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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
A 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.
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.
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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In North America, participation rate in the paddle sports has exhibit a huge surge. For promotion of adventure tourism governments in the region are focusing on establishing championships, for propelling the popularity of such sports. By virtue of this, North America and Latin America is projected to account for largest market share in the global canoes market.
For Instance, The Pan Am Championships held every year in the America is considered as the most important canoeing championship. Europe is expected to have significant share in the global canoes market owing to the increase in tourism industry in European countries.
Asia Pacific region is also anticipated to have noteworthy share in the global canoes market. The increasing disposable income of population combined with increasing interest in the tourism will contribute to the growth of canoes market in the region.
The research report on the Canoes Market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The Canoes market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, product type, material, application.
The global Canoes market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.