What Has Been The Evolution of the Surfing Boards Market in Recent Years?
The surfing boards market has seen considerable growth due to a variety of factors.
• The surfing boards market has seen strong growth in recent years. It will rise from $3.09 billion in 2024 to $3.32 billion in 2025, at a CAGR of 7.5%.
This growth is attributed to the growing popularity of water sports, higher disposable incomes, advancements in board materials, the expansion of surfing tourism, celebrity endorsements, environmental awareness, urbanization, and improvements in surfing infrastructure.
How Will the Surfing Boards Market?
The surfing boards market is expected to maintain its strong growth trajectory in upcoming years.
• The surfing boards market is expected to grow significantly, reaching $4.39 billion by 2029 at a CAGR of 7.2%.
Growth is fueled by increased participation in rowing among women, health and wellness trends, online retail expansion, sustainable practices, emerging markets, and competitive surfing leagues. Key trends include smart board technology, electric surfboards, customization, biodegradable materials, AR in training, hybrid designs, and AI-driven design.
Which Factors Are Boosting Growth In The Surfing Boards Market?
The surge in outdoor sports consciousness is anticipated to drive the surfing board market expansion in the future. Outdoor sports activities incorporate physical exercises and sports predominantly conducted outdoors, often set amidst scenic locales like parks, forests, mountains, and water bodies. The awareness about outdoor sports activities is gaining momentum due to the acknowledged health advantages they offer such as physical fitness, mental health, and fostering community and social connections through experiential activities. In line with travel management software that simplifies corporate travel and ensures cost control, policy compliance, and staff well-being, innovations in surfing boards are designed to enrich the performance, safety, and enjoyment of outdoor sports enthusiasts. According to the Outdoor Participation Trend report released by the Outdoor Industry Association (OIA), a non-profit organization based in the U.S., in June 2023, there was a 2.3% increase in outdoor recreation participants in 2022, reaching a record 168.1 million participants compared to 164.2 million in 2021. This signifies 55% of the U.S. population aged six years and above. Consequently, the rise in awareness regarding outdoor sports activities is steering the growth of the surfing board market.
What Key Areas Define 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
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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How Are Emerging Trends Reshaping The Dynamics Of The Surfing Boards Market?
In response to a growing consumer demand for higher performance and innovative features, key players in the surfboard market are shifting their focus towards the creation of sustainable products like electric surfboards. By offering motorized propulsion, electric surfboards enhance the surfing experience, allowing riders to reach increased speeds and perform water maneuvers with ease. Take for instance, Cyrusher, a US company popular for manufacturing electric bikes and surfboards, launched the Cyrusher Thunder, an electric surfboard in September 2023. This advanced board can reach top speeds of upto 44 mph (70 km/h) and is powered by a jet pump with a 5 kW continuous-rated and 10 kW peak-rated electric motor. The board is 66 inches (1.68 meters) with a waterproof 72V and 50Ah battery that provides a capacity of 3.6 kWh for a maximum of 60 minutes of surfing. It requires about two to three hours to fully recharge. It comes with a hand rope that functions as a wired remote control for safety, adjustable foot bindings for easy maneuvering and weighs 18 kg (40 lb.) when dry. Even with an added battery weight of 22 kilograms (48.5 lb.), the board remains convenient to transport and utilize in water sports.
Who Are the Key Players In The Surfing Boards Market?
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
What Is The Most Dominant Region In 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.
