Pragati Bodkhe
The Surfing Board Market has been gaining traction over the past decade owing to the rising popularity of water sports among millennials. Surfing boards, often referred to as surfboards, are boards that allow surfers to ride the force of ocean waves. They come in various types including shortboards, longboards, funboards and more. A surfboard offers an interactive water sport experience where the rider can enjoy catching waves and performing various maneuvers. Beyond being enjoyable, surfing also provides cardiovascular and muscle workout.
The Surfing Board Market Is Estimated To Be Valued At Usd 3.17 Billion In 2024 And Is Expected To Reach Usd 4.79 Billion By 2031, Exhibiting A Compound Annual Growth Rate (Cagr) Of 6.1% From 2024 To 2031.
Key Takeaways
Key players operating in the Surfing Board Marketinclude Kallialay Original Series, Boardworks Surf & Skate, Channel Islands Surfboards, Firewire Surfboards, Greco Surf, Makanakai Surfboards andmore. These players are focusing on launching new product variants and expanding their regional presence.
The growing popularity of water sports among the younger generation is driving the Surfing Board MarketDemand. In addition, rising inclination towards outdoor recreational activities is positively influencing the market growth.
Technological advancements in surfboard designs such as lightweight, high performance boards and eco-friendly surfaces are gaining traction. Several manufacturers are offering boards with smooth surface, sturdy rails and optimized buoyancy for improved riding experience.
Market Trends
Lightweight durable boards: Major players are developing lightweight boards made with sustainable wood cores and epoxy resin shells for durability. These boards offer improved maneuverability.
Eco-friendly boards: With rising environmental concerns, manufacturers are offering bio-based epoxy resin boards and reusable/recyclable components. Eco-conscious consumers are favoring such sustainable boards.
Market Opportunities
Development of boards for multi-water sports: Manufacturers can focus on developing versatile surfboards that can be used for activities like paddle boarding and small wave surfing to tap the multi-sport recreational segment.
Expansion in emerging markets: Regions like Asia Pacific and Middle East offer lucrative growth opportunities for surfboard suppliers with their increasing tourism and sports industries. Penetrating such emerging surf markets would allow companies to broaden their consumer base.
Surfing Board MarketPost Covid Impact
The COVID-19 pandemic impacted the Surfing Board Marketsignificantly. During the initial lockdown phases in 2020, surf shops were forced to shut down as non-essential businesses. Mass cancellation of surfing competitions and events further dampened the demand. Surfing being an outdoor activity also faced restrictions in public areas.
However, as lockdowns eased, many saw surfing as a socially-distanced individual sport providing mental and physical benefits. This led to a surge in recreational surfing and do-it-yourself board repairs. Many opted for surfing as an alternative to crowded gyms. Surf retail moved online with growth in e-commerce sales. Board makers faced supply chain issues due to factory shutdowns initially but streamlined operations later.
Looking ahead, manufacturers are developing compact, durable boards catering to beginners. Retailers are focusing on personalized customer experiences through virtual demos. The renewed interest in low-cost individual recreational activities is expected to boost long-term prospects of the Surfing Board Marketdespite short-term disruptions. Frequent board replacement is also anticipated to contribute to revenues.
In terms of geography, North America dominates the market driven by the large customer base in countries like the United States. California alone accounts for majority of sales. The Asia Pacific region is poised for fastest growth led by emerging enthusiast bases in Indonesia, Australia and growing youth population in countries like India and Vietnam taking up the sport. Europe is another major regional market concentrated around coastal nations such as the United Kingdom, France and Portugal.
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About Author:
Ravina Pandya Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc.
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