Surfboard Market Forecast Report Showing All Growth Opportunities and Trends Analysis through the Time Period from 2017 to 2026 with Market Classification by Product Type, End User Type, Application and Technologies

FactMR presents an all-inclusive forecast study on the global market for surfboards. The report encompasses all major trends playing a fundamental role in growth of the global surfboard market, and highlights opportunities restraints and drivers that are likely to leave a significant effect on the market through the forecast period, 2017-2026. This report imparts an insightful perspective on the future of the global market for surfboard across a range of parameters.

An executive summary at the beginning of the report provides a snapshot of the global Surfboard Market forecast, including the region-wise outlook coupled with relevant market numbers. The executive summary also offers a forecast on other surfboard market segments such as products, sales channel, and buyer-type, in terms of market share, revenues, and CAGRs. A chapter on overview, which trails the executive summary, provides a concise market introduction which includes a market taxonomy table and a formal definition of “surfboard”. The overview chapter elucidates key nodes of the global surfboard market such as supply chain, cost structure, service provider lists, raw material sourcing strategies, and pricing analysis. This chapter also issues a succinct study on the overall market approach of key players partaking in the global surfboard market, displaying their presence on an intensity map.

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The sport of surfing is widely popular across the Atlantic and Pacific coasts of North America, South America, and Europe. Long coastlines and stretching beaches has driven the recreational pursuit of people towards surfing. Their spending of wetsuits, surfboards and accessories has increased proportionally. An average surfer is expected to spend over US$ 500 on buying surfboards in a year. New surfboard designs are being introduced by manufacturers to enhance the architectural dynamics of this key water sports equipment for treading swiftly across the waves. Worldwide, prices of surfboards continue to vary on the basis of brands, sizes, levels of customization, production processes, and materials.

FactMR foresees a high value growth for the global surfboard market in the near future. During the period, 2017-2026, the global market for surfboards is likely to reflect robust expansion at a CAGR of 6.7% in terms of value. Surfers from developed economies will increase their spending of surfboards to improve their surfing skills by adopting surfboards with advanced hydrodynamics. Through 2026, it has been estimated that majority of surfboards will be sold in the US and Canada, fostering North America’s dominance in the global surfboard market.

In the future, participants of the surfing world will be preferring to shortboards over other types of surfboards. The advantage of using shortboards for greater maneuverability and in competitive events will drive their sales in the coming years. By 2026-end, over 35% of surfboards sold globally will be shortboards. It has been further estimated that the share of longboards in the global surfboard market value will size up to 21% by the end of the forecast period. Longboards may come at high costs and will be heavier than shortboards and other types of surfboards, but their stability characteristics and noseriding capabilities will keep them in vogue among surfers worldwide.

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Surfboard manufacturers will be able to translate high profits when the institutional buying increases in the coming years. Surfing academies and private sports institutions tend to buy surfboards in bulk amounts. The high volume sales associated with institutional buying of surfboards will be driving the market’s growth to a considerable extent. Throughout the forecast period, almost every other surfboard manufactured in the world will be bought by such institutions.

Competition Tracking: Production of Electric Surfboards to Soar

Majority of surfboard manufacturers in the world are tapping the key market opportunity of equipping their products with electric components an electronic features. Battery-powered surfboards are being developed in European countries such as Germany, and their popularity is gaining traction over the past year. Companies are using carbon fiber materials to develop surfboard with ideal weights and hydrodynamics. Channel Islands Surfboards, Firewire Surfboards, GSI, Agit Global, BIC Sports, Billabong International, BruSurf, Greco Surf, Hydenshapes, Infinity Surfboards, Keeper Sports Products, Mt Woodgee Surfboards, NSP, Yuan Sports, and Quiksilver are expected to actively instrument the global surfboard production in the coming years.

Table of Contents

Global Business Outlook
Global Surfboard Market - Executive Summary
2.1. Opportunity Assessment

Global Surfboard Market Overview
3.1. Introduction

       3.1.1. Global Surfboard Market Taxonomy

       3.1.2. Global Surfboard Market Definition

3.2. Global Surfboard Market Size (US$ Mn) and Forecast, 2012-2026

       3.2.1. Global Surfboard Market Y-o-Y Growth

3.3. Global Surfboard Market Dynamics

3.4. Supply Chain

3.5. Cost Structure

3.6. Pricing Analysis

3.7. Water Based Sports & Recreation: Facts & Figures

3.8. Top Surfing Destinations

3.9. Surfing Facilities – Global Mapping

3.10. Surfing Industry Overview

3.11. Consumer Sentiment Analysis

Continued……………………………

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This release was published on openPR.