150 State St., Albany,
NY, USA, 12207
Globally, adaptive surfing has gained immense popularity among disabled people as it contributes to their physical well-being, confidence building, and combating discrimination and also requires minimal training and equipment. Furthermore, it plays an important role in the rehabilitation process and also improves sensorial and psychosocial skills. It optimally adds value to the prevention and treatment of many pathological conditions by preventing sedentary lifestyles and stress, contributing to social inclusion, and encouraging teamwork among people with disabilities. As a result, the demand for surfboards has enormously scaled up.
Surfboards are elongated and light surfing equipment's that support a person standing on them while riding an ocean wave. Over the years, major advancements including introduction of one or more fins to the board’s bottom rear to enhance steering stability among others have been witnessed.
Global surfboard market size is anticipated to witness growth at a more than healthy CAGR in the years to come.
The growth of this market is attributed towards a combination of major relying factors including the increasing awareness about the benefits of adaptive surfing as a vital therapeutic tool, rising participation of women in water sports activities, increasing spending on recreational and leisure activities by people worldwide etc.
Promotions of the therapeutic benefits of this sport encourage the participation of new surfers, which, boosts the global sales of surfboards. For instance, the Portuguese Association of Adapted Surfing, SURFaddict has organized many events along the Portuguese coastline to promote adaptive surfing. Additionally, the International Surfing Association (ISA) is planning to include the sport in the Paralympic Games to make it more accessible. Therefore, the surfboard market growth is expected to comprehensively grow over the next few years.
The global surfboard market is scaling owing to manufacturers who are closely observing the changing consumer preferences and emerging trends to adapt to the ever-changing market scenario. Product innovations and developments will make market participants compete on several factors, including product pricing, quality, brand, and variety. Already, new innovations have started to emerge. The newest ones have nose-less crafts, straight rails, and angular tails. Many surfing enthusiasts are also coming up with their own surfboard designs. For example, Edison Conner, a former SpaceX rocket scientist, along with his teammates tried to create durable surfboards with ultra-rigid foam which is stronger and stiffer than conventional foam. Additionally, manufacturers are focusing on electric and eco-friendly surfboards. These products have a direct positive impact on the overall sales of surfboards.
However, the increasing adoption of do-it-yourself (DIY) surfboards, concerns related to sustainability and emergence of online surfing are factors that affect the market negatively, thereby impeding the growth.
SURFBOARD MARKET SEGMENTATION:
By Distribution Channel:
The North American region dominated the regional market for surfboards in 2019 and is expected to continue the same. This can be attributed to the rise in surf tourism in countries like the US and Canada and the growing women participants in water sports in the region along with the rising number of national sponsors for events such as the ISA World StandUp Paddle and the Paddleboard Championship (WSUPPC) etc.
The North American region is to be followed by Europe, APAC, South America, and MEA respectively in the years to come.
FEW KEY PLAYERS IN SURFBOARD MARKET:
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyses the global surfboard market by the following segments:
- Distribution Channel
Customization: We also offer customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Surfboard Industry Report
The report offers a comprehensive insight on the Surfboard Market share, competitor landscape, market trends, growth, revenue, and key driver’s analysis with coverage of key players, top geographies, product types and end user.
Exhaustive secondary research and in-depth primary interviews with industry experts has been conducted to present qualitative and quantitative insights in the report.
We offer customizations as per client’s specific needs.