Press release
Surfing Boards Market Set to Reach $4.39 Billion by 2029 with 7.24% Yearly Growth
Surfing Boards Market Size
In the past few years, the surfing boards market has seen robust growth. From $3.09 billion in 2024, it's projected to swell to $3.32 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.5%. Several factors are contributing to this escalating growth during the historic period. These include the surging interest in water sports, higher disposable income, improvements in the materials used for boards, growth in surfing-related tourism, endorsement by celebrities, growing environmental consciousness, urban development, and enhanced surfing infrastructure.
The market for surfing boards is predicted to enjoy robust expansion in the coming years, with its value expected to reach $4.39 billion by 2029, thanks to a compound annual growth rate (CAGR) of 7.2%. This predicted growth during the forecast period is due to factors such as an increase in involvement from women, a renewed focus on health and wellness, the surge of online retail, the rise of sustainable practices, the entrance of emerging markets and the presence of competitive surfing leagues. Future trends likely to shape the market include the adoption of smart board technology, electric surfboards, options for customization and personalization, use of biodegradable materials, the application of augmented reality (AR) in training, the proliferation of hybrid board designs, and the implementation of artificial intelligence (AI) in design.
What Are the Forces Behind the Rapid Growth of the Surfing Boards Market?
The rising consciousness about outdoor sports activities is projected to fuel the expansion of the surfing board market in the future. Outdoor sports activities incorporate physical exercises and sports that are primarily performed outdoors, often in natural surroundings like parks, forests, mountains, and water bodies. The increasing consciousness of outdoor sports activities can be attributed to their acknowledged health benefits, which encompass physical fitness, mental well-being, and the trend towards experiential activities that encourage social interaction and community building. Surfing board advancements aim to meet the needs of outdoor sports enthusiasts by improving performance, safety, and enjoyment, similar to how travel management software optimizes and simplifies corporate travel while guaranteeing cost control, policy compliance, and employee wellness. For example, as per the Outdoor Participation Trend report by the Outdoor Industry Association (OIA), a US-based non-profit establishment, the number of participants in outdoor recreation rose by 2.3% in 2022 to an all-time high of 168.1 million participants, up from 164.2 million in 2021, accounting for 55% of the U.S. population aged six and older. Consequently, the rising awareness of outdoor sports activities propels the surfing board market.
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Who Are the Dominant Companies Influencing Surfing Boards Market Trends?
Major companies operating in the surfing boards market are Quiksilver Inc., Rip Curl Group Pty Ltd, Tahe Outdoors OÜ, Boardworks Surf Inc., Channel Islands Surfboards Inc., Bing Surfboards, O'Neill Inc., Firewire Surfboards LLC, DHD Surfboards Pty Ltd, JS Industries Pty Ltd, Lost Surfboards LLC, HaydenShapes Surfboards Pty Ltd, Rusty Surfboards Pty Ltd, Surftech LLC, Surf Diva Surfboards LLC, Tokoro Surfboards, Surftech USA LLC, NSP Surfboards, Stewart Surfboards Inc., Infinity SUP, Global Surf Industries Pty Ltd, Hot Buttered Surfboards, Lib Tech Surf LLC, Walden Surfboards, Avila Surfboards
How Is the Surfing Boards Market Evolving?
In the surfing board market, leading firms such as Cyrusher are honing their strategies on crafting sustainable products like electric surfboards to cater to the growing consumer demand for improved performance and unique features. Through motorized propulsion, electric surfboards can amplify the surfing experience, facilitating riders to attain greater speeds and perform actions with ease on water. Cyrusher, a US firm that specializes in manufacturing electric bikes and surfboards, released the Cyrusher Thunder electric surfboard in September 2023. The board, characterized by its top speed of 44 mph (70 km/h), is equipped with a jet pump powered by a 5 kW continuous-rated and peak-rated 10 kW electric motor. It possesses dimensions of 66 inches (1.68 meters) and features a 72V and 50Ah waterproof battery providing a capacity of 3.6 kWh for up to an hour of ride time. A full battery recovery takes between two and three hours. In addition, it comes with a hand rope that doubles as a remote control cord for safety, adjustable foot bindings for better maneuverability, and a dry weight of 18 kg (40 lb.), making it relatively convenient to transport and employ for water sports in spite of the battery adding 22 kg (48.5 lb.) to the weight.
What Are the Different Segmentations in the Surfing Boards Market?
The surfing boards market covered in this report is segmented -
1) By Product Type: Short Boards, Longboards, Fun Boards, Foam Board, Other Products
2) By Material: Wood, Fiberglass and Foam, Epoxy, Polyurethane, Polystyrene
3) By Distribution Channel: Online, Offline
4) By Application: Entertainment, Sports Competition, Other Applications
5) By End Users: Kids, Adults
Subsegments:
1) By Short Boards: Standard Shortboards, Performance Shortboards, Fish Shortboards, Hybrid Shortboards
2) By Longboards: Traditional Longboards, Nose Riders, Performance Longboards, Retro Longboards
3) By Fun Boards: Mini Longboards, Hybrid Fun Boards, Fish Fun Boards
4) By Foam Board: Soft-Top Foam Boards, Hard-Top Foam Boards, Inflatable Foam Boards
5) By Other Products: Stand-Up Paddleboards (SUPs), Tow-In Boards, Hybrid Surfboards, Custom Or Specialty Boards
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Which Region Is at the Forefront of the Surfing Boards Market?
North America was the largest region in the surfing boards market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surfing boards market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Surfing Boards Global Market Report?
- Market Size Analysis: Analyze the Surfing Boards Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Surfing Boards Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Surfing Boards Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Surfing Boards Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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