Market Overview:
The global surfboard 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 an increase in the number of surfers, rising disposable income, and growing awareness about surfing and its health benefits. The polyurethane (P.U.) boards segment is expected to dominate the global surfboard market during the forecast period owing to their high durability and strength as compared to other types of boards available in the market. The balsa boards segment is projected to grow at a higher CAGR than other board types during the forecast period due their light weight which makes them easy for transportation and handling. In terms of applications, entertainment accounted for majority share of revenue generated by surfboards globally in 2017; this trend is anticipated continue throughoutthe forecast period owingto increasing popularity off surfing as a recreational activity among people across different age groups .
Product Definition:
A surfboard is a board used in surfing. The importance of a surfboard is that it provides the surfer with buoyancy, stability, and speed.
Polyurethane (P.U.) Boards:
PU (Polyurethane) boards are the most commonly used material for surfing. They have a lower density than wood and are lightweight, durable & flexible, corrosion-resistant & waterproof and can be made into any shape. PU is also 100% recyclable which makes it an eco-friendly product to use in the surfboard industry.
The global polyurethane boards market size was valued at USD 585 million in 2015.
Balsa Boards:
Balsa wood is a very light and soft wood, which comes from the tree species known as the Balsam Fir. It has high strength and durability along with being lightweight. These properties make it suitable for use in making surfboards, oars, canoes & kayaks among other marine products such as boat hulls & decking planks.
Application Insights:
Entertainment was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The segment is driven by rising demand for surfing movies, television programs and other forms of media that promote the sport as a recreational activity among youth. Moreover, this leisurely activity has become popular among all age groups across genders owing to its easy accessibility and low cost involved in learning how to surf.
The sport competition application segment held a significant share of more than 25% in 2017 owing to increasing participation levels at various international events such as Pipeline Masters Pro Tour stopover event held at Pipe Masters reef break located off Maui, Hawaii every year since 2014.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to increasing popularity of surfing as a recreational activity and an increase in awareness regarding health benefits associated with this sport. In addition, presence of long coastlines and high adoption rate for water sports activities are anticipated to boost the regional product demand in near future.
Asia Pacific is estimated to be one of the fastest-growing regions from 2018 to 2030 due its large population base.
Growth Factors:
- Increasing popularity of surfing as a recreational activity
- Rising disposable income of the population, especially in developed countries
- Growing demand for eco-friendly and sustainable surfboards
- Proliferation of online retail platforms that offer discounts on surfboards and related gear
- Introduction of innovative technologies in the manufacture of surfboards
Scope Of The Report
Report Attributes
Report Details
Report Title
Surfboard Market Research Report
By Type
Polyurethane (P.U.) Boards, Balsa Boards, Hollow Wooden Boards, Other
By Application
Entertainment, Sport Competition, Other
By Companies
Quiksilver, Hobie, Rusty Surfboards, Xanadu Surfboards, Haydenshapes, boardworks Surf, Firewire Surfboards, Surftech, McTavish Surfboards, Keeper Sports, True North Gear
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Surfboard Market Report Segments:
The global Surfboard market is segmented on the basis of:
Types
Polyurethane (P.U.) Boards, Balsa Boards, Hollow Wooden Boards, Other
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
Entertainment, Sport Competition, Other
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:
- Quiksilver
- Hobie
- Rusty Surfboards
- Xanadu Surfboards
- Haydenshapes
- boardworks Surf
- Firewire Surfboards
- Surftech
- McTavish Surfboards
- Keeper Sports
- True North Gear
Highlights of The Surfboard 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 (P.U.) Boards
- Balsa Boards
- Hollow Wooden Boards
- Other
- By Application:
- Entertainment
- Sport Competition
- Other
- 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 Surfboard 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
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- 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?
Surfboard is a type of surfboard that is designed to be ridden in waves.
Some of the major companies in the surfboard market are Quiksilver, Hobie, Rusty Surfboards, Xanadu Surfboards, Haydenshapes, boardworks Surf, Firewire Surfboards, Surftech, McTavish Surfboards, Keeper Sports, True North Gear.
The surfboard market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Surfboard Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Surfboard Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Surfboard Market - Supply Chain
4.5. Global Surfboard Market Forecast
4.5.1. Surfboard Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Surfboard Market Size (000 Units) and Y-o-Y Growth
4.5.3. Surfboard Market Absolute $ Opportunity
5. Global Surfboard Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Surfboard Market Size and Volume Forecast by Type
5.3.1. Polyurethane (P.U.) Boards
5.3.2. Balsa Boards
5.3.3. Hollow Wooden Boards
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Surfboard Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Surfboard Market Size and Volume Forecast by Application
6.3.1. Entertainment
6.3.2. Sport Competition
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Surfboard Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Surfboard Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Surfboard Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Surfboard Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Surfboard Demand Share Forecast, 2019-2026
9. North America Surfboard Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Surfboard Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Surfboard Market Size and Volume Forecast by Application
9.4.1. Entertainment
9.4.2. Sport Competition
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Surfboard Market Size and Volume Forecast by Type
9.7.1. Polyurethane (P.U.) Boards
9.7.2. Balsa Boards
9.7.3. Hollow Wooden Boards
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Surfboard Demand Share Forecast, 2019-2026
10. Latin America Surfboard Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Surfboard Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Surfboard Market Size and Volume Forecast by Application
10.4.1. Entertainment
10.4.2. Sport Competition
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Surfboard Market Size and Volume Forecast by Type
10.7.1. Polyurethane (P.U.) Boards
10.7.2. Balsa Boards
10.7.3. Hollow Wooden Boards
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Surfboard Demand Share Forecast, 2019-2026
11. Europe Surfboard Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Surfboard Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Surfboard Market Size and Volume Forecast by Application
11.4.1. Entertainment
11.4.2. Sport Competition
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Surfboard Market Size and Volume Forecast by Type
11.7.1. Polyurethane (P.U.) Boards
11.7.2. Balsa Boards
11.7.3. Hollow Wooden Boards
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potental Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Surfboard Demand Share, 2019-2026
12. Asia Pacific Surfboard Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Surfboard Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Surfboard Market Size and Volume Forecast by Application
12.4.1. Entertainment
12.4.2. Sport Competition
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Surfboard Market Size and Volume Forecast by Type
12.7.1. Polyurethane (P.U.) Boards
12.7.2. Balsa Boards
12.7.3. Hollow Wooden Boards
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Surfboard Demand Share, 2019-2026
13. Middle East & Africa Surfboard Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Surfboard Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Surfboard Market Size and Volume Forecast by Application
13.4.1. Entertainment
13.4.2. Sport Competition
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Surfboard Market Size and Volume Forecast by Type
13.7.1. Polyurethane (P.U.) Boards
13.7.2. Balsa Boards
13.7.3. Hollow Wooden Boards
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Surfboard Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Surfboard Market: Market Share Analysis
14.2. Surfboard Distributors and Customers
14.3. Surfboard Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Quiksilver
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hobie
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rusty Surfboards
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Xanadu Surfboards
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Haydenshapes
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. boardworks Surf
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Firewire Surfboards
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Surftech
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. McTavish Surfboards
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Keeper Sports
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. True North Gear
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
