2024 Surfing Boards Market Analysis: Market Size, Key Drivers, and Segment Insights
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What Will Be the Growth Trajectory of the Surfing Boards Market from 2024 to 2033?
The surfing boards market size has experienced robust growth in recent years. It is projected to rise from $2.88 billion in 2023 to $3.09 billion in 2024, representing a CAGR of 7.2%. This growth can be attributed to the increasing popularity of water sports, rising disposable incomes, advancements in board materials, the expansion of surfing tourism, celebrity endorsements, environmental awareness, urbanization, and the development of surfing facilities.
The surfing boards market is forecast to grow to $4.09 billion by 2028, with a CAGR of 7.3%. The rise in women’s participation, wellness trends, and sustainable practices drive growth. Smart boards, electric surfboards, and biodegradable materials are key trends in the market.
What Are the Primary Growth Drivers for the Surfing Boards Market?
The growing awareness of outdoor sports activities is expected to propel the growth of the surfing board market going forward. Outdoor sports activities encompass physical activities and sports that are conducted primarily outdoors, often in natural environments such as parks, forests, mountains, and bodies of water. The growing awareness of outdoor sports activities is increased due to their recognized health benefits, including physical fitness and mental well-being, and the social trend towards experiential activities promoting community and social interactions. Surfing board innovations cater to outdoor sports enthusiasts by enhancing performance, safety, and enjoyment, paralleling how travel management software simplifies and streamlines corporate travel while ensuring cost control, policy enforcement, and employee well-being.
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What Are the Defining Segments of the 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 Trends Are Revolutionizing Standards in the Surfing Boards Market?
Major companies operating in the surfing board market are focusing on developing sustainable products, such as electric surfboards, to meet increasing consumer demand for higher performance and innovative features. Electric surfboards enhance surfing experiences by providing motorized propulsion, enabling riders to achieve higher speeds and perform maneuvers effortlessly on the water. For instance, in September 2023, Cyrusher, a US-based company that manufactures electric bikes and electric surfboards, launched the Cyrusher Thunder electric surfboard. This high-performance board boasts a top speed of 44 mph (70 km/h) and a jet pump powered by a 5 kW continuous-rated and 10 kW peak-rated electric motor. The board measures 66 inches (1.68 meters) and has a waterproof 72V and 50Ah battery, providing 3.6 kWh capacity for up to 60 minutes of riding time. A full recharge takes two to three hours. It includes a wired remote control that doubles as a hand rope for safety, adjustable foot bindings for maneuverability, and weighs 18 kg (40 lb.) dry. Despite the added weight of the battery (22 kilograms or 48.5 lb.), it remains convenient for transport and use in water sports.
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What Regions Are Propelling Growth in the Surfing Boards Industry?
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.
The Surfing Boards Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the surfing boards market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Surfing Boards Market Include
1. Surfing Boards Market Executive Summary
2. Surfing Boards Market Segments
3. Surfing Boards Market Size And Template Market Growth Rate
4. Key Surfing Boards Market Trends
5. Major Surfing Boards Market Drivers
……
25. Key Mergers And Acquisitions In The Surfing Boards Market
26. Top Surfing Boards Companies
27. Surfing Boards Market Opportunities And Strategies
28. Surfing Boards Market, Conclusions And Recommendations
29. Appendix
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