Touring Canoes Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0206745
  • Format: Electronic (PDF)
  • Number of Pages: 188
  • Author(s): Joshi, Madhavi

Report Overview

The Touring Canoes Market size was estimated at USD 120 million in 2023 and is projected to reach USD 250 million by 2030, exhibiting a compound annual growth rate (CAGR) of 10.80% during the forecast period (2024-2030).

Touring Canoes Market

(Market Size)
$120 million
$250 million
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 10.80%
2023 Market Size USD 120 million
2030 Market Size USD 250 million
Key Players Old Town, Pelican, Coleman, Sun Dolphin, Lifetime

Market Summary

The touring canoes market, a niche yet significant segment within the broader machinery and equipment industry, caters to outdoor recreation, sporting activities, and adventure tourism sectors. These specialized watercraft are designed for extended journeys on lakes, rivers, and coastal waters, emphasizing durability, stability, and cargo capacity over the agility typically associated with whitewater or recreational canoes. The market is characterized by a blend of traditional craftsmanship and modern material science, with manufacturers utilizing advanced composites, plastics, and aluminum to meet diverse consumer demands for performance and longevity. Key end-users include individual enthusiasts, rental outfitters, guided tour operators, and institutional buyers such as camps and educational organizations. The market operates within a global framework, with production and consumption patterns influenced by regional preferences for outdoor activities, disposable income levels, and accessibility to suitable waterways. Innovation remains a central theme, with ongoing developments in hull design, weight reduction technologies, and integrated accessories enhancing the user experience. Despite being a mature segment, the market demonstrates resilience and adaptability, responding to evolving consumer lifestyles and a growing appreciation for nature-based leisure pursuits.

Key Highlights

The touring canoes market exhibits several defining characteristics that underscore its current dynamics and future trajectory. A prominent trend is the increasing integration of lightweight materials such as Kevlar, carbon fiber, and advanced polyethylene, which significantly improve portability and performance without compromising structural integrity. Another key highlight is the rising consumer demand for customizable and modular canoe designs, allowing buyers to tailor features like seating arrangements, storage options, and mounting points for accessories to specific use cases, whether for multi-day expeditions or casual family outings. Sustainability has also emerged as a critical factor, with both manufacturers and end-users showing heightened interest in eco-friendly production processes, recyclable materials, and products designed for long-term use to minimize environmental impact. The market is further distinguished by a strong after-sales ecosystem, including dedicated services for repair, maintenance, and part replacements, which enhances product lifecycle and customer loyalty. Additionally, the influence of digital platforms and e-commerce has grown substantially, enabling broader market reach, direct consumer engagement, and the proliferation of user reviews and community-driven feedback that inform purchasing decisions. These elements collectively highlight a market that is both tradition-oriented and progressively innovative.

Drivers, Opportunities & Restraints

Several factors act as primary drivers for the touring canoes market. A significant driver is the growing participation in outdoor recreational activities, fueled by increased health consciousness and a societal shift towards experiences over material possessions. Government and private initiatives promoting water-based tourism and eco-tourism also contribute to market expansion by creating favorable environments for canoeing. Furthermore, technological advancements in manufacturing, such as rotational molding and vacuum infusion, enable more efficient production of high-performance canoes at varying price points, making them accessible to a wider audience. Opportunities within the market are abundant, particularly in emerging economies where rising disposable incomes and developing tourism infrastructure present new avenues for growth. There is also potential for innovation in smart canoes equipped with GPS, solar-powered accessories, and connectivity features that appeal to tech-savvy consumers. Expansion into rental and sharing economy models represents another lucrative opportunity, allowing manufacturers and service providers to tap into the demand from casual users who prefer access over ownership. However, the market faces notable restraints, including high costs associated with premium materials and skilled labor, which can limit affordability for some consumer segments. Seasonal demand fluctuations in certain regions pose challenges for inventory management and consistent revenue streams. Additionally, regulatory hurdles related to waterway access, environmental protections, and safety standards can impede market growth, requiring ongoing compliance efforts from industry stakeholders.

Concentration Insights

The touring canoes market features a concentration of key players and manufacturing hubs that significantly influence global supply and innovation. North America, particularly the United States and Canada, remains a central region for both production and consumption, home to established brands such as Old Town Canoes, Wenonah Canoe, and Nova Craft Canoe, which leverage rich heritage and extensive distribution networks. Europe also represents a concentrated market with strong demand in countries like the United Kingdom, Germany, and France, where canoeing is deeply embedded in outdoor culture, supported by manufacturers like We-no-nah and Grabner. The market structure is characterized by a mix of large, vertically integrated companies and smaller, artisanal builders who cater to niche segments with handcrafted, high-end products. This duality fosters a competitive yet collaborative environment where innovation from smaller entities often influences broader industry trends. Geographically, manufacturing facilities are strategically located near raw material sources and major consumer markets to optimize logistics and reduce costs. While the market is global, regional concentrations mean that climatic conditions, water body types, and cultural preferences heavily dictate product specifications and business strategies, leading to tailored offerings that resonate with local audiences.

Type Insights

Touring canoes are primarily categorized based on the materials used in their construction, each offering distinct advantages that cater to different user needs and budgets. Royalex and composite canoes, though historically popular for their durability and impact resistance, have seen reduced prominence due to material discontinuations, leading to a shift towards modern alternatives. Polyethylene canoes dominate the market for entry-level and recreational use, prized for their affordability, robustness, and low maintenance, making them ideal for rental operations and rough water conditions. Fiberglass variants offer a middle ground, providing a good balance of weight, cost, and performance, often chosen by enthusiasts seeking upgraded features without the premium price of advanced composites. At the higher end, canoes made from Kevlar, carbon fiber, and other lightweight composites are preferred for serious touring and expedition purposes, where reduced weight enhances portability and paddling efficiency over long distances. Additionally, there are specialized types such as solo touring canoes designed for individual adventurers and tandem models that accommodate multiple paddlers, with designs optimized for stability, speed, or cargo capacity based on intended application. This diversity in types ensures that the market can address a broad spectrum of consumer requirements, from casual weekend outings to demanding wilderness trips.

Application Insights

The application of touring canoes spans several key segments, each driven by unique user objectives and operational contexts. Recreational use constitutes a substantial portion of the market, where individuals and families utilize canoes for leisure activities on calm waters, focusing on comfort, stability, and ease of use. Expedition and wilderness touring represent another critical application, involving multi-day trips that require canoes with excellent cargo capacity, durability, and performance in varied water conditions; this segment often attracts seasoned paddlers and adventure tourism providers. Fishing is a growing application area, with specialized fishing canoes featuring integrated rod holders, stable platforms for casting, and ample storage for gear, appealing to anglers seeking access to remote waters. Commercial applications include rental services offered by outfitters and resorts, as well as use in guided tours and educational programs, where durability and cost-effectiveness are paramount. Additionally, there is niche demand from search and rescue operations and military units that employ canoes for stealth and accessibility in specific environments. The versatility of touring canoes allows them to serve diverse purposes, with manufacturers increasingly designing models tailored to these specific applications to enhance functionality and user satisfaction.

Regional Insights

Regional dynamics play a crucial role in shaping the touring canoes market, with demand and preferences varying significantly across geographies. North America stands as the largest and most mature market, driven by a strong outdoor recreation culture, extensive waterways, and the presence of leading manufacturers; the United States and Canada see high participation in canoeing, supported by well-established distribution channels and a robust ecosystem of clubs and events. Europe follows closely, with notable demand in Nordic countries, the United Kingdom, and Central Europe, where canoeing is both a popular leisure activity and a competitive sport, influenced by regional traditions and environmental policies promoting nature access. The Asia Pacific region is emerging as a growth area, particularly in Australia, New Zealand, and parts of Southeast Asia, where increasing tourism infrastructure and rising interest in adventure sports are fueling market expansion. Latin America and Africa present nascent opportunities, primarily centered around tourism hotspots and eco-lodges, though infrastructure challenges and economic factors currently limit broader penetration. Each region exhibits distinct seasonal patterns, regulatory frameworks, and consumer behaviors, necessitating localized strategies from manufacturers and retailers to effectively address market needs and capitalize on growth potential.

Company Insights

The touring canoes market is served by a range of companies, from longstanding heritage brands to innovative newcomers, each contributing to the industry's competitive landscape. Old Town Canoes, a division of Johnson Outdoors, is a historically significant player known for its durable polyethylene and composite models, leveraging extensive brand recognition and a wide retail presence. Wenonah Canoe, based in Minnesota, specializes in high-performance lightweight canoes using advanced materials like Kevlar and carbon fiber, catering to serious paddlers and expedition users. Nova Craft Canoe of Canada emphasizes craftsmanship and offers a diverse portfolio, including Prospector and Tripper models popular for wilderness trips. We-no-nah, another key manufacturer, focuses on innovative designs and racing-inspired touring canoes, appealing to performance-oriented consumers. Esquif Canoes from Quebec is noted for its T-Formex material canoes, providing excellent durability and versatility. Smaller artisans like Savage River and Colden Canoe produce custom, hand-built canoes for niche markets, emphasizing quality and uniqueness. These companies compete on factors such as material technology, design innovation, price positioning, and brand heritage, with strategies often including direct-to-consumer sales, partnerships with outfitters, and participation in industry events to strengthen market presence and customer engagement.

Recent Developments

Recent developments in the touring canoes market reflect ongoing innovation and strategic adaptations to changing consumer and environmental trends. Manufacturers have increasingly focused on sustainability initiatives, such as incorporating recycled materials into polyethylene canoes and adopting energy-efficient production techniques to reduce carbon footprints. There has been a noticeable uptick in the development of hybrid designs that blend traditional canoe attributes with features from kayaks, such as enhanced secondary stability and enclosed decks, to attract a broader user base. Technological integrations have advanced, with some companies experimenting with embedded sensors for performance tracking and smart accessories like solar-powered charging stations for electronic devices during trips. On the business front, key players have expanded their e-commerce capabilities and digital marketing efforts to reach consumers directly, especially important in the context of shifting retail landscapes and increased online purchasing behavior. Collaborations with outdoor influencers and participation in virtual paddling events have also emerged as strategies to maintain brand visibility and community connection during periods of restricted physical gatherings. Additionally, several manufacturers have introduced new model lines focused on accessibility and inclusivity, designing canoes that are easier to enter and exit for paddlers with mobility challenges, thereby tapping into an underserved market segment.

Report Segmentation

This market report on touring canoes provides a detailed analysis segmented across multiple dimensions to offer comprehensive insights. The segmentation by type includes categories such as polyethylene canoes, fiberglass canoes, composite canoes (encompassing Kevlar, carbon fiber, and other advanced materials), and other specialty materials, allowing for a clear understanding of material-based trends and preferences. Application segmentation covers recreational use, expedition and wilderness touring, fishing, commercial rental and outfitting, and other specialized uses like military or rescue operations, highlighting the diverse end-use scenarios that drive demand. Geographically, the report is segmented into key regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, with further breakdowns by major countries within these regions to pinpoint local market dynamics and growth opportunities. Additionally, the report includes segmentation by distribution channel, distinguishing between online sales, specialty stores, direct sales, and other retail formats, providing insights into evolving purchasing behaviors and supply chain strategies. This multi-faceted segmentation ensures that the analysis addresses the varied factors influencing the market, from consumer choices and material innovations to regional economic conditions and distribution efficiencies, delivering actionable intelligence for stakeholders.

FAQs

What materials are commonly used in touring canoe construction? Touring canoes are constructed from various materials, including polyethylene for durability and cost-effectiveness, fiberglass for a balance of weight and performance, and advanced composites like Kevlar and carbon fiber for lightweight strength and efficiency in long-distance paddling.

Who are the leading manufacturers in the touring canoes market? Prominent manufacturers include Old Town Canoes, Wenonah Canoe, Nova Craft Canoe, We-no-nah, and Esquif Canoes, known for their expertise in different materials and designs catering to diverse consumer needs.

What are the primary applications of touring canoes? Key applications encompass recreational paddling, multi-day expeditions, fishing activities, commercial rentals by outfitters, and specialized uses in fields such as search and rescue or educational programs.

Which regions show the highest demand for touring canoes? North America and Europe are the largest markets due to strong outdoor cultures and extensive waterways, while the Asia Pacific region is experiencing growth driven by rising adventure tourism and disposable incomes.

How has technology influenced recent touring canoe designs? Technological advancements have led to lighter materials, improved hull designs for better stability and speed, and integrations like mounting systems for accessories and smart features for enhanced user experience.

What factors should be considered when choosing a touring canoe? Important considerations include the intended use (recreational vs. expedition), material preferences affecting weight and durability, capacity requirements for gear and passengers, and budget constraints aligned with desired features.

Citius Research has developed a research report titled “Touring Canoes Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Touring Canoes Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Touring Canoes Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Touring Canoes Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Touring Canoes Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Touring Canoes Market
• Research Methodology
• Executive Summary
• Market Dynamics of Touring Canoes Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Touring Canoes Market
• Cost and Gross Margin Analysis of Touring Canoes Market
• Touring Canoes Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Touring Canoes Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Touring Canoes Market Key Stakeholders

Below are the key stakeholders for the Touring Canoes Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Touring Canoes Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Touring Canoes Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Touring Canoes Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Touring Canoes Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Touring Canoes Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Touring Canoes Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Touring Canoes Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Touring Canoes Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Touring Canoes Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Touring Canoes Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Touring Canoes Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Touring Canoes Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Touring Canoes Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Touring Canoes Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Touring Canoes Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Touring Canoes Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Touring Canoes Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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