ID: MRFR/CR/8878-HCR | February 2021 | Region: Global | 90 pages
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.
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.
Kayaking activities improve aerobic fitness, strength, and flexibility.
By Product Type
By Distribution Channel
|Market Size||USD 279.6 Million|
|CAGR||3.85% (2020 to 2027)|
|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||