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In 2023, dominant market players, including Aqua Lung International, Body Glove, Mares S.P.A., Scubapro (Johnson Outdoors) And Speedo International. The top companies collectively hold a substantial 5-10% market share. These industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research and development to improve their water sports products by incorporating new technologies, allowing them to stay ahead of the competition.
Major players operating in the water sports products industry include:
The water sports products industry size was valued at USD 38.4 billion in 2023 and is anticipated to register over 4.9% CAGR between 2024 and 2032 fueled by the increasing interest in water sports, and adventure activities, such as surfing, kayaking, paddleboarding, and snorkeling.
The commercial end user segment will witness 4.8% CAGR up to 2032 as these establishments invest significantly in safety equipment, boats, kayaks, and other gear to cater to large audiences
North America water sports products industry is expected to reach USD 20 billion by 2032 due to vibrant culture of water-based recreation and high participation rate
Airhead Sports Group, Aqua Lung International, Beuchat, Body Glove, Cressi S.p.A., Hobie Cat Company, O'Neill, Liquid Force, Mares S.p.A., Naish International, and O