Water Sports Gear Market
Water Sports Gear Market
The market for Water Sports Gear was estimated at $6.27 billion in 2024; it is anticipated to increase to $10.3 billion by 2030, with projections indicating growth to around $15.7 billion by 2035.
Datatree
Global Water Sports Gear Market Outlook
Revenue, 2024 (US$B)
$6.3B
Forecast, 2034 (US$B)
$14.4B
CAGR, 2024 - 2034
8.7%
Market Size Forecast & Key Insights
- The Water Sports Gear market is projected to grow from $6.3 billion in 2024 to $14.4 billion in 2034. This represents a CAGR of 8.7%, reflecting rising demand across Competitive Swimming, Scuba Diving and Surfing.
- U.S. and Australia are the top markets within the Water Sports Gear market and are expected to observe the growth CAGR of 6.4% to 9.1% between 2024 and 2030.
- Emerging markets including Brazil, South Korea and UAE are expected to observe highest growth with CAGR ranging between 8.4% to 10.9%.
- The Water Sports Gear market is set to add $8.2 billion between 2024 and 2034, with manufacturer targeting Competitive Athletes & Training Institutes End-User projected to gain a larger market share.
- With Increasing popularity of water sports, and Advancements in technology, Water Sports Gear market to expand 130% between 2024 and 2034.
Opportunities in the Water Sports Gear
Expanding into customer segments is crucial for growth in the water sports gear industry. Currently targeted at professionals and dedicated enthusiasts the high quality gear can also appeal to users looking for affordable options without the need, for top tier equipment. Manufacturers have an opportunity to reach a wider audience by catering to this untapped market segment.
Growth Opportunities in North America and Asia Pacific
North America Outlook
Asia Pacific Outlook
Market Dynamics and Supply Chain
Driver: Increasing Popularity of Water Sports, and Eco-consciousness and Sustainability Trends
Restraint: Variable Weather Conditions
Opportunity: Technological Innovations and Strategic Collaborations
Challenge: High Initial Investment Cost
Supply Chain Landscape
Raw Material Procurement
DuPont
ExxonMobil
Dow Chemical Company
Component Production
Yamaha Marine
Brunswick Corporation
Johnson Outdoors
Assembly & Distribution
Decathlon
Speedo
O'Neill
Retail & End-Users
Sports Direct
Decathlon
Amazon
Raw Material Procurement
DuPont
ExxonMobil
Dow Chemical Company
Component Production
Yamaha Marine
Brunswick Corporation
Johnson Outdoors
Assembly & Distribution
Decathlon
Speedo
O'Neill
Retail & End-Users
Sports Direct
Decathlon
Amazon