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Global Surfing Boards Market – Industry Trends and Forecast to 2030

  • FMCG
  • Upcoming Report
  • Mar 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Surfing Boards Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 2305.40 Million
Diagram Market Size (Forecast Year) USD 3786.86 Million
Diagram CAGR %

Global Surfing Boards Market, By Product Type (Short Boards, Longboards, Fun Boards, Foam Board and Others), Material (Wood, Fiberglass and Foam, Epoxy, Polyurethane and Polystyrene), Distribution Channel (Online, Offline), End users (Kids, Adults), Application (Entertainment, Sports Competition and Others) – Industry Trends and Forecast to 2030.

Surfing Boards Market Analysis and Size

Nowadays, water sports and adventure sports are gaining high popularity among millennial population mainly among adventure enthusiasts and thrill seekers. Surfing is one of the most popular water sports which is prevalent in various nations such as the U.S., Australia, Portugal, Indonesia, Sri Lanka, Canada and New Zealand. These nations have long coastlines. Thus, there is a high demand for surfing boards in these countries. This factor is anticipated to proliferate the market growth during the forecast period.

Data Bridge Market Research analyses that the surfing boards market is expected to reach USD 3,786.86 million by 2030, which is USD 2,305.4 million in 2022, registering a CAGR of 6.40% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Surfing Boards Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Short boards, Longboards, Fun boards, Foam Board and Others), Material (Wood, Fiberglass and Foam, Epoxy, Polyurethane and Polystyrene), Distribution Channel (Online, Offline), End users (Kids, Adults), Application (Entertainment, Sports Competition and Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Channel Islands Surfboards (U.S.), Nike, Inc. (U.S.), Billabong (Australia), MT WOODGEE SURFBOARDS (Australia), kinaroad (Australia), Pro-Lite (U.S.), Blue Sea Watersports (U.K.), CoLab Surf Studios (U.K.), Rusty Surfboards (Australia), McTavish (Australia), Carabine Surf (Australia), Firewire Surfboards, LLC (U.S.), Huizhou Xinyitong Sports Equipment Co. LTD (China), Tahe Outdoors (France), Simon Anderson Surfboards (Australia), Infinity SUP (U.S.), AIWAN MAXAM INDUSTRIAL CORPORATION (Spain)

 

Market Opportunities

  • Increasing launches of innovative products for better surfing experience
  • Surging acquisition and mergers between major market players to strengthen their position

Market Definition

Surfing boards are those sports equipment which are used in surfing sports. Surfing boards are enlarged platforms that enable user or individual to stand over them and then perform surfing stunts. The surfing boards are made up of different type of materials and can easily withstand under harsh oceanic waves. The surfing boards are available in different designs, sizes and shapes.

Global Surfing Boards Market Dynamics

Drivers

  • Increasing educational surfing courses globally

The market is witnessing significant growth in number of surfboarding schools all over the globe. This is boosting the contribution of new surfers. The courses offered at these surfboarding schools are improving the abilities, knowledge, and skills of surfers through a scientific approach. Furthermore, the International Surfing Association (ISA) which governs SUP racing and surfing, wake surfing, bodysurfing, surfing and other wave-riding activities has introduced numerous educational courses to promote surfing worldwide. Hence, increasing educational surfing courses globally eventually surge the demand for the surfing boards which will likely to boost the market growth.

  • Rising evolution in the designs of surfboards

The continuous development in the designs of surfboards is expected to propel the growth of the surfing boards market during the forecast period. Manufacturers of surfing boards are manufacturing surfboards with enhanced features. Numerous surfing enthusiasts also favour to designing their own surfboards. For instance, Daniel Thomson which is an Australian surfboard shaper has designed a surfboard named Vanguard. This surfboard has a straight rails, noseless craft and an angular tail.

Opportunities

  • Surging acquisition and mergers between major market players to strengthen their position

The most corporations are focusing on mergers and acquisitions, acquiring shares to boost their market position in regional companies which is expected to create lucrative opportunities for the market growth. The brands are mainly focusing on mergers to expand their geographical reach. For instance, Volcom, LLC which is a California-based board-sports company has merged with China Ting Group to strengthen their presence in China.

  • Increasing launches of innovative products for better surfing experience

The growing interest of consumer in surfing sports is encouraging retailers to innovate and launch large number of innovative products which will anticipated to generate ample opportunities for the growth of the surfing board market. For instance, the growing demand among consumers for electric water sports is leading to the launch of electric surfboards. These surfboards offer the better surfing experience even when there are no waves.

Restraints/ Challenges

  • High cost of surfing boards

The high cost of raw materials which are used for the production of surfing boards is one of the major factor which is expected to hamper the market growth. The price of polyurethane globally has led to a sharp rise in the cost of surfboards worldwide. As a result, surf shops and shapers have to surge their prices of surfing boards to match the market.

  • Ever-increasing hydrophobic population

The ever-increasing hydrophobic population reduce the interest of consumers towards water related sports such as surfing. As a result of this, the demand for the surfing board decreases which is expected to hamper the market growth.

This surfing boards market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the surfing boards market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Surfing Boards Market Scope

The surfing boards market is segmented on the basis of product type, material, distribution channel, end users and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Short boards
  • Longboards
  • Fun boards
  • Foam Board
  • Others

Material

  • Wood
  • Fiberglass and Foam
  • Epoxy
  • Polyurethane and Polystyrene

Distribution Channel

  • Online
  • E-Commerce Portal
  • Company Owned Portal
  • Offline
  • Sports store
  • Specialty store
  • Others
  • Flagship store
  • Others

End users

  • Kids
  • Adults

 Application

  • Entertainment
  • Sports Competition
  • Others

Surfing Boards Market Regional Analysis/Insights

The surfing boards market is analyzed and market size insights and trends are provided by country, product type, material, distribution channel, end users and application as referenced above.

The countries covered in the surfing boards market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the surfing boards market due to the increasing focus of the manufacturers on product innovations in this region. Moreover, individuals' increasing fondness toward adventures and sports will further increase the market growth in this region.

Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 due to the growing popularity of brands and increasing personal disposable income in this region,. Furthermore, the growth and expansion of the tourism and travel industry will further increase the market growth in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Surfing Boards Market Share Analysis

The surfing boards market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to surfing boards market.

Some of the major players operating in the surfing boards market are:

  • Channel Islands Surfboards (U.S.)
  • Nike, Inc (U.S.)
  • Billabong (Australia)
  • MT WOODGEE SURFBOARDS (Australia)
  • kinaroad (Australia)
  • Pro-Lite (U.S.)
  • Blue Sea Watersports (U.K.)
  • CoLab Surf Studios (U.K.)
  • Rusty Surfboards (Australia)
  • McTavish (Australia)
  • Carabine Surf (Australia)
  • Firewire Surfboards, LLC (U.S.)
  • Huizhou Xinyitong Sports Equipment Co. LTD (China)
  • Tahe Outdoors (France)
  • Simon Anderson Surfboards (Australia)
  • Infinity SUP (U.S.
  • AIWAN MAXAM INDUSTRIAL CORPORATION (Spain)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Surfing Boards Market growth rate is USD 3,786.86 million by 2030 during the forecast period.
The Surfing Boards Market growth rate is 6.40% during the forecast period.
The Rising evolution in the designs of surfboards and Increasing educational surfing courses globally are the growth drivers of the Surfing Boards Market.
The product type, material, distribution channel, end users, and application are the factors on which the Surfing Boards Market research is based.
The major companies in the Surfing Boards Market are Channel Islands Surfboards (U.S.), Nike, Inc. (U.S.), Billabong (Australia), MT WOODGEE SURFBOARDS (Australia), kinaroad (Australia), Pro-Lite (U.S.), Blue Sea Watersports (U.K.), CoLab Surf Studios (U.K.), Rusty Surfboards (Australia), McTavish (Australia), Carabine Surf (Australia), Firewire Surfboards, LLC (U.S.), Huizhou Xinyitong Sports Equipment Co. LTD (China), Tahe Outdoors (France), Simon Anderson Surfboards (Australia), Infinity SUP (U.S.), AIWAN MAXAM INDUSTRIAL CORPORATION (Spain).
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