Declining participation in water sports activities continue to create challenges for wakeboard manufacturers. There has been a steady decline in water participation rates, as other appealing recreational activities have gained traction. According to a research conducted by the Outdoor Industry Association, over 144 million Americans participated in various types of outdoor activities at least once in 2016.
“Fact.MR, A Market Research and Competitive Intelligence Provider” has used a versatile approach to focus attention on the historical evolution, Demand and Sales of Wakeboard Market. The research provides a comprehensive analysis of current Wakeboard key trends, major growth avenues in the estimation year, and key prospects for the forecast period of 2021-2031. Wakeboard market drivers and constraints, threats and opportunities, regional segmentation and opportunity assessment, end-use/application prospects review are addressed in the Wakeboard market survey report.
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Market Players Adopting Innovative Manufacturing Strategies to Gain a Competitive Edge
To gain a competitive edge in the wakeboard market, manufacturers are introducing innovative products in the wakeboard market. Apart from product innovation, adoption innovative marketing strategies and partnering with leading dealers in various regions may remain a popular trend in the wakeboard market. Notable examples include –
- Body Glove IP Holdings LP – an American water sports brand – recently established a distribution partnership with Shiner Ltd. – a British company – to leverage Shiner’s European network for distributing the brand’s products including wakeboard equipment in Europe.
- Radinn – a wakeboard manufacturer based in Sweden – recently launched an electric wakeboard with a swappable battery. The company launched its first electric wakeboard in 2015, which could reach up to the 28mph for a full half-hour on a single charge. The company states that the second-gen electric wakeboard is capable of reaching up to 36 mph and is much cheaper than its predecessor.
- Jobe – a leading water sports brand headquartered in the Netherlands – recently introduced its new Nitro Wakeboard Bindings that can offer better control and support to the rider. The company claims that these are the most accessible and cost-efficient bindings available in the wakeboard market.
The Wakeboard market report will improve the revenue impact of businesses in various industries by:
- Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Wakeboard market
- Identification of Wakeboard market drivers, restraints and other forces impacting the global Market
- Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Wakeboard market and offers solutions
- Evaluation of current Wakeboard market size and forecast and technological advancements within the industry.
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Wakeboard Innovation: The Key to Product Differentiation
Consumers consider a variety of factors such as length of the wakeboard, fins, and materials before making a purchase. As wakeboarding is still relatively new as compared to other water sports, demand for wakeboards for beginners is likely to remain high. As longer wakeboards are easier to ride and learn on, manufacturers are producing wakeboards with the length around 150 centimeters or above. Also, demand for compatible and comfortable bindings is likely to remain high. Market players are targeting beginners by making adjustable bindings available in the market.
Key questions answered in Wakeboard Market Survey Report:
- What is the current scenario and key trends in Wakeboard Market?
- What are the key strategies companies are adopting to increase their consumer base?
- What are the key categories within the Wakeboard segments and their future potential?
- What are the major Wakeboard Market drivers and their expected impact during the short, medium, and long terms?
- What is the Wakeboard Market size and what are the opportunities for the key players?
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The Report Covers Exhaustive Analysis On:
- Wakeboard Market Drivers, Segments and Restraints.
- Wakeboard Market Survey and Dynamics
- Wakeboard Market Size & Demand
- Wakeboard Key Trends/Issues/Challenges
- Wakeboard Sales, Competition & Companies involved
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