Press release
Kayak Market is Expected to Witness Healthy Growth at 3% CAGR through 2026
Surging popularity of indoor adventure sports are translating as an imperative trend in the kayak market. Enthusiasts are enabled by indoor arenas in pursuing the sport although relevant water bodies are not in their proximity.This has further proliferated participation, thereby driving demand for various equipment associated with kayaking. Kayaking acts as effective cardiovascular workout, while improving coordination & balance and providing endurance training of participants.
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Market Taxonomy
Region
North America
Latin America
Europe
Japan
APEJ
MEA
Product Type
Recreational
Touring
Racing
Sales Channel
Sports Variety Stores
Third Party Online Channel
Direct-to-Customer Online Channel
Modern Trade Channels
Buyer Type
Individual
Institutional
Promotional
The Market survey of Kayak offers a comprehensive analysis of diverse features, including production capacities analysis of Kayak, demand, product developments, revenue generation, and Size of Kayak Market across the globe.
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Some Notable Offerings by Fact.MR Report on Kayak market:
• Fact.MR will provide you an analysis of the extent to which this Kayak market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
• Fact.MR will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
• Also, this report will help you to identify any trends to forecast growth rates.
• The analyzed report will forecast the general tendency for supply and demand.
Report Benefits & Key Questions Answered
• Kayak Category and segment level analysis: Fact MR offers detailed analysis of the factors influencing the sales prospect across key segments. Kayak category analysis provides deep insights into customer experiences, emerging trends and growth drivers. The vital information highlighted in this section will enable market players to make timely business decision to gain competitive advantage.
• Kayak Manufacturing trend analysis: A key aspect of the study is comprehensive Kayak manufacturing trend analysis. These insights provide vital information on how market players are coping with latest trends that are prevailing in the market.
• Innovation and acquisition activity in Kayak: The report highlights in detail the various organic and inorganic strategies adopted manufacturers in order to gain a competitive edge in Kayak market. Adoption of various technologies are being discussed in detail.
• Kayak demand by country: The report forecasts the country wise demand for Kayak between 2021 and 2031. By analyzing this section of the report, Kayak manufacturers can accordingly invest in those regions where the demand is on the rise.
• Post COVID consumer spending on Kayak: The Fact.MR market survey also highlights the impact of COVID-19 on medical devices industry. These insights provide vital information on how market players are executing their manufacturing strategies to coup with the COVID-19 pandemic.
Key Projections on Future of Kayak Market for the Forecast Period 2021-2031
North America is set to record the fastest kayak sales expansion through 2031, trailed by Asia-Pacific excluding Japan. Revenues from kayak sales in North America will account for bulk share of the market during 2021-2031.
Revenues from kayak sales in Europe and APEJ are also anticipated to remain significant. In contrast, revenues from kayak sales in Middle-East & Africa and Latin America will continue to be sluggish.
Recreational kayak are expected to remain dominant among products in the global kayak market. Approximately half revenue share of the market is projected to be held by recreational kayak during the forecast period.
Touring kayaks are also expected to endure as popular product in the market, with sales poised to exceed revenues worth US$ 160 Mn by 2031-end. Racing kayaks, on the other hand, will continue to remain the least lucrative product in the market.
In terms of revenues, sports variety stores are set to spearhead the global kayak market on the basis of sales channels, followed by modern trade channels and third party online channel. Direct to customer online channel will account for the smallest market revenue share during 2021-2031.
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After reading the Market insights of Kayak Report, readers can:
• Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
• Analyze key regions holding significant share of total Kayak market revenue.
• Study the growth outlook of Kayak market scenario, including production, consumption, history and forecast.
• Learn consumption pattern and impact of each end use & supply side analysis of Kayak market.
• Investigate the recent R&D projects performed by each market player & competitive analysis of Kayak Market Players.
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How Fact.MR Assists in Making Strategic Moves For Kayak Market Manufacturer?
• The data provided in the Kayak market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
• The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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