The Kayak Market: Overview
The Kayak Market is valued at around USD 171 million in 2022 and is expected to reach USD 250.5 million by 2030, registering a CAGR of 3.5% over the forecast period. A kayak is a long, narrow boat that can only hold a few passengers at once. While some consumers use it for leisure activities like fishing or downtime, others use it for risk-taking sports. The typical kayak design that is currently on the market features tow cockpits and also includes a storage area for supplies. They are designed to endure harsh weather and water conditions.
The Kayak Market - Growth Factor
The burgeoning kayak market is being driven by rapid urbanisation. A kayak is a small, slender watercraft that is frequently propelled by a paddle with two blades. The Greenlandic word qajaq is the source of the word kayak. The traditional kayak has a covered deck and one or more cockpits, with room for one paddler in each. The person can use a single paddle to move the ship forward in the water. In other words, a kayak is an enclosed watercraft with a seated user holding a double-bladed paddle. The growth of outdoor activities worldwide is one of the main factors propelling the expansion of the kayak market. Market expansion is fuelled by kayaking's rising popularity among the general public as a result of better strength, cardiovascular fitness, and flexibility.
The Kayak Market Market Trends
Sales of kayaks are anticipated to increase significantly during the forecast period due to the increase in water tourism brought on by rising disposable income and increased kayaking awareness.
In the upcoming years, it is anticipated that rising demand for computer-aided kayaks for a variety of applications will lead to prosperous business opportunities. Additionally, the development of artificial water features is anticipated to have a positive impact on the market's expansion.
Market expansion is anticipated to be sparked by the government's expanding initiatives to support water sports and competitions.
Due to their dependability, durability, and safety, inflatable kayaks are becoming increasingly popular in place of traditional kayaks, which may accelerate market growth. Furthermore, it is anticipated that technological developments to improve kayaks will have a positive impact on sales.
The Kayak Market Segmentation
The Kayak Market fragrance concentrates market has been sub-classified into product, application, distribution channels.
On the basis of products, the Kayak Market is bifurcated into:
Rigid
Folding
Inflatable
others
On the basis of applications, the market is segmented into:
recreational
touring
racing activities
others
On the basis of distribution channel, the market segmented into:
sport variety stores
third party online channel
direct-to-consumer channel
modern trade channels
Others
The Kayak Market Regional Analysis
North America dominated the global Kayak Market, with a 3.1% CAGR from 2023 to 2033, is expected to grow with a revenue share of more than 47% in 2023 and be the fastest-growing market for kayak. Due to a desire for thrills and adventure, water leisure sports have become extremely popular, which is advantageous for the kayak industry. The region's kayak industry is also growing thanks to state and national kayaking competitions held by governmental organisations and sports leagues.
The Kayak Market Key Market players
Global key players of Kayak Market include Advanced Elements, AIRE, Aqua Xtreme, Clear Blue Hawaii, Klepper Faltbootwerft, MOOVING SARL, BIC Sport, Long Haul Kayaks, Nautiraid, ORU KAYAK, TRAK Kayaks, Folding Kayaks UK, KL Outdoor LLC, Johnson Outdoors Inc., Feelfree US, LLC, Jackson Kayak, Inc. and Confluence Outdoor, LLC., and others.
Report scope
Global Kayak Market: Historical Years- 2018-2021
Global Kayak Market: Forecast Years- 2022-2030
Global Kayak Market 2022- USD 171 million
Global Kayak Market 2030- USD 250.5 million
Global Kayak Market CAGR- 3.5%
