Global Surfboard Market 2018-2022
Surfing is one of the most popular water sports because of the minimal training and equipment required in the sport. Recreational users are the ones who periodically take vacations to go on adventure trips. Recreational users dominated the end-user segments because of the rising number of people preferring adventure water activities over other sports during their vacations. The popularity of surf tourism has increased across the globe. There are now various surf-specific websites, international and regional. This increases the accessibility of the information related to surfing in various regions and encourages surf tourism. Based on products surfboard can be segmented into shortboards and longboards. The demand for shortboards among advanced level surfers is high since shortboards provide high performance and maneuverability. They are also light in weight as they are made using less foam and glass. The adoption of shortboard surfboards will increasing since they are specifically designed to use when the waves are fast, steep, and powerful. This will positively influence the growth of the surfboard market in the shortboards segment.
Technavio’s analysts forecast the global surfboard market to grow at a CAGR of 12.24% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global surfboard market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of surfboard.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Surfboard Market 2018-2022
Technavio recognizes the following companies as the key players in the global surfboard market: Beachbeat Surfboards, Channel Islands Surfboards, Firewire Surfboards, Global Surf Industries, INFINITY SURF, and NSP Surfboard.
Other Prominent Vendors in the market are: Billabong, BruSurf, Mt Woodgee, and Superbrand Surfboards and Apparel.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increase in use of improved raw materials. Manufacturers are focusing on the production of better surfboards with the help of different materials. For instance, they are replacing polyurethane with Styrofoam and polyester with epoxy resin to manufacture surfboards. The adoption of these materials is increasing because they offer high impact resistance and are light in weight. The preference towards epoxy surfboards is increasing among consumers since they produce less toxic fumes.”
According to the report, one of the major drivers for this market is introduction of surfing contests. Several surfers are focusing on exhibiting their skills and gain recognition by participating in surfing competitions. These surfers are judged based on the level of difficulty, mastery of surfing on the waves, competency of how the wave is ridden, and frequency of maneuvers. A large number of professional surfing competitors participate in the championship tour conducted by the world surf league (WSL). The number of recreational and professional surfers is increasing due to the rising number of surfing events. This in turn, will boost the sales of surfboards and surf gear of all kinds. Various companies such as Stance, Dakine, and Stubbies also sponsor surfers or competitions as a part of their marketing strategy.
Beachbeat Surfboards, Channel Islands Surfboards, Firewire Surfboards, Global Surf Industries, INFINITY SURF, NSP Surfboard, Billabong, BruSurf, Mt Woodgee, and Superbrand Surfboards and Apparel.
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