Increasing Participation in Recreational Water Sports Driving High Need for Towable Tubes, Says Fact.MR


FACT.MR

North America is the largest market for towable tubes with the growing inclination of tourists and residents towards water sports

Dublin, Ireland, Aug. 29, 2022 (GLOBE NEWSWIRE) — According to Fact.MR’s latest report on towable tubes, the global market is valued at US$ 434.8 million and is predicted to expand at a CAGR of 4.7% from 2022 to 2032.

Companies are launching products with various updated features that make water sports more exciting and also safe for people. Tubes are equipped with seat belts, deep seats, ankle protection, head & neck support, and more. All these features make towable tubes an attractive and safe product. Companies are also benefitted from the growing adventure tourism sector, especially water sports.

Water sports is one of the most popular and fun family recreational activities. Various types of tubes are available to suit the comfort and style of users. As they are economical, demand for water tubing is rising across the world. Governments are also making due efforts to ensure the safety of tourists/ visitors around water bodies. Various standards made by governments to ensure safety are encouraging more people to move towards water activities/sports.

Get Sample PDF of This Research Report with Detailed Table of Content: https://www.factmr.com/connectus/sample?flag=S&rep_id=824

Key Takeaways from Market Study

  • By product type, partially covered towable tubes holds a market share of 65.3%.

  • By capacity, 2 rider segment is projected to expand at a CAGR of 5.5% during 2022-2032.

  • Among the sales channels, online sales accounts for 33.8% market share in 2022 and is predicted to progress at a higher CAGR of 5.1% through 2032.

  • North America holds 32.2% share of the global towable tubes market.

Market Development

The strategy for participants in the towable tubes market has been to focus on emerging markets where water sports is growing, and also focus on reaching water sports enthusiasts through digitization (selling online).

To deliver innovative towable tubes that are safe, sustainable, and economical & suited to the unique needs of end users, manufacturers need to improve their manufacturing capacity. Additionally, manufacturers of towable tubes should continue to prioritize working with end users so that they can develop customized products in terms of safety, economical price, and new additional features.

Speak to Analyst:

https://www.factmr.com/connectus/sample?flag=AE&rep_id=824

Competition Landscape

Airhead, Connelly Water Sports, Dreamer Inflatables, Gladiator, Havasu Water Sports, HO Sports, Intex Recreational Corp, iOcean Sports, Jobe Sports, MESLE Water Sports, O’Brien Watersports, Scheels Sports, and Sportsstuff, Inc. are leading manufacturers in the towable tubes market.

Major manufacturers of towable tubes are employing innovative solutions and key strategies such as customization and printing as their core competence. In addition, they are also conducting or sponsoring water sports events to spread awareness regarding their brands and product offerings. Online platforms are also playing a crucial role in the revenue generation of manufacturers of towable tubes.

Fact.MR has given in-depth information about the various strategies used by players in the towable tubes market, along with a sales analysis of towable tubes and top towable tube manufacturers, including SWOT analysis and sales generated by top towable tube manufacturers positioned across geographies .

Segmentation of Towable Tubes Industry Research

  • By Product Type :

  • By Capacity :

    • 1 Rider

    • 2 Riders

    • 3 Riders

    • 4+ Riders

  • By BuildType :

  • By Sales Channel :

    • Offline

      • Modern Trade

      • Sports Outlets

      • Others

    • Online

      • eCommerce Websites

      • Company-owned Websites

  • By Region :

Quick Buy – Matting Agents Market Research Report: https://www.factmr.com/checkout/824

More Valuable Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the towable tubes market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on product type (open top tubes, deck tubes, ride-in & cockpit style tubes, dual tow point tubes, banana style tubes, rocker tubes, other product types), capacity (1 rider, 2 riders, 3 riders, 4+ riders), build type (partially covered towable tubes, fully covered towable tubes), and sales channel (offline (modern trade, sports outlets (franchised, independent), others), online (e-Commerce websites, company /brand websites)), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).

Check out more related studies published by Fact.MR Research:

Steel Tubes Market – The requirement for assembling systems at sophisticated offshore construction sites as well as the building of new transmission lines required to transfer oil & gas from drilling sites to customers are factors driving the demand growth for seamless steel pipes.

Air Heater Tubes Market – Air heaters find a variety of applications in residential, commercial or industrial. While residential and commercial applications use air heaters room heaters or HVAC system, industrial application include drying, melting, preheating, calcining, and other chemical processes. As infrastructures are transforming worldwide, demand for central heating systems has propelled air heater installation, in turn, driving the air heater tubes market.

Towing Ropes Market – According to latest research by Fact.MR, towing ropes market is set to witness growth during assessment period of 2021-2031. Increasing demand to tug ships at harbors due to increasing foreign trade, towing vehicles out of mud/snow especially people living in cold areas are driving factors for demand of towing ropes and is forecasted to rise at significant rate over coming years.

Beach Towels Market – Beach towels are of finer quality and are often larger than regular towels as they are largely used to recline on the sand at the beach. These towels are typically used for sunbathing, relaxing on the sand, and drying off after swimming.

Rock Sport Protection Products Market – The market for rock sport protection products market is exhibiting a steady growth. The main reasons for this are the increasing popularity of adventure sports and tourism amongst the consumers and the growing sporting culture amongst the general population.

Water Bikes Market – Newly-released water bikes industry analysis shows that global demand enjoyed year-on-year (YoY) volume growth of 18.7% in 2021, to total more than 3,500 units. Pontoon water bikes displayed positive year-on-year growth of 18.6%, while hydrofoil water bikes were up 21.1% in 2021.

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarters based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

Mahendra Singh

US Sales Office:

11140 Rockville Pike

Suite 400

Rockville, MD 20852

Email: sales@factmr.com

Phone: +1 (628) 251-158

Leave a Comment

Your email address will not be published. Required fields are marked *