Market Overview:
The global funboard market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing popularity of surfing and windsurfing, rising disposable income, and growing awareness about health and fitness. The global funboard market is segmented on the basis of type into polyurethane boards, balsa boards, hollow wooden boards, and others. Polyurethane boards are expected to account for a major share of the global funboard market in terms of revenue due to their high durability and strength. Balsa boards are also gaining popularity among consumers due to their light weight and easy maneuverability. On the basis of application, the global funboard market is segmented into online sales and offline sales. Offline sales are further sub-segmented into specialty stores, department stores, sporting goods stores, hypermarkets/supermarkets ,and others). Online sales are expected to grow at a higher rate than offline sales during the forecast period owing to increased penetration of internet users globally coupled with rising demand for convenience products .
Product Definition:
A funboard is a type of surfboard that is designed for both surfing and bodyboarding.
Polyurethane Boards:
PU (Polyurethane) boards are polymeric composite material, which is manufactured by the reaction of polyols and TDI (DICHLORO-DIFLUOROMETHANE). It has high compressive strength, flexural modulus, low thermal expansion coefficient and good electrical resistance. PU boards have applications in various end-use industries such as construction & building; transportation; furniture & bedding; packaging & consumer goods.
Balsa Boards:
Balsa wood is a very light and soft wood, which has high dimensional stability. It can be used in the manufacturing of lightweight and inexpensive furniture, toys, etc. The balsa wood consists of tracheids (thin fibers that carry tannins), rays (longer fibers running parallel to the grain), and endosperm (a mass of nutritive material surrounding a seed).
Application Insights:
The online sales segment dominated the global funboard market, accounting for a revenue share of over 60% in 2017. The growth can be attributed to the easy availability of products on e-commerce platforms and growing preference for electronic gadgets among consumers globally. Moreover, companies are investing heavily in marketing campaigns through TV ads and radio jingles to promote their products among consumers who have yet to make a purchase decision.
Offline sales accounted for a significant share owing to high product penetration across retail stores worldwide coupled with rising consumer awareness about brands due to increased spending power of consumers globally. Consumers prefer buying funboards from physical retail stores as they get personal assistance while purchasing such boards which is likely to boost the demand across offline channels over the forecast period.
Online retailers are providing various benefits including cash on delivery, returns.
Regional Analysis:
Asia Pacific dominated the global funboard market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for sports goods and related activities, especially in developing countries such as China, India, Thailand and Indonesia. Moreover, rising popularity of windsurfing as a recreational activity is also expected to drive regional product demand over the forecast period.
North America accounted for a significant share of revenue in 2017 owing to growing awareness about windsurfing & water-skiing activities among people living in U.S., Canada and Mexico. In addition, presence of major manufacturers including boardsports LLC; Roxyland Corporation; O'Neill Inc.; Hurley International LLC; and Active Aqua Technologies Inc., provides opportunity for market vendors across this region. However North America has lower penetration compared with Europe due to high cost associated with these products which makes it less popular among consumers despite availability of low priced models within this region (Offline).
Growth Factors:
- Increasing demand for recreational activities and sports
- Growing popularity of surfing as a sport
- Rising disposable income of consumers in developing countries
- Proliferation of online platforms for booking surf lessons and equipment rentals
- Development of innovative products that cater to the needs of different types of surfers
Scope Of The Report
Report Attributes
Report Details
Report Title
Funboard Market Research Report
By Type
Polyurethane Boards, Balsa Boards, Hollow Wooden Boards, Others
By Application
Online Sales, Offline Sales
By Companies
Hobie, Rusty Surfboards, Xanadu Surfboards, Boardworks Surf, Firewire Surfboards, Surftech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Funboard Market Report Segments:
The global Funboard market is segmented on the basis of:
Types
Polyurethane Boards, Balsa Boards, Hollow Wooden Boards, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Sales, Offline Sales
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hobie
- Rusty Surfboards
- Xanadu Surfboards
- Boardworks Surf
- Firewire Surfboards
- Surftech
Highlights of The Funboard Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polyurethane Boards
- Balsa Boards
- Hollow Wooden Boards
- Others
- By Application:
- Online Sales
- Offline Sales
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Funboard Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Funboard is a social networking site that allows users to create and share their own content. Funboard also offers a variety of features, including the ability to connect with friends, join groups, and post messages.
Some of the major companies in the funboard market are Hobie, Rusty Surfboards, Xanadu Surfboards, Boardworks Surf, Firewire Surfboards, Surftech.
The funboard market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Funboard Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Funboard Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Funboard Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Funboard Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Funboard Market Size & Forecast, 2018-2028
4.5.1 Funboard Market Size and Y-o-Y Growth
4.5.2 Funboard Market Absolute $ Opportunity
Chapter 5 Global Funboard Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Funboard Market Size Forecast by Type
5.2.1 Polyurethane Boards
5.2.2 Balsa Boards
5.2.3 Hollow Wooden Boards
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Funboard Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Funboard Market Size Forecast by Applications
6.2.1 Online Sales
6.2.2 Offline Sales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Funboard Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Funboard Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Funboard Analysis and Forecast
9.1 Introduction
9.2 North America Funboard Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Funboard Market Size Forecast by Type
9.6.1 Polyurethane Boards
9.6.2 Balsa Boards
9.6.3 Hollow Wooden Boards
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Funboard Market Size Forecast by Applications
9.10.1 Online Sales
9.10.2 Offline Sales
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Funboard Analysis and Forecast
10.1 Introduction
10.2 Europe Funboard Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Funboard Market Size Forecast by Type
10.6.1 Polyurethane Boards
10.6.2 Balsa Boards
10.6.3 Hollow Wooden Boards
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Funboard Market Size Forecast by Applications
10.10.1 Online Sales
10.10.2 Offline Sales
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Funboard Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Funboard Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Funboard Market Size Forecast by Type
11.6.1 Polyurethane Boards
11.6.2 Balsa Boards
11.6.3 Hollow Wooden Boards
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Funboard Market Size Forecast by Applications
11.10.1 Online Sales
11.10.2 Offline Sales
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Funboard Analysis and Forecast
12.1 Introduction
12.2 Latin America Funboard Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Funboard Market Size Forecast by Type
12.6.1 Polyurethane Boards
12.6.2 Balsa Boards
12.6.3 Hollow Wooden Boards
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Funboard Market Size Forecast by Applications
12.10.1 Online Sales
12.10.2 Offline Sales
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Funboard Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Funboard Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Funboard Market Size Forecast by Type
13.6.1 Polyurethane Boards
13.6.2 Balsa Boards
13.6.3 Hollow Wooden Boards
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Funboard Market Size Forecast by Applications
13.10.1 Online Sales
13.10.2 Offline Sales
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Funboard Market: Competitive Dashboard
14.2 Global Funboard Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hobie
14.3.2 Rusty Surfboards
14.3.3 Xanadu Surfboards
14.3.4 Boardworks Surf
14.3.5 Firewire Surfboards
14.3.6 Surftech
