Kiteboarding Equipment Market Size, Share, Growth, Trends, Global Industry Analysis, By Type (Kiteboards, Accessories, Protective Gear & Other), By Application (Sporting Goods Retailers, Hypermarkets and Supermarkets, Online Retail & Other), Regional Forecast From 2024 To 2032

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KITEBOARDING EQUIPMENT MARKET REPORT OVERVIEW

The global kiteboarding equipment market size was USD 0.98 billion in 2023 and is projected to touch USD 1.55 billion by 2032, exhibiting a CAGR of 6.76% during the forecast period.

Kites, boards, harnesses, and other accessories are the most common components of kiteboarding equipment. A kiteboard is a smaller version of a surfboard with a shape similar to a surfboard. It can be made from wood or even plastic and has carbon fiber masts attached, allowing surfers to easily steer themselves on rivers and other large bodies of water. When wind blows through kites used for kiteboarding, it creates lift force that allows riders to move forward at high speed by simply standing on their feet while strapped to their boards. Kites are made of sturdy fabric connected by rods that help keep them open when wind passes through them.

The additional gear used in conjunction with kites and kiteboards in order to increase the fun and excitement of the sport is known as kiteboarding equipment accessories. Leashes, bars, pumps, and harnesses are a few of these accessories. They assist in ensuring the rider's safety as they perform various tricks on the board. To prevent the kiteboard from straying too far during a fall, leashes are used to secure it to the rider's ankles or wrists. Depending on the weight and strength of the user, bars that connect the kite lines to the kite itself are available in various sizes. Quick kite inflation and deflation is made possible by pumps, and during vigorous movements, harnesses keep riders fastened to their boards.

COVID-19 Impact: Industry Shutdown Causes Market Distortion

The global COVID-19 pandemic has been unprecedented and staggering, with the kiteboarding equipment experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 outbreak caused unstable markets, a drop in consumer confidence, and problems with import and export commerce for producers of machinery and equipment. Markets were shuttered as a result of the lockdown, and many people stayed inside. Supply chain breaches, stock market inefficiencies, and vendor instability are results of this evolution. The market as a whole was impacted by the shutdown of the machinery and equipment industry. Because there was no longer a market for the product, equipment became obsolete as those markets closed. In order to maintain stability amidst the disruptions, organizations were forced to redesign their entire operational structures as a result of the pandemic. The financial imbalance brought on by the closure of numerous stores and significant sectors was the primary factor that distorted the entire market. In addition, the outbreak has a negative impact on the business operations of the enterprises, which affects the market as a whole. The kiteboarding equipment industry has been somewhat impacted by this.

LATEST TRENDS

"Innovation of New Product to Boost the Market Growth"

The development of new products is the main trend driving the market. The growth of the global market will be fueled by novel product introductions that improve end-user safety. Vendors are introducing new kiteboarding accessories like bars, locks, harnesses, kites, and boards that are safer and more user-friendly than more traditional accessories. For instance, the Click-In Loop release system from OZONE is based on the same idea as seat belt locks in automobiles. The business has created a straightforward and intuitive Click-In function that makes activating and reloading very simple. By simply clicking in the loop, the self-positioning release mechanism locates itself and is prepared to be reloaded. This Click-In Loop helps prevent fatal accidents for kite boarders by providing a flag out in almost all circumstances. Their reaction time is improved and saved by this ground-breaking system. Thus, during the forecast period, the aforementioned factors are anticipated to fuel market growth. The global market will benefit from these factors. Thus, a key trend that is opening up potential for the industry to grow is the development of new product. These new developments are mostly to blame for the market's overall growth.

KITEBOARDING EQUIPMENT MARKET SEGMENTATION

• By Types 

Based on type, the market is classified into Kiteboards, Accessories, Protective Gear & Other.

• By Application

Based on the market is categorized into Sporting Goods Retailers, Hypermarkets and Supermarkets, Online Retail & Other.

DRIVING FACTORS

"Tourism Industry that Gives the Market Extra Boost"

The tourism industry, which has made significant investments to raise the growth standards of adventure sports in order to improve global tourism, is the main factor boosting the market. This has a sizable impact on the expansion of the global market. The number of people engaging in outdoor and adventure sports like kiteboarding is on the rise. The global promotion of adventure sports has also benefited greatly from social media advertising and other inbound marketing strategies. Due to its health advantages, kiteboarding is growing in popularity among young people and athletes. To reach a larger consumer base, kiteboarding electronics companies are working with tourism-related businesses. The market is booming as a result of the numerous TV shows and Hollywood movies that highlight kiteboarding as an action sport. Young kite boarders are becoming more and more in demand, and it is anticipated that this demand will become a key market driver. Growing celebrity involvement in adventurous activities combined with more social media posts are driving this trend. Therefore, such initiatives will significantly boost market growth over the course of the forecast period. As a result, the growth, and the increasing in tourism sector will boost the market. It will contribute to the expansion of the machinery and equipment industry and it will improve the overall kiteboarding equipment market growth.

"Kiteboarding in the Olympics to Encourage Market Expansion"

The inclusion of kiteboarding in the Olympics, which is the main driver of the growth of the global kiteboarding equipment industry, is another factor accelerating market expansion. A type of kitesurfing gear used to travel across the water is the kiteboard. It is made up of a kite, bindings, and a board. The board has foot straps or bindings to secure the rider's feet and is wider and larger than a surfboard. The kite is used to pull the rider across the water and resembles a parachute in shape. In recent years, kiteboarding has grown in popularity, attracting participants from all over the world. Due to increased health awareness and a desire to stay fit and healthy, many people are becoming attracted to alternative physical activities like outdoor and adventure sports, including kiteboarding, which increases market sales. People from all over the world compete in the numerous kiteboarding competitions that are held worldwide. Over the course of the forecast period, the market is anticipated to grow as a result of all these advanced features of synthetic media.  As a result, these factors are collectively promoting market expansion, increasing company revenues. As a result, above mentioned factors will help the market to boost.

RESTRAINING FACTORS

"High Cost and Corresponding Dangers to Impede Market Expansion"

The risky nature and high cost of kiteboarding are the factors limiting market growth. Kiteboarding is thought to be a risky activity. The adoption of kiteboarding gear has been hampered by the high number of fatalities and drownings that have occurred while kiteboarding. The effects of escalating climate change are also likely to impede market expansion. The sport of kiteboarding is also very expensive. Safety equipment is prohibitively expensive for consumers to purchase. This particular factor makes people less likely to choose kiteboarding, which inevitably slows the expansion of the global market. This factor is impeding market expansion. This may be a significant issue limiting market expansion. If this problem is fixed, the market will start to grow right away.

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KITEBOARDING EQUIPMENT MARKET REGIONAL INSIGHTS

"North America Dominating the Market Across the Globe"

The market for kiteboarding equipment is in North America has benefited from the region's expanding industrial development, and various driving factors which has increased the potential sectors as this region is the largest user of the product. The key factor driving the growth of the kiteboarding equipment market share is the growing demand of product in sporting goods retailers, hypermarkets and supermarkets & online retail shops is one of the major reasons to drive the market. Rapid urbanization developments will further boost the overall market.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

LIST OF TOP Kiteboarding Equipment COMPANIES

•   Cabrinha (U.S.)
•   Best Kiteboarding (U.S.)
•   Naish International (U.S.)
•   Slingshot Sports (U.S.)
•   Liquid Force Kiteboarding (U.S.)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost kiteboarding equipment market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.