openPR Logo
Press release

Surfboard Market is on Course to Grow at a CAGR of 6.7 % During the Forecast Period 2017-2026 | Agit Global,Billabong International,BruSurf

01-27-2021 08:05 AM CET | Sports

Press release from: Fact.MR

Surfboard Market

Surfboard Market

The surfboard market is projected to witness revenue generation of nearly US$ 950 Million, a Y-o-Y growth of over 6.5% in 2018 over 2017, according to Fact.MR valuation. A steady growth of the surfing industry and increasing accessibility of beaches for recreational activities are few of the prominent factors driving the surfboard market revenues.

Fact.MR study opines that sales of shortboards to outsell other surfboard categories. Continued preference for shortboards among surfers reserves the pole position of shortboards in the surfboard market. The status quo is likely to sustain in 2018 and hold nearly one third share of the surfboard market.

Request a report sample to gain comprehensive market insights at https://www.factmr.com/connectus/sample?flag=S&rep_id=422

While shortboards are highly preferred owing to their superior performance, Fact.MR study shows that demand for longboards among traditional surfers is here-to-stay. Collectively, shortboards and longboards are expected to hold over half the market share in 2018.

Sports Variety Stores Spearhead Surfboard Sales, Direct-to-Consumer Online Channels Emerging Rapidly

The study finds that surfers prefer purchasing surfboards from sports variety stores. Along the same lines, Fact.MR analysis reveals that sales through sports variety stores will witness a rise of US$ 22 million in 2018 over 2017. The convenience of choice, greater exposure and brand visibility available in sports variety stores are few of the reasons responsible for the rising sales through this channel.

Franchised stores will hold nearly 20% share of the surfboard market in 2018, as per Fact.MR valuation, whereas sales through direct-to-consumer online channels will witness rapid growth rate at over 9% in 2018. Changing population demographics of surfers play a significant role in these purchase trends wherein millennials and Gen Z’s preferences are dramatically shifting.

Apart from recreational activities, surfboards are highly used in surfing institutions such as surfing academies, water sports clubs, surfing schools and private clubs. Because of this, institutional sales of surfboards continue to occupy a larger market share in the surfboard market. Fact.MR study estimates that institutional sales of surfboards will continue to capture over half the market share in 2018 and throughout the forecast period.

For information on the Research Approach used in the Report, Request Methodology@ https://www.factmr.com/connectus/sample?flag=RM&rep_id=422

Although individual buyer contribution continues to dwindle owing to the preference for renting or leasing a surfboard, 2 out of 5 surfboards sold in 2018 will be through individual buyers.
North America Ascendancy Prevails in Surfboard Market

The popularity of surfing sports across the Atlantic and Pacific coasts of North America, South America and Europe presents lucrative opportunities for manufacturers. The ascendency of North American market share is estimated to prevail throughout the forecast period and the region will account for nearly 40% share of the global surfboard market in 2018. The U.S. is estimated to hold a hefty 71% share of the North America surfboard market.
According to Fact.MR, Europe is estimated to register demand for surfboards next to North America owing to increasing participation in surfing activities in these regions. In Western Europe, the UK is estimated to hold the greater market share and account for over one fourth of the Europe surfboard market share in 2018.

Get Full Access of the Report @ https://www.factmr.com/checkout/422/S

Current marketplace of the surfboard is witnessing entry of electric surfboards where manufacturers have identified growing popularity of electric water sports among sports lovers. On the other hand, sustainability in the surfing industry remains at the top of the mind of every business person associated with the industry. As a part of the ECOBOARD project, industry titans such as FireWire and Channel Islands have introduced eco-friendly surfboards in the market.

The Fact.MR report tracks the surfboard market for the period 2017-2026. According to the report, the surfboard market is projected to grow at over 6% CAGR through 2026.

Unit No: AU-01-H
Gold Tower (AU)
Plot No: JLT-PH1-I3A
Jumeirah Lakes Towers, Dubai
United Arab Emirates
Contact: +353-1-6111-593
E-mail: sales@factmr.com
Website : https://www.factmr.com

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.

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 Surfboard Market is on Course to Grow at a CAGR of 6.7 % During the Forecast Period 2017-2026 | Agit Global,Billabong International,BruSurf here

News-ID: 2231346 • Views:

More Releases from Fact.MR

Insulated Drinkware Market to Hit USD 2.57 Billion by 2033 | YETI, Thermos L.L.C., Hydro Flask Lead - Fact.MR
Insulated Drinkware Market to Hit USD 2.57 Billion by 2033 | YETI, Thermos L.L.C …
The global insulated drinkware market was valued at US$ 1.39 billion in 2023 and is forecasted to expand at a 6.3% CAGR over the next ten years. Worldwide sales of insulated drinkware are projected to reach US$ 2.57 billion by 2033-end.This robust growth is driven by increasing consumer awareness of sustainability, rising participation in outdoor activities, and the growing demand for reusable, eco-friendly products amid bans on single-use plastics. The market
Digital Twin Market is Growing at a CAGR of 34.3% d by 2033 | Key Players: ABB Ltd, ANSYS, Inc, AT&T Inc, AVEVA Group plc, Bentley Systems
Digital Twin Market is Growing at a CAGR of 34.3% d by 2033 | Key Players: ABB L …
Digital Twin Market is valued at USD 5 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 34.3%, reaching USD 95 billion by 2033. This explosive growth is driven by the increasing adoption of digital twins across industries to optimize operations, reduce costs, and enhance decision-making through virtual replicas of physical assets. Digital twins integrate IoT, AI, and data analytics to simulate real-world
Hemato Oncology Testing Market is Forecasted to Reach USD 23.64 Billion by 2033 | Fact.MR Report
09-02-2025 | Health & Medicine
Fact.MR
Hemato Oncology Testing Market is Forecasted to Reach USD 23.64 Billion by 2033 …
The global hemato oncology testing market is valued at USD 4.33 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 18.5%, reaching USD 23.64 billion by 2033. This rapid growth is driven by the increasing prevalence of blood-related cancers, such as lymphoma and leukemia, and advancements in diagnostic technologies like next-generation sequencing (NGS) and polymerase chain reaction (PCR). Hemato oncology testing plays a
Osseointegration Implants Market is Anticipated to Reach USD 6.85 Billion by 2035
09-02-2025 | Health & Medicine
Fact.MR
Osseointegration Implants Market is Anticipated to Reach USD 6.85 Billion by 203 …
Osseointegration Implants Market is poised for robust growth, with its valuation projected to rise from USD 3.17 billion in 2025 to USD 6.85 billion by 2035, reflecting a compound annual growth rate (CAGR) of 8%. This expansion is driven by the increasing prevalence of orthopedic and dental disorders, such as osteoarthritis, rheumatoid arthritis, and edentulism, which necessitate advanced implant solutions. Osseointegration implants, which fuse directly with bone to provide stable

All 5 Releases


More Releases for Surfboard

Global Shortboard Surfboard Market Imapct of AI and Automation
Shortboard Surfboard Market Impact of AI and Automation The shortboard surfboard market experienced significant growth in 2022, with an estimated market size reaching approximately $450 million. The market demonstrated a robust Compound Annual Growth Rate (CAGR) of 5.2% over the past year. This growth trajectory reflects a strong consumer interest in high-performance surfboards and an increasing number of surf enthusiasts globally. The expansion is driven by rising disposable incomes, growing recreational
Surfboard Market Forecast By Industry Outlook 2023-2029
The global surfboard market is expected to grow at a CAGR of 6% during the forecast period 2023-2029. A surfboard refers to a narrow and elongated platform on which a surfer stands or lies while riding ocean waves. Earlier, it was only made using wood but nowadays, it is also produced using a variety of materials, such as polyurethane, polyester, fiberglass and styrofoam. The rising interest in surfing as a recreational
Surfboard Market Future Adoption Overview 2029
Global Surfboard Market: Overview The global surfboard market is expected to witness a substantial growth during the tenure of 2019 to 2029. The growth of the market is attributed to the growing trend of enjoying surfing in the massive waves. The trend is quite prominent in countries like Australia and the U.S. Looking at the growth of surfing in these countries the global surfboard market is expected to witness a substantial
05-27-2021 | Sports
Fact.MR
Which Material of the Surfboard to Witness High Demand in the Surfboard Market T …
With vast stretches of beaches becoming more accessible for recreational water sports such as surfing, the demand for key equipment such as surfboards continues to soar worldwide. Click here to Get Complete Synopsis of the Report – https://www.factmr.com/report/422/surfboard-market Participation in surfing is gaining traction across the coastlines of South America, North America and Europe. The recreational pursuit of people towards surfing has instrumented a surging demand for surfboards across the globe.
Surfboard Skeg Market: Competitive Dynamics & Global Outlook 2024
LP INFORMATION offers a latest published report on Surfboard Skeg Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. According to this study, over the next five years the Surfboard Skeg market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular,
Surfboard Market Projected to be Resilient During 2026
Fact.MR 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