The surge in recreational activity and adventure sports is supporting the popularity of watersports like surfing. Approximately 23 million people globally participate in surfing sports, with 14.9% being female participants. In the USA, about 3.72 million participated in surfing in 2019.
Increasing disposable incomes and rising spending on recreational activities add to the demand for watersports and associated gears. The growing number of surfing competitions and events around the world supports the demand for surfing equipment. To meet this rising demand, manufacturers are creating surfing equipment by expanding research and development efforts aimed at product improvements. Innovations include improvements in design and new material choices for making surfing boards.
North America and Europe are the leading contributors to the surfing equipment market. Factors such as the increasing establishment of recreational clubs and rising consumer interest in recreational activities and outdoor sports have made surfing a well-desired sport.
In January 2024, Firewire Surfboards launched Firewire Fleets surfboards, a premium surfboard rental programme. The programme offers a full range of surf gear at a fraction of the cost, with the moto of travelling hassle-free, and gives options to try various models of surfing equipment.
In January 2024, Coco Ho launched women's specific surfboard brand XO COCO. XO COCO is a collaboration between professional surfer Coco Ho and shaper Matt Parker, with a focus on creating surfboard label specifically for women and to mee their needs.
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Market Breakup by Product, Distribution Channel, and Region:
- The market is segmented based on product into surfboards, apparel, accessories, and others.
- Based on distribution channel, the market can be divided into online and offline segments.
- Region-wise, the global market for surfing equipment can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key Findings of the Report:
- The surfing equipment market is being driven by the growing popularity of adventure sports and recreational activities. The surge in interest in water sports, surfing in particular, among adventure enthusiasts adds to the demand for and sales of surfing equipment, such as surfboards, accessories, and apparel.
- The rising disposable income, coupled with the shift in consumer leisure spending patterns is supporting the market for watersports.
- The development of the tourism sector and the promotion of surfing as an adventure sport for tourists especially in coastal areas are leading to an increased demand for surfing equipment.
Key Offerings of the Report:
- The EMR report gives an overview of the global market for surfing equipment for the periods (2018-2023) and (2024-2032).
- The report also offers historical (2018-2023) and forecast (2024-2032) market information for the product, distribution channel, and major regions of surfing equipment market.
- The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.
The major players in the surfing equipment market are Boardriders, Inc., NIKE, Inc., Rusty Surfboards, Inc., Firewire Surfboards, LLC, Agit Global, Inc, Cobra International Co., Ltd, Huizhou Xinyitong Sports Equipment Co. LTD, Tahe Outdoors, and Simon Anderson Surfboards, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Key Highlights of the Report
| REPORT FEATURES |
DETAILS |
| Base Year |
2023 |
| Historical Period |
2018-2023 |
| Forecast Period |
2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
- Product
- Distribution Channel
- Region
|
| Breakup by Product |
- Surfboards
- Apparel
- Accessories
- Others
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
|
| Market Dynamics |
- SWOT Analysis
- Porter's Five Forces Analysis
- Key Indicators for Demand
- Key Indicators for Price
|
| Competitive Landscape |
- Market Structure
- Company Profiles
- Company Overview
- Product Portfolio
- Demographic Reach and Achievements
- Certifications
|
| Companies Covered |
- Boardriders, Inc.
- NIKE, Inc.
- Rusty Surfboards, Inc.
- Firewire Surfboards, LLC
- Agit Global, Inc
- Cobra International Co., Ltd
- Huizhou Xinyitong Sports Equipment Co. LTD
- Tahe Outdoors
- Simon Anderson Surfboards
- Others
|
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