Towable Tubes Market Reveals Top Players, Ongoing Trends, Growth Factors and Forecast till 2028

Posted on 2018-06-16 by Mark Hub in Sports // 0 Comments

Dublin 2, Ireland, 2018-Jun-16 — /EPR Network/ — Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of towable tubes market. The study is titled as “Towable Tubes Market Forecast, Trend Analysis & Competition Tracking – Global Review 2018 to 2028”, which deeply analyses the global market trends, with historical data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2018-2028. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global towable tubes market.

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Safety, Inflation Properties, and Tube Maintenance Continue to Influence Purchasing Decisions of Consumers

Increasing participation in outdoor recreational activities across the globe is leading to an upsurge in the popularity of various water sports such as water tubing. As water tubing is appropriate for all ages, being one of the easiest water sports, it is becoming a popular family recreational activity. Owing to the thrill and fun associated with water tubing, participation in this water sport is increasing rapidly, which is boosting demand for towable tubes at a rapid pace. With the availability of a variety of towable tubes in the market, consumers are becoming more critical while choosing an appropriate towing tube according to the comfort and safety of its use.

As water tubing is becoming a popular family recreational activity, consumers are preferring to purchase towable tubes suitable for younger, adult, as well as older riders. Safety remains the primary criterion for consumers while making a purchase, which is encouraging manufacturers in the towable tubes market to produce towable tubes that are burst-proof and reliable. Also, inflation remains one of the most important features of towable tubes as it keeps them firm and wrinkle-free. Inflation plays a vital role in shaping the performance characteristics of a towable tube, which remains a major factor to influence purchasing decisions of consumers. In addition, by using high-quality materials such as polyester coated with PVC, Nylon, Neoprene, and PVC (Vinyl), manufacturers are offering towable tubes that require less maintenance during all the seasons. Towable tubes that are durable, reliable, and require less maintenance are likely to gain traction in the towable tubes market.

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Increasing Participation in Water Sports and Boating Activities to Prove Lucrative for Water Tubing Businesses

The Royal Yachting Association (RYA) recently conducted a survey, which states that over 3.96 million UK adults participated in various boating activities in 2017. The report states that the number has increased by 461,000 in a year, which is the highest volume recorded in the past few years. Also, the National Marine Manufacturers Association (NMMA) recently released a study, which reveals that over 142 million Americans participated in various types of boating activities in 2016. Among 142 million, around 17 million Americans indulged in boating activities for the first time and over half of the 17 million participants were children under age 18. The rapid growth in the participation in water adventures and boating sports is creating ample of business opportunities for towable tube manufacturers across the globe.

Increasing popularity of outdoor recreational activities and water sports is boosting the participation in boating and water tubing sports and encouraging consumers to purchase necessary equipment. The thriving participation level in water tubing is expected to result in the rising demand for towable tubes and ultimately, in the growth of the towable tubes market. Also, capitalizing on the excellent growth of the water tourism sector, towable tube manufacturers are leveraging lucrative opportunities in popular water sports tourist destinations across the globe.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Sports market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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