Surfing Board Market Status Update and Future Scenario Insights 2024 - 2031 | Kallialay Original Series, Blu Surfboards

Market Overview:

The surfing board market is estimated to be valued at USD 3.17 Billion in 2024 and is expected to reach USD 4.79 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.

Market Dynamics:

The surfing board market is expected to witness significant growth over the forecast period owing to rising popularity of water sports and adventure activities among millennials and generation Z. Surfing is no longer considered an extreme sport and its popularity as a mainstream recreational activity has increased tremendously. Moreover, increasing health awareness has encouraged people to adopt watersports such as surfing for exercise and recreation. Also, easy availability of surfing gear and destinations as well as growing surf tourism are some other factors fueling the demand for surfing boards.

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Surfing Market Drivers 2023-2031

Increasing Popularity and Participation in Surfing Sports

With growing popularity of surfing as a recreational sports activity as well as a competitive sport, the demand for professional quality surfing boards is consistently increasing. The number of people opting to learn surfing as a hobby or participate in amateur and professional surfing competitions has seen substantial rise in past decade. This has created strong demand drivers for high performance surfing boards tailored for various experience levels and kinds of waves. Along with individuals, surf schools and surf camps catering to learners have also expanded their fleet of surf boards significantly.

Surfing Market Opportunity

Scope for Expanding Surf Tourism

Given the natural allure of surfing destinations concentrated near coastlines globally, there is large untapped opportunity to propagate surf tourism and recreational surfing culture. Concerted efforts are being made to develop surf resorts, organise surfing retreats and camps as well as hold international surfing competitions and championships in relatively undiscovered surfing hotspots. This promises to lure both amateur surf enthusiasts as well as professionals to new regions stimulating additional board sales. Destinations can also leverage surfing's magnetic popularity among millennials and generation Z to project their locales as lively adventure hubs paving way for longer term surf market prospects.

Surfing Market Trends

Rising Interest in Evolving Surf Styles

Besides traditional short boarding and long boarding, emerging surf disciplines like paddle boarding, kitesurfing and electric surf foiling are gaining significant buzz worldwide. Paddle boards are fast replacing regular short boards for their stability and lower skill prerequisite in mellow waters. Kitesurfers have a new adrenaline outlet, while electric hydrofoil surfboards represent the future of the sport with their fuel assisted lifts. This is opening up specialised market segments for boards supporting unconventional surf methods. Progressive board designers and manufacturers able to quickly adapt shapes and constructions for noveltie surf formats stand to benefit immensely from addressing niche demands and trends in future.

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Top Companies Included in This Report:

• Kallialay Original Series
• Blu Surfboards
• Nico Erni
• Coral Surfboards
• Alai Surfboards
• Kove Kraft
• ThunderMonkey
• NSP
• Haydenshapes
• Firewire
• FCS
• Prolite
• Yolo Kayaks
• Zinka Sunscreen
• Showa Denko K.K.
• BIC Sport
• Surftech
• Channel Islands Surfboards

Market Segmentation:

By Product Type:

• By Board Type: Shortboards, Longboards, and Funboards
• By Material: Polyurethane, Fiberglass, and EPS/Epoxy
• By End-User: Recreational Surfers, Professional Surfers, and Beginner Surfers

Key Regions/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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The report offers insights on the following topics:

Chapter 1: Study Coverage

Chapter 2: Executive Summary

Chapter 3: Competitor Landscape of the Surfing Board Market by Players

Chapter 4: Market Size of the Surfing Board Market by Type and Application

Chapter 5: Global and Regional Analysis

Chapter 6: Company Profiles, Recent Developments, and Investments

Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors

Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments

Chapter 9: Research Findings and Conclusion

Chapter 10: Methodology/Research Approach

Ultimately, the Surfing Board Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Surfing Board industry.

Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.

Author Bio:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

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