Surfing Equipment Market Outlook
According to the report by Expert Market Research (EMR), the global surfing equipment market size is projected to grow at a CAGR of 3.60% between 2024 and 2032. Aided by the rising popularity of water sports, increased coastal tourism, and the integration of advanced technologies in surf equipment design, the market is expected to grow significantly by 2032.
Surfing, once a sport deeply embedded in specific cultures, particularly around the Pacific islands, has transformed into a global sensation. Modern surfing equipment, ranging from surfboards, and wetsuits to accessories like fins, leashes, and wax, facilitates both professional surfers and enthusiastic amateurs to challenge ocean waves. As surfing transforms from a niche activity into a mainstream sport and recreational pastime, the demand for quality equipment has surged.
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A vital driver behind the surfing equipment market growth is the increasing interest in water sports among individuals of all age groups. As coastal tourism thrives, many travellers and locals are drawn to the thrill of riding waves. Furthermore, professional surfing competitions broadcast worldwide serve as both entertainment and a promotional tool, capturing the imagination of viewers and inspiring them to try the sport.
Technological advancements have significantly impacted the global market. As per the surfing equipment market analysis, modern surfboards are a far cry from their rudimentary predecessors, with the incorporation of materials like carbon fibre, advanced foam, and epoxy resins. These advancements ensure better flexibility, durability, and performance. Additionally, the integration of wearable technology, like GPS-enabled watches that track performance metrics, offers surfers insightful data to enhance their skills.
The global health and wellness trend has also intersected with the world of surfing. As more individuals seek active lifestyles, surfing is recognised not just for the thrill but also as a comprehensive physical workout, enhancing cardiovascular health, strength, and agility which propels the surfing equipment market demand.
Eco-consciousness is another defining trend in the surfing equipment market. Manufacturers are actively seeking sustainable alternatives to traditional materials, developing eco-friendly boards, and wetsuits. Organic waxes, recycled foam, and natural rubbers are gaining traction, satisfying environmentally aware consumers, and reducing the industry’s ecological footprint which further contributes value to the surfing equipment market size.
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Surfing Equipment Market Segmentation
The market can be divided based on product, distribution channel, and region.
Market Breakup by Product
- Surfboards
- Apparel
- Accessories
- Others
Market Breakup by Distribution Channel
- Online
- Offline
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global surfing equipment market. Some of the major players explored in the report by Expert Market Research are as follows:
- Boardriders, Inc.
- NIKE, Inc.
- Rusty Surfboards, Inc.
- Firewire Surfboards, LLC
- Agit Global, Inc
- Cobra International Co., Ltd
- Huizhou Xinyitong Sports Equipment Co. LTD
- Tahe Outdoors
- Simon Anderson Surfboards
- Others
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