directly affected the distribution and sales of different products across industries. Many countries are under lockdown and have sealed their borders to curb the spread of the virus. The impact of COVID-19 on logistics has disrupted the supply of raw materials, which has further resulted in reduced production capacity and, thus, product shortages. These factors are expected to cause a price rise in kayak accessories in the short run. Moreover, different governments around the world are limiting access to public gathering spaces, including lakes, ponds, seashores, and parks, to control the spread of the virus. Due to this scenario, kayaking activities are halted or reduced in various countries leading to hindered sales of kayaking accessories globally. However, the gradual relaxation of government norms will encourage consumers to restart recreational activities and increase the sales of kayaking accessories in the near future. 


Market Synopsis


The global kayak accessories market has witnessed steady growth in recent years. The increasing importance of physical fitness of consumers and growing popularity of kayaking activities have boosted the global kayaking accessories market in 2019. Kayak accessories cover the need for aesthetics, feel, safety, and purpose while kayaking. They are available based on different activities such as fishing, diving, and wilderness exploration. However, the growing incidences of drowning may hinder the market growth during the forecast period. Market players such as Bending Branches and Northwest River Supplies are offering heat-reflecting materials into their layering, shirts, pants, and outerwear to help keep the body temperature regulated in varying weather conditions. These factors are expected to positively impact market growth during the forecast period.


Market USP


Kayaking activities improve aerobic fitness, strength, and flexibility.


Market Drivers



  • Launch of innovative products: Witnessing the rising demand for kayak accessories, market players are investing in R&D to introduce innovative technology and improve the material of the accessories. For instance, market players, including Everything Kayak, produce kayak accessories that are light in weight and are weather-proof. Also, inflatable kayaks are gaining immense popularity, which is further aiding the product demand around the world. The launch of new and innovative products is creating traction among consumers, which is driving market growth across the globe.

  • Convenient usage

  • Effective marketing strategies

  • Growth of the organized retail sector in developing countries


Market Restraints



  • Low Durability over Free Weights


Segmentation


By Product Type



  • Seats

  • Paddle/Paddlers

  • Apparels & Helmets: This segment accounted for the largest market share in 2019 and is projected to register the highest growth rate during the forecast period. Kayak apparels include a diverse range of clothing and footwear collection such as layering shirts and pants, paddling shorts, boots, wet/dry suits, gloves, hats, and socks. The growing importance of aesthetic appeal while kayaking is expected to fuel the market growth during the forecast period. The launch of innovative apparel with comfortable and functional materials is expected to drive the segmental growth with the highest rate during the forecast period.

  • Storage Bags

  • Life Jackets & Safety gears

  • Others


By Distribution Channel



  • Store-Based: Majority of the kayak accessories are sold through store-based retailers since stores offer the facility of touch and feel followed by a product demonstration. This segment has been further divided into supermarkets & hypermarkets, specialty stores, and others. The supermarkets & hypermarkets segment dominated the market in 2019.

  • Non-Store-Based


By Region



  • North America: North America dominated the global kayak accessories market in 2019. The regional sales of kayak accessories have been soaring owing to the growing inclination for recreational sports activities. In addition, growing demand for kayak accessories from overseas and domestic tourists is also driving the market in the region. Additionally, the rapid growth of surfing championships and events is expected to aid to the regional market growth during the forecast period.

  • Europe:

  • Asia-Pacific: Asia-Pacific is a new revenue pocket for the global kayak accessories market. The growing population in China and India has created an opportunistic market for the existing players. A high inclination for sports activities among the youth and the growing popularity of fishing is driving the growth of the market in the region.

  • Rest of the World


Key Players



  • Bending Branches (US)

  • Delta Kayaks Ltd (Canada)

  • Eddyline Kayaks, LLC (US)

  • Hobie Company, Inc. (US)

  • Kokatat, Inc. (US)

  • Northwest River Supplies (NRS) (US)

  • Johnson Outdoors Inc. (US)

  • Pelican International Inc. (Canada)

  • Confluence Outdoor (US)

  • Werner Paddles, Inc. (US)



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 279.6 Million
  CAGR   3.85% (2020 to 2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product Type and Distribution Channel
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Bending Branches (US), Delta Kayaks Ltd (Canada), Eddyline Kayaks, LLC (US), Hobie Company, Inc. (US), Kokatat, Inc. (US), Northwest River Supplies (NRS) (US), Johnson Outdoors Inc. (US), Pelican International Inc. (Canada), Confluence Outdoor (US), Werner Paddles, Inc. (US)
  Key Market Opportunities   The increasing importance of physical fitness of consumers and growing popularity of kayaking activities have boosted the global kayaking accessories market
  Key Market Drivers

  • Launch of innovative products
  • Convenient usage
  • Effective marketing strategies
  • Growth of the organized retail sector in developing countries