Global Surfing Equipment Market is Expected To Reach USD 4.5 Billion by 2022: Ken Research

Global Surfing Equipments market by Surf Board and Surf Gear & Accessories, by Region (Americas, Europe, APAC & MEA), by New & Existing Demand and by Distribution Channel (Company Stores and Specialty Stores, Online, Hypermarkets and Others), competitive landscape, company profiles for major players (O'Neill, Quiksilver, Billabong International, Body Glove International, Gul Watersports, Hurley International and Channel Islands Surfboards).

• Various new technologies have entered the market space such as Aeroflex Surfboard, Flex Carbon Surfboard and Green Wetsuits. These innovations would be major drivers of the market in future.
• US has been the market leader in terms of manufacturing and consumption demand of surfing equipments worldwide. Major players operating in the region include Quiksilver, O’Neill, Body Glove International, Hurley International, Channel Island Surfboards. These players would dominate the competition landscape with new product launches and brand marketing activities.

Rise of surfing as a lifestyle sport equally among all the age groups & gender is regarded as the major reason for the expected growth in the coming five years. An increased accessibility to the sport is expected owing to an increase in the number of surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear which will facilitate the market size. In the regions like APAC and MEA, with an increased popularity of surfing as a cool hobby in television shows and movies, the rate of tourism to the major surfing destinations are expected to rise. With the emergence of surf parks and surf pools, both indoor and outdoor, with artificial wave technology even in landlocked regions of the world is also expected to enable more people gain access to and experience the thrill of surfing.

The market has been anticipated to be evolved owing to the sustained efforts of surfing equipment manufacturers, marketers and associations to make surfing much more accessible and usable. Like in the recent years, it is expected that women participants in the sport would be on a rise. This shall lead to the launch of more fashionable surf-gear and surf-wear. The market is expected to get benefitted from the current transformation of surfing sport into a fashion trend that shall result in an increased popularity of surf-wear and surf inspired clothing. Furthermore, surfing is included in the 2020 Olympic Games to be held in Japan. This has resulted in the launch of aggressive promotional campaigns by sporting associations as well as equipment manufacturers across the world to widen audience base for the event.

The major manufacturers in the market are focusing on the development of innovative materials and technical fabrics to design trendy and high-performing surf-wear. Surfboard manufacturing is also laden with innovations as manufacturers such as Quiksilver, Firewire Surfboards, Channel Islands Surfboards and others are working to edge out competition by designing high-performance carbon fibre based boards at reasonable prices. The region Americas is expected to dominate the market with a share of 45% in terms of consumer expenditure, with US contributing most of the region’s revenue.

This would be supported by the long established surfing culture in the region and the resulting large base of surfer population. The market share of Americas and Europe is expected to decline by 4% and 2% respectively, due to an increased share of APAC and MEA during the forecast period. Australia is expected to showcase the fastest growth rate at a CAGR of 5.5% over the forecast period driven by rising tourism, increased spending on family vacations, several attractive national surfing reserves in the country and the popularity of beach and surf tourism and recreation.

Analysts at Ken Research in their latest publication “Global Surfing Equipment Market Outlook to 2022 - by Equipments (Surf Board and Surf Gear & Accessories), by Region (Americas, Europe, APAC & MEA), by New & Existing Demand and by Distribution Channel” believe that promotion of the equipments through surf training institutions and sustained product marketing efforts of surfing equipment manufacturers will aid the global surfing equipment market in future.

For more information on the research report, refer to below link:
https://www.kenresearch.com/consumer-products-and-retail/sporting-equipments/global-surfing-equipment-market/149478-95.html

Related Reports:
https://www.kenresearch.com/consumer-products-and-retail/sporting-equipments/us-sports-equipment-industry-research-report/391-95.html
The US sports equipment market has grown at a CAGR of 2.1% in the last 5 years from USD 27,294.0 million in 2006

https://www.kenresearch.ae/consumer-products-and-retail/sporting-equipments/global-rafting-equipment-market/149103-95.html
The report is useful for water sports equipment manufacturers, rafting equipment manufacturers, distributors, specialty sporting goods stores, department stores, e-commerce portals, customers and other stakeholders to plan their market centric strategy.

https://www.kenresearch.com/consumer-products-and-retail/sporting-equipments/sports-equipment-global-group-of-eight-g8-industry-guide/144652-95.html
The G8 Sports Equipment industry profile provides top-line qualitative and quantitative summary information including: market size (value 2013-17)

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