▶ 調査レポート

水上スポーツ用品の世界市場2023-2031:産業分析、規模、シェア、成長、動向、予測

• 英文タイトル:Surface Water Sports Equipment Market (Product Type: Equipment, and Protective Gears and Accessories; and Sports: Surfing, Skiing, Rafting, Kayaking/Canoeing, Boat Racing, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Transparency Market Researchが調査・発行した産業分析レポートです。水上スポーツ用品の世界市場2023-2031:産業分析、規模、シェア、成長、動向、予測 / Surface Water Sports Equipment Market (Product Type: Equipment, and Protective Gears and Accessories; and Sports: Surfing, Skiing, Rafting, Kayaking/Canoeing, Boat Racing, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031 / MRC2305A150資料のイメージです。• レポートコード:MRC2305A150
• 出版社/出版日:Transparency Market Research / 2023年3月8日
• レポート形態:英文、PDF、170ページ
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レポート概要
Transparency Market Research社の本市場調査資料によると、世界の水上スポーツ用品市場規模が、2023年の301億ドルから2031年には652億ドルまで年平均9.1%成長すると見込まれています。本資料は水上スポーツ用品の世界市場について広く調査し、序論、仮定、調査方法、エグゼクティブサマリー、市場概要、新型コロナウイルス感染症分析、製品別(スポーツ用品、保護用ギア&アクセサリー)分析、スポーツ別(サーフィン、スキー、ラフティング、カヤック&カヌー、競艇、その他)分析、価格帯別(低価格、中価格、高価格)分析、エンドユーザー別(プロ、アマチュア)分析、地域別(北米、ヨーロッパ、アジア太平洋、中東・アフリカ、南米)分析、競争状況、主要ポイントなどをまとめています。また、本資料には、Connelly Skis、Radar Skis、Absolute Outdoor Inc.、RAVE Sports、O'Brien Watersports、Sleath、Hobie、Ho Sports、iOCEAN、Robin Hood Watersportsなどの企業情報が含まれています。
・序論
・仮定
・調査方法
・エグゼクティブサマリー
・市場概要
・新型コロナウイルス感染症分析
・世界の水上スポーツ用品市場規模:製品別
- 装備品の市場規模
- 保護用ギア&アクセサリーの市場規模
・世界の水上スポーツ用品市場規模:スポーツ別
- サーフィンの市場規模
- 水上スキーの市場規模
- ラフティングの市場規模
- カヤック&カヌーの市場規模
- その他スポーツの市場規模
・世界の水上スポーツ用品市場規模:価格帯別
- 低価格帯水上スポーツ用品の市場規模
- 中価格帯水上スポーツ用品の市場規模
- 高価格帯水上スポーツ用品の市場規模
・世界の水上スポーツ用品市場規模:エンドユーザー別
- プロにおける市場規模
- アマチュアにおける市場規模
・世界の水上スポーツ用品市場規模:地域別
- 北米の水上スポーツ用品市場規模
- ヨーロッパの水上スポーツ用品市場規模
- アジア太平洋の水上スポーツ用品市場規模
- 中東・アフリカの水上スポーツ用品市場規模
- 南米の水上スポーツ用品市場規模
・競争状況
・企業情報
・主要ポイント

Surface Water Sports Equipment Market – Scope of Report
TMR’s report on the global surface water sports equipment market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2023 to 2031. The report provides revenue of the global surface water sports equipment market for the period 2017–2031, considering 2023 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global surface water sports equipment market from 2023 to 2031.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the surface water sports equipment market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global surface water sports equipment market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global surface water sports equipment market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global surface water sports equipment market.

The report delves into the competitive landscape of the global surface water sports equipment market. Key players operating in the global surface water sports equipment market have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global surface water sports equipment market profiled in this report.

Key Questions Answered in Global Surface Water Sports Equipment Market Report
• What is the sales/revenue generated by surface water sports equipment across all regions during the forecast period?
• What are the opportunities in the global surface water sports equipment market?
• What are the major drivers, restraints, opportunities, and threats in the market?
• Which regional market is set to expand at the fastest CAGR during the forecast period?
• Which segment is expected to generate the highest revenue globally in 2031?
• Which segment is projected to expand at the highest CAGR during the forecast period?
• What are the market positions of different companies operating in the global market?

Surface Water Sports Equipment Market – Research Objectives and Research Approach
The comprehensive report on the global surface water sports equipment market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global surface water sports equipment market in terms of product, end-user, and region. Key segments under each criterion have been studied at length, and the market share for each of these at the end of 2031 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global surface water sports equipment market.

レポート目次

1. Preface
    1.1. Market Definition and Scope
    1.2. Market Segmentation
    1.3. Key Research Objectives
    1.4. Research Highlights
2. Assumptions
3. Research Methodology
4. Executive Summary
5. Market Overview
    5.1. Market Dynamics
        5.1.1. Drivers
        5.1.2. Restraints
        5.1.3. Opportunities
    5.2. Key Trends Analysis
        5.2.1. Demand Side Analysis
        5.2.2. Supply Side Analysis
    5.3. Key Market Indicators
        5.3.1. Overall Sports Equipment Market
    5.4. Porter’s Five Forces Analysis
    5.5. Industry SWOT Analysis
    5.6. Value Chain Analysis
    5.7. Key Brand Analysis
    5.8. Covid-19 Impact Analysis
    5.9. Raw Material Analysis
    5.10. Global Surface Water Sports Equipment Market Analysis and Forecast, 2017 – 2031
        5.10.1. Market Value Projections (US$ Bn)
        5.10.2. Market Volume Projections (Thousand Units)
6. Global Surface Water Sports Equipment Market Analysis and Forecast, By Product Type
    6.1. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Product Type , 2017 – 2031
        6.1.1. Equipment
            6.1.1.1. Water skis
            6.1.1.2. Wake /knee boards
            6.1.1.3. Skates
            6.1.1.4. Kayaks
            6.1.1.5. Canoes
            6.1.1.6. Others
        6.1.2. Protective Gears and Accessories
            6.1.2.1. Wet suits/Rash guards
            6.1.2.2. Life Jacket
            6.1.2.3. Floats
            6.1.2.4. Others
    6.2. Incremental Opportunity, By product Type
7. Global Surface Water Sports Equipment Market Analysis and Forecast, By Sports
    7.1. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Sports, 2017 – 2031
        7.1.1. Surfing
        7.1.2. Skiing
        7.1.3. Rafting
        7.1.4. Kayaking/ Canoeing
        7.1.5. Boat racing
        7.1.6. Others
    7.2. Incremental Opportunity, By Sports
8. Global Surface Water Sports Equipment Market Analysis and Forecast, By Price
    8.1. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Price, 2017 – 2031
        8.1.1. Low
        8.1.2. Medium
        8.1.3. High
    8.2. Incremental Opportunity, By Price
9. Global Surface Water Sports Equipment Market Analysis and Forecast, By End-user
    9.1. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By End-user, 2017 – 2031
        9.1.1. Professional
        9.1.2. Amateur
    9.2. Incremental Opportunity, By End-user
10. Global Surface Water Sports Equipment Market Analysis and Forecast, By Consumer Group
    10.1. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Consumer Group, 2017 – 2031
        10.1.1. Men
        10.1.2. Women
        10.1.3. Kids
    10.2. Incremental Opportunity, By Consumer Group
11. Global Surface Water Sports Equipment Market Analysis and Forecast, By Distribution Channel
    11.1. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Distribution Channel, 2017 – 2031
        11.1.1. Online
            11.1.1.1. Company owned Website
            11.1.1.2. E-commerce website
        11.1.2. Offline
            11.1.2.1. Supermarket/Hypermarket
            11.1.2.2. Specialty Stores
            11.1.2.3. Other retail stores
    11.2. Incremental Opportunity, By Distribution Channel
12. Global Surface Water Sports Equipment Market Analysis and Forecast, By Region
    12.1. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Region, 2017 – 2031
        12.1.1. North America
        12.1.2. Europe
        12.1.3. Asia Pacific
        12.1.4. Middle East & Africa
        12.1.5. South America
    12.2. Incremental Opportunity, By Region
13. North America Surface Water Sports Equipment Market Analysis and Forecast
    13.1. Regional Snapshot
    13.2. Consumer Buying Behavior
    13.3. Key Brand Analysis
    13.4. Price Trend Analysis
        13.4.1. Weighted Average Price
    13.5. Key Trends Analysis
        13.5.1. Demand Side Analysis
        13.5.2. Supply Side Analysis
    13.6. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Product Type, 2017 – 2031
        13.6.1. Equipment
            13.6.1.1. Water skis
            13.6.1.2. Wake /knee boards
            13.6.1.3. Skates
            13.6.1.4. Kayaks
            13.6.1.5. Canoes
            13.6.1.6. Others
        13.6.2. Protective Gears and Accessories
            13.6.2.1. Wet suits/Rash guards
            13.6.2.2. Life Jacket
            13.6.2.3. Floats
            13.6.2.4. Others
    13.7. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Sports, 2017 – 2031
        13.7.1. Surfing
        13.7.2. Skiing
        13.7.3. Rafting
        13.7.4. Kayaking/ Canoeing
        13.7.5. Boat racing
        13.7.6. Others
    13.8. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Price, 2017 – 2031
        13.8.1. Low
        13.8.2. Medium
        13.8.3. High
    13.9. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By End-user, 2017 – 2031
        13.9.1. Professional
        13.9.2. Amateur
    13.10. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Distribution Channel, 2017 – 2031
        13.10.1. Online
            13.10.1.1. Company owned Website
            13.10.1.2. E-commerce website
        13.10.2. Offline
            13.10.2.1. Supermarket/Hypermarket
            13.10.2.2. Specialty Stores
            13.10.2.3. Other retail stores
    13.11. Surface Water Sports Equipment Market Size (US$ Bn) (Thousand Units), By Country/Sub-region, 2017 – 2031
        13.11.1. U.S.
        13.11.2. Canada
        13.11.3. Rest of North America
    13.12. Incremental Opportunity Analysis
14. Europe Surface Water Sports Equipment Market Analysis and Forecast
    14.1. Regional Snapshot
    14.2. Consumer Buying Behavior
    14.3. Key Brand Analysis
    14.4. Price Trend Analysis
        14.4.1. Weighted Average Price
    14.5. Key Trends Analysis
        14.5.1. Demand Side Analysis
        14.5.2. Supply Side Analysis
    14.6. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Product Type, 2017 – 2031
        14.6.1. Equipment
            14.6.1.1. Water skis
            14.6.1.2. Wake /knee boards
            14.6.1.3. Skates
            14.6.1.4. Kayaks
            14.6.1.5. Canoes
            14.6.1.6. Others
        14.6.2. Protective Gears and Accessories
            14.6.2.1. Wet suits/Rash guards
            14.6.2.2. Life Jacket
            14.6.2.3. Floats
            14.6.2.4. Others
    14.7. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Sports, 2017 – 2031
        14.7.1. Surfing
        14.7.2. Skiing
        14.7.3. Rafting
        14.7.4. Kayaking/ Canoeing
        14.7.5. Boat racing
        14.7.6. Others
    14.8. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Price, 2017 – 2031
        14.8.1. Low
        14.8.2. Medium
        14.8.3. High
    14.9. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By End-user, 2017 – 2031
        14.9.1. Professional
        14.9.2. Amateur
    14.10. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Distribution Channel, 2017 – 2031
        14.10.1. Online
            14.10.1.1. Company owned Website
            14.10.1.2. E-commerce website
        14.10.2. Offline
            14.10.2.1. Supermarket/Hypermarket
            14.10.2.2. Specialty Stores
            14.10.2.3. Other retail stores
    14.11. Surface Water Sports Equipment Market Size (US$ Bn) (Thousand Units), By Country/Sub-region, 2017 – 2031
        14.11.1. U.K.
        14.11.2. Germany
        14.11.3. France
        14.11.4. Rest of Europe
    14.12. Incremental Opportunity Analysis
15. Asia Pacific Surface Water Sports Equipment Market Analysis and Forecast
    15.1. Regional Snapshot
    15.2. Consumer Buying Behavior
    15.3. Key Brand Analysis
    15.4. Price Trend Analysis
        15.4.1. Weighted Average Price
    15.5. Key Trends Analysis
        15.5.1. Demand Side Analysis
        15.5.2. Supply Side Analysis
    15.6. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Product Type, 2017 – 2031
        15.6.1. Equipment
            15.6.1.1. Water skis
            15.6.1.2. Wake /knee boards
            15.6.1.3. Skates
            15.6.1.4. Kayaks
            15.6.1.5. Canoes
            15.6.1.6. Others
        15.6.2. Protective Gears and Accessories
            15.6.2.1. Wet suits/Rash guards
            15.6.2.2. Life Jacket
            15.6.2.3. Floats
            15.6.2.4. Others
    15.7. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Sports, 2017 – 2031
        15.7.1. Surfing
        15.7.2. Skiing
        15.7.3. Rafting
        15.7.4. Kayaking/ Canoeing
        15.7.5. Boat racing
        15.7.6. Others
    15.8. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Price, 2017 – 2031
        15.8.1. Low
        15.8.2. Medium
        15.8.3. High
    15.9. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By End-user, 2017 – 2031
        15.9.1. Professional
        15.9.2. Amateur
    15.10. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Distribution Channel, 2017 – 2031
        15.10.1. Online
            15.10.1.1. Company owned Website
            15.10.1.2. E-commerce website
        15.10.2. Offline
            15.10.2.1. Supermarket/Hypermarket
            15.10.2.2. Specialty Stores
            15.10.2.3. Other retail stores
    15.11. Surface Water Sports Equipment Market Size (US$ Bn) (Thousand Units), By Country/Sub-region, 2017 – 2031
        15.11.1. China
        15.11.2. India
        15.11.3. Japan
        15.11.4. Rest of Asia Pacific
    15.12. Incremental Opportunity Analysis
16. Middle East & Africa Surface Water Sports Equipment Market Analysis and Forecast
    16.1. Regional Snapshot
    16.2. Consumer Buying Behavior
    16.3. Key Brand Analysis
    16.4. Price Trend Analysis
        16.4.1. Weighted Average Price
    16.5. Key Trends Analysis
        16.5.1. Demand Side Analysis
        16.5.2. Supply Side Analysis
    16.6. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Product Type, 2017 – 2031
        16.6.1. Equipment
            16.6.1.1. Water skis
            16.6.1.2. Wake /knee boards
            16.6.1.3. Skates
            16.6.1.4. Kayaks
            16.6.1.5. Canoes
            16.6.1.6. Others
        16.6.2. Protective Gears and Accessories
            16.6.2.1. Wet suits/Rash guards
            16.6.2.2. Life Jacket
            16.6.2.3. Floats
            16.6.2.4. Others
    16.7. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Sports, 2017 – 2031
        16.7.1. Surfing
        16.7.2. Skiing
        16.7.3. Rafting
        16.7.4. Kayaking/ Canoeing
        16.7.5. Boat racing
        16.7.6. Others
    16.8. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Price, 2017 – 2031
        16.8.1. Low
        16.8.2. Medium
        16.8.3. High
    16.9. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By End-user, 2017 – 2031
        16.9.1. Professional
        16.9.2. Amateur
    16.10. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Distribution Channel, 2017 – 2031
        16.10.1. Online
            16.10.1.1. Company owned Website
            16.10.1.2. E-commerce website
        16.10.2. Offline
            16.10.2.1. Supermarket/Hypermarket
            16.10.2.2. Specialty Stores
            16.10.2.3. Other retail stores
    16.11. Surface Water Sports Equipment Market Size (US$ Bn) (Thousand Units), By Country/Sub-region, 2017 – 2031
        16.11.1. GCC
        16.11.2. South Africa
        16.11.3. Rest of Middle East & Africa
    16.12. Incremental Opportunity Analysis
17. South America Surface Water Sports Equipment Market Analysis and Forecast
    17.1. Regional Snapshot
    17.2. Consumer Buying Behavior
    17.3. Key Brand Analysis
    17.4. Price Trend Analysis
        17.4.1. Weighted Average Price
    17.5. Key Trends Analysis
        17.5.1. Demand Side Analysis
        17.5.2. Supply Side Analysis
    17.6. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Product Type , 2017 – 2031
        17.6.1. Equipment
            17.6.1.1. Water skis
            17.6.1.2. Wake /knee boards
            17.6.1.3. Skates
            17.6.1.4. Kayaks
            17.6.1.5. Canoes
            17.6.1.6. Others
        17.6.2. Protective Gears and Accessories
            17.6.2.1. Wet suits/Rash guards
            17.6.2.2. Life Jacket
            17.6.2.3. Floats
            17.6.2.4. Others
    17.7. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Sports, 2017 – 2031
        17.7.1. Surfing
        17.7.2. Skiing
        17.7.3. Rafting
        17.7.4. Kayaking/ Canoeing
        17.7.5. Boat racing
        17.7.6. Others
    17.8. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Price, 2017 – 2031
        17.8.1. Low
        17.8.2. Medium
        17.8.3. High
    17.9. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By End-user, 2017 – 2031
        17.9.1. Professional
        17.9.2. Amateur
    17.10. Surface Water Sports Equipment Market Size (US$ Bn and Thousand Units), By Distribution Channel, 2017 – 2031
        17.10.1. Online
            17.10.1.1. Company owned Website
            17.10.1.2. E-commerce website
        17.10.2. Offline
            17.10.2.1. Supermarket/Hypermarket
            17.10.2.2. Specialty Stores
            17.10.2.3. Other retail stores
    17.11. Surface Water Sports Equipment Market Size (US$ Bn) (Thousand Units), By Country/Sub-region, 2017 – 2031
        17.11.1. Brazil
        17.11.2. Rest of South America
    17.12. Incremental Opportunity Analysis
18. Competition Landscape
    18.1. Market Player – Competition Dashboard
    18.2. Market Share Analysis % (2022)
    18.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview, Go-To-Market Strategy)
        18.3.1. Connelly Skis
            18.3.1.1. Company Overview
            18.3.1.2. Sales Area/Geographical Presence
            18.3.1.3. Revenue
            18.3.1.4. Strategy & Business Overview
            18.3.1.5. Go-To-Market Strategy
        18.3.2. Radar Skis
            18.3.2.1. Company Overview
            18.3.2.2. Sales Area/Geographical Presence
            18.3.2.3. Revenue
            18.3.2.4. Strategy & Business Overview
            18.3.2.5. Go-To-Market Strategy
        18.3.3. Absolute Outdoor Inc.
            18.3.3.1. Company Overview
            18.3.3.2. Sales Area/Geographical Presence
            18.3.3.3. Revenue
            18.3.3.4. Strategy & Business Overview
            18.3.3.5. Go-To-Market Strategy
        18.3.4. RAVE Sports
            18.3.4.1. Company Overview
            18.3.4.2. Sales Area/Geographical Presence
            18.3.4.3. Revenue
            18.3.4.4. Strategy & Business Overview
            18.3.4.5. Go-To-Market Strategy
        18.3.5. O’Brien Watersports
            18.3.5.1. Company Overview
            18.3.5.2. Sales Area/Geographical Presence
            18.3.5.3. Revenue
            18.3.5.4. Strategy & Business Overview
            18.3.5.5. Go-To-Market Strategy
        18.3.6. Sleath
            18.3.6.1. Company Overview
            18.3.6.2. Sales Area/Geographical Presence
            18.3.6.3. Revenue
            18.3.6.4. Strategy & Business Overview
            18.3.6.5. Go-To-Market Strategy
        18.3.7. Hobie
            18.3.7.1. Company Overview
            18.3.7.2. Sales Area/Geographical Presence
            18.3.7.3. Revenue
            18.3.7.4. Strategy & Business Overview
            18.3.7.5. Go-To-Market Strategy
        18.3.8. Ho Sports
            18.3.8.1. Company Overview
            18.3.8.2. Sales Area/Geographical Presence
            18.3.8.3. Revenue
            18.3.8.4. Strategy & Business Overview
            18.3.8.5. Go-To-Market Strategy
        18.3.9. iOCEAN
            18.3.9.1. Company Overview
            18.3.9.2. Sales Area/Geographical Presence
            18.3.9.3. Revenue
            18.3.9.4. Strategy & Business Overview
            18.3.9.5. Go-To-Market Strategy
        18.3.10. Robin Hood Watersports
            18.3.10.1. Company Overview
            18.3.10.2. Sales Area/Geographical Presence
            18.3.10.3. Revenue
            18.3.10.4. Strategy & Business Overview
            18.3.10.5. Go-To-Market Strategy
19. Key Takeaways
    19.1. Identification of Potential Market Spaces
        19.1.1. Product Type
        19.1.2. Sports
        19.1.3. Price
        19.1.4. End-user
        19.1.5. Consumer Group
        19.1.6. Distribution Channel
        19.1.7. Region
    19.2. Preferred Sales & Marketing Strategy
    19.3. Prevailing Market Risks