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The surfboard market size is forecast to increase by USD 4806 million at a CAGR of 9.2% between 2024 and 2028. The surfboard market in the global arena is witnessing substantial expansion due to various influential factors. The surge in the number of individuals enrolling in educational surfing programs is fueling the demand for surfboards, as more people are embracing this popular water sport. Moreover, the ongoing innovation in surfboard designs, such as the incorporation of advanced materials and shapes, is broadening the customer base. Furthermore, the growing preference for DIY (Do-It-Yourself) surfboard manufacturing among enthusiasts presents a lucrative opportunity for market growth. These elements, coupled with the escalating interest in water activities and the rise in disposable income, are anticipated to propel the expansion of the surfboard market in the forthcoming years.
Surfing is a beloved wave-riding sport in the United States, attracting both avid enthusiasts and professional athletes. The surfboard industry caters to this diverse demographic with an array of board options, such as longboards, shortboards, fish boards, gun boards, and foam boards. Traditional surfboards are constructed from materials like fiberglass cloth and balsa wood, while modern designs integrate innovative technologies, including artificial intelligence for surf forecasting.
Emerging trends in the surfboard market include electric surfboards, which utilize electric water sports technology for propulsion, and adaptive surfing, which accommodates individuals with disabilities, expanding the sport's accessibility. Moreover, eco-conscious consumers are fueling demand for sustainable materials and manufacturing processes.Performance factors, such as wave speed, wave drag, and water flow, significantly impact surfboard functionality. Additionally, other wave-riding sports, such as bodysurfing, stand-up paddleboard racing, and wake surfing, contribute to the market's expansion. Surfing lessons remain a vital revenue source, catering to both novice and advanced surfers. The surfboard market in the United States is experiencing growth, primarily driven by the recreational sector and tourism industry. Keywords: surfboard market, surfing, surfboards, trends, performance factors, eco-conscious, electric surfboards, adaptive surfing, revenue streams, recreational sector, tourism industry.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The Surfboard Market is projected to experience substantial expansion throughout the forecast period. Surfing is a widely enjoyed leisure and competitive activity that draws in millions of fans globally. This market caters to both surfers and the surf tourism industry. In the past, surfboards were constructed from traditional materials such as balsa or redwood. However, technological advancements have led to significant improvements in surfboard manufacturing. Present-day surfboards are crafted from advanced materials including polyurethane, polyester, and fiberglass. These materials enhance buoyancy, durability, and maneuverability, providing surfers with an optimal experience.
Artificial intelligence and surf forecasting technologies have revolutionized the surfing experience, enabling surfers to predict ocean waves and optimize their surfing sessions. Innovative designs, including electric surfboards and adaptive surfboards for disabled people, cater to diverse user needs. Eco-conscious consumers are driving the demand for sustainable surfboards made of eco-friendly materials like bamboo, recycled foam, and bio-resins. The consumer industry is witnessing a surge in demand for various board designs, including longboards, shortboards, fish boards, gun boards, and foam boards. Advanced technologies like water propulsion and carbon footprint reduction are also gaining traction in the surfboard market. The professional surfer community continues to influence board designs, pushing the boundaries of innovation in the recreational and competitive sectors.
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The Shortboards segment accounted for USD 3156.10 million in 2018 - 2022 and showed a gradual increase during the forecast period.
Surfing is a popular recreational and competitive sport that attracts millions of enthusiasts worldwide. The surfboard market caters to the needs of both surfers and the surf tourism industry. Traditional surfboards were made of wood, such as balsa or redwood, but have evolved over the decades. Modern surfboards are made of advanced materials like polyurethane, polyester, and fiberglass. Fiberglass cloth is widely used for its strength and durability. Artificial intelligence and surf forecasting have revolutionized the sport, allowing surfers to predict ocean waves and optimize their surfing experience. Electric surfboards and adaptive surfing have made the sport more accessible to people with disabilities. Sustainable surfboards made of eco-friendly materials like bamboo, recycled plastic, and bio-resins are gaining popularity among eco-conscious consumers. The consumer industry is witnessing innovative designs in board shapes and sizes, including longboards, shortboards, fish boards, gun boards, and foam boards. Advanced technologies like water propulsion and carbon footprint reduction are also being incorporated into board designs. Professional surfers and the recreational sector continue to drive the demand for new and improved surfboard designs. The tourism sector also benefits from the surfboard market, as it attracts tourists to surfing destinations around the world.
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North America is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Certainly, there is an increasing trend towards educational surfing courses, which provide individuals with the opportunity to learn and enhance their skills in a supportive environment. The International Surfing Association (ISA) plays a pivotal role in governing and promoting various wave-riding sports, including bodysurfing, surfing, stand-up paddleboarding (SUP) racing, and wake surfing. ISA's educational initiatives have been instrumental in fostering the growth of these sports by offering certified training programs for instructors worldwide. These courses focus on developing essential skills and knowledge for surfers, employing scientific coaching methods. The ISA aims to ensure industry-standard quality, safety, and efficacy for surfing and SUP boarding coaches and instructors, thereby enhancing the overall experience for participants. In 2021, approximately 3,000 instructors were certified through 150 ISA courses held across 75 countries. Electric water sports, such as electric boards, are gaining popularity, and surfing lessons continue to be in demand at specialty stores and department stores. Environmentally friendly materials and sustainable boards are becoming increasingly important in the industry's development. With cutting-edge technology and a commitment to safety, the wave-riding sports market continues to expand, catering to individuals with disabilities and a diverse range of customers.
The designs of surfboards undergo constant refinement and improvement. Surfboard manufacturing continues to evolve, with innovations such as electric water sports and electric boards gaining popularity. Surfing lessons and specialized schools are increasingly common at coastal locations, catering to both beginners and experienced wave-riding sports enthusiasts. Industry-standard quality and safety are paramount in this market, with a focus on environmentally friendly materials and sustainable boards. Cutting-edge technology is also a key driver, with designs such as Daniel Thomson's Vanguard surfboard showcasing the benefits of noseless crafts, straight rails, and angular tails. This design reduces water drag and increases wave speed through streamlined parallel rails, making it an attractive option for SUP racing, wake surfing, and bodysurfing. Specialty stores and department stores serve as major sales channels for surfboards, ensuring accessibility for a wide range of customers. Industrial development in this sector continues to shape the market landscape.
The trend of creating custom surfboards at home, also known as do-it-yourself (DIY) surfboard building, has been gaining popularity among enthusiasts. The surfboard market encompasses various wave-riding sports, including surfing, bodysurfing, stand-up paddleboarding (SUP) racing, wake surfing, and electric water sports using electric boards. Surfing lessons are offered at surfing schools located in coastal areas, providing industry-standard quality equipment and safety instructions. The ECOBOARD Project, initiated by Sustainable Surf, advocates for the design and manufacture of DIY and eco-friendly surfboards. Founders Carolina Scorsin and Jairo Lumertz, passionate about surfing and the environment, create sustainable boards using recycled plastic bottles. Their mission extends to schools in Brazil, promoting sustainable practices in surfboard design, reducing waste, and fostering environmental awareness among children. This cutting-edge technology contributes to the industrial development of the surfboard market while prioritizing safety, accessibility for disabilities, and environmentally friendly materials. Specialty stores and department stores serve as sales channels for both traditional and sustainable surfboards.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Agit Global Inc. - The company specializes in providing high-performance surfboards, catering to the needs of enthusiasts and professionals in the surfing community. Our product offerings are focused solely on sports equipment, ensuring a deep understanding and expertise in this specific domain. We take pride in delivering top-tier surfboards, designed to enhance the experience of riding waves for our valued customers.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Surfing is a popular recreational and competitive sport that attracts millions of enthusiasts worldwide. The surfboard market caters to the needs of surfers by providing various types of boards made from different materials such as wood, polyurethane, polyester, fiberglass, styrofoam, and balsa wood. Traditional surfboards were made of wood, but modern surfboards are made of advanced materials like fiberglass cloth and epoxy resin. The advent of technology has led to the development of innovative designs such as electric surfboards, which use water propulsion instead of waves, and adaptive surfboards for disabled people. Artificial intelligence and surf forecasting have also revolutionized the industry, enabling surfers to predict wave conditions and plan their trips accordingly. The consumer industry includes both the recreational and competitive sectors, with various types of surfboards catering to different skill levels and preferences. Longboards, shortboards, fish boards, gun boards, and foam boards are popular choices among surfers. Eco-conscious consumers are increasingly demanding sustainable surfboards made from eco-friendly materials to reduce the carbon footprint of the sport. Advanced technologies like carbon fiber and nanotechnology are being used to improve board design and performance. The tourism sector also plays a significant role in the surfboard market, with many destinations offering surfing lessons and rentals to tourists. The future of the surfboard market looks promising, with continued innovation and a growing interest in the sport.
Market Scope |
|
Report Coverage |
Details |
Page number |
181 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.2% |
Market growth 2024-2028 |
USD 4806 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.78 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 32% |
Key countries |
US, Germany, France, The Netherlands, and Australia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Agit Global Inc., Beachbeat Surfboards, Catch Surfboard Co LLC, Channel Island Surfboards, Classic Malibu Pty Ltd., Derek Girven Surfboards, Firewire Surfboards LLC, Graham Smith Surfboards, Haydenshapes Pty Ltd., Hurricane Surf SARL, Hutchison Handcrafted Surfboards, Mami Wata, Matt Adams Surfboards, Ride Awake AB, Roland Surfboards, Rusty Surfboards Inc., Safari Surfboards, Shred and Speed Mfg., Tahe Kayaks OU, and WaveShark Ltd. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Market Segmentation by Distribution Channel
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
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