U.S. Kayaks And Canoes Sports Equipment Market Size, Share & Trends Analysis Report By Sports, By Product (Apparel, Footwear), By Price Range, By Distribution Channel, And Segment Forecasts, 2024 - 2030
U.S. Kayaks And Canoes Sports Equipment Market Size, Share & Trends Analysis Report By Sports, By Product (Apparel, Footwear), By Price Range, By Distribution Channel, And Segment Forecasts, 2024 - 2030
U.S. Kayaks And Canoes Sports Equipment Market Growth & Trends
The U.S. kayaks and canoes sports equipment market size is expected to reach USD 754.2 million by 2030 and growing at a CAGR 4.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing trend towards outdoor recreation and adventure sports, fueled by an increasing awareness of the health benefits of physical activity and a desire to connect with nature, is driving the demand for kayaks and canoes equipment as kayaking and canoeing offer an accessible and immersive way to explore waterways, from tranquil lakes to rushing rivers, appealing to both seasoned outdoor enthusiasts and casual adventurers looking for a weekend escape. This trend is further supported by a desire for eco-friendly activities that minimize environmental impact, with kayaks and canoes being non-motorized, quiet, and non-polluting vessels.
Moreover, advancements in materials and design have made kayaks and canoes more accessible and appealing to a wider audience. Innovations in lightweight materials like fiberglass, carbon fiber, and high-density polyethylene have made equipment more durable, easier to transport, and more affordable, leading to a rise in its demand. Additionally, improvements and innovations in ergonomic design and features enhancing comfort and safety are increasingly attracting newcomers to the sports.
Furthermore, the rise of social media and online communities has played a significant role in popularizing kayaking and canoeing as recreational activities. Social media platforms such as Instagram, YouTube, and outdoor enthusiast forums provide a platform for sharing breathtaking scenery, thrilling adventures, and practical tips and advices are inspiring others to get out on the water themselves. This virtual community fosters a sense of camaraderie and support among enthusiasts, encouraging participation, and providing resources for beginners to learn and grow in the sport. As more people discover the joys of paddling through these digital channels, the demand for kayaks and canoes sport equipment is rising across the U.S.
U.S. Kayaks And Canoes Sports Equipment Market Report Highlights
Based on sport, kayaking accounted for a share of over 85% in 2023, owing to the growing interest in outdoor recreational activities across the U.S. kayaking provides an opportunity for individuals to connect with nature, explore waterways, and enjoy the outdoors, aligning with the broader trend of seeking outdoor experiences.
Based on sport, canoeing is expected to grow at a fastest CAGR of 9.2% from 2024 to 2030. This can be attributed to individuals becoming increasingly health-conscious and trying sports such as canoeing, which provides both physical exercise and mental relaxation.
Based on product, equipment accounted for a share of over 85% and is expected to grow at a CAGR of 4.7% in 2023. The growth of kayaks and canoe equipment in the U.S. is propelled by outdoor recreation trends, accessibility of waterways, technological advances, social media influence, and the rise in eco-tourism, among other factors.
In terms of price range, mass price range equipment held a market share of over 75% in 2023, due to the accessibility of affordable options, outdoor recreation trends, and technological advancements.
Premium price range equipment is anticipated to grow at a CAGR of 6.3%. This can be attributed to the rising demand for premium equipment with advanced technology, high-quality materials, and specialized features.
In 2023, the distribution of U.S. kayaks and canoes sports equipment through sporting goods retailers accounted for a share of over 60% of the total market due to the availability of diverse product ranges, with retailers catering to various skill levels and preferences.
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