Saudi Arabia Water Sports Gear Market Overview, 2028
Saudi Arabia has a lengthy coastline along the Red Sea and the Arabian Gulf, which provides plenty of opportunities for water sports aficionados. The country's geographical diversity provides a ran... もっと見る
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SummarySaudi Arabia has a lengthy coastline along the Red Sea and the Arabian Gulf, which provides plenty of opportunities for water sports aficionados. The country's geographical diversity provides a range of conditions suited for activities such as snorkeling, scuba diving, jet skiing, and more, from the turquoise seas of the Red Sea to the tranquil bays and inlets. The Saudi people are becoming more interested in outdoor recreational activities. Water sports have grown in popularity as a way to appreciate the natural beauty of the coastline while being physically active, as people strive to live active and healthy lives. As part of its Vision 2030 project, the Saudi government has actively promoted sports and outdoor activities. This vision seeks to diversify the economy, increase tourism, and enhance the general quality of life. As a result, there is a greater emphasis on water-based leisure and adventure sports, which increases demand for appropriate equipment. Saudi Arabia is investing heavily in its tourism sector in order to attract both domestic and foreign visitors. Water activities, including snorkeling, diving, and sailing, are important components of the country's tourism offerings, increasing demand for water sports equipment rental and purchase. Water sports activities have become more popular as a result of the development of luxury resorts along the Red Sea and the Arabian Gulf. These resorts provide easy access to a variety of water-based activities, providing a market for equipment rentals and sales. The country's mild temperatures and lengthy summers provide great conditions for water sports all year. This steady weather encourages people to try water-based activities, which increase the demand for proper equipment.According to the research report "Saudi Arabia Water Sports Gear Market Overview, 2028," published by Bonafide Research, the Saudi Arabia Water Sports Gear market is projected to reach market size of USD 137.61 Million by 2028. Saudi Arabia's Red Sea coastline is well-known for its extensive marine life. Water sports equipment, especially snorkeling and scuba diving gear, is designed to provide immersive experiences in this lively underwater world. Snorkels, masks, and fins designed for good visibility and simple exploration of coral reefs and marine ecosystems are examples of specialized equipment. Saudi Arabian water sports equipment takes cultural norms and sensitivities into account. Modesty is frequently preserved through specifically made swimsuits and rash guards that match local conventions, ensuring that all participants have a comfortable and culturally appropriate experience. The water sports gear market is responding to Saudi Arabia's investment in luxury resorts along its coastline with high-end equipment and apparel. Luxury resorts frequently provide premium equipment rentals and sales to ensure that visitors have access to high-quality equipment that matches the exquisite experience they expect. The coastal parts of Saudi Arabia include spectacular vistas and breathtaking scenery. Water sports equipment, such as stand-up paddle boards, windsurfing equipment, and kayaks, caters to people who wish to enjoy the scenery while participating in their favourite activities. The warm climate of Saudi Arabia allows for year-round participation in water sports. The versatility of water sports equipment rests in its capacity to adapt to changing weather conditions, allowing fans to participate in their favourite activities regardless of the season. The product type of the market include, 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). Swim mask and goggles product type is expected to grow at the fastest rate during the forecast period. Saudi Arabia's Red Sea shoreline is known for its rich and dynamic marine ecosystems. Snorkeling and underwater exploration are popular pastimes for both residents and visitors. Swim masks and goggles enhance the experience by providing great visibility underwater, allowing fans to get up close and personal with coral reefs, colorful fish, and other marine life. Swim masks and goggles are simple to use and appropriate for people of all ability levels, including beginners. Swim masks and goggles provide an accessible entrance point for people wishing to explore the underwater world without substantial training or equipment as water sports become more popular in Saudi Arabia. Based on age group market is divided into adults, kids, and geriatric. Kids age group segment is predicted to grow at significant rate during the anticipated time frame. Outdoor activities are increasingly important for children's physical and cognitive development in Saudi Arabia, according to parents. Water sports provide an exciting opportunity for children to interact with nature and learn about marine life, building an appreciation for the environment. Early exposure to water activities is valued by Saudi parents as a technique for instilling confidence and aquatic proficiency in their children. Water sports equipment for children, such as floating devices and snorkeling kits, aids with this process. Majority of the water sports gear products are distributed through franchise stores in Saudi Arabia. Franchise outlets are strategically positioned around Saudi Arabia in significant cities, tourist sites, and leisure locations. This regional presence guarantees that water sports enthusiasts, tourists, and locals alike have easy access to a variety of gear alternatives without having to drive far. Franchise stores provide for direct consumer interaction, which fosters a sense of community among water sports enthusiasts. Customers can share their experiences, ask questions, and receive tips, resulting in a welcoming environment for their water sports adventure. Considered in this report: • Geography: Saudi Arabia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report: • Saudi Arabia 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. Table of ContentsTable of Contents1. 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. Saudi Arabia 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. Saudi Arabia 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. Saudi Arabia Water Sports Gear Market Segmentations 7.1. Saudi Arabia Water Sports Gear Market, By Product Type 7.1.1. Saudi Arabia Water Sports Gear Market Size, By Water Sports Clothes, 2017-2028 7.1.2. Saudi Arabia Water Sports Gear Market Size, By Boards, 2017-2028 7.1.3. Saudi Arabia Water Sports Gear Market Size, By Sailboat, 2017-2028 7.1.4. Saudi Arabia Water Sports Gear Market Size, By Swim Mask & Goggles, 2017-2028 7.1.5. Saudi Arabia Water Sports Gear Market Size, By Personal Watercraft, 2017-2028 7.1.6. Saudi Arabia Water Sports Gear Market Size, By Life Jackets, 2017-2028 7.1.7. Saudi Arabia Water Sports Gear Market Size, By BCD (Buoyancy Control Device), 2017-2028 7.1.8. Saudi Arabia Water Sports Gear Market Size, By Cylinder & Diving Propulsion Vehicle, 2017-2028 7.1.9. Saudi Arabia Water Sports Gear Market Size, By Swim Fins, 2017-2028 7.1.10. Saudi Arabia Water Sports Gear Market Size, By Decompression Chamber, 2017-2028 7.1.11. Saudi Arabia Water Sports Gear Market Size, By Others, 2017-2028 7.2. Saudi Arabia Water Sports Gear Market, By Age Group 7.2.1. Saudi Arabia Water Sports Gear Market Size, By Adults, 2017-2028 7.2.2. Saudi Arabia Water Sports Gear Market Size, By Kids, 2017-2028 7.2.3. Saudi Arabia Water Sports Gear Market Size, By Geriatric, 2017-2028 7.3. Saudi Arabia Water Sports Gear Market, By Distribution Channel 7.3.1. Saudi Arabia Water Sports Gear Market Size, By Franchise Store, 2017-2028 7.3.2. Saudi Arabia Water Sports Gear Market Size, By Specialty Store, 2017-2028 7.3.3. Saudi Arabia Water Sports Gear Market Size, By Online Store, 2017-2028 7.3.4. Saudi Arabia Water Sports Gear Market Size, By Supermarket/Hypermarket, 2017-2028 7.3.5. Saudi Arabia Water Sports Gear Market Size, By Others, 2017-2028 8. Saudi Arabia 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: Saudi Arabia 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 Saudi Arabia Water Sports Gear Market List of Table Table 1 : Influencing Factors for Saudi Arabia Water Sports Gear Market, 2022 Table 2: Saudi Arabia Water Sports Gear Market Size and Forecast By Product Type (2017, 2022 & 2028F) Table 3: Saudi Arabia Water Sports Gear Market Size and Forecast By Age Group (2017, 2022 & 2028F) Table 4: Saudi Arabia Water Sports Gear Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F) Table 5: Saudi Arabia Water Sports Gear Market Size of Water Sports Clothes (2017 to 2028) in USD Billion Table 6: Saudi Arabia Water Sports Gear Market Size of Boards (2017 to 2028) in USD Billion Table 7: Saudi Arabia Water Sports Gear Market Size of Sailboat (2017 to 2028) in USD Billion Table 8: Saudi Arabia Water Sports Gear Market Size of Swim Mask & Goggles (2017 to 2028) in USD Billion Table 9: Saudi Arabia Water Sports Gear Market Size of Personal Watercraft (2017 to 2028) in USD Billion Table 10: Saudi Arabia Water Sports Gear Market Size of Life Jackets (2017 to 2028) in USD Billion Table 11: Saudi Arabia Water Sports Gear Market Size of BCD (Buoyancy Control Device) (2017 to 2028) in USD Billion Table 12: Saudi Arabia Water Sports Gear Market Size of Cylinder & Diving Propulsion Vehicle (2017 to 2028) in USD Billion Table 13: Saudi Arabia Water Sports Gear Market Size of Swim Fins (2017 to 2028) in USD Billion Table 14: Saudi Arabia Water Sports Gear Market Size of Decompression Chamber (2017 to 2028) in USD Billion Table 15: Saudi Arabia Water Sports Gear Market Size of Others (2017 to 2028) in USD Billion Table 16: Saudi Arabia Water Sports Gear Market Size of Adults (2017 to 2028) in USD Billion Table 17: Saudi Arabia Water Sports Gear Market Size of Kids (2017 to 2028) in USD Billion Table 18: Saudi Arabia Water Sports Gear Market Size of Geriatric (2017 to 2028) in USD Billion Table 19: Saudi Arabia Water Sports Gear Market Size of Franchise Store (2017 to 2028) in USD Billion Table 20: Saudi Arabia Water Sports Gear Market Size of Specialty Store (2017 to 2028) in USD Billion Table 21: Saudi Arabia Water Sports Gear Market Size of Online Store (2017 to 2028) in USD Billion Table 22: Saudi Arabia Water Sports Gear Market Size of Supermarket/Hypermarket (2017 to 2028) in USD Billion Table 23: Saudi Arabia Water Sports Gear Market Size of Others (2017 to 2028) in USD Billion
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