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Global Surfing Equipment Market Share, Analysis, Forecast: By Product: Surfboards, Apparel, Accessories, Others; By Distribution Channel: Online, Offline; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Surfing Equipment Market Outlook
The global surfing equipment market size reached a value of around USD 4.59 billion in 2023. The market is expected to grow at a CAGR of 3.60% between 2024 and 2032, reaching a value of around USD 6.34 billion by 2032.
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Key Trends in the Market
Surfing is a type of surface water sport in which the individual uses a board to ride on incoming waves in an upright position, using the force of the tide for forward movement. Surfing equipment refers to the different accessories and items that are used during surfing, and can include surfboards, wetsuits, and goggles. A popular hobby, surfing is also considered to be a sport. Surfing equipment is designed to promote safety and comfort of surfers while helping them manoeuvre in the water.
- The popularity of surfing as a sport is rising, which in turn is increasing the surfing equipment market share. An increasing number of surfing competitions and professional surfers are augmenting surfing as a sport, resulting in an increased demand for surfing equipment.
- The surge in interest in water sports in general, and surfing in particular, among adventure enthusiasts, particularly millennials, are surging the demand and sales of surfing equipment, such as gear, surfboards, accessories, and apparel. One of the significant surfing equipment market trends is the rising popularity of personalised equipment.
- Expansion of the tourism sector and promotion of surfing for tourists is leading to an enhanced demand for surfing equipment. In many coastal regions, surfing is promoted through local classes, stores for surfing equipment, and recommendations for products.
- Surfing equipment are constructed specifically from specialised materials to resist the current. Manufacturers are being encouraged to create improved surfing equipment by expanding research and development efforts for product improvements.
Global Surfing Equipment Market Analysis
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Based on product, the market is divided into surfboards, apparel, and accessories, among others. The market on the basis of distribution channel is bifurcated into online and offline. The regional markets for surfing equipment can be segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global surfing equipment market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- 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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Market Share by Product
Among the various products of surfing equipment, surfboards have held the biggest market share in the historical period and are anticipated to continue to dominate in the years to come. Surfing boards come in many different varieties and are sold in markets all over the world with manufacturers concentrating on offering cutting-edge and safe surf boards that meet the unique needs of consumers. While surfing can be done without other products such as apparel and accessories, surfboards are essential. The demand for surfboards and the surfing equipment market growth is expanding as a result of increasing surfing participation, expanding surf tourism, rising disposable income levels, and consumer preference for multiple surfboards in different styles and designs. Professional surfers tend to favour shortboards, a type of surfboards because of their performance and flexibility.
Market Share by Region
North America accounts for a significant share of the market due to the rising popularity of surfing among adventure seekers. The United States has a massive surfing market which is supported by its extensive coastline and beaches. The United States is also a well-known tourist destination for surfing and other water sports because of its long coastlines, widespread availability of leisure activities, and various surfing competitions.
Over the forecast period, the surfing equipment market in the Asia Pacific is anticipated to develop at a fast CAGR. The regional market is anticipated to be driven by the rising interest in surfing and other adventure sports among young people, adventure enthusiasts, and tourists in nations like Maldives, Cambodia, Japan, Indonesia, Thailand, and Vietnam.
Competitive Landscape
Boardriders, Inc., with its headquarters in California in the United States is a world leading action sports and lifestyle company. It designs, produces, and sells branded apparel, accessories, and footwear for board riders all around the world. The company's products are sold in a variety of markets, including surf, skate, and snow shops, as well as its own Boardriders stores and other retail locations, some department stores, and e-commerce platforms.
Cobra International Co., Ltd., a composites producer with headquarters in Thailand and a focus on the water sports industry, was established in 1978. Leading the way in the production of top-notch composite products, Cobra is known for its high-end wind, SUP, kite, and surf boards. It has broadened its portfolio to include a variety of goods and accessories for other leisure sports markets as well as the automotive, architectural, transport, maritime, and luxury accessories industries by using its technology and expertise in fibre-reinforced composites.
Tahe Outdoors, established in 1989, is a pioneering European water sports firm which provides paddlers all over the world with cutting-edge products. Recording rapid growth in Europe, Tahe Outdoors has numerous well-known brands for its varied product lines, including paddle sports, windsurf, surf, and kitesurf operations. The company has production facilities in Germany, France, and Estonia.
Other market players include NIKE, Inc., Rusty Surfboards, Inc., Firewire Surfboards, LLC, Agit Global, Inc, Huizhou Xinyitong Sports Equipment Co. LTD, and Simon Anderson Surfboards, among others.
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:
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| Breakup by Product |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Surfing Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Surfing Equipment Historical Market (2018-2023)
8.3 Global Surfing Equipment Market Forecast (2024-2032)
8.4 Global Surfing Equipment Market by Product
8.4.1 Surfboards
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Apparel
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Accessories
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Surfing Equipment Market by Distribution Channel
8.5.1 Online
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Offline
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Surfing Equipment Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
9 North America Surfing Equipment Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Surfing Equipment Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Surfing Equipment Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Surfing Equipment Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Surfing Equipment Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Boardriders, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 NIKE, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Rusty Surfboards, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Firewire Surfboards, LLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Agit Global, Inc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Cobra International Co., Ltd
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Huizhou Xinyitong Sports Equipment Co. LTD
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Tahe Outdoors
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Simon Anderson Surfboards
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Surfing Equipment Market: Key Industry Highlights, 2018 and 2032
2. Global Surfing Equipment Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Surfing Equipment Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Surfing Equipment Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
5. Global Surfing Equipment Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
6. Global Surfing Equipment Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Surfing Equipment Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Surfing Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Surfing Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Surfing Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Surfing Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Surfing Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Surfing Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Surfing Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Surfing Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Surfing Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Surfing Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Surfing Equipment Market Structure
Key Questions Answered in the Report
In 2023, the global market for surfing equipment attained a value of around USD 4.59 billion.
The market is projected to grow at a CAGR of 3.60% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 6.34 billion by 2032.
The major drivers of the surfing equipment market include the growing popularity of surfing as a sport, expanding global tourism industry, and improvements in surfing equipment quality and variety.
The rising number of surfing competitions, surge in interest among adventure enthusiasts, and increasing popularity of personalised equipment are the key trends propelling the growth of the market.
The various products in the market include surfboards, apparel, and accessories, among others.
The primary distribution channels of the market are online and offline.
The major players in the 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.
Every surf break creates a distinct style of wave with its own special qualities and elements that affect how the wave breaks along the shoreline. The primary types of surf breaks are reef breaks, point breaks, and beach breakers.
For beginners, foam surfboards are considered to be a suitable option as catching waves and standing up are made easier by the stability and ease of paddling with foam surfboards.
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