According to recently disclosed statistics, the global market for towable tubes grew 3.5% YoY to reach US$ 420.1 million by the end of 2021. Two rider towable tubes held the greatest part of the market, accounting for 40.1%.
Over the projection period (2022–2032), the worldwide towable tube market is anticipated to have an absolute dollar potential of US$ 252.6 million.
Download a Sample Copy Of Report
Towable tubes are in great demand for a variety of uses, including surfing and water sports competitions. An increasing number of tourists are being drawn by governments' persistent attempts to ensure visitors' safety near waterways. In order to achieve large profit margins, market companies are also implementing a variety of tactics, such as direct-to-consumer selling through their internet portals.
Being a cheap and enjoyable pastime, water tubing is becoming more and more popular around the world, but especially in North America and Europe. Consumers are calling for towable tubes that are more affordable, safer, and better designed to fit their travel budgets.
Key Companies Profiled
- 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
Towable tube sales have been pushed in recent years by customization and internet sales. The industry is expected to increase between 2022 and 2032 if sustainable materials are used to make towable tubes and improved safety and security features are included.
Equipment Rentals: A Trend That Complements Market Growth
Beachside locations are seeing increased foot traffic due to the growing vacation sector and the number of trips. Governments and non-profit organizations take advantage of this and organize water activities to attract more tourists. The need for rental water sports equipment increased as a result of this.
Major industry participants have also forged business partnerships with water sports associations, hotels, rental equipment suppliers, and other entities. To increase public awareness and boost sales of their products, manufacturers of towable tubes frequently organize water sports competitions with social commentary. In order to establish enduring business relationships and boost their sales prospects, market participants are also offering rental service providers tailored solutions.
Events Recreational Activities: Encourage Sales
Since the epidemic, people have engaged in more recreational activities as they seek out new experiences. The most popular activities are those involving water, particularly boating and water skiing.
All around the world, discretionary income is rising.
The gross per capita disposable income of households in Hungary, for example, increased from 6.33% in 2017 to 8.30% in 2021.
Why Two Rider Towable Tubes Are the Most Well-liked ?
In 2021, two rider capacity towable tubes had a significant portion of the market. Growing tourism and an increase in water sports events are blamed for the segment's rise. It's also simple for one person to operate two rider towable tubes. An air compressor is not needed to inflate them; a hand pump with a 12V power source would do. Towable tubes with a capacity for two riders are therefore extremely well-liked everywhere.
The market is expected to grow at a compound annual growth rate (CAGR) of 5.5% for two rider towable tubes between 2022 and 2032.
Competition Landscape
Leading producers of towable tubes are utilizing cutting-edge approaches and crucial tactics like personalization and printing as their primary specialties. To raise awareness of their brands and product lines, businesses are also organizing or supporting water sports competitions. Towable tube producers are also generating a significant amount of cash through online marketplaces.
Segmentation of Towable Tubes Industry Research
- By Product Type :
- Open Top Tubes
- Deck Tubes
- Ride-in Cockpit Style Tubes
- Dual Tow Point Tubes
- Banana Style Tubes
- Rocker Tubes
- Other Product Types
- By Capacity :
- 1 Rider
- 2 Riders
- 3 Riders
- 4+ Riders
- By Build Type :
- Partially Covered Towable Tubes
- Fully Covered Towable Tubes
- By Sales Channel :
- Offline
- Modern Trade
- Sports Outlets
- Franchised
- Independent
- Others
- Online
- e-Commerce Websites
- Company-owned Websites
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South-East Asia Oceania
- Middle East Africa
This growth highlights the rising popularity and demand for recreational water sports equipment, with two rider towable tubes emerging as the most sought-after product, capturing the largest market share at 40.1%. As consumer interest in water-based recreational activities continues to rise, the towable tubes market is poised for further expansion, driven by innovations in product design and the growing appeal of leisure and adventure sports. This positive trend signals a promising future for the market, with opportunities for manufacturers and retailers to capitalize on the increasing consumer demand.
FAQ:
What is the projected CAGR for the growth of the towable tubes market volume?
Towable tube utilization is anticipated to increase at a CAGR of around 4.7% from 2022 to 2032.
What has been the historical performance of the towable tubes market?
The towable tubes market size expanded at a CAGR of 3.5% from 2017 to 2021.
Who are the leading manufacturers in the towable tubes market?
Airhead, Intex Recreational Corp, Jobe Sports, O’Brien Watersports, and Scheels Sports are prominent manufacturers of towable tubes.
