The global surfboard market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The market is characterized by the presence of numerous large, small, and medium-sized manufacturers. Most of the large and established players have extensive sales and distribution networks globally, whereas most small players are concentrated in the regional markets. Vendors compete based on parameters such as price, quality, technology, brand identity, and distribution. Technavio identifies Beachbeat Surfboards, Channel Island Surfboards, Firewire Ltd., Global Surf Industries, Hobie Cat Co., Infinity SUP, NSP Surfboards, Quiksilver Inc., Rusty Surfboards Inc., and XANADU SURF DESIGNS as some of the major market participants.
The rising educational surfing courses will offer immense growth opportunities. However, the increasing adoption of do-it-yourself (DIY) surfboards will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
View Sample Report Now for additional highlights on the vendor landscape.
Surfboard Market 2021-2025: Segmentation
Surfboard Market is segmented as below:
- Product
- Shortboards
- Longboards
- Others
- End-user
- Recreational Users
- Professional Users
- Distribution Channel
- Specialty Stores
- Hypermarkets And Supermarkets
- Online Retail
- Others
- Geography
- North America
- Europe
- APAC
- South America
- MEA
By product, the market will observe significant growth in the shortboards segment. Shortboards are customizable and are good for surfers of all skill levels. In addition, the increasing number of product launches is contributing to the growth of the segment.
Based on the end-users, recreational users are exhibiting high demand for surfboards. Similarly, in terms of distribution channel, the specialty stores segment will account for maximum sales of surfboards during the forecast period.
About 31% of the market's growth is expected to originate from North America. The increasing popularity of various watersports in the US and the growth of inbound tourism are contributing to the growth of the regional market. The US is the key market for surfboards in North America.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our surfboard market report covers the following areas:
Surfboard Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the surfboard market. Backed with competitive intelligence and benchmarking, our research report on the surfboard market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Surfboard Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist surfboard market growth during the next five years
- Estimation of the surfboard market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the surfboard market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of surfboard market vendors
Related Reports:
Kiteboarding Equipment Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025
Canoeing and Kayaking Equipment Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025
Surfboard Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7% |
Market growth 2021-2025 |
USD 2.72 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.23 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 31% |
Key consumer countries |
US, Australia, Brazil, France, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Beachbeat Surfboards, Channel Island Surfboards, Firewire Ltd., Global Surf Industries, Hobie Cat Co., Infinity SUP, NSP Surfboards, Quiksilver Inc., Rusty Surfboards Inc., and XANADU SURF DESIGNS |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table Of Contents :
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Shortboards - Market size and forecast 2020-2025
- Longboards - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Recreational users - Market size and forecast 2020-2025
- Professional users - Market size and forecast 2020-2025
- Market opportunity by End-user
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Specialty stores - Market size and forecast 2020-2025
- Hypermarkets and supermarkets - Market size and forecast 2020-2025
- Online retail - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Distribution channel
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Industry risks
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Beachbeat Surfboards
- Channel Island Surfboards
- Firewire Ltd.
- Global Surf Industries
- Hobie Cat Co.
- Infinity SUP
- NSP Surfboards
- Quiksilver Inc.
- Rusty Surfboards Inc.
- XANADU SURF DESIGNS
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article