Kayak Market Estimates Showing Surprising Stability in key Business Segments

With the season of water sports being in close proximity of enthusiasts, kayak sales are witnessing a significant surge across the globe. Fishing kayaks account for majority of the sales. Several manufacturers view fishing kayaks as a lucrative opportunity with the existence of uncharted territory in the kayak market, as compared to the stand-up paddling that has become a saturated market. Established kayak manufacturers are currently offering top-notch fishing kayak models, thereby driving sales of the category. Several groups of individuals have sought fun, accessibility, and mobility in kayak fishing.

Kayaking is an environment-friendly sport, which is human powered for the outdoor enthusiasts who crave natural experiences. Sales of accessories and necessities that go along with the sport have also witnessed a robust growth, meanwhile demonstrating the impacts that sales of kayak have on relevant categories. Estimations imply generational factors will rev up kayak sales, as more & more Baby Boomers, who favor human-powered recreation and tend to be active outdoor enthusiasts, retire and seek soft adventures to leverage their leisure time. In a bid to escalate revenue amassed from the tourism industry, several governments around the world are encouraging growth of the water sports industry through implementation of promotional campaigns coupled with the recruitment of tour operators. Such promotional initiatives will further propel participation in kayaking, thereby boosting sales of kayak.

5 Key Projections on Future of Kayak Market for the Forecast Period 2017-2026

North America is set to record the fastest kayak sales expansion through 2026, trailed by Asia-Pacific excluding Japan. Revenues from kayak sales in North America will account for bulk share of the market during 2017 to 2026.

Revenues from kayak sales in Europe and APEJ are also anticipated to remain significant. In contrast, revenues from kayak sales in Middle-East & Africa and Latin America will continue to be sluggish.

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Recreational kayak are expected to remain dominant among products in the global kayak market. Approximately half revenue share of the market is projected to be held by recreational kayak during the forecast period.

Touring kayaks are also expected to endure as popular product in the market, with sales poised to exceed revenues worth US$ 160 Mn by 2026-end. Racing kayaks, on the other hand, will continue to remain the least lucrative product in the market.

In terms of revenues, sports variety stores are set to spearhead the global kayak market on the basis of sales channels, followed by modern trade channels and third party online channel. Direct to customer online channel will account for the smallest market revenue share during 2017 to 2026.

Manufacturers and retailers, who concentrate less on sales expansion and more on engaging with enthusiasts through their experiences, are likely to realize most success in the market. Nature of the global market for kayak is competitive, particularly across the developed markets. Technological upgradation being made in kayaks along with the prevailing competition will have a positive influence on expansion of the market.

Product distinction and differentiation in service offerings with the aid of unique & clear value proposition are imperative for the market players for gaining a competitive edge. Key players profiled in Fact.MR’s report include Folding Kayaks UK, TRAK Kayaks, ORU KAYAK, Nautiraid, Long Haul Kayaks, BIC Sport, MOOVING SARL, Klepper Faltbootwerft, Clear Blue Hawaii, Aqua Xtreme, AIRE, and Advanced Elements

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

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Automotive Pumps Market Growth Forecast, Demand, Future Outlook and Company Profiles

According to Fact.MR’s new business intelligence report, the global automotive pumps market is anticipated to register a promising growth during the period 2017-2026, with market revenues likely to surpass US$ 54 billion by 2019-end. Growing consumer preference for green technology, along with the need to adhere to stringent carbon and VOC emission regulations, are encouraging automotive manufacturers to focus on enhancing energy performance of vehicles. With their crucial role in maintenance of energy efficiency, the automotive pumps are likely to gain center stage in the near future.

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Integration of Smart Technologies in Automotive Pumps to Underpin Market Growth

Increasing demand for fuel-efficient and lightweight vehicles has been influencing leading automotive manufactures to implement innovative technologies in automobile components. Advances in technologies such as automatic transmission, gasoline direct injection, and gasoline turbocharger that enable efficient circulation of oil in all parts of an automobile are likely to create lucrative opportunities for manufacturers of automotive pumps.

Growing vehicle parc and the emergence of a large middle-class demographic with high disposable income are directly translating into the growth of automotive market in emerging economies and eventually complementing the expansion of automotive pumps market. In addition, high purchasing capabilities of consumers in these regions are prompting automakers to improve their production of mid-sized and compact cars. Moreover, introduction of premium aspects such as anti-lock brake system (ABS), power steering, easy gear shift, and cabin comfort system in these cars is likely to influence the need for custom-made automotive pumps which may open new avenues of market growth.

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With escalating demand for high-performance vehicles on the account rising fuel prices, automotive manufactures are heavily investing in R&D to develop highly efficient transmission system and low-friction pumps which will possibly create potential growth prospects of automotive pumps market.

Electric Automotive Pumps Sales Continue to Surge

Electric automotive pumps are independent of combustion engines which help enhance fuel efficiency and significantly reduce the carbon emission of vehicles. This has led to adoption transition from mechanical automotive pumps to electric pumps. Expanding at an estimated CAGR of 5.5% over the forecast period, the sales of electric automotive pumps are projected to cross 590,000 units by 2026-end. Electric pumps are highly sought-after for their excellent performance standards and are predicted to contribute a slightly higher share than mechanical variants to the automotive pumps market by the end of the forecast period.

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Automotive Telematics Market Is Thriving Worldwide including Key Players

According to a new report published by Fact.MR, the automotive telematics market is likely to continue its solid run in 2019, with global revenues likely to surpass US$ 27 billion in 2019. With the inclusion of automotive telematics, the functional capabilities of vehicles are witnessing a steady upgrade. Automotive telematics system finds widespread applications in communication, mapping and for improving the safety features in an automotive. As a result, a notable increase in the adoption of the automotive telematics systems has been witnessed in the recent past, and the status quo is likely to continue over the course of the forecast period.

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Key driving factors for the automotive telematics include favorable government regulations, ubiquitous use of smartphones, enhanced broadband networks, and the advent of sophisticated communication technologies. Another key driver for the automotive telematics market is an effective sales channel. The adoption of automotive telematics can also be attributed to the far-reaching capabilities of OEMs. With the rise in the strategic partnership and productive collaboration between the leading automotive companies, OEM emerges as a streamlined sales channel for automotive telematics. This is facilitating a steady growth in the automotive telematics market, with revenues likely to grow at over 23% in 2019.

Europe continues to be the numero uno market for automotive telematics, owing to the high concentration of forerunning players that focus on scaling and expansion of their businesses in parallel to diversifying their product portfolio. Gains have also been steady in Asia Pacific excluding Japan (APEJ), driven by healthy automobile sales in China and India.

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Intensified Competition in the Global Automotive Telematics Market to Drive Robust Growth

Increasing demand for transportation and rise in the disposable income of consumers have offered lucrative growth opportunities to the automotive industry. With the manufacturers of the auto-industry tapping into the next-gen automotive capabilities, smart technologies like automotive telematics are finding applications in vehicular communication, safety, road transportation, and mapping system. As a result of the increase in the adoption rate of the system, the global automotive telematics market is undergoing through a phase of innovation, wherein the key players have a significant role to play. For instance, Visteon Corporation will showcase a digitally advanced cockpit technology as a crucial shift towards the next-gen automotive. The novel cockpit electronics architecture consists of high resolution display systems with curved non-rectangular edges to enhance the viewing experience for the riders.

According to the study, the newbies of the automotive telematics market dive into the business to bag the lucrative opportunity that market has to offer. This has compelled the established players to enter into strategic mergers and acquisitions to reinforce their position in the map of the global automotive telematics market.

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Motorcycle Market Insights by Size, Status and Forecast 2026

According to a recent study by Fact.MR, the motorcycle market is expected to witness steady growth during the 2017-2026 period with global sales of motorcycles estimated to reach nearly 40 million units in 2019. Development of enhanced safety mechanisms to safeguard drivers, coupled with improved suspension systems to add comfort continue to influence buying behavior. Additionally, improving road-traffic infrastructure is likely to aid in bolstering motorcycle market growth.

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Higher fuel efficiency relative to other personal modes of communication is a key reason contributing to the surge in the demand for motorcycles over scooters and other two-wheelers. Fact.MR opines the factor augurs well for the standard motorcycles segment which is expected to hold over 60% of the motorcycle market share in 2019.

Increasing traffic congestion and substantial rise in the population is discouraging people from purchasing motorcycles. In addition to this, millennials, who are estimated to hold the largest share in global demographics, are showing an increased preference for not purchasing or riding motorcycles. However, the factors are vital to the growth of the motorcycle rental services marketplace which, in turn, are expected to uphold motorcycle market growth. Development of sophisticated technologies such as data analytics, Internet of Things (IoT), and machine learning are allowing companies to offer novel and innovative bike rental services to consumers who are seeking affordable and temporary options for commuting.

Motorcycle manufacturers are becoming increasingly aware of the promising prospects the market holds and are investing heavily in the industry. For instance, Yamaha Motor Corp invested US$150 million in Grab, a bike rental service operational in Vietnam, Thailand, and Indonesia. As per the deal, Yamaha and Grab plan to work on making affordable motorcycle models available for people seeking to join the bike rental service. Along similar lines, BMW launched its own bike rental service in Germany, France, and Austria. The company plans to expand its services across different countries if it proves to be a success in Europe. Bike rental services are also becoming increasingly popular among millennials and offer a lucrative alternative to overcome the challenge posed by declining motorcycle sales.

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Burgeoning Demand in Recreational and Leisure Activities to Bolster Market Growth

Motorcycle rides are increasingly being marketed as a form of rejuvenation and relaxation. Studies linking motorbike rides to decreased stress levels and enhanced concentration levels are further estimated to contribute to the surge in demand for motorcycles in leisure and recreational activities. Experiential traveling is gradually gaining traction and emerging as a pervasive trend driving the demand for sports motorcycles, cruisers, and adventure bikes. Additionally, the increasing use of motorcycle tours for promoting tourism in a region is expected to create a demand for motorcycles around the world.

A significant increase in recreational activities coupled with the development of lightweight and high-performance motorcycle suitable for different terrains is also fuelling the sales of adventure and touring motorcycles.

Evolving Electric Bikes to Dampen Motorcycle Sales

The gradual evolution of electric bikes is estimated to pose a threat to the motorcycle market growth. Advancements in technology, in addition to the availability of sophisticated components, for the production of electric bikes is allowing manufacturers to launch e-bikes that can offer the same acceleration as electric motorcycles. In addition, the availability of affordable e-bike models is estimated to find an extended consumer base as opposed to the expensive electric motorcycles. Furthermore, riding e-bikes does not require a license which is a vital factor drawing consumers to the electric motorcycle alternative. The inclusion of other value-added features such as ABS, superior suspension, and fat tires for better grip and handling is estimated to aid e-bikes in gaining popularity among consumers which, in turn, is expected to limit motorcycle market growth.

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Marine Seats Market Growing Popularity and Emerging Trends in the Industry

Marine seats sales are expected to surpass 5 Bn units in 2019, with a Y-o-Y growth of 4.4% over 2018, according to a recent Fact.MR study. Growth of the marine seats market continues to remain influenced by various factors, including the remarkable rise in marine tourism, and increased demand for recreational vessels.

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The Fact.MR study opines plastic to remain the material of choice for marine seats manufacturers, as they continue to prefer use of plastics over steel and metal composites for production of boat seats, in line with the upward trend of lightweighting in the boating industry. High corrosion resistance and chemical inertness are key attributes of plastic continue to drive its demand for production of various marine components and marine seats are no exception.

Ductile, malleable, and elastic properties of plastics are being leveraged by manufacturers to produce foldable marine seating, which is gradually gaining traction for use in recreational boating activities such as fishing. Plastic marine seating accounted for over 40% of the market volume share in 2018.

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Enhanced Comfort and Aesthetics Continue to Remain Developmental Focus Areas of Marine Seats Manufacturers

Comfortable marine seating has been gaining a significant palpability in the recent past, which has prompted marine seats market players to focus on developing novel solutions, keeping consumer convenience at the forefront. Sailors and crew onboard marine vessels have been complaining of developing back problems, and sustaining injuries due to the pounding impact of waves even in shallow waters.

Surveys have suggested absence of stable seating in boats to create problems for sailors even while navigating in calm waters. Water sporting events such as water skiing and paragliding require boats to travel at great speeds, which increases the susceptibility of drivers getting injured during the process.

Leading players in the marine seats market are focusing their efforts toward enhancing the suspension systems of their marine seats, in order to provide a comfortable ride and capitalize on the pervasive trend. For instance, Shockwave, a leading company in developing marine suspension seating, launched the integrated control environment that could house controls, electronics, and occupants and safeguard them from the pounding impact of waves from all directions significantly improving safety and enhancing the ability to operate the vessel during extreme weather.

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