From 2023 to 2028, the import of water-skis, surf-boards, and other watersport equipment to India is expected to grow steadily. The forecast suggests a consistent rise in import value from $3.8613 million in 2024 to $4.4509 million by 2028. This indicates a year-on-year percentage growth of approximately 3.9% from 2024 to 2025, 3.7% from 2025 to 2026, 3.5% from 2026 to 2027, and 3.3% from 2027 to 2028. Over this five-year period, the compounded annual growth rate (CAGR) is projected at around 3.6%, illustrating a healthy market uptrend.
Future trends to watch for include:
- Rising consumer interest in recreational and water sports activities driven by young demographics.
- Government policies promoting tourism and sports could further boost imports.
- Potential supply chain disruptions or tariffs impacting import costs.
