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India Water Sports Gear Market Overview, 2028


Water sports are rapidly gaining popularity among Indians. India has quickly developed into one of the world's most popular destinations for water sports. India, as a country, has numerous options ... もっと見る

 

 

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Summary

Water sports are rapidly gaining popularity among Indians. India has quickly developed into one of the world's most popular destinations for water sports. India, as a country, has numerous options for adventure seekers seeking a range of experiences. In recent years, India, a land of various landscapes and cultural riches, has seen a considerable increase in interest and engagement in water sports activities. This growing passion has fueled the expansion of the water sports equipment sector across the country. From the Arabian Sea's majestic waves to Kerala's calm backwaters to the massive Ganges River, India's enormous aquatic playgrounds are becoming increasingly popular with adventure seekers and recreational aficionados alike. The gorgeous coastal areas, lakes, rivers, and stunning water bodies of India attract a large number of both domestic and international tourists. As tourism grows, so does the demand for water sports equipment such as kayaks, paddleboards, snorkeling equipment, and wetsuits. Kayaking and canoeing options abound in India's numerous water systems, which range from tranquil lakes to demanding rapids. As a result, there is a growing need for high-quality kayaks, paddles, and safety equipment. There has been a considerable growth in the number of Indians partaking in water sports activities such as kayaking, scuba diving, snorkeling, and paddleboarding over the previous decade. This increase in involvement has resulted in a greater understanding of the significance of using appropriate and high-quality water sports equipment. Water sports enthusiasts from all over the world have been drawn to India's gorgeous coastal locations, lakes, and rivers, not just locals. This increase in water sports tourists has produced a demand for rental equipment, which has boosted the total business.

According to the research report "India Water Sports Gear Market Overview, 2028," published by Bonafide Research, the India Water Sports Gear market is expected to grow at 8.02% CAGR from 2023 to 2028. The Indian water sports gear market is now undergoing a transformation, owing to a convergence of trends that are redefining the landscape of aquatic recreation and equipment consumption. The growing interest in health and wellness is one notable trend as more people seek to balance their metropolitan lifestyles with active and rejuvenating experiences. This trend has catapulted water sports, from kayaking to paddleboarding, to the forefront of leisure activities, resulting in an increase in demand for high-quality equipment that improves safety and performance. Water sports tourism has developed as a prominent driver, attracting visitors to India's scenic coastline regions, peaceful lakes, and rushing rivers. As both domestic and international tourists seek adventure and relaxation in aquatic environments, the market for rental water sports equipment has grown significantly, necessitating the availability of dependable and well-maintained equipment. India's coastal regions are known for their flourishing marine ecosystems, particularly around the Andaman and Nicobar Islands and the Lakshadweep archipelago. Divers are exposed to a breathtaking world of coral reefs, colorful marine life, and shipwrecks that provide a completely unique underwater experience. White-water rafting in India is fascinating, especially in the Himalayan regions. The Ganges, Beas, and Zanskar rivers offer tough rapids set against breathtaking scenery, delivering an adrenaline rush for thrill seekers.

Based on product type, water sports clothes (surfing apparel, swimwear, diving suit, water polo swimsuits and caps), boards (stand-up paddle board, windsurf boards, surfing, bodyboard), sailboat, swim mask & goggles (snorkel, snorkeling masks & diving mask), personal watercraft, life jackets , BCD (buoyancy control device), cylinder & diving propulsion vehicle, swim fins (snorkeling fins & diving fins), decompression chamber, and others (kayak accessories, surfing accessories, diving accessories, balls, goal posts, water shoes, watches, safety helmets). Water sports clothes product type leads the market of India water sports gear market. Water sports gear is intended to provide greater safety and protection to people participating in a variety of water-based activities. Wetsuits, rash guards, and drysuits offer thermal insulation, protecting users from chilly water and inclement weather. This safeguard is critical in a country with different climates and water temperatures, ensuring that enthusiasts can enjoy their hobbies without jeopardizing their health. Water sports apparel is designed to accommodate a variety of water-based activities, such as scuba diving and snorkeling, as well as surfing and kayaking. Each activity necessitates specialized characteristics, such as flexibility, buoyancy, or abrasion resistance, to meet the specific needs of participants. Because of its adaptability, water sports apparel is a versatile alternative for people who participate in a variety of activities. Based on age group market is divided into adults, kids, and geriatric. Adults age group segment is leading the market of India. Individuals' interest in adventure and recreational pursuits frequently develops as they grow older. Water sports are an exciting and interesting opportunity for adults to get out of their routines, challenge themselves physically, and try new things. The sense of adventure and excitement connected with water sports is very appealing to the adult demographic. Adults prefer leisure activities that improve their general well-being and relaxation. Water sports provide a unique blend of physical activity, relaxation, and connection with nature. Adults can relax and unwind in tranquil aquatic areas by participating in water activities.

Based on distribution channel market is segmented into franchise store, specialty store, online store, supermarket/hypermarket, and others (resort shops, boating and marine supply stores, direct sales, tour operators, etc.) Water sports gear products are majorly distributed to franchise store in India. Franchise outlets are typically placed in India's major cities, tourist sites, and prominent water sports locations. This targeted reach guarantees that water sports fans have easy access to the necessary equipment without having to travel vast distances, increasing convenience and accessibility. Water sports equipment, such as kayaks, paddleboards, and diving equipment, can be sophisticated, and proper demonstration and testing are required for clients to judge their suitability. Customers may see, touch, and frequently even test the equipment at franchise locations, increasing their trust in their purchases. Customers and store workers can interact directly in franchise stores. This engagement develops a sense of community, motivates enthusiasts to share their experiences, and serves as a venue for customer feedback, which can impact product offerings and changes.

Considered in this report:
• Geography: India
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• India Water Sports Gear market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type:
• Water sports Clothes (Surfing Apparel, Swimwear, Diving Suit, Water Polo Swimsuits and Caps)
• Boards (Stand-up Paddle Board, Windsurf Boards, Surfing, Bodyboard)
• Sailboat
• Swim Mask & Goggles (Snorkel, Snorkeling Masks & Diving Mask)
• Personal Watercraft
• Life Jackets
• BCD (Buoyancy Control Device)
• Cylinder & Diving Propulsion Vehicle
• Swim Fins (Snorkeling Fins & Diving Fins)
• Decompression Chamber
• Others (Kayak Accessories, Surfing Accessories, Diving Accessories, Balls, Goal Posts, Water Shoes, Watches, Safety Helmets)

By Age Group:
• Adults
• Kids
• Geriatric

By Distribution Channel:
• Franchise Store
• Specialty Store
• Online Store
• Supermarket/Hypermarket
• Others (Resort Shops, Boating and Marine Supply Stores, Direct Sales, Tour Operators, etc.)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic 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 doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

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






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Table of Contents

Table of Contents
1. Executive Summary
2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. Geography
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. India Macro Economic Indicators
5. Market Dynamics
5.1. Key Findings
5.2. Key Developments - 2021
5.3. Market Drivers & Opportunities
5.4. Market Restraints & Challenges
5.5. Market Trends
5.6. Covid-19 Effect
5.7. Supply chain Analysis
5.8. Policy & Regulatory Framework
5.9. Industry Experts Views
6. India Water Sports Gear Market Overview
6.1. Market Size By Value
6.2. Market Size and Forecast By Product Type
6.3. Market Size and Forecast By Age Group
6.4. Market Size and Forecast By Distribution Channel
7. India Water Sports Gear Market Segmentations
7.1. India Water Sports Gear Market, By Product Type
7.1.1. India Water Sports Gear Market Size, By Water Sports Clothes, 2017-2028
7.1.2. India Water Sports Gear Market Size, By Boards, 2017-2028
7.1.3. India Water Sports Gear Market Size, By Sailboat, 2017-2028
7.1.4. India Water Sports Gear Market Size, By Swim Mask & Goggles, 2017-2028
7.1.5. India Water Sports Gear Market Size, By Personal Watercraft, 2017-2028
7.1.6. India Water Sports Gear Market Size, By Life Jackets, 2017-2028
7.1.7. India Water Sports Gear Market Size, By BCD (Buoyancy Control Device), 2017-2028
7.1.8. India Water Sports Gear Market Size, By Cylinder & Diving Propulsion Vehicle, 2017-2028
7.1.9. India Water Sports Gear Market Size, By Swim Fins, 2017-2028
7.1.10. India Water Sports Gear Market Size, By Decompression Chamber, 2017-2028
7.1.11. India Water Sports Gear Market Size, By Others, 2017-2028
7.2. India Water Sports Gear Market, By Age Group
7.2.1. India Water Sports Gear Market Size, By Adults, 2017-2028
7.2.2. India Water Sports Gear Market Size, By Kids, 2017-2028
7.2.3. India Water Sports Gear Market Size, By Geriatric, 2017-2028
7.3. India Water Sports Gear Market, By Distribution Channel
7.3.1. India Water Sports Gear Market Size, By Franchise Store, 2017-2028
7.3.2. India Water Sports Gear Market Size, By Specialty Store, 2017-2028
7.3.3. India Water Sports Gear Market Size, By Online Store, 2017-2028
7.3.4. India Water Sports Gear Market Size, By Supermarket/Hypermarket, 2017-2028
7.3.5. India Water Sports Gear Market Size, By Others, 2017-2028
8. India Water Sports Gear Market Opportunity Assessment
8.1. By Product Type, 2023 to 2028
8.2. By Age Group, 2023 to 2028
8.3. By Distribution Channel, 2023 to 2028
9. Competitive Landscape
9.1. Porter's Five Forces
9.2. Company Profile
9.2.1. Company 1
9.2.1.1. Company Snapshot
9.2.1.2. Company Overview
9.2.1.3. Financial Highlights
9.2.1.4. Geographic Insights
9.2.1.5. Business Segment & Performance
9.2.1.6. Product Portfolio
9.2.1.7. Key Executives
9.2.1.8. Strategic Moves & Developments
9.2.2. Company 2
9.2.3. Company 3
9.2.4. Company 4
9.2.5. Company 5
9.2.6. Company 6
9.2.7. Company 7
9.2.8. Company 8
10. Strategic Recommendations
11. Disclaimer

List of Figures
Figure 1: India Water Sports Gear Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 2: Market Attractiveness Index, By Product Type
Figure 3: Market Attractiveness Index, By Age Group
Figure 4: Market Attractiveness Index, By Distribution Channel
Figure 5: Porter's Five Forces of India Water Sports Gear Market

List of Table

Table 1 : Influencing Factors for India Water Sports Gear Market, 2022
Table 2: India Water Sports Gear Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 3: India Water Sports Gear Market Size and Forecast By Age Group (2017, 2022 & 2028F)
Table 4: India Water Sports Gear Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
Table 5: India Water Sports Gear Market Size of Water Sports Clothes (2017 to 2028) in USD Billion
Table 6: India Water Sports Gear Market Size of Boards (2017 to 2028) in USD Billion
Table 7: India Water Sports Gear Market Size of Sailboat (2017 to 2028) in USD Billion
Table 8: India Water Sports Gear Market Size of Swim Mask & Goggles (2017 to 2028) in USD Billion
Table 9: India Water Sports Gear Market Size of Personal Watercraft (2017 to 2028) in USD Billion
Table 10: India Water Sports Gear Market Size of Life Jackets (2017 to 2028) in USD Billion
Table 11: India Water Sports Gear Market Size of BCD (Buoyancy Control Device) (2017 to 2028) in USD Billion
Table 12: India Water Sports Gear Market Size of Cylinder & Diving Propulsion Vehicle (2017 to 2028) in USD Billion
Table 13: India Water Sports Gear Market Size of Swim Fins (2017 to 2028) in USD Billion
Table 14: India Water Sports Gear Market Size of Decompression Chamber (2017 to 2028) in USD Billion
Table 15: India Water Sports Gear Market Size of Others (2017 to 2028) in USD Billion
Table 16: India Water Sports Gear Market Size of Adults (2017 to 2028) in USD Billion
Table 17: India Water Sports Gear Market Size of Kids (2017 to 2028) in USD Billion
Table 18: India Water Sports Gear Market Size of Geriatric (2017 to 2028) in USD Billion
Table 19: India Water Sports Gear Market Size of Franchise Store (2017 to 2028) in USD Billion
Table 20: India Water Sports Gear Market Size of Specialty Store (2017 to 2028) in USD Billion
Table 21: India Water Sports Gear Market Size of Online Store (2017 to 2028) in USD Billion
Table 22: India Water Sports Gear Market Size of Supermarket/Hypermarket (2017 to 2028) in USD Billion
Table 23: India Water Sports Gear Market Size of Others (2017 to 2028) in USD Billion

 

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