The global action sports industry is a rapidly growing market, with the potential to reach $648.79 billion by 2027 and grow at a CAGR of 4.6% from 2020 to 2027. The surfing segment alone is expected to reach $4.4 billion by 2023, while North America dominates the overall market share with more than 35%. Skateboarding and mountain biking markets are projected to be worth $299.7 million and 3.5%, respectively, in coming years; meanwhile, adventure tourism and action sports industries have been valued at nearly 124$25 billion in Europe for 2019 as well as 86$58 billion in Asia Pacific that same year – both showing promising growth trends over time due to increased consumer interest worldwide .
Action cameras are also becoming increasingly popular within this sector; their estimated value reaching 9$9billion by 2025 globally – not including other related equipment such as snow sport apparel ($719 million), extreme sport gear (3$.8% CAGR) or kiteboarding equipment (7$.1%). In addition, US park visitation has seen an 18% increase during COVID-19 pandemic for activities like mountain biking or hiking which further highlights how much people enjoy these types of outdoor experiences despite current circumstances.. With all these statistics pointing towards continued success for the Action Sports Industry it will be interesting what new heights can be reached.
This statistic is a testament to the immense potential of the action sports industry. It highlights the immense growth that the industry is expected to experience in the coming years, and serves as a reminder of the immense opportunities that exist for those looking to capitalize on the industry’s success. With such a large market size, the action sports industry is sure to be a major player in the global economy for years to come.
The action sports industry is estimated to grow at a CAGR of 4.6% from 2020 to 2027.
This statistic is a crucial indicator of the potential for growth in the action sports industry. It shows that the industry is expected to expand at a steady rate over the next seven years, indicating that now is an ideal time to invest in the action sports industry. This statistic is a valuable piece of information for anyone looking to gain insight into the future of the action sports industry.
Action Sports Industry Statistics Overview
North America dominated the action sports industry by occupying more than 35% of the total market share.
This statistic is a testament to the immense influence North America has on the action sports industry. It highlights the fact that North America is a major player in the industry, and its presence is felt in a big way. This statistic is important to consider when discussing the action sports industry, as it provides insight into the current state of the industry and the impact North America has on it.
The market for mountain biking is expected to grow at a CAGR of 3.5% from 2020 to 2027.
This statistic is a valuable insight into the future of the action sports industry, as it indicates that the market for mountain biking is likely to experience steady growth over the next seven years. This could be a great opportunity for businesses in the action sports industry to capitalize on, as they can plan their strategies accordingly to take advantage of the expected growth.
The global action camera market is estimated to reach $9.9 billion by 2025.
This statistic is a testament to the immense potential of the action sports industry. It shows that the market for action cameras is expected to grow exponentially in the coming years, indicating that the industry is on the rise and is likely to remain a lucrative sector for years to come.
Europe’s adventure tourism and action sports market was valued at $124.25 billion in 2019.
This statistic is a testament to the immense potential of the action sports industry. It shows that the industry is a lucrative one, with a market size of over $124 billion in 2019. This figure is a clear indication that the action sports industry is a viable option for entrepreneurs and investors alike. It also serves as a reminder that the industry is growing and evolving, and that there are plenty of opportunities for those who are willing to take the plunge.
The United States Extreme Sports Market is expected to grow at a CAGR of 3.8% during 2020-2025.
This statistic is a crucial indicator of the potential for growth in the Action Sports Industry. It shows that the market is expected to expand at a steady rate over the next five years, indicating that the industry is likely to remain a viable and profitable sector. This is great news for those involved in the industry, as it suggests that there will be plenty of opportunities for growth and success in the years to come.
In 2019, global snow sports market was valued at $7.19 billion.
This statistic is a testament to the immense popularity of snow sports, and the potential for growth in the action sports industry. It shows that the market for snow sports is thriving, and that there is a great opportunity for businesses to capitalize on this trend. Furthermore, it highlights the importance of understanding the action sports industry and its statistics in order to make informed decisions about investments and strategies.
Action Sports industry global revenues reached $220.3 billion in 2020.
This statistic is a testament to the immense success of the Action Sports industry in 2020. It highlights the immense potential of the industry and the potential for further growth in the future. It also serves as a reminder of the importance of the Action Sports industry in the global economy and its impact on the lives of people around the world.
The global kiteboarding equipment market is expected to grow at a CAGR of 7.1% during 2020-2025.
This statistic is a testament to the growing popularity of kiteboarding, and its potential to become a major player in the action sports industry. With a projected CAGR of 7.1%, the kiteboarding equipment market is expected to experience significant growth over the next five years, indicating that the sport is gaining traction and becoming increasingly popular. This is an important statistic for anyone interested in the action sports industry, as it shows the potential for kiteboarding to become a major contributor to the industry.
The global sports protective equipment market, which includes action sports, is anticipated to reach $12.1 billion by 2027.
This statistic is a testament to the growing popularity of action sports and the increasing demand for protective equipment. It highlights the potential of the action sports industry and the opportunities it presents for businesses and athletes alike. With the market projected to reach $12.1 billion by 2027, it is clear that action sports are here to stay and will continue to be a major player in the sports industry.
In 2022, the ski industry was valued at nearly $15.8 billion worldwide.
This statistic is a testament to the immense popularity of skiing and the action sports industry as a whole. It shows that skiing is a major player in the action sports industry, and that the industry is thriving. It also indicates that the industry is likely to continue to grow in the coming years, making it an attractive investment opportunity for those looking to capitalize on the trend.
Asia Pacific’s adventure tourism and action sports industry was valued at $86.58 billion in 2019.
This statistic is a testament to the immense potential of the Asia Pacific’s adventure tourism and action sports industry. It highlights the immense growth and success of the industry, and serves as a reminder of the immense opportunities that exist for those looking to invest in the industry. It also serves as a reminder of the importance of the industry in the global economy, and the potential for further growth in the future.
The global action sports footwear market is anticipated to reach $20.49 billion by 2026.
This statistic is a testament to the immense potential of the action sports footwear market. It highlights the immense growth potential of the industry, and serves as a reminder of the lucrative opportunities that exist for those looking to capitalize on the action sports industry. With the market projected to reach $20.49 billion by 2026, it is clear that the action sports industry is a lucrative and ever-growing sector.
The global wakeboarding equipment market is projected to grow at a CAGR of 12.43% from 2019 to 2024.
This statistic is a testament to the growing popularity of wakeboarding, and the potential for the action sports industry to capitalize on this trend. It indicates that the market for wakeboarding equipment is expected to expand significantly over the next five years, providing a lucrative opportunity for businesses to invest in and benefit from the sport’s increasing popularity.
The global snowboarding gear market size is expected to reach $384.8 million by 2025.
This statistic is a testament to the growing popularity of snowboarding and the action sports industry as a whole. It shows that the demand for snowboarding gear is increasing, which is a positive sign for the industry. This statistic is a great indicator of the potential for growth in the action sports industry, and it is an important piece of information for anyone interested in the industry.
Conclusion
The global action sports industry is expected to reach $648.79 billion by 2027, growing at a CAGR of 4.6% from 2020 to 2027. North America dominates the market with more than 35% share and Europe’s adventure tourism and action sports market was valued at $124.25 billion in 2019. The United States Extreme Sports Market is expected to grow at a CAGR of 3.8%, while Asia Pacific’s adventure tourism and action sports industry was valued at $86.58 billion in 2019 as well as the ski industry being valued nearly 15$ million worldwide in 2022 respectively . In addition, during the COVID-19 pandemic there has been an 18% increase for park visitation for activities such as mountain biking or hiking within the US alone which further highlights how popular these extreme sport activities are becoming around the world today despite any economic downturns that may occur due to other factors outside of this sector’s control . With all these statistics taken into account it can be seen that not only does this sector have potential growth opportunities but also shows no signs of slowing down anytime soon either making it one worth investing your time into if you’re looking for something new.
References
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