Press release
Wingboards Market Share To Witness Steady Rise In Coming Decade : Fact.MR
The global wingboards market is estimated to increase from a valuation of US$ 265 million in 2022 to US$ 526 million by the end of 2032, expanding at a CAGR of 7.1% between 2022 and 2032.There has been increasing demand for customized solutions in this space, such as customized length, GPS for wingboard surfing, photo customization, etc. A gradual increase in realization of the benefits associated with customized wingboards will attract more people to this sport, thereby supplementing global demand.
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Key Segments Covered in Wingboards Industry Research
Wingboards Market by Board Size :
150 cm Wingboards
Wingboards Market by Kite Size :
18 Meter Wingboards
Wingboards Market by User Category :
Professional Users
Beginners
Intermediates
Advanced
Recreational Users
Wingboards Market by Sales Channel :
Online Sales of Wingboards
Company-owned Websites
e-Commerce Websites
Offline Sales of Wingboards
Franchised & Retail Chains
Sports Variety Stores
Modern Trade Channels
Wingboards Market by Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa
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Competition Landscape
Some of the main manufacturers of wingboards include Swift Foiling, Gong Galaxy, F-one, Freedom Foil Boards, North Kiteboarding, Sling Shot, Cabrinha, Fanatic, MB Boards, SAB group Srl, PPC Foiling, Armstrong Foils Ltd, and Naish.
Brands of wingboards are forming strategic alliances with merchants and service providers who also use a rental service business model. The rental service business model draws visitors and leisure users looking for surfing activities, which generates a lucrative potential chance for those who participate in this industry.
The market for wingboards has been thoroughly examined by Fact.MR, which has also offered in-depth overviews of the market by board type, SWOT analyses, and sales derived from target sports across geographies.
Why is Wingboarding So Popular in the United States?
The American surfing business is constantly growing and has established a notable reputation throughout North America. Currently, the United States uses 118 thousand wingboards and spends US$91 million on them.
In order to give users a competitive edge when competing in tournaments, North American producers and wingboard shapers collaborate closely with sports fans from the area and place a greater emphasis on the development of novel materials as well as board performance.
The focus of American producers is shifting more toward services; light wingboards are more preferred over heavy boards since they have the advantage of high-speed propulsion and let the user surf even when there aren't any waves.
The North American market is anticipated to expand at a CAGR of 7.7% during the same time frame to reach US$ 220 million.
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