Inflatable Kayaks Market Size, Share, Growth, And Industry Analysis, By Type (1 Person Inflatable Kayak, 2 Person Inflatable Kayak, 3 Person Inflatable Kayak), By Application (General Recreation, Fishing, Other Applications), Regional Forecast

Updated On: 13 November 2023

INFLATABLE KAYAKS MARKET REPORT OVERVIEW 

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The global inflatable kayaks market size expanded rapidly in 2022. The global COVID-19 pandemic has been unprecedented and staggering, with the inflatable kayaks market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to generate substantial revenue by 2028, a robust CAGR during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Inflatable kayaks are filled with air. They are frequently composed of rubber or PVC which may be expanded by hand or with a pump. They are compact and simple to travel, which makes them an appealing alternative for kayakers who don't want to struggle with the inconvenience of transporting a regular hard-shell kayak. Inflatable kayaks are also less expensive than regular hard-shell kayaks.

COVID-19 Impact: Severe Restrictions to Deplete Market Growth

Because of the COVID-19 epidemic, demand for the kayaks decreased significantly, as did innovation. The application of severe at-home standards depleted the activities in most region thus limiting the inflatable kayaks market growth. Everything from office meetings to school and college classes to having to shop for daily needs was done online, resulting in an increase in the use of smartphones, PCs, tablets, and related services. Demand for the kayaks decreased as more people needed to stay at home unless and until its necessary to go out.

Latest Trends

"Increasing Disposable Income to Intensify Market Magnification"

A 3-person inflatable kayaks can fit up to three people. These kayaks are ideal for recreational pursuits like fishing and many other water sports. They are also trendy among visitors who wish to travel throughout the world without carrying around their equipment.

In 2019, the recreational segment had an inflatable kayaks market share of more than 70.0%. Increasing disposable income and tourism are boosting the amount of leisure activities, which is likely to enhance interest for kayaks globally. Additional uses include river rafting, sea-surfing and surfing lifesaving training, and patrols when participants require boats that can carry sufficient supplies such as food. These factors have combined to propel the inflatable kayaks market.

INFLATABLE KAYAKS MARKET SEGMENTATION 

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• By Type Analysis

According to type, the market can be segmented into 1 person inflatable kayak, 2 person inflatable kayak, 3 person inflatable kayak

1-person inflatable kayak is the leading part of the type segment

• By Application Analysis

According to application, the market can be segmented into general recreation, fishing, other applications

General recreation is the leading part of the application segment

Driving Factors

"Utilization in Wide Range of Configurations to Boost Market Share"

1-person inflatable kayaks combine an inner and outer hull. It combines the benefits from both kinds of boats, resulting in something more secure and comfortable for users. The product is made utilizing high-quality PVC films which are water-resistant and sturdy enough just to endure punctures and splits. These qualities make a single-person inflatable kayak exceptionally robust; they can be utilized in a variety of configurations without causing harm to the boats or its components. Therefore, will boost up the inflatable kayaks market share.

"Recreational Reasons to Expand Market Forwarding"

A two-person inflatable kayaks are a cross around boats and canoes that was created utilizing cutting-edge technology. It is largely used for recreational reasons such as fishing, whitewater rafting, and river cruise, among others. The two-person inflatable kayak has various advantages over traditional boats, including more stability when being pushed by wave or river currents, making the boat easier to steer than conventional boats.

Restraining Factors

"Difficulty in Using the Color to Deplete Market Advancement"

This is likely the most common issue expressed by the owners. Because they are intended to be tucked up while not being utilized, they are prone to microbial contamination if not thoroughly cleaned and dried after each usage. Unfortunately, inflatable kayaks are more affected by weather than most other types of kayaks. This is primarily due to their smaller mass and the feature that they sit slightly high above the water when compared to rotomolded kayaks. A kayak with a wider reach will capture more wind and be more prone to blow off, which is unavoidable with inflatable kayaks. This is why, if they are to be ridden out on windy days, they necessitate very strong paddlers.  The above-mentioned features will hinder the market from advancing during the forecasted period.

INFLATABLE KAYAKS MARKET REGIONAL INSIGHTS 

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"Increasing Product Uptake to Foster Market Growth in Asia Pacific"

In terms of revenue share, Asia Pacific dominated the market globally. The region market is predicted to expand due to increased product uptake among tourists and anglers. Increasing awareness of the advantages of inflatable kayaks in leisure activities is also expected to drive demand during the forecast time frame. Furthermore, rise in popularity among adventurous sports enthusiasts and fishers is expected to boost growth during the predicted period. Increased consumer interest in fitness training programs, together with rising health consciousness, will drive demand during the projected years of 2022 to 2030.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Advanced Element (U.S.)
• Sevylor (France)
• Aqua Xtreme (U.S.)
• Gumotex boats (U.S.)
• Sea Eagle (U.S.)
• Aquaglide (U.S.)
• TRAK Kayaks (U.S.)

Report Coverage

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.