From 2013 to 2023, Japan's water-ski, surfboard, and watersport equipment market size per capita showed consistent growth, reaching $1.78 in 2023. Fluctuations occurred, with values peaking in 2017 and dipping by 2019, followed by a recovery post-2020. The year-on-year growth from 2022 to 2023 was positive, indicating a stable market. The last five-year compound annual growth rate (CAGR) showed a moderate increase, reflecting steady consumer interest and market demand.
Future trends to watch include the influence of sustainable materials, technological advancements in equipment, and increased participation in watersports, driven by tourism recovery and lifestyle changes in Japan.
