Global surfboard markets, 2020-2021 and 2022-2026

DUBLIN, March 25, 2022 /PRNewswire/ — The “Surfing Boards – Global Market Trajectory & Analytics” report has been added to from ResearchAndMarkets.com offer.


Global surfboard market to reach $3.1 billion by 2026

Amid COVID-19 crisis, Global Surfboards Market Estimated at US$2.2 billion in 2020, is expected to reach a size of US$3.1 billion by 2026, posting a CAGR of 5.8% over the analysis period.

Surf tourism is affected due to travel restrictions put in place around the world as well as the closure of restaurants, hostels and hotels. regions such as Australiathe Maldives, Fiji, Franceand Hawaii, among others, are popular surfing destinations and these restrictions have impacted business in these areas. Surfers who preferred to travel during the summers to surf destinations have been affected by the closure of airports and beaches. Additionally, several international surfing events have been postponed or canceled, which further affected the market.

Shortboards, one of the segments analyzed in the report, is expected to register a CAGR of 6.1% to reach a market size of approximately US$2.1 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, the growth of the longboard segment is expected to skyrocket to 5.3% CAGR for the next 7-year period.

The US market is estimated at $1 billion in 2021, while Asia-Pacific is expected to reach $588.2 million by 2026

The surfboard market in the United States is estimated at 1 billion US dollars in the year 2021. Asia Pacific is expected to reach a projected market size of US$588.2 million by 2026 with a CAGR of 6.5% over the analysis period. Other notable geographic markets include Japan and Europeeach is expected to grow at a CAGR of 5.2% and 5.4% respectively over the analysis period.

A notable trend in the surfboard market is the growing popularity of adaptive surfing which is creating an increased demand for boards. People with disabilities learn adaptive surfing as it builds confidence and improves physical well-being and psychosocial and sensory skills.

Surfing has also become a way for people with disabilities to fight against discrimination because it encourages teamwork and contributes to social inclusion. Adaptive surfing is also known to prevent and treat several pathological conditions in people with disabilities, resulting from stress and sedentary lifestyle. Adaptive surfing is currently encouraged in several countries.

Segment of longboards to reach $745.2 million by 2026

Longboards are thicker, wider and longer, usually 8 to 14 feet (2.4 to 4.3m). These boards have a much more rounded nose than a shortboard, which increases stability and buoyancy. Longboards are preferred by experienced surfers for their superior features including noseriding and stability.

In the global longboard segment, United States, Japan, Europe and Asia Pacific will drive the CAGR of 5.3% estimated for this segment. These regional markets representing a combined market size of $510.4 million in the year 2020 will reach a projected size of US$733.9 million at the end of the analysis period, representing 94.1% of the global market value. United States will remain among the most dynamic in this group of regional markets and should reach US$335.6 million by 2026.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Global Market Trajectories
  • Impact of Covid-19 and a looming global recession
  • The surf industry presents a negative impact on confinement and travel restrictions
  • Surfing Rage After lifting restrictions, surfboard manufacturers are extremely busy
  • More free time leads to more surfing and amazing bounties for the surf industry
  • Overview of the influencer market
  • Surfing: a popular sport and leisure activity
  • surfing skills
  • Types of surfing
  • Surfboards: an introduction
  • Types of surfboards
  • Global Market Outlook and Prospects
  • The United States dominates the global surfing market
  • Competetion
  • Recent market activity

2. FOCUS ON CERTAIN PLAYERS (Total 124 featured)

  • Act Global, Inc.
  • Tahe outside
  • Blue Sea Watersports Ltd
  • BruSurf
  • Channel Islands Surfboards, Inc.
  • Firewire Surfboards, LLC
  • Global Surfing Industries
  • Hobie Cat Company, Inc.
  • Hydenformes
  • infinity SUP
  • Sporting Goods Keeper, LLC
  • McTavish Surfboards
  • Mt Woodgee Surfboards
  • DK International
  • Rusty surfboards inc.
  • SURFTECH, LLC
  • Boardworks Surf & Sup
  • Toy Factory Surfboards
  • Natural Woodpecker Surfboards
  • XANADU SURF DRAWINGS

3. MARKET TRENDS AND DRIVERS

  • Demographics influence surf gear sales
  • Participation in surfing worldwide: number of surfers (in thousands) for selected countries
  • Women & girls: the new wave of female surfers
  • Global Surfing Participation by Gender: 2019
  • Technological advancements to drive market opportunities in the surfing market
  • Connected surfboard
  • Surf forecasts improve participation
  • 3D printed surfboard and VR surfing
  • Drone technology for surfing
  • Finding the Perfect Wave Using Smartphones
  • High-tech surfing is gaining interest
  • E-foil technology
  • New range of Brigade surfboards with LED lighting take the surfing experience to new levels
  • Radical surfboard design reflects revolutionary surfboard innovation
  • Innovations in surfboard materials and new manufacturing technologies to drive growth opportunities
  • Wooden surfboards: an ecological and sustainable option
  • Carbon technology to improve surfboards
  • Use of carbon fiber waste in the manufacture of surfboards
  • Modular Folding Surfboard
  • Hybrid and uniquely shaped surfboards: a blend of enhanced performance, convenience and fun
  • Innovation in fin designs aimed at improving surfboard control and steering
  • Electric fin surfboards
  • Growing interest in surfboard volume measurements to give market traction
  • Aviation inspires new surfboard designs
  • The battery-powered surfboard powers the electric surfboard market
  • Expand applications beyond recreation and adventure
  • Surfboards find use in snowboarding
  • Smart Sensor-Powered Surfboard Fins for Ocean Warming Monitoring
  • High performance surfboards are gaining popularity
  • Growing popularity of adaptive surfing to present long-term growth prospects
  • Select notable adaptive surfing organizations around the world
  • Emergence of surf therapy for the treatment of mental illnesses: growth potential of surf equipment
  • Artificial wave pools and surf parks bring surfing to landlocked areas: potential for surf clothing and equipment
  • Main technologies used for the generation of artificial waves
  • Efforts to develop professional surfing in the development of surf park arena-based sports fans
  • The dynamics of surf tourism influence the demand for surf equipment
  • How is the tourism and leisure industry affected by the pandemic and what is the new normal?
  • Surf tourism in Asian countries struggles due to the coronavirus pandemic
  • Health + Wellness + Surf: the new success mantra for surf tourism
  • Luxury Surf Tourism: Long-Term Growth Potential
  • Sustainable practices are gaining prominence in the surf industry
  • Materials and production techniques for eco-friendly surfboards
  • Seaweed-based surfboards emerge as sustainable alternatives to standard surfboards
  • Media emerges as a key promotional platform for surf businesses
  • Online channels continue to gain ground
  • Adoption of do-it-yourself (DIY) surfboards is hampering market growth
  • Major Market Issues Facing the Surfing Market
  • Seasonality & Topography
  • Cost pressure increases with entry of new entrants
  • Alternate Sports & Leisure Activities Consumer Ceiling
  • Environmental impact
  • Associated hazards

4. GLOBAL MARKET OUTLOOK

III. REGIONAL MARKET ANALYSIS

UNITED STATES

  • V-shaped recovery in sales amid COVID-19 pandemic
  • Young demographic shows increased interest in surfing
  • Number of participants in surfing activity in the United States (2006-2019) (thousands)
  • Participation in surfing in the United States: percentage distribution of occasional surfers and basic surfers for 2019
  • Surfing frequency in the United States: percentage distribution of surfer population by surfing frequency
  • Number of participants in the surf activity in spring/summer 2019 and 2020
  • Surf parks and wave pools create opportunities for surf equipment and products,

IV. COMPETETION

For more information about this report visit https://www.researchandmarkets.com/r/o7v9sh

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SOURCE Research and Markets

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