Overview
On the basis of region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe(Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (India, Japan, China, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
North America dominated the water sports gear market in 2019 and is expected to grow at a steady pace during the forecast period. However, Asia-Pacific experiences rapid growth in the water sports gear market in terms of value sales during the forecast period.
North America is studied across the U.S., Canada, and Mexico. North America is the biggest region in the world where the sports industry plays an important role in the reinforcement of better sports facilities including advanced sports equipment to the players. In 2019, North America holds the maximum share in the water sports gear market in terms of value sales.
Key market trends, growth factors, and opportunities
The U.S. leads the market, in terms of value sales in North America and is one of the major consumers of water sports gear globally.
U.S. and Canada are the biggest sport nations in the world furnishing number of sport conditioning & installations, structure, and hosts monthly events in the metropolises similar as New York, Los Angeles, Boston, Toronto, and Vancouver. According to out-of-door assiduity association, Americans spend roughly$29.0 billion each time on water sports gear, accessories, and vehicles. Also, kayaking and stand up paddles boarding are among the popular watersports preferred by Americans. In addition, the Canadian government continually supports and encourages the Canadian population to share in sports and recreation conditioning and has also hosted sports events. Owing to this, the consumer geste in North America has changed as being more active and growing their interest toward sports especially water sport conditioning. Hence, these countries are the big Requests for the water sports gear to witness exponential growth in the sports assiduity. Also, consumers in the region are decreasingly espousing healthy life, which is leading to the increase in number of water sports suckers, which in turn drives the demand for water sports gear in this region. This in turn propels the growth of the water sports gear request in North America.
Market size and forecast, by product type
The North America water sports gear market was valued at $17,008.2 million in 2019, and is projected to reach $20,587.0 million by 2027, growing at a CAGR of 2.6% from 2020 to 2027. The watersports clothes segment was the highest contributor with $3,266.9 million in 2019, and is estimated to reach $3,535.1 million by 2027, registering a CAGR of 1.1%. The safety helmets is estimated to reach $1,371.8 million by 2027 at a CAGR of 4.3%. The watersports clothes and buoyancy control device (BCD) segments collectively accounted for around 34.7% share in 2019, with the former constituting around 19.2% share. The safety helmets and watches segments are expected to witness significant CAGRs of 4.3% and 3.9% respectively, during the forecast period. The cumulative share of these two segments was 17.8% in 2019, and is anticipated to reach 19.9% by 2027.
| product type | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR (2020- 2027) |
| Safety Helmets | 992.3 | 1,024.20 | 1,062.60 | 1,105.20 | 1,151.30 | 1,201.30 | 1,254.60 | 1,310.90 | 1,371.80 | 4.30% |
| Watches | 2,030.20 | 2,086.60 | 2,155.80 | 2,233.40 | 2,317.90 | 2,409.90 | 2,508.00 | 2,611.70 | 2,724.40 | 3.90% |
| Life Jackets | 1,688.40 | 1,735.10 | 1,792.50 | 1,857.00 | 1,927.20 | 2,003.70 | 2,085.40 | 2,171.90 | 2,265.90 | 3.90% |
| Swim Fins | 1,766.50 | 1,814.70 | 1,873.90 | 1,940.30 | 2,012.50 | 2,091.10 | 2,174.80 | 2,263.10 | 2,359.10 | 3.80% |
| BCD | 2,634.70 | 2,653.70 | 2,686.80 | 2,728.00 | 2,774.80 | 2,827.50 | 2,884.10 | 2,943.70 | 3,009.80 | 1.80% |
| Swim Mask & Goggles | 2,306.30 | 2,319.40 | 2,344.80 | 2,377.20 | 2,414.40 | 2,456.70 | 2,502.30 | 2,550.30 | 2,603.90 | 1.70% |
| Watersports Clothes | 3,266.90 | 3,269.60 | 3,289.00 | 3,317.50 | 3,351.90 | 3,392.30 | 3,436.30 | 3,482.60 | 3,535.10 | 1.10% |
| Others | 2,323.00 | 2,346.40 | 2,382.60 | 2,426.10 | 2,475.00 | 2,529.50 | 2,587.90 | 2,649.40 | 2,717.10 | 2.10% |
| Total | 17,008.20 | 17,249.70 | 17,588.10 | 17,984.60 | 18,425.00 | 18,911.90 | 19,433.30 | 19,983.50 | 20,587.00 | 2.60% |
Market size and forecast, by age group
The North America water sports gear market was valued at $17,009.0 million in 2019, and is projected to reach $20,588.0 million by 2027, growing at a CAGR of 2.6% from 2020 to 2027.
The adult segment was the highest contributor with $7,311.0 million in 2019, and is estimated to reach $8,436.9 million by 2027, registering a CAGR of 1.9%.
The geriatric segment is estimated to reach $3,476.8 million by 2027 at a CAGR of 3.2%.
The adult and kid segments collectively accounted for around 83.9% share in 2019, with the former constituting around 43.0% share.
The geriatric and kid segments are expected to witness significant CAGRs of 3.2% and 2.9% respectively, during the forecast period. The cumulative share of these two segments was 57.0% in 2019, and is anticipated to reach 59.0% by 2027.
| ge Group | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR (2020- 2027) |
| Kid | 6964.30 | 7088.80 | 7444.30 | 7653.90 | 7884.30 | 8130.50 | 8390.30 | 8,390.30 | 8,674.30 | 2.90% |
| Adult | 7311.00 | 7371.60 | 7472.10 | 7595.60 | 7735.50 | 7892.50 | 8061.40 | 8239.60 | 8436.90 | 1.90% |
| Geriatric | 2733.70 | 2790.10 | 2862.70 | 2945.60 | 3036.50 | 3136.10 | 3242.30 | 3354.50 | 3476.80 | 3.20% |
| Total | 17009.00 | 17250.50 | 17588.90 | 17985.50 | 18425.90 | 18912.80 | 19434.20 | 19984.50 | 20588.00 | 2.60% |
Market size and forecast, by distribution channel
The North America water sports gear market was valued at $17,009.0 million in 2019, and is projected to reach $20,588.0 million by 2027, growing at a CAGR of 2.6% from 2020 to 2027.
The franchise stores segment was the highest contributor with $5,040.1 million in 2019, and is estimated to reach $5,666.6 million by 2027, registering a CAGR of 1.6%. The online stores is estimated to reach $4,510.2 million by 2027 at a CAGR of 4.1%.
The franchise stores and specialty stores segments collectively accounted for around 56.3% share in
2019, with the former constituting around 29.6% share.
The online stores and supermarket/hypermarket segments are expected to witness significant CAGRs of 4.1% and 3.1% respectively, during the forecast period.
The cumulative share of these two segments was 33.1% in 2019, and is anticipated to reach 36.1% by 2027.
| DISTRIBUTION CHANNEL | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR (2020- 2027) |
| Specialty Stores | 4534.2 | 4563.9 | 4618.0 | 4685.9 | 4763.5 | 4851.3 | 4945.9 | 5045.7 | 5156.6 | 1.80% |
| Franchise stores | 5040.1 | 5066.2 | 5119.2 | 5187.2 | 5265.7 | 5355.0 | 5451.4 | 5553.1 | 5666.6 | 1.60% |
| Online Stores | 3309.9 | 3410.0 | 3530.9 | 3665.7 | 3811.9 | 3970.5 | 4139.2 | 4317.2 | 4510.2 | 4.10% |
| Supermarket/Hypermarket | 2314.0 | 2358.8 | 2417.3 | 2484.4 | 2558.3 | 2639.4 | 2726.1 | 2817.8 | 2917.9 | 3.10% |
| Others | 1810.8 | 1851.7 | 1903.5 | 1962.2 | 2026.5 | 2096.7 | 2171.6 | 2250.6 | 2336.7 | 3.40% |
| Total | 17009.0 | 17250.5 | 17588.9 | 17985.5 | 18425.9 | 18912.8 | 19434.2 | 19984.5 | 20588.0 | 2.60% |
Market size and forecast, by country
The North America water sports gear market was valued at $17,009.0 million in 2019, and is projected to reach $20,588.0 million by 2027, registering a CAGR of 2.6%.
U.S. was the highest revenue contributor with $7,092.8 million in 2019, and is estimated to reach $8,235.2 million by 2027, registering a CAGR of 2.0%.
Canada is estimated to reach $5,661.7 million by 2027, at a significant CAGR of 3.8%.
U.S. and Mexico collectively accounted for around 75.0% share in 2019, with the former constituting around 41.7% share.
Canada and Mexico are expected to witness considerable CAGRs of 3.8% and 2.2%, respectively, during the forecast period. The cumulative share of these two countries was 58.3% in 2019, and is anticipated to reach 60.0% by 2027.
| COUNTRY | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | CAGR (2020- 2027) |
| USA | 7092.80 | 7156.80 | 7259.80 | 7385.30 | 7527.00 | 7685.70 | 7856.30 | 8036.30 | 8235.20 | 2.00% |
| Canada | 4252.30 | 4366.50 | 4507.10 | 4665.00 | 4836.80 | 5023.70 | 5222.90 | 5433.30 | 5661.70 | 3.80% |
| Mexcio | 5664.00 | 5727.20 | 5821.90 | 5935.20 | 6062.10 | 6203.40 | 6355.00 | 6514.90 | 6691.10 | 2.20% |
| Total | 17009.00 | 17250.50 | 17588.90 | 17985.50 | 18425.90 | 18912.80 | 19434.20 | 19984.50 | 20588.00 | 2.60% |
