That's too bad. Clearly a company proud of their achievements and hoping for a turn so they can continue in the future.peterheirman wrote:...To continue the evolution of GIN KITEBOARDING in a competitive way in the current kite market, we have to change the existing structure of GIN KITEBOARDING. We have so far not found any convincing solution ensuring we achieve our new goals. We are forced to suspend all GIN KITEBOARDING activities with immediate effect.
A step is completed, some parts of us stay here. With heavy hearts we say goodbye and we thank everyone for having been part of our wildest dreams ... THANKS
Good wind and good riding to all of you!
GIN KITEBOARDING Team
+1peterheirman wrote:1) The world is more or less in a recession
2) People/Youngsters in countries like Spain, Portugal, Italy, Greece are up to 50% unemployed - not stimulating to buy kite gear
3) Kite surfing is a quite expensive sport - not a expensive compared to wake boarding/waterskiing requiring a motor boat- but many times more expensive than the "chique" golf sport
4) Prices of equipment are rising faster than the income of most kitesurfers
5) No real progress or quantum leaps the last 4 years - so no eager to buy new stuff
6) No new markets: Asian people don't go kitesurfing yet (if ever) as they are spending money on house and car - kitesurfing is not their dream
7) Too many brands -some almost local
8] Wave kitesurf has been promoted since 4 years now and only catches on slowly but won't become a big market as waves and wind are required - and skills.
9) Due to increasing petrol prices and more or higher taxes on cars the cost of traveling to the sea/ocean or lake is going up: thus less sessions per year on average.
Conclusion:
The same number of people (or even less) who have less money to spend than 5 to 10 years ago - for ever more expensive equipment that has no big improvement over 3 or 4 year old equipment and higher transportation costs will put the kitesurfing industry also into a big recession.
peterheirman wrote:1) The world is more or less in a recession
2) People/Youngsters in countries like Spain, Portugal, Italy, Greece are up to 50% unemployed - not stimulating to buy kite gear
3) Kite surfing is a quite expensive sport - not a expensive compared to wake boarding/waterskiing requiring a motor boat- but many times more expensive than the "chique" golf sport
4) Prices of equipment are rising faster than the income of most kitesurfers
5) No real progress or quantum leaps the last 4 years - so no eager to buy new stuff
6) No new markets: Asian people don't go kitesurfing yet (if ever) as they are spending money on house and car - kitesurfing is not their dream
7) Too many brands -some almost local
8] Wave kitesurf has been promoted since 4 years now and only catches on slowly but won't become a big market as waves and wind are required - and skills.
9) Due to increasing petrol prices and more or higher taxes on cars the cost of traveling to the sea/ocean or lake is going up: thus less sessions per year on average.
Conclusion:
The same number of people (or even less) who have less money to spend than 5 to 10 years ago - for ever more expensive equipment that has no big improvement over 3 or 4 year old equipment and higher transportation costs will put the kitesurfing industry also into a big recession.
Good description of the current situation... as a lot of countries have trouble with their economy, the sales will go down... And then the companies will be forced to adapt...peterheirman wrote:1) The world is more or less in a recession
2) People/Youngsters in countries like Spain, Portugal, Italy, Greece are up to 50% unemployed - not stimulating to buy kite gear
3) Kite surfing is a quite expensive sport - not a expensive compared to wake boarding/waterskiing requiring a motor boat- but many times more expensive than the "chique" golf sport
4) Prices of equipment are rising faster than the income of most kitesurfers
5) No real progress or quantum leaps the last 4 years - so no eager to buy new stuff
6) No new markets: Asian people don't go kitesurfing yet (if ever) as they are spending money on house and car - kitesurfing is not their dream
7) Too many brands -some almost local
8] Wave kitesurf has been promoted since 4 years now and only catches on slowly but won't become a big market as waves and wind are required - and skills.
9) Due to increasing petrol prices and more or higher taxes on cars the cost of traveling to the sea/ocean or lake is going up: thus less sessions per year on average.
Conclusion:
The same number of people (or even less) who have less money to spend than 5 to 10 years ago - for ever more expensive equipment that has no big improvement over 3 or 4 year old equipment and higher transportation costs will put the kitesurfing industry also into a big recession.
Yeah, those prices are getting obscene.ktflyer381 wrote:...
I think the big companies have their work cut out for them. BTW, $1000+ for a twin tip is an f-ing joke, you are delusional if you think that is somehow worthwhile. I have the money that I can afford new gear if I so choose, but I don't spend my money if I don't think I am getting a good value. New 12m's for $2100 and new twin tips for $1000 won't kill the industry, but they will kill the growth for the big brands and keep newcomers away from the sport.
K
Users browsing this forum: andrzej351, Bing [Bot], Brent NKB, CaptainKook, eloico, EscSpace, Google [Bot], ham-er, Hessel, KVL, nothing2seehere, Regis-de-giens, Smeagle, Yahoo [Bot] and 355 guests