Kiteboarding Equipment Market

Kiteboarding Equipment Market Analysis by Equipment/Gear (Kiteboards, Kites, Kite Bars, Kite Harness, Safety Gears), by Kite Size (<8 meter Kites, >18 meter Kites), by Consumer Orientation, by Sales Channel, by Region - Global Market Insights 2023-2033

Analysis of Kiteboarding Equipment Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Kiteboarding Equipment Market Outlook

The global kiteboarding equipment market was valued at around US$ 909 Million in 2022, is expected to reach US$ 1,042.62 Million, registering a Y-o-Y growth of 14.6%. Sales of kiteboarding equipment are projected to accelerate at a CAGR of 14.7% to top US$ 4,109.23 Million by 2033.

The water sports equipment market was worth US$ 25 Billion by 2021, with sales of kiteboarding equipment reaching US$ 804 Million. As a result, kiteboarding equipment accounted for approximately 3% of the global water sports equipment market.

Report Attributes

Details

Anticipated Base Year Value (2022)

US$ 909 Million

Expected Market Value (2023)

US$ 1,042.62 Million

Projected Forecast Value (2033)

US$ 4,109.23 Million

Global Growth Rate (2023-2033)

14.7% CAGR

Expected Market Share of the North America Market (2033)

42%

Anticipated Market Value of Europe (2023-2033)

48%

Key Companies Analysis

  • North Kiteboarding
  • F-One
  • Best Kiteboarding
  • Cabrinha Kites
  • RICCI INTERNATIONAL SRL
  • Go Foil Inc.
  • Duotone
  • Slingshot Sports
  • Naish International
  • Peter Lynn Kiteboarding
  • Nobile Sports Sp. z.o.o
  • Airush Kiteboarding
  • Fly Surfer Kiteboarding
  • Crazy Fly s.r.o
  • Eleveight
  • Switch Kiteboarding
  • Core Kiteboarding GmbH
  • Kite Attitude
  • Fletcher Chouinard Designs Inc.
  • Lite Wave Designs

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Revenue Analysis of Kiteboarding Equipment from 2018-2022 Vs Market Projections for 2023 to 2033

The growing popularity of adventure tourism, combined with the proliferation of beach culture, has fueled market growth for kiteboarding equipment during the historical period. Travelers are preferring adventure sports such as kiteboarding to staying in hotels during their vacations.

As customer satisfaction and engagement remain critical for marketing, many kiteboarding teams and distributors have active social media channels and a strong media presence. As a result, this aspect will have an impact on market growth over the forecast period.

Furthermore, due to the rapid rate of technology adoption, the South Asia region will have a market value of around US$ 50 Million in 2022. East Asia and Europe contributed substantially to the expansion of kiteboarding equipment, accounting for approximately 8.9% and 32.7% of the market in 2021, respectively.

Which are Some Prominent Drivers of Kiteboarding Equipment Market?

The tourism industry will be a major driver of kiteboarding equipment sales

The tourism sector has invested heavily in raising the growth standards of adventure sports in order to enhance global tourism. This is also a significant factor in the global market's growth. Social media advertising and other inbound hacks have also performed an important role in the global promotion of adventure sports.

Kiteboarding electronics companies are collaborating with tourism businesses to reach an expanded consumer base. Growing celebrity engagement in adventurous activities, combined with increased social media posts, is gaining demand among young kite boarders, which is predicted to become a major trend in the marketplace. Social media is assisting to increase the number of kiteboarding enthusiasts.

The integration of kiteboarding in the Olympics will remarkably boost the industry

The involvement of kiteboarding in the Olympics is the primary factor propelling the expansion of the global kiteboarding equipment market. Kiteboarding has gained popularity in recent years, with individuals from all over the world participating. Many folks are becoming drawn to alternative physical activities such as exterior and adventure sports, including kiteboarding, as a result of greater health consciousness and a desire to remain fit and healthy.

Many kiteboarding competitions are held around the world, and people from all over the world compete. In 2018, kiteboarding made its debut at the Youth Olympic Games (YOG) in Buenos Aires. The International Olympic Committee's (IOC) Executive Board declared the sport's participation in the Summer Olympics in Paris in 2024.

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What are the Challenges Faced by the Kiteboarding Equipment Market?

Kiteboarding's high cost and corresponding dangers are impeding demand growth

Kiteboarding is regarded as a dangerous sport. A large number of fatalities and drownings have occurred while kiteboarding, which has hampered the adoption of kiteboarding equipment.

Escalating climate change and its consequences are also inclined to stymie market growth. Kiteboarding is also an expensive sport. Purchases of safety equipment are prohibitively expensive for consumers. This particular factor discourages people from choosing kiteboarding, which naturally decelerates the global market's growth.

Comparative View of Adjacent Kiteboarding Equipment Markets

Kiteboarding Equipment Market :

Attributes

Kiteboarding Equipment Market

CAGR (2023-2033)

14.7%

Market Value (2033)

US$ 4,109.23 Million

Growth Factor

Kiteboarding equipment demand is growing as social networking raises awareness of the sport. Kiteboarding is largely regarded as an adventurous sport, particularly in beach and water-coast countries.

Opportunity

This increased participation, as well as an increase in the number of kiteboarding events held worldwide, has increased demand for kiteboarding equipment and sports events.

Surfboard Market :

Attributes

Surfboard Market

CAGR (2023-2033)

6.7%

Market Value (2033)

US$ 9.02 Billion

Growth Factor

The growing interest of the urban population in inventive sports activities, as well as the expansion of the global tourism industry, can be attributed to the rise of the surfboard market. These activities include surfing, kayaking, scuba diving, jet skiing, parasailing, bungee jumping, and others.

Opportunity

Surfboard manufacturers are creating sustainable surfboards that are constructed with eco-friendly materials and help to reduce carbon footprints during production.

Which Regional Market is the Most Profitable for Kiteboarding Equipment Manufacturers?

Enhanced kiteboarding awareness via social networks is driving up requirements for kiteboarding equipment. Kiteboarding is widely regarded as an adventurous sport, particularly in beach and water-coast nations. Governments in countries such as the United States and Canada are going to encourage water-based adventure sports and activities such as kiteboarding to boost the tourism industry. As a result, these factors are expected to propel the market in North America.

By 2033, Europe is expected to contribute 48%. Europe is home to certain popular brands, such as F-ONE and Switch Kiteboarding. The region has many beautiful destinations and is home to a number of kiteboarding schools. It has one of the most advanced kiteboarding markets all over the world.

There are numerous places in the region that provide leisure kiteboarding, which can be relished by both experts and newbie participants. Kiteboarding is popular in many countries, including Spain, Italy, Greece, and the Netherlands. Prominent schools in the region include KC Kite School IKO Center (Italy), Wind Riders (Italy), Movement Sports (the Netherlands), KiteSafe (the Netherlands), KTS Kite Tarifa School (Spain), and DELTAKITESUP (Spain).

Country-wise Analysis

What is the economic outlook for the Kiteboarding Equipment Market in the United States?

U.S. Market Benefited immensely by Vast Number of Kiteboarding Equipment Manufacturers

Due to a large number of well-known kiteboarding contests and champions in the nation, such as the Kite Foil National Championship and Formula Kite World Championship, the industry for kiteboarding equipment in the United States is projected to grow at a CAGR of 16% over the forecast timeframe.

In 2020, there were approximately 63 million visitors to the United States, a 74% decrease from 2019. The United States, on the other hand, is a pioneer in the North American kiteboarding equipment market, with hundreds of small- to medium-sized kiteboarding equipment manufacturing businesses operating throughout the country.

What is the state of the Australia Kiteboarding Equipment Market?

Australia's High Incidence of Adventure Tourism Influences Sales

Every year, a significant number of tourists visit Australia, mainly during the summer, because of their aspirations to go on adventure activities. Demand for kiteboarding equipment in Australia increased at an 8.2% CAGR from 2018 to 2022, reaching US$ 26 Million in 2021 and is predicted to exceed US$ 97 Million by the end of the forecasting period.

Country-wise Forecast CAGR's for the Kiteboarding Equipments Industry

Country CAGR

China

14%

U.S.

16%

Australia

8.2%

France

14.4%

Category-wise Insights

Which Sales Channel is generating significant revenue for kiteboarding equipment suppliers?

Third-Party Kiteboarding Equipment Revenue Surge

The emerging trend of e-commerce sales around the world is critical for market growth. Furthermore, soaring demand for social distancing and non-contact during the COVID-19 disease outbreak is likely to have an impact on people refusing to visit stores and instead ordering online via various e-Commerce platforms.

Third-party online sales are currently the most profitable sales channel, with a total valuation of US$ 346 Million in 2021. Businesses are focusing on online sales due to customers' preference for online retailers such as Amazon, Walmart, and others. The third-party online segment is expected to generate an absolute opportunity of more than US$ 1 Billion over the projected timeframe, growing with a CAGR of 16.0%.

Which equipment/gear type is most in demand in the expanding water sports industry?

Kiteboards Are the Most Prominent Equipment Across Regions

Kiteboards will account for 16.4% of the equipment/gear market by the end of 2022. Over the historic period of 2018-2022, revenues of kiteboards surged 1.5X due to significant engagement in kiteboarding games, expanding disposable income levels, and escalating surf tourism. The kiteboard segment is estimated to be worth US$ 559 Million by 2033.

Start-ups operating in the Kiteboarding Equipment Market

  • Cabrinha Kites was founded in 2000 when Cabrinha joined forces with the Pryde Group. Cabrinha Kites was purchased by Waterbound Investment Company in 2020. The new leadership will put a greater emphasis on product innovation and athlete partnerships.
  • Forty1 Kitesurfing, a start-up established by James Crook in early 2017, began by combining two passions. Forty1 Kitesurfing, based in the United Kingdom, uses Solid Edge to create low-profile hydrofoils that permit kitesurfers to ride in lighter winds and shallower waters.

Market Competition

Key players in the Kiteboarding Equipments market are North Kiteboarding, F-One, Best Kiteboarding, Cabrinha Kites, RICCI INTERNATIONAL SRL, Go Foil, Inc., Duotone, Slingshot Sports, Naish International, Peter Lynn Kiteboarding, Nobile Sports Sp. z o.o., Airush Kiteboarding, Fly Surfer Kiteboarding, Crazy Fly s.r.o., Eleveight, Switch Kiteboarding, Core Kiteboarding GmbH, Kite Attitude, Fletcher Chouinard Designs, Inc, and Lite Wave Designs.

  • In 2021, Duotone introduced a brand-new product called kite bags, in addition to some recycled plastic apparel. Consumers' growing focus on environmental conservation will generate sales of such products.
  • In 2021, North Kiteboarding launched one freeride kite, which is lower in weight. In addition, the company used lightweight bladders throughout the board, refined the shape, and recalibrated the short responsive bridle for quick, accelerating depower.
  • Slingshot Sports released a new kiteboarding device called the SST V6 kite in 2021. The SST V6 is lighter and more streamlined, with a strategic approach that improves wave performance.

Market Segments Covered in Kiteboarding Equipment Industry Research

  • By Equipment/Gear :

    • Kiteboards
      • Twin-Tip Kiteboards
      • Light Wind Kiteboards
      • Wave Kiteboards
      • Foil Kiteboards
      • Other Types
    • Kites
      • C-Kites
      • Hybrid C-Kites
      • Delta Kites
      • Foil Kites
    • Kite Bars
      • 3-Line Kite Bars
      • 4-Line Kite Bars
      • 5-Line Kite Bars
    • Kite Harness
      • Waist Harness
      • Seat Harness
    • Safety Gears
      • Eye Protection Gear
      • Impact and Flotation Vests
      • Helmets
    • Accessories
      • Straps and Bindings
      • Kite Pumps
      • Wind Meters
  • By Kiteboard Size :

    • <130 cm Kiteboards
    • 131 – 140 cm Kiteboards
    • 141 – 150 cm Kiteboards
    • >150 cm Kiteboards
  • By Kite Size :

    • <8 meter Kites
    • 9 – 13 meter Kites
    • 14 – 18 meter Kites
    • >18 meter Kites
  • By Consumer Orientation :

    • Men
    • Women
    • Unisex
    • Kids
  • By Sales Channel :

    • Specialty Sports Outlets
    • Direct to Customers
    • Supermarkets & Hypermarkets
    • Third-party Online
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia
    • Oceania
    • Middle East & Africa

- FAQs -

What is the valuation of the kiteboarding equipment market in 2022?

The global kiteboarding equipment market is estimated to reach a valuation of more than US$ 909 Million in 2022.

What is the growth rate of the kiteboarding equipment market?

Kiteboarding equipment sales are projected to increase at a CAGR of 14.7% during 2023–2033.

What was the CAGR for the period of 2018-2022?

Value sales of kiteboarding equipment increased at a CAGR of 8.9% during 2018–2022.

What is majorly driving demand for kiteboarding equipment?

Increasing participation in recreational water sports is one of the primary factors driving demand for kiteboarding equipment.

Who are the key manufacturers of kiteboarding equipment?

North Kiteboarding, F-One, Best Kiteboarding, Cabrinha Kites, RICCI INTERNATIONAL SRL, Go Foil, Inc., and Duotone are prominent kiteboarding equipment suppliers.

What is the market share for Europe in the global kiteboarding equipment market?

Europe accounted for over 33% market share in the global kiteboarding equipment in 2022.

What is the growth rate of Oceania in the global market?

The Oceania kiteboarding equipment market is projected to expand at a CAGR of around 13.5% during 2023–2033.

Which product is dominating the market for kiteboarding equipment?

Kites held a dominating position with 36% market share in kiteboarding equipment industry in 2021.

Kiteboarding Equipment Market

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