Global Kayak Market is Anticipated to Attain US$ 975.6 Million by 2031, Rising at a 3.6% CAGR: Transparency Market Research, Inc.
Increased social media influencer influence and increased health and fitness awareness are going to present vendors in the worldwide kayak market with profitable chances
Wilmington, Delaware, United States, Sept. 11, 2023 (GLOBE NEWSWIRE) -- The global market for kayaks was estimated to have acquired US$ 710.5 million in 2022. It is anticipated to advance with a 3.6% CAGR from 2023 to 2031 and by 2031, the market is likely to gain US$ 975.6 million as per a recent study by Transparency Market Research, Inc.Kayaking is a popular water activity in which the participant moves through the rivers while seated front and propelling themselves forward with a paddle stroke. Kayaks come in a variety of styles with a range of functions, including touring, whitewater, fishing, inflatable, tandem, freestyle, surf, and hybrid. For calm, flatwater environments like lakes, ponds, and slowly flowing rivers, flatwater kayaks are made.
Kayak designs have a huge role in the functions they perform. Kayaks are lightweight and simple to manage, which improves the pleasure of traveling across rivers overall. In well-known tourist spots with lakes, rivers, and coastal regions, kayak trips are the top option.
In a nutshell, the Transparency Market Research Report is essential reading for start-ups, individuals in the industry, investors, researchers, consultants, business strategists, and anyone seeking to gain insight into this particular sector. Request Sample Copy of the Report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=79616
*Market Snapshot:*
* Report Coverage* * Details*Market Revenue US$ 710.5 MnEstimated Value US$ 975.6 MnGrowth Rate - CAGR 3.6% Forecast Period 2023-2031No. of Pages 170 PagesMarket Segmentation By Type, By Seating Capacity, By Nature, By Material, By Price, By End-user, By Distribution ChannelRegions Covered North America, Europe, Asia Pacific, Middle East & Africa, South AmericaCompanies Covered Atlantis Kayaks, Galasport, Grabner, Jackson Kayak, Plastex Composite, Pyranha, Tahe Outdoors, Waka Kayaks, Wave Sport, WOOSUNG I.B, Other Key Players
*Key Findings of **the **Market Report *
· Travelers interested in exploring and kayaking on waterways are drawn to tourist sites, especially those that have lakes, rivers, and coastal regions.
· The kayak market is expanding due to the tourist industry's rise.
· People looking to enjoy outdoor activities will find kayaking to be an appealing option.
· It is the best approach for relaxing and unwinding from tension.
· Kayaking is an inexpensive and environmentally beneficial pastime, which increases its appeal and acceptability.
· A bigger audience and kayak enthusiasts from various demographics are drawn to competitive events and kayaking races by organizers throughout the world.
*Market Trends **for** Kayak**s*
· In the coastal area, where tourism is more prevalent for activities like water sports and exploration, kayaking boats are in great demand. Rising levels of disposable money, increased outdoor activity awareness, and the effect of social media platforms are driving a strong emphasis on outdoor recreational pursuits, especially kayaking.
· In 2021, 1.9% (or US$ 454.0 Bn) of the U.S. GDP was attributable to the outdoor recreation sector, based on the United States Bureau of Economic Analysis.
· This in turn shows new growth opportunities in outdoor pursuits like fishing, kayaking, and caving for leisure, increasing the market value for kayaks. The expansion of the worldwide kayak business is expected to be constrained in the next years by competition from other activities, safety issues, and a significant reliance on weather.*Direct Purchase This Premium Report at -* https://www.transparencymarketresearch.com/checkout.php?rep_id=79616<ype=S
*Kayak Market Regional Outlook*
Various reasons are propelling the growth of the kayak market in different regions. These are:
· From 2023 to 2031, North America is anticipated to hold the majority of the share. The market dynamics of the area are being fueled by the increase of persons participating in outdoor leisure activities. The development of the kayak industry in North America is also being fueled by a rising emphasis on adventure sports and the popularity of water sports, particularly kayaking competitions.
· Multiple waterways are increasing market income in the United States. New York State features over 7,500 lakes, ponds, and reservoirs as well as more than 70,000 miles of rivers and streams, in accordance with the Department of Environmental Conservation. Paddle kayaks are good choices for enjoying the outdoors. The demand for kayaks in Europe is being driven by rising disposable income and rising recreational activity awareness.
*Global Kayak Market: Key Players*
Major manufacturers are providing novel models to improve their market share for kayaks. To increase their consumer base, they are also offering rental amenities at popular tourist destinations.
Position-tracking systems, and ergonomic seating configurations, kayak manufacturers are investing in technological improvements in order to provide lightweight goods with simple accessibility.
The following companies are well-known participants in the global kayak market:
· Atlantis Kayaks
· Galasport
· Grabner
· Jackson Kayak
· Plastex Composite
· Pyranha
· Tahe Outdoors
· Waka Kayaks
· Wave Sport
· WOOSUNG I.B
· Other Key Players*Key developments in the global market for kayak are:*
*Market Player* *Year* *Key Developments*
Jackson Kayak 2023 · Jackson Kayak introduced The Flow, their latest whitewater mode.
· Every skill level of users may use it because it is light, portable, and highly maneuverable.
Pyranha 2023 · Pyranha debuted the Firecracker, their newest half-slice kayak designed for low-volume Rivers.
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*Gl**obal Kayak Market Segmentation*
*By Type*· Recreational
· Sports
*By Seating Capacity*· 1 Seater
· 2 Seater
*By Materia*l· Wood
· Rubber
· PVC
· PE
· Composite
· Others (Thermoform ABS, etc.)
*By Nature*· Rigid
· Inflatable
· Folding*By End-user*· Individual
· Commercial
*By Price*· Low
· Medium
· High*By Distribution Channel*
· Online
· Company-owned Websites
· E-commerce Websites
· Offline
· Hypermarkets / Supermarkets
· Specialty Stores
· Others
*Region*· North America
· Europe
· Asia Pacific
· Middle East & Africa
· South America*About Transparency Market Research*
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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