According to a new report by Expert Market Research titled, “Global Surfing Equipment Market Share, Size, Report and Forecast 2024-2032″, the global surfing equipment market size reached a value of USD 4.59 billion in 2023. Aided by the rising popularity of water sports, increased coastal tourism, and the integration of advanced technologies in surf equipment design, the market is projected to further grow at a CAGR of 3.6% between 2024 and 2032 to reach a value of USD 6.34 billion by 2032.
Surfing, once a sport deeply embedded in specific cultures, particularly around the Pacific islands, has transformed into a global sensation throughout the years. 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.
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.
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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 expansion.
Eco-consciousness is another defining trend in the 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 market’s ecological footprint which further contributes to the surfing equipment market share.
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The market has seen a surge in surfing gear designed specifically for women, driven by the increasing participation of women in the sport. This includes wetsuits tailored for women’s body shapes and surfboards designed for lighter weights and different centres of gravity, alongside vibrant aesthetics and designs that cater to female consumers.
As per the surfing equipment market outlook, surfing tourism is booming, influencing the demand for surfing equipment globally. Destinations known for surfing are seeing increased investments in surf-related infrastructure, from surf schools and rental shops to specialised accommodations. This trend is expanding the market for surf equipment manufacturers and retailers.
As surfing gains popularity globally, there is growing interest in accessible training options, leading to the rise of wave pools and surfing simulators. These facilities allow for consistent wave conditions and the opportunity to practice in a controlled environment, making surfing more accessible to beginners and those living far from coastlines.
Wearables are becoming more prevalent in the surfing equipment market. Devices that track surfing activities, monitor performance, and provide GPS for safety and navigation are becoming popular among enthusiasts. These gadgets can help surfers analyse their performance, enhance their skills, and ensure safety in remote surfing locations.
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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