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China’s Water Sports Market Is on Track to Reach US$ 15.7 Billion

To drive the whole water sports industry forward, especially in the Asia-Pacific region, the 2020 Asia Water Recreational Sports Expo (AWRSE) will take place from 10th to 12th, 2020 at Guangzhou Import & Export Fair Complex.
It’s estimated that the global diving equipment market will register a CAGR of more than 9% by 2022. From 2016 to 2020, the CAGR of global surfboard market will exceed 9%, and the annual output value of water sports equipment will exceed one trillion yuan. Besides, the world’s water sports market will reach $15.7 billion in 2021.
Recent years have witnessed the rapid progress of China's water sports industry. The country is home to over 300 major manufacturers of water sports boats, nearly 20,000 berths, and around 200 professional clubs. From fitness, leisure, competition, performances, to first-hand experience, tourism, site design, and information platform, the industry categories have been expanding. The market demand is increasing and the industry potential is being released.
Responds to national industrial policies, 2020 Asia Water Recreational Sports Expo will set up an international exchange and trading platform for water sports enterprises to catch up with the latest industry trends.
In addition, the 19th National Congress of the CPC has stressed the development of the fitness industry and the construction of a sports power. As an important part of the sports, water sports industry is ushering in development opportunities. Focusing on the national development plan for water sports, AWRSE will play a role in boosting industry progress and information exchange.
Jointly sponsored by Guangdong Yacht Industry Association, Association of Promotion for Guangdong Economy & Investment, Guangdong Enterprises Association for Foreign Economic Cooperation, GD-HK-Macao Economic & Trade Information Exchange Promotion Association, AWRSE has been supported by many industry organizations.
Up to now, related preparation is going on smoothly. To enter the promising market in China, all it takes is to join the event. For more information, please contact us!