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Rising Demand from Consumers to Push Sales of Canoes Market

canoe is narrow lightweight vessel, open on top and usually pointed at the ends. Propulsion is done using single-bladed paddle by one or more kneeling or seated paddlers facing the travel direction. Canoes have wide-ranging applications for competition and pleasure, such as touring & camping, racing, whitewater, playboating, and general recreation. The deliberate use of canoes defines its length, hull shape and construction material. Former canoes were made of wood frame covered with canvas, then materials evolved to aluminum. Modern Canoes are formed with molded plastic or composites like fiberglass. In countries like New Zealand, Canada and some northern United States canoes are important theme in popular culture and in some places it is also used as mean of transport for trade and exploration. Sport enthusiasm for soft adventure sports is the vital driver fueling the growth of Canoes Market. Additionally, increasing awareness for health & fitness has been rapidly surging, encouraging people to take part in sports and recreational activities such as kayaking and rafting, coherently boosting the growth of the global canoes market.

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The global canoes market is comparatively more competitive across established western markets. Technological upgrades and prevalent competition are being likely to have a positive influence on the market expansion.

FACTS AT A GLANCE

Companies: Aquarius,Dock Marine Systems,Hody Sport,KL Outdoor,Linder,Mad River,Nautiraid – Squale – Ckl,Nelo,NeoBoat,Nova Craft,Old Town,Osagian Canoes,Pakboats/ScanSport, Inc,Pelican International,Plastex Composite,RTM Kayaks,Tahe Kayaks,We.no.nah,Wing Systems

Coverage: All major geographies and key segments

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Segments: Canoes Market Segmented By product type such as Single Seater, Two Seater, Three Seater, Four Seater with material such as Wooden, Metal, Plastic and Composites

Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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ABSTRACT-

The number of sport enthusiasts are showing interest in alternate physical outdoor and adventure sports including rafting, scuba diving, stand-up paddle boarding, canoeing, kayaking, and snorkeling which has increased recently. By virtue of the adventure along with health benefits, water sports like canoeing and kayaking are being most preferred recreational activity among these. This is projected to drive the canoes market over the slated time period Furthermore, to augment the revenue generation from the tourism industry, governments around the world are promoting water sports industry by hiring tour operators and implementing promotional campaigns. These are the key drivers projected to propel the growth of canoes market.

Increasing recreational activities coupled with significant fishing across the world is projected to drive the global demand for canoes market over the forecast period. Furthermore, technological advancement in technology will also accelerate the sales of canoes market during the forecast period. The canoeing equipment are being offered on a rental basis by virtue of the high cost. This factor is expected to hamper the growth of market in the coming years.

The manufacturers are focusing on technological advancements such as the molded composites like plastic or fiberglass which are being used for production of canoes instead of wood and aluminium.

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