openPR Logo
Press release

Global Surfboard Market Inclinations & Development Status Highlighted for the Forecast Period between 2017 to 2026 | Key Players - Firewire Surfboards, GSI, Agit Global, BIC Sports, Billabong International, BruSurf, Greco Surf, Hydenshapes, Infinity Surfb

12-18-2018 11:30 AM CET | Sports

Press release from: Fact.MR

Global Surfboard Market Inclinations & Development Status

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.

Get Free Exclusive Sample Copy of This Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=422

Fact.MR 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.

Sales of Longboards and Shortboards to account for 56% Share of Global Market Value

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.

Institutional Buying to Reflect High Profitability

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.

For more information on this report, please visit: https://www.factmr.com/report/422/surfboard-market

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.

Make an inquiry for buying this report @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=422

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us            
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/
Read Industry News at - https://www.industrynewsanalysis.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Surfboard Market Inclinations & Development Status Highlighted for the Forecast Period between 2017 to 2026 | Key Players - Firewire Surfboards, GSI, Agit Global, BIC Sports, Billabong International, BruSurf, Greco Surf, Hydenshapes, Infinity Surfb here

News-ID: 1447090 • Views:

More Releases from Fact.MR

Loader Crane Market Growth to Reach US$ 7,654.4 Million at a CAGR of 4.8% by 2034 | Fact.MR
Loader Crane Market Growth to Reach US$ 7,654.4 Million at a CAGR of 4.8% by 203 …
The global loader crane market size is anticipated to be valued at US$ 4,789.6 million in 2024. Projections indicate a steady expansion with a CAGR of 4.8% through 2034. The estimated growth is set to raise the loader crane market to US$ 7,654.4 million by 2034. The loader crane market is witnessing substantial growth as industries increasingly recognize the efficiency and versatility of these lifting solutions. Loader cranes, mounted on trucks
Small Engine Market to Surpass US$ 5,951.7 Million, Expanding at 4.3% CAGR by 2034: Fact.MR Analysis
Small Engine Market to Surpass US$ 5,951.7 Million, Expanding at 4.3% CAGR by 20 …
The global small engine market is estimated to be valued at US$ 3,906.6 million in 2024. Projections indicate a steady expansion with a CAGR of 4.3% through 2034. Anticipated growth is set to propel the market to an impressive size of US$ 5,951.7 million by 2034. The growing need for sustainable solutions is boosting market demand. The small engine market comprises engines typically under 25 horsepower used in various applications like
Torque Sensor Market Size Expected to Hit US$ 15,156.3 Million by 2034, Exhibiting 5.8% CAGR: Fact.MR Analysis
Torque Sensor Market Size Expected to Hit US$ 15,156.3 Million by 2034, Exhibiti …
The global torque sensor market size is estimated to be valued at US$ 8,601.2 million in 2024 and is anticipated to reach US$ 15,156.3 million by 2034. The demand for torque sensors is likely to rise at a CAGR of 5.8% through 2034. The consistent CAGR underscores a sustained demand for torque sensors across diverse industries, from automotive to industrial automation and renewable energy. For More Insights into the Market, Request
Waste Management Equipment Market Size Worth US$ 29,842.2 Million with 4.5% CAGR by 2034: Fact.MR Report
Waste Management Equipment Market Size Worth US$ 29,842.2 Million with 4.5% CAGR …
Fact.MR, in its newly published study, says that the global waste management equipment market size is estimated to be US$ 19,216.2 million in 2024. Global demand for waste management equipment is projected to grow at 4.5% CAGR, reaching a market value of US$ 29,842.2 million by the end of 2034. The waste management equipment market is expected to experience growth opportunities in the coming years, owing to increasing emphasis on recycling,

All 5 Releases


More Releases for Surf

Explore Waves: Pacific Surf School's Diverse Surf Lessons
Image: https://www.getnews.info/uploads/4cab0dd951790233cfc601f30140d0ee.jpg On the stunning beaches of San Diego, the Pacific Surf School stands out as a must-visit destination for those looking to surf and have fun on the waves of the Pacific Ocean. With a variety of lessons tailored to all ages and skill levels, the school is a welcoming and inclusive venue for surf lovers. Its passionate instructors not only share essential surfing techniques but also promote a deep respect
Pacific Surf School's Surf Camp: Wave Riding Adventures for Kids 5-17
Image: https://www.getnews.info/uploads/58d972d3c531fdf5b240ce93ab76c2f8.jpg Pacific Surf School's Surf Camp offers an exciting and educational experience for children and teenagers aged 5 to 17 who are passionate about the world of waves. With a team of highly qualified and experienced instructors, the camp provides a unique opportunity for participants to immerse themselves in the surfing universe. At the surf camp, young surfers learn everything from basic fundamentals to advanced surfing techniques while exploring the beaches
Global Surf Leash Market, Global Surf Leash Industry, Covid-19 Impact Global Sur …
The surf leash is an effective equipment which has been saving individuals from arduous swims back to shore ever since. While the leashes are meant to keep the track on your board throughout the nastiest of wipeouts, they can and will break and should not be reckoned on as a lifesaving device. This means that you should never paddle out further than you can swim. According to the report analysis, ‘Global
“Phuket Surf Fest 2019” kicked off
Phuket, 12 June 2019 – The Tourism Authority of Thailand (TAT) Phuket Office recently organised the “Phuket Surf Fest 2019” to kick off the Phuket Surf Series 2019, scheduled from June to September, and promote tourism during the current Green Season. The Phuket Surf Fest 2019 event was held under collaboration with Patong Municipality, Surfing Thailand, Phuket Surfing Club, Quiksilver Thailand and the public and private sector partners, from 31 May
“Phuket Surf Fest 2019” kicked off
Phuket, 12 June 2019 – The Tourism Authority of Thailand (TAT) Phuket Office recently organised the “Phuket Surf Fest 2019” to kick off the Phuket Surf Series 2019, scheduled from June to September, and promote tourism during the current Green Season. The Phuket Surf Fest 2019 event was held under collaboration with Patong Municipality, Surfing Thailand, Phuket Surfing Club, Quiksilver Thailand and the public and private sector partners, from 31 May
Global Surf Watches Market Insights, Forecast
Surf watches are specially designed watches that function under water, and thus are an essential gadget for surfers and wave riders as they provide surf reports and surf forecasting. They provide information about wave height, wave period, water temperature, and wind speed & direction. A surf watch is a technical watch and is generally used by fishermen, surfers, sea navigators, and individuals interested in water sports Get sample copy of the