Press release
Outdoor Recreation And Adventure Tourism Propel Growth Of The Surfing Tourism Market: A Key Factor Shaping the Future of the Surfing Tourism Market in 2025
What Are the Projections for the Size and Growth Rate of the Surfing Tourism Market?_x000D_In recent times, the size of the surfing tourism market has seen significant growth. The market, currently valued at $9.58 billion in 2024, is projected to increase to $10.22 billion in 2025, indicating a compound annual growth rate (CAGR) of 6.7%. Factors contributing to this growth during the historic period include the cultural impact of early surf films and periodicals, the improved accessibility and affordability of air transport, advancements in surfboard technology, professional surfing and surfing competitions, as well as surf camps and schools._x000D_
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Expectations are high for the surfing tourism market size to witness considerable expansion in the coming years, with predictions of growth to $13.08 billion by 2029, sustained by a compound annual growth rate (CAGR) of 6.4%. This expected growth during the forecast period is likely due to factors such as the enhancement of beach and surf infrastructure, proactive marketing strategies, the continuous development and upkeep of beaches and surf hotspots, introduction of markets, and the supply of distinctive surfing experiences. Major trends that will drive growth during this forecast period include an intensified focus on eco-friendly practices and sustainable tourism, technological advancements, emphasis on providing travel experiences, exploration of remote and unexplored locations, and high-end surf travel._x000D_
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What Are the Main Catalysts for Growth in the Surfing Tourism Market?_x000D_
The surge in popularity for outdoor leisure activities and adventure travel is anticipated to spur on the expansion of the surfing tourism market. The pursuit of outdoor recreation, which embodies activities undertaken for pleasure, relaxation, and fitness in natural environments or open spaces, is increasing. Additionally, adventure tourism, which involves journeys for physically challenging activities with some level of risk, is gaining traction. This upsurge is driven by various factors such as health and wellness movements, social media influences, the drive to disconnect from technology, and improved accessibility. Surfing tourism not only enhances outdoor pursuits by highlighting coastal locales but also encourages active lifestyles. Furthermore, it triggers investment in local facilities and amplifies the demand for related activities and services. For example, in July 2024, per data released by the Australian government Department of Health and Aged Care, nearly 90% of Australian adults partake in sports at least once annually. Each year, approximately 13.5 million adults and 3.6 million children engage in sports. Over 3 million Australians also volunteer in sports and active recreation annually. Therefore, the escalation in outdoor recreation and adventure travel interest is fueling the upswing in the surfing tourism market._x000D_
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Which Businesses Are at the Forefront of Surfing Tourism Market Development?_x000D_
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_x000D_
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What Are the Latest Innovations in the Surfing Tourism Market?_x000D_
Significant players in the surf tourism sector are emphasizing the establishment of surf schools, aiming to augment the overall experience and attract a larger segment of enthusiasts. Surf schools are specialized establishments or entities providing coaching and training in surfing. For example, in April 2022, Flying Konkan, an adventure company from India, initiated the first ever board surfing school to lure tourists and surfers to enjoy the immaculate beaches of Devgad. Open to all surfing abilities, the school invites both novice and experienced surfers. Newcomers are allowed to enjoy the sport without a prerequisite of swimming knowledge, training in shallower waters with minimal waves, while seasoned surfers can venture into deeper waters, necessitating swimming abilities for safety reasons._x000D_
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How Is the Surfing Tourism Market Segmented?_x000D_
The surfing tourism market covered in this report is segmented -_x000D_
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1) By Tour Type: Domestic, International_x000D_
2) By Services Offered: Surf Schools And Lessons, Surf Camps And Retreats, Surf Resorts And Accommodations, Surf Tours And Expeditions, Equipment Rentals And Sales_x000D_
3) By Consumer Orientation: Men, Women_x000D_
4) By Tourist Type: Independent Traveler, Tour Group, Package Traveler_x000D_
5) By Target Audience: Beginners And Learners, Intermediate Surfers, Advanced And Professional Surfers, Family And Group Travelers_x000D_
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Subsegments:_x000D_
1) By Domestic: Local Surfing Tours, Regional Surfing Destinations, National Surfing Events And Competitions_x000D_
2) By International: Surfing Holidays Abroad, Surf Camps And Surf Schools, Surfing Adventure Travel Packages, International Surfing Competitions And Events_x000D_
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https://www.thebusinessresearchcompany.com/report/surfing-tourism-global-market-report_x000D_
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Where Is the Surfing Tourism Market Growth Most Prominent?_x000D_
North America was the largest region in the surfing tourism market in 2023. The regions covered in the surfing tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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What Is Covered In The Surfing Tourism Global Market Report?_x000D_
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- Market Size Analysis: Analyze the Surfing Tourism Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Surfing Tourism Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Surfing Tourism Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Surfing Tourism Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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