How Is The Global Surfing Boards Market Defined?
Surfing boards refer to specialized boards used for riding ocean waves in the sport of surfing. The designers create boards in a variety of lengths, widths, and materials to suit diverse surfing styles and skill levels and incorporate fins for stability and control. These boards are designed with a streamlined shape to enhance buoyancy and maneuverability on water.
Surfing Boards Global Market Report 2024 provides data on the global surfing boards market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The surfing boards market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Market Size And Growth Rate Of The Global Surfing Boards Market Projected?
The surfing boards market has been growing rapidly. It will rise from $2.88 billion in 2023 to $3.09 billion in 2024 at a CAGR of 7.2%. The increase is due to the growing popularity of water sports, rising disposable incomes, improvements in board materials, the expansion of surfing tourism, celebrity endorsements, environmental awareness, urbanization, and more surfing facilities. The market is expected to grow to $4.09 billion by 2028 at a CAGR of 7.3%. This growth will be driven by rising participation in rowing among women, health and wellness trends, the expansion of online retail, sustainable practices, emerging markets, and competitive surfing leagues. Key trends in the forecast period include smart board technology, electric surfboards, customization, biodegradable materials, augmented reality (AR) for training, hybrid board designs, and artificial intelligence (AI) in design.
What Are The Primary Growth Drivers In The Surfing Boards Market?
The rising awareness of outdoor sports activities is anticipated to drive the surfing board market's growth. Outdoor sports, performed in natural settings, promote physical fitness, mental well-being, and social interaction. The growing interest in these activities has led to innovations in surfing boards, which enhance performance, safety, and user enjoyment. For example, in June 2023, the Outdoor Industry Association reported that outdoor recreation participation in the U.S. increased by 2.3% in 2022, reaching a record 168.1 million participants, representing 55% of the U.S. population aged six and older. This heightened awareness of outdoor sports is contributing to the growth of the surfing board market.
Get Your Free Sample of the Global Surfing Boards Market Report
What Is The Segmentation Of The Global 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
What Emerging Trends Are Shaping The Surfing Boards Market?
In the surfing board market, companies are meeting growing consumer demand for high-performance and innovative features by launching electric surfboards. These motorized boards allow users to reach higher speeds and perform maneuvers with ease. For example, in September 2023, US-based Cyrusher introduced the Thunder electric surfboard, capable of reaching speeds up to 44 mph (70 km/h). Powered by a 5 kW continuous-rated and 10 kW peak-rated electric motor, it features a waterproof 72V, 50Ah battery with a 3.6 kWh capacity, enabling up to 60 minutes of ride time. The board includes adjustable foot bindings, a wired remote control, and a lightweight design for portability, despite the added weight of its 22 kg (48.5 lb.) battery.
Which Region Has The Fastest Expansion In The Surfing Boards Market?
North America was the largest region in the surfing boards market in 2023. 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.
