Title: Global Rafting Equipment Market Outlook to 2022: Ken Research
1(No Transcript)
2The report titled Global Rafting Equipment
Market Outlook to 2022 - by Equipments
(Protective Rafting Gear, Rafting Accessories
Inflatable Rafting Boats), by Distribution
Channel (Company Stores and Specialty Stores,
Online, Hypermarkets, Department Stores
Supermarkets and Others) provides a
comprehensive analysis of global rafting market
introduction, market size and market segmentation
by Equipments (Protective Rafting Gear, Rafting
Accessories Inflatable Rafting Boats), by
Region (Americas, Europe, APAC MEA), by New
Existing Demand, by Distribution Channel (Company
Stores and Specialty Stores, Online,
Hypermarkets, Department Stores Supermarkets
and Others) and by Equipment Price. The report
extensively covers competition scenario and
competitive landscape of major players including
Wing Inflatables, HYSIDE Inflatables, SOTAR, NRS,
Maravia and AIRE and analyst recommendation.
3- The report is useful for water sports equipment
manufacturers, rafting equipment manufacturers,
distributors, specialty sporting goods stores,
department stores, e-commerce portals, customers
and other stakeholders to plan their market
centric strategies in accordance with the ongoing
and expected trends in the future. - Global Rafting Equipment Market Size and Overview
- Market Overview International tourist arrivals
and international tourism expenditure has been
increasing at a steady pace over the review
period (2012-2017), globally. Coupled with an
increase in interest of people towards soft
adventure sports, rising popularity of rafting
adventure sports and growing awareness regarding
fitness-benefits of opting rafting has supported
growth in this industry. Americas has been the
biggest market in terms of expenditure incurred
by consumers in rafting equipments followed by
Europe, APAC and Middle East Africa. Increase
in demand has also been
4affected by growing base of Millennial, higher
per capita income in major markets, presence of
well-established players and expanded
distribution network in new regions/countries.
Market Size Increase in variety of rafting
equipments available in the market, primarily,
in terms of size, quality, capacity and utility,
major players have been using diverse product
portfolios and aggressive marketing sales
strategies to position themselves in the market.
This has helped the market to grow at a CAGR of
close to 3 during 2012-2017. Increased trade has
been observed amongst major producing and
consuming countries. Several leading
manufacturers have invested huge amount in
research development segment to foster product
innovations to increase durability and sturdiness
of rafting equipments. By and large, Global
rafting equipment market has increased by
significant amount in the review period.
5- Market Segmentation
- By Equipment Protective Rafting Gear has
captured a major market segment in 2017. Major
reason for protective gears to hold highest
revenue share in the market is its bulk sales.
These equipments are bought by rafting
participants, retail clients as well as by
large-scale and small scale water sporting
institutes in large quantities. Rafting
Accessories accounted for the second highest
share in the market. Rafting inflatables
accounted for the smallest share in 2017. The
boats are usually long lasting due to which the
replacement demand is comparatively low. This has
been primarily associated with its lower share in
the consumer expenditure generated in the overall
rafting equipment market. - By Region The global rafting equipment market
was dominated by Americas in the year 2017. The
region occupies the largest share owing to the
presence of well-established water sports
infrastructure and large number of rafting
enthusiasts. In the recent years, rafting
6- has been adopted as a recreational activity along
with being taken-up professionally. Europe
accounted for the second largest share in the
rafting equipment market. The presence of
increased number of water sporting sites across
Europe makes it the second-largest revenue
contributor. APAC region also witnessed growth in
demand for rafting equipments with an increase in
both consumption and production especially in
Japan, Australia, China, India, Singapore,
Malaysia and Taiwan. Middle East and Africa has
accounted for the lowest share in the rafting
equipment market in 2017. - By Distribution Channel Company Stores and
Specialty Stores dominated the market in 2017.
This sales channel has been highly popular since
major large scale manufacturers of rafting
equipments usually operate through own brand
stores that exclusively sell equipments of their
brand. These are known as Exclusive Brand Outlets
of the companies located in various countries
across the world. The purchase of sports
equipments online has been gaining
7- high popularity over the years. Online stores
have accounted for second highest contribution in
2017. Some of the major online retailers selling
sports equipments are Amazon and Alibaba.
Hypermarkets, department stores and supermarkets
have accounted for double digit share in terms
consumption expenditure. Some of the well-known
stores include Walmart and Tesco. - Competitive Landscape
- Competition in the global rafting equipment
market is highly fragmented due to the presence
of large number of regional players. In the
Americas, the competition in the concentrated
however, majority of market leaders have
substantial control in terms of market share in
2017. Majority of manufacturing facilities are
based in this region leading to large exports to
countries such as UAE, South Africa and India. It
is a similar scenario in Europe. The major
players in the market carry out both
manufacturing as well as trading. Competition in
APAC and Middle East Africa is still in the
growing
8- phase highly fragmented. There are about 4
major rafting equipment manufacturers operating
in the global market. Majority of manufacturing
clusters of these major manufactures are located
in North America and Europe. These players
compete against each other on the basis of
parameters such as price, product differentiation
(product portfolio size and product innovations),
distribution network, geographical
penetration/geographical presence and research
development activities. - Future Analysis and Projections
- Global rafting equipment market has been
anticipated to showcase a sound growth at a CAGR
of close to 2 during the forecast period
(2017-2022). Growth during this period is
expected to be supported by the rising popularity
of rafting as a recreational and profession
activity, increase in the number of rafting
championships and tournaments, increase in demand
from Millennial, increased awareness regarding
fitness benefits of rafting, expanding
geographical presence of major
9- manufacturers, intensifying distribution
channels, expansion of online retailing, new
product launches, government initiative to
promote the usage of protective rafting
equipments and others. - Key Topics Covered in the Report
- Global Rafting Equipment Market Introduction
- Global Rafting equipment Market Size
- Global Rafting Equipment Market Segmentation by
Equipments (Protective Rafting Gear, Rafting
Accessories Inflatable Rafting Boats), by
Region (Americas, Europe, APAC MEA), by New
Existing Demand, by Distribution Channel (Company
Stores and Specialty Stores, Online,
Hypermarkets, department stores supermarkets
and Others) and by Equipment Price - Competitive Landscape in Global Rafting Equipment
Market - Company profiling for major players in Global
Rafting Equipment Market
10- Global Rafting Equipment Market future outlook
and projections - SWOT Analysis
- Government Regulations in Global Rafting
equipment market - Analyst Recommendations in Global Rafting
equipment market -
- For more information on the research report,
refer to below link - https//www.kenresearch.com/consumer-products-and-
retail/sporting-equipments/global-rafting-equipmen
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