Press release
Surfing Tourism Market Report, Size, Share, Growth, Trends, Industry Forecast, Outlook to 2033
Surfing Tourism Market Report,
The new report published by The Business Research Company, titled Surfing Tourism Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the surfing tourism market size has grown strongly in recent years. It will grow from $9.00 billion in 2023 to $9.58 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The surfing tourism market size is expected to see strong growth in the next few years. It will grow to $12.31 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
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What Is Driving The Growth Of The Global Surfing Tourism Market?
Outdoor Recreation And Adventure Tourism Propel Growth Of The Surfing Tourism Market
Growing interest in outdoor recreation and adventure tourism is expected to propel the growth of the surfing tourism market going forward. Outdoor recreation refers to activities and pursuits that take place in natural or outdoor environments for enjoyment, relaxation, and fitness. Adventure tourism involves traveling to experience activities that are physically engaging and often involve a degree of risk. Interest in outdoor recreation and adventure tourism is rising due to several reasons, including health and wellness trends, social media influence, escape from technology, and increased accessibility. Surfing tourism enhances outdoor recreation by spotlighting coastal destinations and promoting active lifestyles. It stimulates local infrastructure investment and boosts demand for related activities and services. For instance, in July 2024, according to the Australian government Department of Health and Aged Care, an Australia-based government department, approximately 90% of adults engaged in sports at least once a year. Annually, around 13.5 million adults and 3.6 million children participate in sports. Additionally, over 3 million Australians volunteer in sports and active recreation each year. Therefore, the growing interest in outdoor recreation and adventure tourism is driving the growth of the surfing tourism market.
What Is The Key Trend In The Global Surfing Tourism Market?
Innovation In Surfing Tourism To Boost Tourism and Local Employment
Major companies operating in the surfing tourism market are focusing on developing surfing schools to enhance the overall experience and appeal to a broader range of enthusiasts. Surfing schools are specialized institutions or organizations that provide instruction and training in the sport of surfing. For instance, in April 2022, Flying Konkan, an India-based adventure company, launched the first board surfing school to attract tourists and surfers alike to enjoy the pristine beaches of Devgad. The school is open to all skill levels, welcoming both beginners and experienced surfers. Beginners can enjoy the sport without prior swimming knowledge, practicing in shallower waters with smaller waves, while more advanced surfers can tackle deeper waters, requiring swimming skills for safety.
How Is The Global Surfing Tourism Market Segmented?
The surfing tourism market covered in this report is segmented -
1) By Tour Type: Domestic, International
2) By Services Offered: Surf Schools And Lessons, Surf Camps And Retreats, Surf Resorts And Accommodations, Surf Tours And Expeditions, Equipment Rentals And Sales
3) By Consumer Orientation: Men, Women
4) By Tourist Type: Independent Traveler, Tour Group, Package Traveler
5) By Target Audience: Beginners And Learners, Intermediate Surfers, Advanced And Professional Surfers, Family And Group Travelers
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How Is The Competitive Landscape Of The Global Surfing Tourism Market?
Major companies operating in the surfing tourism market are LineUpEXplorers GmbH, The Perfect Wave Travel, Channel Islands Surfboards Inc., Body Glove International LLC, World Surfaris Pty Ltd, Firewire Surfboards LLC, Costa Rica Surf Travel Company, Wavehunters Surf Travel Pty Ltd, Waterways Surf Adventures, Nomad Surfers, Atoll Travel, The Ocean Spell Surf Travel, True Blue Travel, BruSurf Inc., Great Ocean Road Surf Tours, INTRO Travel Pty Ltd, Mojosurf Pty Ltd, Go Overseas Inc., Driftwood Mentawai Surf Travel, Surf and Sun
Contents Of The Global Surfing Tourism Market
1. Executive Summary
2. Surfing Tourism Market Report Structure
3. Surfing Tourism Market Trends And Strategies
4. Surfing Tourism Market - Macro Economic Scenario
5. Surfing Tourism Market Size And Growth
…..
27. Surfing Tourism Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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