Dublin, Sept. 29, 2023 (GLOBE NEWSWIRE) -- The "Surfing: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Dive into the world of the global surfing industry with our comprehensive market research report, offering a glimpse into the trends, challenges, and opportunities poised to shape the future of this dynamic sector. The market is set to expand to an estimated size of $5.5 billion by 2030, up from approximately $4.1 billion in 2022.
Embrace Informed Decision-Making: Insights on Surfing Boards Segment and Key Geographies
Gain a proactive edge by accessing critical insights on the Surfing Boards segment, projected to achieve a robust 4.1% Compound Annual Growth Rate (CAGR) and reach an estimated $3.9 billion by the end of the analysis period. This report also offers fresh perspectives on key geographies, including the U.S., Asia-Pacific, Japan, and Europe, featuring their growth rates and projected market sizes. With an in-depth analysis of 173 selected competitors, this report is an indispensable resource for both established businesses and startups in the surfing industry.
Global Surfing Market Outlook: $5.5 Billion by 2030
The global surfing market, valued at approximately $4.1 billion in 2022, is poised to achieve substantial growth, reaching an estimated $5.5 billion by 2030, boasting a 4.0% Compound Annual Growth Rate (CAGR) during the analysis period from 2022 to 2030. A highlight of this market is the Surfing Boards segment, projected to record a robust 4.1% CAGR, ultimately reaching $3.9 billion. With ongoing post-pandemic recovery in mind, the Apparel & Accessories segment's growth is recalibrated to a 3.6% CAGR for the next eight years.
Key Regional Insights: U.S. and Asia-Pacific Lead the Way
- The U.S. surfing market is estimated at $1.8 billion in 2022.
- Asia-Pacific is forecasted to reach a projected market size of $2.4 billion by 2030, with a CAGR of 4.0% from 2022 to 2030.
- Other noteworthy geographic markets include Japan and Europe, expected to grow at rates of 2.9% and 3.6%, respectively, during the 2022-2030 period.
- Within Europe, Germany is forecasted to achieve a CAGR of approximately 3.9%.
Comprehensive Market Scope
This comprehensive market analysis delves deep into the global surfing industry, examining key regions such as the USA, Japan, Europe, Asia-Pacific, and the Rest of the World. It provides insights into annual sales figures in US$ Thousand and percentage growth rates (CAGR) spanning from 2014 to 2030. The report covers historical sales data from 2014 to 2021, future projections from 2022 to 2030, and a 16-year perspective, focusing on pivotal years like 2014, 2023, and 2030. Subcategories within the surfing market, including surfing boards and apparel & accessories, are dissected, alongside distribution channels, encompassing offline and online sales. This comprehensive examination equips industry stakeholders with valuable insights to inform strategic decision-making in the dynamic global surfing market.
Market Overview
- Examination of the impact of the COVID-19 pandemic and the looming global recession.
- Insights into world economic growth projections (Real GDP, Annual % Change) from 2020 through 2023.
- Exploration of the surge in surfing popularity post-lifting of restrictions.
- Evaluation of competition, popular surfboards worldwide, and strategies adopted by vendors in the surfing equipment market.
- Identification of key market drivers, including demographic factors, technological innovations, and sustainability practices.
- Exploration of the rising interest in adaptive surfing, surfing therapy, and the influence of artificial wave pools on the surfing market.
- Examination of the role of surf tourism and its dynamics.
- Insights into the impact of the entertainment industry and media on promoting surfing culture.
- Examination of the sales trends through online channels and key market issues facing the surfing industry.
Notable Competitors (Total 173 Featured)
- Adidas AG
- Billabong International Ltd.
- Aropec Sports Corporation
- Alpinestars SpA
- Beachbeat Surfboards
- AJW Surfboards
- Balance Designs, Inc. (Vew-Do Balance Boards)
- Bear Industries Srl
- Almond Surfboards
- AIPA Surf Company
- Album Surfboards
- Basque Country Surf Company S.L.
- Bing Surfboards
- Black Rose Mfg. LLC
- Between the Flags
Market Trends & Drivers
- Exploration of how demographic factors influence the sales of surf gear and surfwear.
- Insights into the global participation in surfing, highlighting the rise of women and girls as a new wave of surfers.
- Evaluation of innovations in surfboard designs and materials, including sustainability practices and technology advancements.
- Examination of the growing popularity of adaptive surfing and its therapeutic potential.
- Insights into the influence of entertainment and media on the surfing culture.
- Exploration of the rise in online sales channels and the shift towards sustainable practices.
- Insights into the impact of COVID-19 on the tourism industry and surf tourism.
- Examination of the role of technology in shaping the surfing market.
- Insights into sustainability practices and the adoption of eco-friendly materials.
- Exploration of the influence of the entertainment industry and media on promoting surfing culture.
- Insights into the impact of the entertainment industry and media on promoting surfing culture.
- Exploration of the impact of the entertainment industry and media on promoting surfing culture.
Stay informed and gain an edge in the competitive global surfing industry with this in-depth market research report. The future of surfing is here, and you can be a part of it.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 387 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $4.1 Billion |
| Forecasted Market Value (USD) by 2030 | $5.5 Billion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/5hwtmw
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