Global Wakeboarding Equipment Market Size, Trends, and Growth Opportunity, By Product (Protective Gears, Wakeboards, Clothing), Type (Three-Stage Rocker, Five-Stage Rocker, Continuous Rocker, Hybrid Rocker), Length (128 cm – 142 cm, Customized Range), Type of Rider (Beginner, Intermediate, Advanced Riders), Application (Supermarkets, Online, Sports Equipment Stores, Others) By Region and forecast till 2030.
Global Wakeboarding Equipment Market
Global Wakeboarding Equipment Market was valued at USD 1.65 Billion in 2022 and is slated to reach USD 3.08 Billion by 2030 at a CAGR of 8.11% from 2023-2030.
Riding a wakeboard is a fun, lighthearted hobby called wakeboarding. It takes place in bodies of water that are naturally occurring, such as lakes, rivers, and seas. With incredible speed, this sport tries to execute tricks while effortlessly floating over a variety of terrain, such as waves for spins and awakening for jumps and turns. Clothing, wakeboards, and protective gear make up wakeboarding equipment. Continuous rockers, hybrid rockers, three-stage rockers, and five-stage rockers are among the different varieties of wakeboards.
Market Drivers
Clothing for wakeboarding can aid in shielding the body from the elements while participating in water activities. The wakeboarding equipment includes a variety of clothing alternatives, including shorts, vests, and swimsuits, of which the latter is the most popular in terms of sales. Demand for wakeboard clothes has surged due to style innovation and inventiveness. As a result, market growth is predicted to be fueled by the rising demand for wakeboarding apparel. The risky nature of wakeboarding is driving the demand for safety equipment. Helmets, life jackets, boots, and bindings are some of them. The market expansion is anticipated to be boosted by the rising demand for wakeboarding safety equipment. Global manufacturing accounts for the majority of wakeboarding gear used in water sports. Manufacturers are concentrating more on making environmentally friendly wakeboarding equipment as a result of the rising demand for it. In numerous countries with a strong sensitivity to environmentally friendly items, the key wakeboarding equipment market participants are increasing awareness and availability of the same. Therefore, it is anticipated that the rising demand for environmentally friendly wakeboarding equipment would generate enormous prospects for the expansion of wakeboarding equipment internationally. Additionally, the market will have a tonne of potential because of the product's simple accessibility and the abundance of water sports clubs, water parks, and schools.
Market Restraints
High price: The gear used in wakeboarding, including wakeboards, bindings, ropes, and accessories, can be pricey. The potential customer base for makers of wakeboarding equipment may be limited as a result of this expensive price tag for some users.
Limited access to appropriate water bodies: Wakeboarding requires access to appropriate water bodies, such as lakes, rivers, and bays, which may not be convenient in all locations. In some regions, the lack of sufficient water bodies may result in a decrease in the demand for wakeboarding equipment.
Competition from other water sports: Kiteboarding, surfing, and water skiing are just a few of the other water activities that wakeboarding has to contend with. Due to this rivalry, customers may opt to participate in alternative water activities, which could hinder the market growth for wakeboarding equipment.
Impact of COVID-19
The economic crisis brought on by the pandemic has also affected the wakeboarding sector, as many people are having trouble making ends meet and prefer to spend their money on necessities rather than leisure pursuits like wakeboarding. Manufacturers and retailers of wakeboarding equipment have seen a decline in sales and revenue as a result. However, as people looked for methods to be active and entertained while following the rules of social distancing, the pandemic has also increased interest in outdoor activities and sports, including wakeboarding. The wakeboarding sector now has an additional opportunity to innovate and adjust to shifting consumer tastes, like by providing online purchases and virtual events.
Recent Developments
Electric wakeboards are becoming more and more popular because they are easier to ride and more environmentally friendly. Electric wakeboards that can be powered by rechargeable batteries are now being offered by several firms.
Technological developments - To enhance the performance and sturdiness of wakeboards, bindings, and other equipment, wakeboarding equipment makers are substantially spending on R&D. The newest developments include 3D-printed designs, lightweight materials, and sophisticated fin systems. Environmental friendliness and sustainability are becoming more and more important to wakeboarding equipment makers. To lessen their carbon footprint, several businesses use recycled materials and employ ecologically friendly manufacturing techniques.
Market Segmentation
Global Wakeboarding Equipment Market is segmented By Product, Type, Type of Rider, Length, and Application. By Products such as Protective Gear, Wakeboards, and Clothing. By Types such as Three-Stage Rocker, Five-Stage Rocker, Continuous Rocker, and Hybrid Rocker. By Length such as 128 cm – 142 cm, Customized Range. By Type of Rider such as Beginner, Intermediate, or Advanced Riders. By Applications such as Supermarkets, Online, Sports Equipment Stores, and Others.
Regional Analysis
Global Wakeboarding Equipment Market is segmented into five regions Europe, Americas, Asia-Pacific, and the Middle East & Africa. Due to the existence of numerous market participants and the establishment of a water sports infrastructure in this region, North America holds a dominant position in the wakeboarding equipment market in terms of market share. Due to the rise in the number of water sports, water parks, schools, and water sports clubs in this region, Europe is predicted to experience the fastest growth during the projection period of 2023–2030.
Key Players
This report includes a list of numerous Key Players, namely Slingshot Sports (U.S.), Cressi S.p.A (Italy), O'Brien Watersports (U.S.), Pentasi Ltd (Indonesia), Aqua Lung International (U.S.), JOHNSON OUTDOORS INC (U.S.), Dive Rite (U.S.), Jobe (U.S.), Xtreme Tower Products (Canada), Tahe Outdoors (Estonia), Naish International (Australia).
Market Taxonomy
By Product
• Wakeboards
• Clothing
• Protective Gears
By Type
• Continuous Rocker
• Hybrid Rocker
• Three-Stage Rocker
• Five-Stage Rocker
By Length
• 128 cm – 142 cm
• Customized Range
By Type of Rider
• Beginner
• Intermediate
• Advanced Riders
By Application
• Sports Equipment Stores
• Supermarkets
• Online
• Others
By Region
• North America Latin America
• Europe
• Asia Pacific
• Middle East & Africa.
Global Wakeboarding Equipment Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Wakeboarding Equipment Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Wakeboarding Equipment Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Wakeboarding Equipment Market Share Analysis, By Type
5.3 Global Wakeboarding Equipment Market Size and Forecast, By Type
5.3.1 Continuous Rocker
5.3.2 Hybrid Rocker
5.3.3 Three-Stage Rocker
5.3.4 Five-Stage Rocker
6 Global Wakeboarding Equipment Market, By Product
6.1 Y-o-Y Growth Comparison, By Product
6.2 Global Wakeboarding Equipment Market Share Analysis, By Product
6.3 Global Wakeboarding Equipment Market Size and Forecast, By Product
6.3.1 Wakeboards
6.3.2 Clothing
6.3.3 Protective Gears
7 Global Wakeboarding Equipment Market, By Length
7.1 Y-o-Y Growth Comparison, By Length
7.2 Global Wakeboarding Equipment Market Share Analysis, By Length
7.3 Global Wakeboarding Equipment Market Size and Forecast, By Length
7.3.1 128 cm – 142 cm
7.3.2 Customized Range
8 Global Wakeboarding Equipment Market, By Type of Rider
8.1 Y-o-Y Growth Comparison, By Type of Rider
8.2 Global Wakeboarding Equipment Market Share Analysis, By Type of Rider
8.3 Global Wakeboarding Equipment Market Size and Forecast, By Type of Rider
8.3.1 Beginner
8.3.2 Intermediate
8.3.3 Advanced Riders
9 Global Wakeboarding Equipment Market, By Application
9.1 Y-o-Y Growth Comparison, By Application
9.2 Global Wakeboarding Equipment Market Share Analysis, By Application
9.3 Global Wakeboarding Equipment Market Size and Forecast, By Application
9.3.1 Sports Equipment Stores
9.3.2 Supermarkets
9.3.3 Online
9.3.4 Others
10 Global Wakeboarding Equipment Market, By Region
10.1 Global Wakeboarding Equipment Market Share Analysis, By Region
10.2 Global Wakeboarding Equipment Market Share Analysis, By Region
10.3 Global Wakeboarding Equipment Market Size and Forecast, By Region
11 North America Wakeboarding Equipment Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 North America Wakeboarding Equipment Market Share Analysis, By Type
11.3 North America Wakeboarding Equipment Market Size and Forecast, By Product
11.4 North America Wakeboarding Equipment Market Size and Forecast, By Length
11.5 North America Wakeboarding Equipment Market Size and Forecast, By Type of Rider
11.6 North America Wakeboarding Equipment Market Size and Forecast, By Application
11.7 North America Wakeboarding Equipment Market Size and Forecast, By Country
11.7.1 U.S.
11.7.2 Canada
11.7.3 Mexico
12 Europe Wakeboarding Equipment Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Europe Wakeboarding Equipment Market Share Analysis, By Type
12.3 Europe Wakeboarding Equipment Market Size and Forecast, By Product
12.4 Europe Wakeboarding Equipment Market Size and Forecast, By Length
12.5 Europe Wakeboarding Equipment Market Size and Forecast, By Type of Rider
12.6 Europe Wakeboarding Equipment Market Size and Forecast, By Application
12.7 Europe Wakeboarding Equipment Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4. Rest of Europe
13 Asia Pacific Wakeboarding Equipment Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Asia Pacific Wakeboarding Equipment Market Share Analysis, By Type
13.3 Asia Pacific Wakeboarding Equipment Market Size and Forecast, By Product
13.4 Asia Pacific Wakeboarding Equipment Market Size and Forecast, By Length
13.5 Asia Pacific Wakeboarding Equipment Market Size and Forecast, By Type of Rider
13.6 Asia Pacific Wakeboarding Equipment Market Size and Forecast, By Application
13.7 Asia Pacific Wakeboarding Equipment Market Size and Forecast, By Country
13.7.1 China
13.7.2 Japan
13.7.3 India
13.7.4. Rest of Asia Pacific
14 Latin America Wakeboarding Equipment Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Latin America Wakeboarding Equipment Market Share Analysis, By Type
14.3 Latin America Wakeboarding Equipment Market Size and Forecast, By Product
14.4 Latin America Wakeboarding Equipment Market Size and Forecast, By Length
14.5 Latin America Wakeboarding Equipment Market Size and Forecast, By Type of Rider
14.6 Latin America Wakeboarding Equipment Market Size and Forecast, By Application
14.7 Latin America Wakeboarding Equipment Market Size and Forecast, Country
14.7.1. Brazil
14.7.2.Rest of Latin America
15 Middle East Wakeboarding Equipment Market Analysis and Forecast (2023-2030)
15.1 Introduction
15.2 Middle East Wakeboarding Equipment Market Share Analysis, By Type
15.3 Middle East Wakeboarding Equipment Market Size and Forecast, By Product
15.4 Middle East Wakeboarding Equipment Market Size and Forecast, By Length
15.5 Middle East Wakeboarding Equipment Market Size and Forecast, By Type of Rider
15.6 Middle East Wakeboarding Equipment Market Size and Forecast, By Application
15.7 Middle East Wakeboarding Equipment Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.3. Egypt
15.7.4. Kuwait
15.7.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1 Slingshot Sports (U.S.)
17.1.1 Overview
17.1.2 Types
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2. Cressi S.p.A (Italy)
17.2.1 Overview
17.2.2 Types
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3. O'Brien Watersports (U.S.)
17.3.1 Overview
17.3.2 Types
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Aqua Lung International (U.S.)
17.4.1 Overview
17.4.2 Types
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 JOHNSON OUTDOORS INC (U.S.)
17.5.1 Overview
17.5.2 Types
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Dive Rite (U.S.)
17.6.1 Overview
17.6.2 Types
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 Jobe (U.S.)
17.7.1 Overview
17.7.2 Types
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 Xtreme Tower Products (Canada)
17.8.1 Overview
17.8.2 Types
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Tahe Outdoors (Estonia)
17.9.1 Overview
17.9.2 Types
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 Naish International (Australia)
17.9.1 Overview
17.9.2 Types
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
