Surfboard Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
The global surfboard market is making a splash as it gears up to ride the waves of exponential growth, with projections indicating a significant increase from a valuation of US$ 3.9 billion in 2024 to a staggering US$ 6.3 billion by the end of 2031. This growth reflects the ever-increasing popularity of surfing as both a recreational pastime and a competitive sport.
Surfing: A Sport with Health and Fitness Benefits
Surfing, known for its exhilarating and enjoyable experience, is also becoming recognized for its myriad health and fitness advantages. Paddling a surfboard into the ocean not only provides a thrilling adventure but also strengthens arm, shoulder, and chest muscles. Furthermore, surfing has a profound impact on the cardiovascular system, improving heart health and potentially reducing the risk of heart-related issues.
Surfing Tourism as a Development Strategy
The global surfing tourism industry is riding the tide of expansion, with countries worldwide recognizing it as a strategic growth opportunity. Governments are investing in infrastructure improvements to attract tourists from across the globe, stimulating economic growth in primary, secondary, and tertiary sectors. The tourism and hospitality industries are making substantial contributions to national GDPs, thanks to the influx of surf-loving travelers.
Country-Wise Analysis: UK, US, and India
• United Kingdom: The UK boasts remarkable opportunities in Western Europe's surfing tourism market, attracting visitors from all over with its picturesque surfing destinations. With approximately 500,000 wave surfers and a growing interest among women, the UK remains a lucrative market for surf tourism in Europe.
• United States: Certification programs for beginners and early intermediates have successfully attracted individuals to surfing, contributing to the robust surfboard market in the U.S. These programs offer a scientific approach to teaching surfing and stand-up paddleboarding, making it accessible to a broader audience.
• India: Water adventure tourism is on the rise in India, fueled by advancements in technology and equipment that enhance safety. This surge in water sports participation, including surfing, is expanding the Indian surfboard market. The availability of professional trainers and the influence of social media marketing are driving this growth.
Competitive Analysis
Businesses in the surfboard industry are riding the wave of innovation, crafting sophisticated boards and enhancing the overall surfing experience. To bolster their global market presence and competitiveness, companies are focusing on advancements and cost-effective equipment. In response to intense competition, businesses are actively engaging in new product launches, partnerships, agreements, and mergers to increase their market share.
Key Companies Profiled:
• Global Surf Industries
• Gerflor SAS
• Tarkett SA
• Forbo
• Beachbeat Surfboards
• Kiefer USA
• Bauwerk Boen Group
• EPI Group
• Channel Island Surfboards Inc.
• Horner Surfboard
• Signature Sports
• Robbins Sports Surfaces
• Aacer Flooring
• Brusurf LLC
• Others (As per Request)
Key Segments Covered in Surfboard Industry Research
By Product Type:
• Shortboards
• Longboards
• Fish Boards
• Gun Boards
• Others
By Material:
• Polyurethane
• Foam
• Wood
• Others
By Application:
• Amateurs
• Professionals
By Sales Channel:
• Wholesalers/Distributors
• Hypermarkets/Supermarkets
• Specialty Stores
• Independent Small Stores
• Online Retailers
• Others
By Region:
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa
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