KAYAK ACCESSORIES MARKET REPORT OVERVIEW
-
Request a Free Sample to learn more about this report
The global kayak accessories market size was USD 164.2 million in 2020 and will touch USD 214 million by 2027, exhibiting a CAGR of 3.9% during the forecast period.
The kayak accessories market is witnessing steady growth as kayaking gains popularity worldwide. Key factors driving the market include the increasing adoption of kayaking as a recreational activity, rising interest in outdoor sports, and a growing awareness of fitness benefits associated with kayaking. The market offers a diverse range of accessories, including paddles, life jackets, kayak storage solutions, fishing gear attachments, and navigation equipment. Technological advancements in materials and design contribute to the development of lightweight and durable accessories. Additionally, a surge in eco-friendly and sustainable products aligns with the growing environmental consciousness among consumers. The market is characterized by the presence of both established players and niche manufacturers, providing consumers with a wide array of options to enhance their kayaking experience.
COVID19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions
The global COVID19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The COVID-19 pandemic has had a mixed impact on the kayak accessories market. While initial disruptions in the supply chain and manufacturing processes were observed, there has been a subsequent surge in demand as outdoor recreational activities gained prominence amid social distancing measures. The increased interest in individual sports and outdoor adventures led to a boost in kayak accessory sales. However, economic uncertainties and lockdowns initially hindered consumer spending. The market has shown resilience through adapting to changing consumer preferences, emphasizing e-commerce channels, and addressing safety concerns. Overall, the pandemic has brought challenges and opportunities to the kayak accessories market.
LATEST TREND
"Sustainable Innovations Paddling Towards Eco-Friendly Kayak Accessories"
A notable trend in the kayak accessories market is the increasing emphasis on sustainability. Manufacturers are adopting eco-friendly materials, such as recycled plastics and biodegradable components, to address environmental concerns. Consumers are showing a growing preference for accessories that minimize their ecological footprint. This trend not only aligns with the broader shift towards sustainability but also reflects a conscious effort within the industry to contribute positively to environmental conservation. As a result, companies are not only focusing on functionality and design but also incorporating eco-conscious practices to attract environmentally-aware consumers in the evolving landscape of outdoor recreation.
KAYAK ACCESSORIES MARKET SEGMENTATION
-
Request a Free Sample to learn more about this report
- By Type
Based on type the global market can be categorized into Paddle, PFD, Seat, Fishing Accessory, Other
Paddle: Essential for propulsion, kayak paddles come in various materials and designs, ensuring efficient manoeuvrability and comfortable strokes.
PFD (Personal Flotation Device): A life-saving accessory, PFDs provide buoyancy, ensuring safety during kayaking by keeping users afloat in water.
Seat: Ergonomic kayak seats enhance comfort, support posture, and reduce fatigue during paddling, enhancing the overall kayaking experience.
Fishing Accessory: Tailored for anglers, fishing accessories include rod holders, tackle storage, and fish finders, optimizing kayaks for a successful fishing expedition.
Other: Diverse kayak accessories range from waterproof storage solutions and navigation tools to safety gear, catering to specific preferences and needs.
- By Application
Based on application the global market can be categorized into Flat Water Kayaks, Whitewater Kayaks, Sea Kayaks.
Flat Water Kayaks: Designed for calm waters like lakes and ponds, these kayaks offer stability and ease for recreational paddling experiences.
White water Kayaks: Manoeuvrable and durable, white water kayaks are built for turbulent rivers, providing control and agility for navigating challenging rapids.
Sea Kayaks: Long, streamlined, and equipped for open water, sea kayaks ensure stability, speed, and storage for extended coastal or offshore adventures.
DRIVING FACTOR
"Outdoor Recreation Boom Adding To Drive Market Growth"
The surge in outdoor recreational activities is a driving factor propelling the kayak accessories market. With a growing interest in health-conscious lifestyles and the desire for adventure, kayaking has become a popular choice. This trend is fuelled by individuals seeking to connect with nature, engage in physical exercise, and explore waterways. As more people embrace outdoor activities, there is a heightened demand for quality kayak accessories, including paddles, safety gear, and storage solutions, driving innovation and growth in the market.
"E-commerce Expansion to Propel the Market Growth"
The rapid expansion of e-commerce platforms significantly impacts the kayak accessories market. Online retail offers consumers convenient access to a wide range of products, enabling them to compare features, read reviews, and make informed purchase decisions. E-commerce facilitates the reach of specialized kayak accessory manufacturers to a global audience, overcoming geographical limitations. Additionally, the shift towards online sales during the COVID-19 pandemic has accelerated this trend. The convenience of online shopping, coupled with diverse product offerings and competitive pricing, contributes to the market's expansion, shaping consumer behaviour and market dynamics.
RESTRAINING FACTOR
"Supply Chain Disruptions to Hinder the Market Growth"
A significant restraining factor for the kayak accessories market is the vulnerability to supply chain disruptions. Global events such as the COVID-19 pandemic have exposed the industry's dependence on complex and interconnected supply networks. Disruptions in the production and transportation of raw materials can lead to delays in manufacturing and product availability. These disruptions not only affect the timely delivery of kayak accessories to consumers but also impact the ability of manufacturers to meet increasing demand. Managing and mitigating these supply chain challenges becomes crucial for sustained market growth and customer satisfaction in the kayak accessories industry.
KAYAK ACCESSORIES MARKET REGIONAL INSIGHTS
-
Request a Free Sample to learn more about this report
"North America to Dominate the Market due to Presence of a Large Consumer Base"
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America and Middle East & Africa.
North America dominates the kayak accessories market growth due to a robust culture of outdoor recreation and water sports. The United States and Canada showcase a high prevalence of kayaking enthusiasts, engaging in diverse activities like recreational paddling, whitewater adventures, and sea kayaking. The region's vast network of rivers, lakes, and coastal areas contributes to a strong demand for quality kayak accessories. Furthermore, the presence of established manufacturers, a well-developed retail infrastructure, and a culture that values outdoor experiences drive the market's prominence in North America.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through Innovation and Market Expansion"
Leading industry players are significantly influencing the kayak accessories market through innovative product offerings and strategic market expansion. Established companies such as Yakima, Thule Group, and Bending Branches are driving innovation by introducing lightweight, durable materials and ergonomic designs in paddles, roof racks, and storage solutions. Moreover, these players focus on sustainability, incorporating eco-friendly materials to align with evolving consumer preferences. Market expansion is evident through mergers, acquisitions, and partnerships, allowing companies like Johnson Outdoors, Inc. and Confluence Outdoor to broaden their product portfolios. E-commerce is a pivotal channel for market reach, with players like REI and Amazon providing platforms for diverse kayak accessory offerings. These industry leaders play a crucial role in shaping market trends, meeting consumer demands, and ensuring the continual growth and evolution of the kayak accessories industry.
List of Market Players Profiled
- Hiko Sport s.r.o. (Czech Republic)
- North Water (Canada)
- Aquadesign (France)
- Peak UK Kayaking (U.K.)
- Advanced Elements (U.S.)
- ROTOMOD (France)
- Klepper Lifestyle GmbH (Germany)
- Aire (U.S.)
- Feelfree US (U.S.)
- SEAFLO (China)
INDUSTRIAL DEVELOPMENT
January 2022: One major industrial development in the kayak accessories market is the integration of smart technology. Accessories such as GPS-enabled navigation systems, fish finders, and wireless connectivity options have transformed the kayaking experience. These innovations enhance safety, navigation, and overall enjoyment for enthusiasts. Additionally, advancements in materials science have led to the development of lightweight yet durable accessories, improving performance without sacrificing quality. This integration of technology and material advancements reflects the industry's commitment to meeting evolving consumer needs and enhancing the adventure of kayaking in both recreational and professional settings.
REPORT COVERAGE
The kayak accessories market share presents a dynamic landscape shaped by a combination of factors, including technological innovation, increasing environmental consciousness, and strategic market expansion. The industry has experienced substantial growth, fueled by a surge in outdoor recreational activities and a growing interest in water sports. Key players have responded to consumer demands for high-performance, sustainable products, leading to the incorporation of advanced materials and eco-friendly designs. E-commerce has emerged as a pivotal avenue for market reach, providing a convenient platform for consumers to access a diverse range of kayak accessories. As the market continues to evolve, collaboration, innovation, and a focus on sustainability are expected to be key drivers, ensuring the continued growth and competitiveness of the kayak accessories industry on a global scale.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 164.2 Million in 2020 |
Market Size Value By |
US$ 214 Million by 2027 |
Growth Rate |
CAGR of 3.9% from 2020 to 2027 |
Forecast Period |
2022-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
-
What value is kayak accessories market expected to touch by 2027?
The kayak accessories market is expected to reach USD 214 million by2027.
-
What CAGR is the kayak accessories market expected to exhibit by 2027?
The kayak accessories market is expected to exhibit a CAGR of 3.9% by 2027.
-
Which are the driving factors of the kayak accessories market?
The driving force behind the kayak accessories market is the increasing popularity of outdoor recreation and water sports, fostering demand for innovative, sustainable, and high-performance accessories globally.
-
What are the kayak accessories market segments?
The kayak accessories market segmentation that you should be aware of, which include, Based on type Paddle, PFD, Seat, Fishing Accessory, Other. Based on application Flat Water Kayaks, Whitewater Kayaks, Sea Kayaks.
