Presentation of the report
New research reports “Global Canoe Market Opportunities, Challenges, Strategies and Forecasts” have been added on Persistence Market Research.
This report provides an in depth study of “Canoe Market” using SWOT analysis i.e. Strengths, Weaknesses, Opportunities and Threats to the organization. The Canoe market report also provides an in-depth study of key players in the market which is based on the various objectives of an organization such as profiling, product outline, production quantity, required raw material and health organization’s financials.
A canoe is a narrow, light craft that is open at the top and usually pointed at the ends. Propulsion is done using a single-blade paddle by one or more kneeling or seated paddlers facing the direction of travel. Canoes have many applications for competition and pleasure, such as backpacking and camping, racing, white water, boating games and general recreation.
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The deliberate use of canoes defines its length, the shape of its hull and its construction material. The old canoes were made of wooden frames covered with canvas, then the materials evolved towards aluminum. Modern canoes are made of molded plastic or composites such as fiberglass.
In countries such as New Zealand, Canada and some canoes in the northern United States, canoes are an important theme in popular culture, and in some places they are also used as a means of transport for trade and transport. ‘exploration. The sports enthusiasm for soft adventure sports is the key driver for the growth of the canoe market.
Additionally, the growing awareness of health and fitness has rapidly increased, encouraging people to participate in sports and recreational activities such as kayaking and rafting, consistently boosting the growth of the global canoe market.
The global canoe market is comparatively more competitive in established Western markets. Technological upgrades and prevailing competition are likely to have a positive influence on the expansion of the market.
Canoe market: Dynamic
The number of sports enthusiasts are interested in alternative outdoor and adventure physical sports, including rafting, scuba diving, stand-up paddleboarding, canoeing, kayaking and snorkeling, which has recently increased. Due to the adventure and health benefits, water sports like canoeing and kayaking are the most preferred recreational activities among these.
This is expected to boost the canoe market over the forecast period. Furthermore, to increase revenue generation from the tourism industry, governments around the world are promoting the water sports industry by hiring tour operators and implementing promotional campaigns. These are the major drivers predicted to propel the growth of canoes market.
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Increase in recreational activities coupled with heavy fishing across the globe is expected to drive the global canoe market demand during the forecast period. Additionally, technological advancements in technology will also accelerate the sales of the canoe market over the forecast period.
Paddling equipment is available for rental due to its high cost. This factor is expected to hamper the growth of the market in the coming years.
Manufacturers focus on technological advancements such as molded composites like plastic or fiberglass which are used for canoe production instead of wood and aluminum.
Canoe market: segmentation
product type basis
Canoe Market: Regional Outlook
In North America, participation in paddle sports has skyrocketed. For the promotion of adventure tourism, governments in the region are focusing on establishing championships, to propel the popularity of these sports. Under this, North America and Latin America are expected to account for the largest market share in the global canoe market.
For example, the Pan American Championships held annually in America are considered the most important canoeing championship. Europe is expected to have a major share in the global canoe market owing to the increase in tourism industry in European countries.
The Asia-Pacific region is also expected to have a notable share in the global canoe market. The increase in the disposable income of the people combined with the growing interest in tourism will contribute to the growth of the canoe market in the region.
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Canoe Market: Key Players
Marine Dock Systems
Nautiraid – Shark – Ckl
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