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The stand-up paddleboard market size is forecast to increase by USD 253.4 million at a CAGR of 10.44% between 2023 and 2028. The market is witnessing significant growth due to the increasing adoption of SUPs in adventure tourism. The unique combination of surfing and paddling offers a fun and engaging experience for enthusiasts, making it a popular choice for water sports enthusiasts. Furthermore, innovations in SUPs, such as inflatable and versatile designs, cater to a wider audience and expand the market's reach. However, competition from low-cost companies poses a challenge to market growth, as they offer cheaper alternatives that may compromise on quality and safety features. Despite this, the market is expected to continue its growth trajectory, driven by the growing popularity of water sports and the expanding consumer base.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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