The import of water-skis, surf-boards, and other watersport equipment to India is set to exhibit a consistent upward trajectory over the next five years. In 2023, the import value amounted to a certain base point. From 2024 onwards, a steady increase is forecasted, with an annual growth trend reflecting year-on-year percentage increases of approximately 5-6%. The Compound Annual Growth Rate (CAGR) over this period points to a robust market expansion, suggesting prevalent interest and increasing consumer base for watersport activities in India.
Future trends to watch for include:
- Rising disposable incomes boosting discretionary spending on leisure and sports.
- Increasing popularity of watersports in coastal regions of India.
- Potential import policy changes or local manufacturing initiatives that may impact market dynamics.