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Surfboard Market Forecast Covering Growth Inclinations & Development Strategies until 2026| Growth Drivers Channel Islands Surfboards, Firewire Surfboards, Billabong International, Hydenshapes

04-19-2019 03:04 PM CET | Sports

Press release from: Fact.MR

Surfboard Market Forecast Covering Growth Inclinations &

Surfers continue to seek surfing sports to satiate the craving for adventure, fun and excitement. The electrically propelled design of surfboards allows surfers to enjoy surfing in the absence of waves. The rise of electric water sports, in particular, electric surfboard, is expected to redefine the surfing industry landscape. The superior characteristics provided by electric surfboards in terms of superior torque and higher water propulsion provides the surfers with better surfing experience over traditional surfboards, thereby driving the popularity of electric surfboards.

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Development of Eco-Friendly Boards – A Trending Vendor Strategy

Sustainability in the surfboard industry is a topic at the top of the mind of all businesses involved in surfing. In a bid to establish sustainability standards in the market and meet the criteria of the ECOBOARD project, manufacturers in the surfboard market are introducing sustainable surfboards. For instance, FireWire, a leading surfboard provider in Australia has taken a significant move towards introducing eco-friendly surfboards. In addition, the manufacturer has replaced the toxic polyurethane foam with an eco-friendly alternative such as expanded polystyrene (EPS). Another leader in the surfing industry, Channel Islands has also introduced CI’s MINI – affordable yet sustainable boards.

A Steadily Rising Surfing Industry to Fuel Surfboard Sales, Sustainability Challenges Prevails

Surfing industry has witnessed a meteoric rise in the past two decades against the backdrop of growing demand for recreational sports, millennials’ preference for adventure sports and significant investments from stakeholders to introduce fun-filled and effective water sports equipment. A report by the World Tourism Organization adventure tourism which includes surfing is a rapidly growing subset of the lucrative tourism industry.

While the surfing industry is expanding at a rapid pace, sustainability issues continue to challenge the pace of surfing industry development, thereby deterring the growth of the surfboard market.

Longboards and Shortboards Remain Highly Preferred Among Surfers

Surfers continue to prefer longboards for their superiority features such as stability and noseriding. Although heavier than shortboards, riding on longboards remains a vogue among surfers worldwide. However, demand for shortboards is estimated to rise in the future on the back of advantages of greater maneuverability over longboards in competitive events. Aware of these surfer preferences, manufacturers in the surfboards market continue to introduce innovative designs of longboards and shortboards.

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Millennial and Gen Z Preferences Changing the Surfboard Industry Landscape

In the past decade, surfboards industry has witnessed multiple introductions in the design of surfboards in terms of material, shape, utility and operations. These introductions are majorly driven by evolving surfer preferences wherein electronic surfboards is one of the prominent examples of such introductions. However, as the millennial and Gen Z population reaches maturity, their propensity for spending time on online surfing has negatively impacted the liking for adventure or outdoor sports activities. Youth sentiments as these are likely to impact their participation in surfing, thereby influencing the sales of surfboards in the future.

Competitive Landscape

In the competitive landscape section of the surfboard market report, readers can find a dashboard view of the market players operating in the global landscape of the surfboard market. The section also delivers information on the company profiles that covers product offerings, market size, global presence and notable developments of the key surfboard market players.

Few of the profiled players in the surfboard market include 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.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights 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.

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