Dublin, April 10, 2023 (GLOBE NEWSWIRE) -- The "Board Sports: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Board Sports estimated at US$23.1 Billion in the year 2022, is projected to reach a revised size of US$35 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030.
Summer Boardsports, one of the segments analyzed in the report, is projected to record 5.6% CAGR and reach US$32.8 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Snowboarding segment is readjusted to a revised 1.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $11.5 Billion, While China is Forecast to Grow at 5.9% CAGR
The Board Sports market in the U.S. is estimated at US$11.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 4.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.
Select Competitors (Total 248 Featured) -
- Adidas AG
- Boardriders, Inc.
- Body Glove International, LLC
- Burton Snowboards
- Capita
- Globe International Ltd.
- Gul Watersports Ltd.
- Hurley, Inc.
- K2 Snowboarding
- Mervin Manufacturing
- Meta-Sports CO., Ltd.
- Never Summer Industries
- Nike Skateboarding
- Nitro USA, Inc.
- North Actionsports B.V.
- O'Neill
- Rip Curl, Inc.
- Salomon Snowboards
- Volcom, LLC
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 443 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $23.1 Billion |
| Forecasted Market Value (USD) by 2030 | $35 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021 and Beyond
- With IMF Making an Upward Revision of Global GDP for 2022, Companies Remain Bullish About an Economic Comeback
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Surfing Gear Businesses Remain Alive & Kicking during COVID-19 Pandemic
- YoY% Sales Growth in Surf Hardgoods in the US: Feb 2020, April 2020, June 2020, October 2020, December 2020, and March 2021
- Skiing and Snowboarding Industry Faces a Bumpy Ride
- Winter Sports to Stage Recovery from Pandemic Woes through Digitalization
- Improving Consumer Demand to Drive Winter Sports Gear Sales in 2021-2022 Season
- Influencer Market Insights
- World Market Trajectories
- Board Sports: A Prelude
- Insight into Key Segments
- Summer Board Sports
- Snowboarding
- Generic Factors Influencing the Board Sports Market
- Seasonality: A Characteristic of the Sport
- Economic Conditions
- Alternate Sports & Leisure Activities Cap Consumer Base
- Board Sports - Global Key Competitors Percentage Market Share in 2022 (E)
- Board Sports Competitor Market Share Scenario Worldwide (in %): 2020E
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Regional Landscape
- Key Board Sports Markets
- Surfing: The Most Popular Board Sports
- Evolution of Surfing
- Surfboards: An Introduction
- Global Market Prospects & Outlook
- Skiing and Snowboarding Market
- Asia and its Emergence as Next Skiing Destination
- Competition
- Market Share of Leading Players in the Global Board Sports Market: 2020
- Recent Market Activity
- World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Interest Among Women in Board Sports Opens Encouraging Prospects
- Favorable Demographics to Boost Sales of Surf Wear and Surf Gear
- Surfing Participation Worldwide: Number of Surfers (in Thousands) for Select Countries
- Women & Girls: The New Wave of Surfers
- World Surfing Participation by Gender: 2021
- Industry Witnesses Change in Average Age of Surfers
- World Surfing Participation by Age Group: 2021
- Key Technological Advances That Are Transforming Surfing Experience
- Modular Collapsible Surfboard
- Smart, Connected Surfboards Take Surfing Experience to New Level
- Surf Forecasting Improves Participation
- 3D Printed Surfboard & VR Surfing
- Drone Technology for Surfing
- Finding the Perfect Wave Using Smart phones
- Major Recent Design Innovations in Board Sports Equipment
- Increased Demand for Handmade and Customized Ski Equipment
- Key Future Design Improvements Expected in Surfboards
- Hi-tech Surfing Gains Interest
- Battery-driven Surfboard Powers Electric Surfing Market
- Rising Interest in Surfboard Volume Metrics to Lend Traction for Market
- Sustainable Practices Gain Prominence in Surfing Industry
- Wooden Surfboards: An Eco-friendly and Sustainable Option
- Carbon Technology to Improve Surfboards
- Use of Carbon Fiber Waste in Surfboard-Making
- Surfboards Find Use in Snowboarding
- Rising Popularity of Adaptive Surfing to Present Long-term Growth Prospects
- Artificial Wave Pools and Surf Parks Bring Surfing to Landlocked Areas: Potential for Surf Apparel and Gear
- Health + Wellness + Surfing: The New Mantra for Success for Surf Tourism
- Luxury Surf Tourism: Potential for Long-term Growth
- Online Channels Continue to Gain Traction
- Surfing Apparel: Focus Grows on Surf Wear Integrated with Functionality & Fashion
- Wetsuits: Recreational & Professional Surfing to Drive Gains
- Performance Surf Wear: Poised for Growth
- Windsurfing Sustains Hold
- Kiteboarding Gains Attraction in Select Markets
- Kiteboarding Participation in the US (in Millions): (2011-2020)
- Wakeboarding Gains Interest as an Extreme Sport
- Manufacturers Target Ski & Snowboard Market with New Gear Options
- Splitboarding Gains Popularity
- Ski Resorts & Snowboard Businesses Feel Heat from Global Warming & Climate Change
- Adapting to Change
- Sustainability Concept Becomes More Audible in Surfboard & Snowboard Space
- Snowboard Makers Eye on Sustainability
- Backcountry Skiing and Snowboarding Gains Interest
- Demographics of Winter Sports
- Advanced Technology, and Performance Apparel Spearhead Market Growth
- Snowboarding Fashion: Plethora of Fresh Styles Hitting Retail Stores
- Technology Paves the Way for Unique and Sophisticated Products
- Skateboards Targeted at Women Offer Significant Growth Opportunities
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/6e43lz
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
