Press release
Surfboard Market to Witness Heightened Revenue Growth in the Next Decade
Surfboard Market
The global surfboard market is projected to increase from a valuation of US$ 3.8 billion in 2023 to US$ 6.7 billion by the end of 2033, expanding at a CAGR of 5.9%. The demand for surfboards is driven by the growing popularity of surfing as a recreational sport, the increasing number of surfing competitions, and the rising number of surf schools.
Surfing is a popular water sport enjoyed by people of all ages, and surfing equipment is a significant component of the industry. The surfboard market is a crucial segment of the surfing industry. The surfboard market is highly competitive, and the demand for surfboards has been growing steadily over the years. In this report, we will analyze the current state of the surfboard market, its trends, and future projections.
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Key Segments Covered in Surfboard Industry Research
By Product Type:
• Shortboards
• Longboards
• Fish Boards
• Gun Boards
• Others
By Material:
• Polyurethane
• Foam
• Wood
• Others
By Application:
• Amateurs
• Professionals
By Sales Channel:
• Wholesalers/Distributors
• Hypermarkets/Supermarkets
• Specialty Stores
• Independent Small Stores
• Online Retailers
• Others
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Regional Analysis:
The surfboard market can be segmented based on geography into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America held the largest market share, followed by Europe and Asia Pacific. The increasing popularity of surfing as a recreational activity and the presence of several surf schools in North America are the primary factors driving the growth of the surfboard market in the region.
Competitive Landscape:
The surfboard market is highly competitive, with the presence of several global and regional players. The key players operating in the market include
• Global Surf Industries
• Gerflor SAS
• Tarkett SA
• Forbo
• Beachbeat Surfboards
• Kiefer USA
• Bauwerk Boen Group
• EPI Group
• Channel Island Surfboards Inc.
• Horner Surfboard
• Signature Sports
• Robbins Sports Surfaces
• Aacer Flooring
• Brusurf LLC
• Others (As per Request)
These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to expand their market share and increase their revenue.
Future Projections:
The surfboard market is expected to witness significant growth in the coming years, driven by the increasing popularity of surfing as a recreational activity and the rising number of surfing competitions. The growing trend of eco-friendly and sustainable surfboards is also expected to drive market growth. Moreover, the COVID-19 pandemic has led to a surge in demand for outdoor activities, including surfing, which is likely to boost the surfboard market's growth.
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Conclusion:
The surfboard market is a crucial segment of the surfing industry, and its growth is driven by the increasing popularity of surfing as a recreational sport. The market is highly competitive, and key players are focusing on product innovation and strategic partnerships to increase their market share. With the growing trend of eco-friendly and sustainable surfboards, the market is expected to witness significant growth in the coming years.
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About us:
The Consumer Goods team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs by offering expert analysis, actionable insights, and strategic recommendations. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the consumer goods industry lucidly in 50+ countries for over a decade. We provide end-to-end research and consulting services; reach out to explore how we can help.
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