About the Bodyboard Market
Surfing is a popular sport that is pursued both as a profession and as a form of recreation across the globe. The term surf culture is used to collectively indicate the people, language, lifestyle, and fashion surrounding surfing. Surf culture is gaining popularity in many coastlines worldwide. Hawaii and California are the hubs of surfing activities in the US, and so, the surf culture is strong in these regions.
Technavio’s analysts forecast the global bodyboard market to grow at a CAGR of 7.51% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global bodyboard market for 2016-2020. To calculate the market size, the study considers the revenue generated from the worldwide retail sales of bodyboards.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bodyboard Market 2016-2020
Technavio recognizes the following companies as the key players in the global bodyboard market: Custom X, Pride, NMD Board, and Wham-O.
Other Prominent Vendors in the market are: 4Play, Agit Global, ARIN Bodyboards, Ballistic, BANGA Boards, BruSurf, Funkshen Bodyboards, Genesis, Hubboards, JG Boards, Keeper Sports Products, Milk Bodyboards, No.6, Primo, Turbo Surf Designs, and YUAN Sports.
Commenting on the report, an analyst from Technavio’s team said: “A trend which is playing a key role in boosting market growth is the introduction of advanced manufacturing techniques. Manufacturers have introduced advanced manufacturing techniques to improve and shorten the manufacturing process. The introduction of CAD/CAM has simplified the design process. The designers can create a 3-D image of a new board design, change contours and dimensions, print a finished drawing, and contour templates. This saves a considerable amount of time compared to the manual methods of building boards.”
According to the report, a key growth driver is the worldwide growth in surfing activities. The ISA is the global governing authority for bodysurfing, surfing, stand-up paddle racing and surfing, wake surfing, and other wave-riding sports. It has introduced educational courses worldwide for the growth and development of surfing worldwide. The courses aim to develop knowledge, abilities, and skills required for surfers and take a scientific approach to the coaching of surfing. Its coaching and instructing programs aim at establishing global industry standards of quality, efficacy, and safety for surfing and stand-up paddling coaches and instructors.
Further, the report states that one challenge that could restrict market growth is DIY bodyboards. A DIY bodyboard costs below $40, which is around 20% of the price of various branded bodyboards available in the market.
Custom X, Pride, NMD Board, Wham-O, 4Play, Agit Global, ARIN Bodyboards, Ballistic, BANGA Boards, BruSurf, Funkshen Bodyboards, Genesis, Hubboards, JG Boards, Keeper Sports Products, Milk Bodyboards, No.6, Primo, Turbo Surf Designs, YUAN Sports.
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