The Water-Skis, Surf-Boards, and Watersport Equipments market in Singapore has shown a gradual increase from 2013 to 2023, culminating in a per capita market size value of $1.82 in 2023. Notably, the year-on-year growth from 2022 to 2023 was approximately 0.55%, while the average annual growth rate over the last five years (CAGR) was around 1.42%.
Key trends include:
- A consistent market value increase from 2013, with only a slight dip in 2020 likely due to the pandemic.
- Strong market recovery post-2020, leading to sustained growth up to 2023.
Looking forward, the market is anticipated to continue expanding, driven by increasing interest in watersports and tourism recovery. Factors to watch include economic conditions affecting discretionary spending and emerging trends in eco-friendly and technologically advanced watersport equipment.
