$20+ Billion Board Sports Market 2022-2027 - Global Market Trajectory & Analytics Report - Featuring Players Billabong International, K2 Snowboarding, Mervin Manufacturing & O`Neill Among Others

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May 23, 2022, 09:45 ET

DUBLIN, May 23, 2022 /PRNewswire/ -- The "Board Sports - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Board Sports Market to Reach US$29 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Board Sports estimated at US$19.9 Billion in the year 2020, is projected to reach a revised size of US$29 Billion by 2027, growing at a CAGR of 5.5% over the period 2020-2027. Summer Boardsports, one of the segments analyzed in the report, is projected to grow at a 5.9% CAGR to reach US$26.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Snowboarding segment is readjusted to a revised 1.4% CAGR for the next 7-year period. This segment currently accounts for a 9.5% share of the global Board Sports market.

The U.S. Accounts for Over 49.3% of the Global Market Size in 2020, While China is Forecast to Grow at a 6.2% CAGR for the Period of 2020-2027

The Board Sports market in the U.S. is estimated at US$9.8 Billion in the year 2020. The country currently accounts for a 49.3% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$1.6 Billion in the year 2027 trailing a CAGR of 6.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR while the Rest of the European market (as defined in the study) will reach US$1.6 Billion by the year 2027.

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
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
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
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
Recent Market Activity
World Brands

2. FOCUS ON SELECT PLAYERS

adidas AG
Aloha Boardsports, Inc.
Billabong International Limited
Boardriders Inc.
Body Glove International, LLC
Burton Snowboards
Capita
Globe International Ltd.
Gul Watersports Ltd.
Hurley International
K2 Snowboarding
Mervin Manufacturing
Meta-Sports CO Ltd.
Never Summer Industries
Nike Skateboarding
Nitro USA, Inc.
O`Neill, Inc.
Rip Curl, Inc.
Volcom, Inc.

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
Women & Girls: The New Wave of Surfers
Industry Witnesses Change in Average Age of Surfers
Key Technological Advances 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 Smartphones
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
E-foil Technology
New Range of Brigade Surfing Boards with LED Lights Takes Surfing Experience to New Levels
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 Present Long-term Growth Prospects
Artificial Wave Pools and Surf Parks Bring Surfing to Landlocked Areas: Potential for Surf Apparel and Gear
Surfing for Health and Wellness: 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
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 Hit Retail Stores
Technology Paves the Way for Unique and Sophisticated Products
Skateboards Targeted at Women Offer Significant Growth Opportunities