Asia-Pacific Water Sports Gear Market Outlook, 2028

Asia-Pacific Water Sports Gear Market Outlook, 2028

The Asia-Pacific region, with its diverse and stunning aquatic landscapes, is fast becoming a global hotspot for water sports enthusiasts. As interest in outdoor and recreational activities continues to rise, the water sports gear market in Asia-Pacific is experiencing substantial growth. The Asia-Pacific region boasts a vast expanse of water bodies, including the Pacific Ocean, Indian Ocean, South China Sea, numerous rivers, and an abundance of lakes. These natural resources have laid the foundation for a vibrant water sports culture. From the beaches of Bali to the surf breaks of Australia and the pristine waters of the Maldives, the region offers a wide range of water-based activities that cater to both locals and tourists. Encompassing a sprawling and diverse region, this market thrives amidst a tapestry of cultural traditions, breathtaking landscapes, and a burgeoning fascination with water-based activities. From the emerald waves of Bali to the pristine shores of Australia and the azure depths of the Maldives, the Asia-Pacific region not only provides a playground for water sports enthusiasts but also fosters a dynamic and ever-evolving marketplace for water sport gear. Against this backdrop, the Asia Pacific Water Sport Gear market has emerged as a vibrant, innovative, and culturally influenced industry, reflecting the region's profound connection to the water and its intrinsic role in shaping both recreation and livelihoods. Across the Asia-Pacific, water festivals are a common cultural celebration. Many traditional water activities have influenced modern water sports, leading to the development of specialised gear. For example, the traditional practise of free diving has influenced the design of modern snorkelling and spearfishing equipment.

According to the research report, ""Asia-Pacific Water Sport Gear Market Outlook, 2028,"" published by Bonafide Research, the Asia-Pacific Water Sport Gear market is anticipated to grow at a CAGR of more than 6.66% by 2023–28. An increasing interest in water-based recreational activities, such as surfing, paddleboarding, and snorkelling, is a primary driver. As more people seek outdoor adventures and active lifestyles, the demand for water sports gear rises. The Asia-Pacific region is blessed with stunning aquatic landscapes, including pristine beaches, clear waters, and diverse marine ecosystems. These natural assets attract water sports enthusiasts and promote the use of water sports gear. The rise of adventure tourism in the Asia Pacific has led to increased participation in activities like white-water rafting, kayaking, and scuba diving. This trend fuels the demand for specialised gear and equipment. Water sport gear manufacturers are increasingly utilising lightweight and advanced materials, such as carbon fibre, Kevlar, and composite materials, in the construction of their equipment. This enhances gear performance by making it more durable and buoyant, improving speed and manoeuvrability, and reducing the physical strain on users. Inflatable water sport gear, like inflatable paddleboards and kayaks, has gained popularity due to its portability and ease of storage. Innovations in inflatable technology, such as drop-stitch construction and high-pressure pumps, have made these products more rigid and durable, resembling the performance of traditional hard-shell gear. Wearables and smart technology are making their way into water sports. Waterproof fitness trackers, smartwatches, and action cameras enable users to track their performance metrics, capture breathtaking moments, and monitor environmental conditions like tides and weather.

Based on the product types, there are water sports clothes, boards, sailboats, swim masks and goggles, personal watercraft, life jackets, buoyancy control devices, cylinders, diving propulsion vehicles, swim fins, decompression chambers, and others. Among them, swim masks and goggles such as the snorkel, snorkelling masks, and diving masks will grow at the highest rate by the forecast year. The Asia-Pacific region is home to numerous coastal destinations, coral reefs, and marine biodiversity hotspots, making it a prime location for snorkelling and diving. As more people become interested in exploring these underwater wonders, the demand for snorkelling and diving gear, including masks, has increased significantly. The Asia-Pacific region is a popular destination for tourists seeking water-based activities. Snorkelling and diving are often top choices for tourists, leading to a consistent demand for snorkelling and diving masks in regions like Southeast Asia, the Maldives, and Australia. The Asia Pacific is known for its stunning underwater landscapes, including colourful coral reefs, diverse marine life, and underwater caves. These natural wonders motivate individuals to explore these sites, leading to the purchase of snorkelling and diving masks. Furthermore, as more people in the Asia Pacific take up snorkelling and diving as recreational activities or for eco-tourism purposes, swim fins have become essential gear. Fins provide better manoeuvrability, allowing snorkelers and divers to glide effortlessly through the water and explore marine life. The Asia-Pacific region offers exceptional scuba diving and freediving opportunities. Both activities require swim fins for efficient movement and control underwater. The popularity of these sports has driven the demand for specialised fins. The Asia-Pacific region is a top destination for tourists seeking water-based activities. Snorkelling, scuba diving, and water sports are often on tourists' itineraries, leading to increased rentals and sales of swim fins at popular tourist destinations.

China has seen significant growth in its water sport gear market. China's rapidly growing middle class has increased disposable income, enabling more people to afford and engage in water sports. As a result, there is a growing demand for water sports gear among this demographic. China's urbanisation has led to increased access to swimming pools, water parks, and coastal areas. Urban residents, especially in tier-1 and tier-2 cities, are increasingly interested in water-based recreational activities, driving the demand for gear like swimwear, goggles, and accessories. China has several coastal cities and scenic water bodies that attract tourists. The development of water sports resorts, along with the promotion of water sports tourism, has led to a surge in the popularity of activities like snorkelling, diving, and paddleboarding, which require specialised gear. The Chinese government has shown support for the development of water sports as part of its broader sports and tourism initiatives. Investments in water sports infrastructure, such as training centres and facilities, have boosted the industry.

Based on the age group, which includes adults, kids, and geriatrics, in Asia Pacific, kids will grow at the highest CAGR rates. Parents in Asia Pacific are increasingly encouraging their children to engage in water sports. Many parents see water sports as a healthy and outdoor alternative to screen time and sedentary activities. Schools and educational institutions in the Asia-Pacific region are incorporating water sports into their physical education programs. This exposure to water sports at an early age fosters interest and familiarity. The Asia-Pacific region is a popular destination for family vacations. Tourists often include water-based activities in their itineraries, making it a natural choice for children to explore water sports in a safe and supervised environment. Many summer camps and youth programmes in the Asia-Pacific region incorporate water sports into their offerings. These programmes provide a structured and educational way for children to learn and enjoy water sports. The success of young water sport athletes in the Asia Pacific, such as young surfers and swimmers who have achieved international recognition, serves as inspiration for children to pursue these sports. Furthermore, children are often influenced by their peers. If water sports are popular among their friends or classmates, they are more likely to want to participate.

Based on the distribution channels (franchise store, specialty store, online store, supermarket/hypermarket, and others (resort shops, boating and marine supply stores, direct sales, tour operators, etc.), in Asia Pacific, online stores will grow at the highest growth rate. The Asia-Pacific region has seen a significant increase in internet penetration over the years, with more people gaining access to the internet and online shopping platforms. This expanded online user base provides fertile ground for e-commerce growth. Online stores offer unparalleled convenience, allowing customers to browse, compare, and purchase water sports gear from the comfort of their homes. This convenience is particularly attractive to consumers in countries with busy urban lifestyles. Furthermore, online retailers often offer competitive prices due to reduced overhead costs compared to physical stores. Customers in the Asia Pacific are price-conscious, making online shopping an attractive option. E-commerce platforms often run seasonal promotions, discounts, and special offers, attracting cost-conscious consumers during peak water sports seasons. There are many online stores that provide water sport gear, including Decathlon, SurfStitch, The Surfboard Warehouse, Olaian, SwimOutlet, and more.

Events:

• Quiksilver Pro Gold Coast: This surfing event is part of the World Surf League (WSL) Championship Tour and takes place on the Gold Coast of Australia. It attracts the world's top surfers and is one of the most prestigious events on the surfing calendar.

• Billabong Pipe Masters: Held on the North Shore of Oahu, Hawaii, this event is the final stop of the WSL Championship Tour. It's known for its powerful waves at the Banzai Pipeline, making it a challenging and iconic surfing competition.

• Dragon Boat Festivals: Dragon boat racing is a traditional water sport in many Asia Pacific countries. Numerous dragon boat festivals and races are held throughout the region, including in Hong Kong, China, Taiwan, and Malaysia.
 
Companies Covered In this Report:

The Columbia Sportswear Company, Adidas AG, Decathlon S.A., Under Armour, Inc, Speedo International Limited, Beneteau, Patagonia, Inc., Quiksilver, Sea-Doo, Helly Hansen AS, Head Sport GmbH, Cressi Sub SpA, TYR Sport, Inc., Zoggs International Limited, Beuchat International, VF Corporation and JSW Powersports.

Considered in this report

• Geography: Asia Pacific
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• Asia Pacific Water Sport Gear with its value and forecast along with its segments
• Country-wise Water Sport Gear market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:

• China
• Japan
• India
• Australia
• South Korea

By Products

• Water sports Clothes
• Boards
• Sailboat
• Swim Mask & Goggles
• Personal Watercraft
• Life Jackets
• Buoyancy Control Device
• Cylinder & Diving Propulsion Vehicle
• Swim Fins
• Decompression Chamber
• Others

By Age Group

• Adults
• Kids
• Geriatric

By Distribution Channel

• Franchise Store
• Specialty Store
• Online Store
• Supermarket/Hypermarket
• Others

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations and organizations related to the Gems & Jewelry industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.




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