Kneeboards Market Growth Analysis

Market Insights

The Kneeboards Market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global market.

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What are kneeboards?

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

Key players operating in the kneeboards market are-

• O’Brien (US)
• Connelly (US)
• HO Sports (US)
• Jobe (Netherlands)
• Hot Shot (US)
• RAVE (Canada)
• Renmark (South Africa)

Market Dynamics

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.
• Additionally, surging demand for advanced kneeboards with innovative features. 

Segment Analysis

Distribution Channel Trends

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.

Regional Trends

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.

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Market Segmentation

The kneeboards market is segmented into the following categories. 

By Application Type

• Adult
• Children

By Distribution Type

• Online Sale
• Offline Sale

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: India, Japan, China, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

COVID-19 Impact

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.

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Target Audience

Here is the list of the group of customers that the kneeboards market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Trend and forecast analysis.
• Segment trends and forecast.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data

We conducted more than 10 detailed primary interviews with companies across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the 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 to sales@stratviewresearch.com.