Riverboarding is a popular surface water sport and is also known as hydrospeed in the European region and white-water sledging in New Zealand. It is categorized as a boardsport in which the participants navigate through the river rapids by lying prone on different types of riverboards and wearing fins for propulsion.
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Riverboards, protective gear, and fins are some of the gears used in this high-intensity water sport.
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The analysts forecast global riverboarding gears market to grow at a CAGR of 6.70% during the period 2018-2022.
The latest trend gaining momentum in the market is the rise in water sports facilities worldwide. Recreational water sports market has been growing at a rapid rate, providing a novel business opportunity to many coastal cities or regions that have water bodies like rivers or lakes.
Also, pertaining to the extremely labor-intensive nature of the water sports industry, it additionally creates stable employment opportunities for the local population. As a result, several initiatives are being undertaken to promote the proper growth and expansion of water sports facilities across the globe.
Major key players in the global riverboarding gears market: Carlson Riverboards, EXTRACTOR, FLUID Kayaks, Kern Riverboards, and MOOVING SARL.
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According to the riverboarding gears market report, one of the major drivers for this market is the increasing popularity of riverboarding as a competitive sport. Riverboarding is not just a recreational adventure activity since it is also pursued as a competitive sport.
Various riverboarding championships and other competitions are held at the local, regional, and national level throughout the year and participants are judged based on factors such as their free-flow style and riverboard controlling skills.
Further, the riverboarding gears market report states that one of the major factors hindering the growth of this market is the growing market for pre-owned riverboarding gears. Tourists across the world often prefer adventure travel once or twice in a year and they highly prefer renting pre-owned riverboarding gears instead of purchasing them.
This drives the growth of pre-owned sports equipment, which impacts the sales of new riverboarding gears.
Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?