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2025-2034 Surfing Boards Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights
Surfing Boards Market Size
What Will the Surfing Boards Industry Market Size Be by 2025?
The market size of surfing boards has seen robust growth over recent years. The market is projected to rise from a valuation of $3.09 billion in 2024 to $3.29 billion in 2025, marking a compound annual growth rate (CAGR) of 6.7%. The historic growth has been driven by factors such as the growing interest in water sports, climb in disposable incomes, advancements in board material technology, the surge in surfing tourism, endorsements by celebrities, awareness about the environment, urbanization, and the spread of surfing amenities.
What's the Long-Term Growth Forecast for the Surfing Boards Market Size Through 2029?
In the coming years, the surfboard market is predicted to experience significant growth, reaching a market value of $4.32 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 7.0%. This predicted surge during the forecast period is linked to factors such as an increase in women's participation, a focus on wellness and health, the growth of online retail, adoption of sustainable practices, the rise of emerging markets, and the popularity of competitive surfing leagues. The forecast period is also expected to witness major trends such as the use of smart board technology, electric surfboards, customizing and personalization, usage of biodegradable materials, the incorporation of augmented reality (AR) in training, development of hybrid board designs, and the integration of artificial intelligence (AI) in design.
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What Are the Key Growth Drivers Fueling the Surfing Boards Market Expansion?
The rise in awareness for outdoor sports activities is anticipated to boost the surfing board market. Engaging in outdoor sports activities often involves physical activities within natural environments such as parks, bodies of water, forests, and mountains. This increased awareness primarily stems from understanding their health benefits, like contributing to physical fitness and mental well-being, in addition to supporting social interaction and community building. Surfing board manufacturers respond to this by innovating their products to improve performance, safety, and overall user enjoyment, similar to the way travel management software optimizes corporate travel, ensuring cost-effectiveness, policy adherence, and employee welfare. For example, the Outdoor Industry Association (OIA), a US-based non-profit, revealed in their June 2023 Outdoor Participation Trend report, that the outdoor recreation participant base rose by 2.3% in 2022, reaching a record 168.1 million participants compared to the 164.2 million in 2021. This accounted for 55% of the U.S. population aged six and over. This escalating awareness of outdoor sports activities is responsible for propelling the surfing board market.
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What Are the Key Trends Driving Surfing Boards Market Growth?
Key players in the surfing board market are shifting their focus towards the creation of eco-friendly products such as electric surfboards, in an attempt to cater to the escalating demand for innovative and high-performance items. Electric surfboards enrich the surfing experience by offering motorized propulsion which allows surfers to attain higher velocities and perform water stunts with ease. For example, Cyrusher, an American company known for manufacturing electric bikes and surfboards, launched its Cyrusher Thunder electric surfboard in September 2023. This superior performance board boasts of attaining a maximum speed of 44 mph (70 km/h) and is powered by a jet pump with a 5 kW continuous rating and 10 kW peak-rated electric motor. Measuring 66 inches (1.68 meters) in length, it is equipped with a 72V, 50Ah water-resistant battery, offering a capacity of 3.6 kWh for a 60-minute ride time. It requires two to three hours to fully recharge. Furthermore, it includes a dual-purpose wired remote control that also functions as a safety hand rope, adaptable foot bindings for control, and weighs 40 lbs (18 kg) when dry. Even with the battery contributing an additional 48.5 lbs (22 kg), it still remains portable and practical for water sports use.
How Is the Surfing Boards Market Segmented?
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 Companies Are Leading the Charge in Surfing Boards Market Innovation?
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
Which Regions Are Leading the Global Surfing Boards Market in Revenue?
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.
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