Surfboard Market By Product (Shortboards, Longboards); By Material (Polyurethane (P.U.) Boards, Balsa Boards, Hollow Wooden Boards, Other); By End-user (Recreational Users, Professional Users); By Distribution Channel (Specialty Stores, Department Stores, Online Retail, Others); By Application (Entertainment, Sport Competition, Other); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032
Surfboard Market Overview and Definition
The global surfboard market is estimated to grow from USD 2.7 billion in 2021 to USD 4.5 billion by 2032, at a CAGR of 7.5 between 2022-2032. The surfboard market is a growing industry that is primarily driven by increasing participation in surfing worldwide. The market is characterized by a wide range of products, including longboards, shortboards, funboards, and fish boards, among others. There is also a growing demand for eco-friendly and sustainable surfboards, which are made using materials such as bamboo, recycled foam, and bio-resins. The market is dominated by several major players, including Channel Islands, Firewire, Rusty, and Surftech, but there are also many smaller manufacturers and custom shapers catering to niche markets. The COVID-19 pandemic has affected the surfboard market, causing disruptions to supply chains and leading to shortages in some areas, but overall demand for surfboards has remained strong.
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.
Surfboard Market Key Drivers
The surfboard market is primarily driven by increasing participation in surfing worldwide. The popularity of surfing as a sport and recreational activity has grown significantly in recent years, especially in emerging markets like Asia and Latin America. Other drivers include the growing interest in eco-friendly and sustainable products, the development of new materials and technologies for surfboards, and the rise of e-commerce, which has made it easier for consumers to access a wider range of surfboards from different manufacturers. Additionally, the COVID-19 pandemic has also contributed to the growth of the market, as more people have turned to outdoor activities like surfing for exercise and stress relief.
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.
Surfboard Market Challenges
The surfboard market faces several challenges, including competition from alternative water sports and activities, such as stand-up paddleboarding and kayaking, which can be less expensive and easier to learn. Additionally, the market is also impacted by the high cost of production, particularly for custom or eco-friendly surfboards, which can be prohibitively expensive for some consumers. Another challenge is the increasing concern over the environmental impact of surfboard production, which has led to a growing demand for more sustainable materials and manufacturing processes. Finally, the COVID-19 pandemic has also posed challenges to the market, including disruptions to supply chains, shipping delays, and reduced access to surf breaks due to closures and restrictions.
Surfboard Market : Report Scope |
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Base Year Market Size |
2021 |
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Forecast Year Market Size |
2022-2032 |
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CAGR Value |
7.5 % |
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Segmentation |
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Challenges |
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Growth Drivers |
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Surfboard Market Segmentation
By Product
- Shortboards
- Longboards
By Material
- Polyurethane (P.U.) Boards
- Balsa Boards
- Hollow Wooden Boards
- Other
By End-user
- Recreational Users
- Professional Users
By Distribution Channel
- Specialty Stores
- Department Stores
- Online Retail
- Others
By Application
- Entertainment
- Sport Competition
- Other
Surfboard Market Regional Synopsis
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.
Surfboard Market: Key Players
- Channel Island Surfboards
- Global Surf Industries
- Hobie Cat Company
- INFINITY SURF
- NSP Surfboard
- Quiksilver Inc.
- Xanadu Surfboards
- Quiksilver
- Rusty Surfboards
- Xanadu Surfboards
- Haydenshapes
- Boardworks Surf
- Firewire Surfboards
- Beachbeat Surfboards
Surfboard Market: Recent Developments
In January 2020, Swedish electric surfboard manufacturer Awake came back with the release of its newest electric surfboard model, the Awake RÄVIK_S. Awake launched the company’s original RÄVIK electric surfboard in the summer of 2018. The newer version incorporates a redesigned hull to improve its hydrodynamic performance.
In May 2020, Watersports startup YuJet announced to release a jet-powered electric surfboard that the company said will take just five minutes to learn and will let the rider ride for about 40 minutes with no waves required and that too with a fully water-proof replaceable battery.
In August 2020, Juc Surf, an Australian start-up build first recycled carbon fiber composite surfboard. Juc Surf, reportedly, uses 100% recycled carbon fiber scrap materials for a more sustainable surfboard that doesn’t sacrifice performance.
In September 2020, Pyzel Surfboards announced the formation of The Sugar Mill Europe, a dedicated sales, production and marketing group focused on servicing the European market. The Sugar Mill is said to be the European headquarters of Pyzel Surfboards as well as JJF by Pyzel FunformanceTM, the new high performance softboard brand co-owned by Pyzel Surfboards and John John Florence.
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
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- Publication date: 8th January 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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