Water Sports Equipment - Armenia
Armenia- in Armenia, a country known for its rich history and cultural heritage, also has a significant presence in the Water Sports Equipment market.
- In 2024, the revenue in this market segment for Armenia amounts to US$11.0m units of its local currency.
- This showcases the economic potential and consumer demand for water sports equipment within the country.
- Looking ahead, the market is projected to experience steady growth with an annual increase of 6.21% (CAGR 2024-2029).
- This positive trend indicates the growing interest and participation in water sports activities among the Armenian population.
- In a global comparison, India stands out as the leading revenue generator in the Water Sports Equipment market, with an impressive revenue of US$2.1bn units of its local currency in 2024.
- This highlights the significant market size and potential in the Indian market.
- When considering the per person revenues in the Water Sports Equipment market, in Armenia generates approximately US$3.95 units of its local currency per person in 2024.
- This figure reflects the level of consumer spending and highlights the importance of this market segment within the country's overall economy.
- Armenia's water sports equipment market is experiencing rapid growth due to the country's increasing interest in outdoor activities and the availability of natural water bodies.
- Key regions:
- Asia,
- Italy,
- Worldwide,
- China,
- Europe
Definition:
Water sports equipment includes products designed for various water-related activities such as swimming, diving, surfing, and kayaking. This category includes swimsuits, wetsuits, fins, goggles, snorkels, surfboards, kayaks, and other protective gear. Technological advancements, increasing interest in water sports, and the growing popularity of beach tourism are some of the factors driving the water sports equipment market.
Additional Information:
The market comprises revenue and average revenue per capita. Figures are generated through both online and offline sales channels and include spending by consumers (B2C). Key players in the market are companies like Johnson Outdoors, Arena, Decathlon, and Aqua Lung. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.
In-Scope
- Sailboards, surfboards, bodyboards, and paddles
- Kayaks
- Water skis and wakeboards
- Swimming and snorkeling gear
Out-Of-Scope
- Swimsuits, wetsuits, and other sports apparel
- Flip-flops, sandals, beach shoes, and sports footwear
