404
+1-313-307-4176
sales@stratviewresearch.com
Kneeboards Market Report
Kneeboards Market, By Application (Adult, Children), Distribution Channel (Online Sale, Offline Sale), and Region - COVID-19 Impact Analysis and Forecast to 2026.
This market research report provides in-depth information on ...
Impact of COVID-19 on Kneeboards Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Kneeboards market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of around x% during the forecast period.
Wish to get a free sample? Register Here
Kneeboards are designed to ride a short surfboard or wakeboard in a kneeling position. It is a unique water sport and a recreational activity. Kneeboarding requires lesser physical skills as compared to other water sports such as wakeboarding or surfing. Kneeboarding is more popular among novices and children, who are yet to get introduced to various water sports.
Key players operating in the Kneeboards market are-
The growth of the kneeboards market is driven by increasing popularity among adults and children across geographies. Kneeboard is a family-oriented water sport, which is one of the key factors leading to a surge in demand for kneeboards. Growing consumer interest in water sports as a recreational activity for entertainment and leisure is expected to drive the growth of the kneeboards at a significant rate during the review period. Additionally, surging demand for advanced kneeboards with innovative features is likely to create lucrative opportunities for the market players during the review period.
By distribution channel, the kneeboards market has been bifurcated into online sales and offline sales. Under these, the offline sales segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the increasing number of people visiting offline stores to buy kneeboards.
By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is primarily attributed to the high popularity of water sports coupled with the presence of key market players such as O’Brien (US) and Connelly (US). The market growth in the Asia-Pacific region is expected to be driven by the increasing popularity of water sports in developing countries particularly China and India coupled with the rising per capita disposable income of the consumers.
The outbreak of the COVID-19 virus has affected the growth of the kneeboards market significantly. Stringent lockdown measures and restricted movement of people affected the production and product supply for a short period and thus, affected the market growth.
Here is the list of the group of customers that the kneeboards market hopes to have the greatest opportunity to convert-
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
North America is expected to register significant CAGR in the kneeboards market in the coming years.
Increasing popularity among adults and children across geographies, growing consumer interest in water sports, surging demand for advanced kneeboards with innovative features are the factors driving the growth of kneeboards market.
The offline sales segment accounted for the largest share in the kneeboards market in 2020.
O’Brien (US), Connelly (US), HO Sports (US), Jobe (Netherlands), Hot Shot (US), RAVE (Cana-da), and Renmark (South Africa) are among the key players in the kneeboards market.
Kneeboards distributors, Kneeboards suppliers, Kneeboards manufacturers, Logistics organizations, Government bodies are among the target audience in the kneeboards market.
WE ACCEPT
