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April 6, 2023 (The Expresswire) --The latest market research report on the "Surfboards and equipment market" is segmented by regions, countries, companies, and other segments. The global surfboards and equipment market is dominated by major players such as[Billabong International, Mick Fanning Softboards, BIC Sport, Quiksilver, Body Glove International, Rip Curl, Lost Surfboards, O'Neill, Aloha, Channel Islands, Nike, Inc., NSP Surfboards, Gul Watersports, CANNIBAL SURFBOARDS, Hurley International, Firewire Tablas de surf, LLC, JS Industries, Hayden Shapes]these players adopted various strategies to increase their market penetration and strengthen their position in the sector. Interested parties and other participants in the global Surfboards and Equipment market will be able to gain an advantage by using the report as a powerful resource for their business needs.
– What is the growth of the Surfboard and Surf Equipment market?
The surfboard and surf equipment market size is projected to reach multi-billion USD by 2031, compared to 2023, at an unexpected CAGR over the forecast period 2023-2031.
Explore detailed TOC, charts and figures with charts spread over 121 pages providing exclusive data, perspectives, vital statistics, trends and details of the competitive landscape in this niche industry.
non-client focus 1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the surfboard and surf equipment market?
The final report will add an analysis of the impact of the Russia-Ukraine War and COVID-19 on this surfboard and surf equipment industry.
This research report is the result of an extensive primary and secondary research effort into the surfboard and surfboard equipment market. It provides a comprehensive overview of current and future market objectives, along with competitive industry analysis broken down by application, type, and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyzes are used in the research to ensure accurate and comprehensive information about the surfboard and surf equipment market.
Which are the key factors driving the Surfboard and Surf Equipment market?
growing demand for[Surfboards, wetsuit, other equipment]worldwide had a direct impact on the growth of the surfboard and surf equipment market
The segments and subsections of the surfboard and surf equipment market are illustrated below:
According to the types of products, the market is classified into[Surfboards, wetsuit, other equipment]which held the largest market share for surfboards and surf equipment in 2022.
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Surfboards and Surfing Equipment Market – Competitive and Segmentation Analysis:
2. How do you determine the list of key stakeholders included in the report?
In order to clearly reveal the competitive situation of the industry, we take a concrete look at not only the leading companies that have a voice on a global scale, but also the regional small and medium-sized companies that play important roles and have a lot of growth. potential.
Brief description of the market for surfboards and surf equipment:
The global surfboard and surf equipment market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2031. In 2021, the market is growing steadily and with increasing adoption of strategies by the main actors. it is expected to increase over the projected horizon.
North America, especially the United States, will continue to play an important role that cannot be ignored. Any changes from the United States may affect the development trend of surfboards and surf equipment. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of major players in this region are likely to create ample growth opportunities for the market.
Europe also plays an important role in the global market, with magnificent growth in CAGR over the forecast period 2022-2029.
The surfboard and surf equipment market size is projected to reach multi-million USD by 2029, compared to 2022, at an unexpected CAGR during 2022-2029.
Despite the presence of intense competition, as the global recovery trend is clear, investors are still optimistic about this area, and there will still be more new investment entering the field in the future.
This report focuses on Surfboards and Surfboard Equipment in the global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type, and application.
The report focuses on the Surfboards and Equipment market size, segment size (mainly covering product type, application, and geography), competition landscape, recent status, and development trends. . Additionally, the report provides detailed supply chain and cost analysis.
Innovation and technological advancement will further optimize the performance of the product, making it more widely used in downstream applications. In addition, the analysis of consumer behavior and market dynamics (drivers, restraints, opportunities) provide crucial information to understand the surfboards and surf equipment market.
Get a sample copy of the 2023 Surfboards and Equipment report
3.What are your main sources of data?Both primary and secondary data sources are used during report compilation.
Primary sources include extensive interviews with key thought leaders and industry experts (such as experienced frontline employees, directors, CEOs, and marketing executives), downstream distributors, and end users. Secondary sources include researching the annual and financial reports of major companies, public records, new newspapers, etc. We also cooperate with some third party databases.
Geographically, the chapters cover the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2017-2027) of the following regions:
● North America (United States, Canada and Mexico)
● Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
● Asia Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, the Philippines, Malaysia, and Vietnam)
● South America (Brazil, Argentina, Colombia, etc.)
● Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)
This Surfboards And Equipment Market Research/Analysis Report Contains Answers To Your Following Questions
● What are the global trends in the surfboard and surf equipment market? Would the market witness a rise or fall in demand in the coming years?
● What is the estimated demand for the different types of products in surfboards and surf equipment? What are the upcoming applications and market trends for the Surfboard and Surf Equipment Market?
● What are the projections of the global surfboards and equipment industry taking into account capacity, production and production value? What will be the estimated cost and profit? What will be the market share, supply and consumption? What about import and export?
● Where will strategic developments lead the industry in the medium and long term?
● What are the factors that contribute to the final price of the surfboard and equipment? What are the raw materials used in the manufacture of surf boards and equipment?
● How big is the market opportunity for surfboards and equipment? How will the increasing adoption of surfboards and mining equipment affect the overall growth rate of the market?
● How much is the global Surfboards and equipment market worth? What was the market value in 2020?
● Who are the main vendors in the surfboard and surf equipment market? Which companies are the pioneers?
● What are the recent industry trends that can be implemented to generate additional revenue streams?
● What should be the entry strategies, countermeasures to economic impact, and marketing channels for the surfboard and surf equipment industry?
Report customization
Can I modify the scope of the report and customize it according to my needs?
Si. Multi-dimensional, deep-level, high-quality customized requirements can help our customers accurately seize market opportunities, effortlessly meet market challenges, formulate market strategies properly, and act promptly, to gain enough time and space for competition in the market.
Learn more and share questions, if any, prior to purchase in this report at:https://www.360researchreports.com/enquiry/pre-order-enquiry/20388014
Detailed TOC of Global Surfboards and Surf Equipment Market and Forecast to 2031
main index points
Global Surfboards and Surfing Equipment Market Research Report 2023-2031 by Manufacturers, Regions, Types and Applications
1. Introduction
1.1 Purpose of the study
1.2 Market definition
1.3 Scope of the market
1.3.1 Market Segment by Type, Application and Marketing Channel
1.3.2 Main regions covered (North America, Europe, Asia Pacific, Middle East and Africa)
1.4 years considered for the study (2015-2031)
1.5 Currency considered (US dollar)
1.6 Interested parties
2 Main conclusions of the study
3 Market dynamics
3.1 Drivers of this market
3.2 Challenging factors of the market
3.3 Global Surfboards and Equipment Market Opportunities (Regions, Downstream Growth/Emerging Markets Analysis)
3.4 Technological and market evolution in the surfboard and equipment market
3.5 Industry News by Region
3.6 Regulatory Scenario by Region/Country
3.7 Strategic Recommendations Market Investment Scenario Analysis
4 Surfboards and Equipment Market Value Chain
4.1 Situation of the Value Chain
4.2 Upstream Raw Materials Analysis
4.3 Analysis of the main intermediary companies (by manufacturing base, by product type)
4.4 Distributors/Traders
4.5 Analysis of Major Downstream Customers (by Region)
5 Global Surfboards and Surfing Equipment Market Segmentation by Type
6 Global Surfboards and Surfing Equipment Market Segmentation by Application
7 Global Surfboards and Equipment Market Segmentation by Marketing Channels
7.1 Traditional Marketing Channel (Offline)
7.2 Online channel
8 Competitive Intelligence Company Profiles
9 Geographical Segmentation of Global Surfboards and Surfing Equipment Market
9.1 North America
9.2 Europa
9.3 Asia-Pacific
9.4 Latin America
9.5 Middle East and Africa
10 Future Predictions of the Global Surfboards and Equipment Market from 2023-2031
10.1 Future Surfboards and Equipment Market Forecast from 2023 to 2031, Segment by Region
10.2 Global Surfboards and Equipment Production and Growth Rate Forecast by Type (2023-2031)
10.3 Global Surfboards and Equipment Consumption and Growth Rate by Application (2023-2031)
11 Appendix
11.1 Methodology
12.2 Source of research data
Continuo….
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To view the original version on The Express Wire, visitFacts and figures of the surfboards and equipment market until 2031
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FAQs
What is the surfboard market forecast? ›
The global surfboard market was valued at about USD 2.65 billion in 2021 and is expected to reach about USD 3.8 billion by 2030, expanding at a CAGR (compound annual growth rate) of roughly 7.8% from 2022 to 2030, as reported by Facts and Factors.
How much is surfing industry worth? ›...
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 3.97 billion |
| Revenue forecast in 2028 | USD 5.47 billion |
| Growth rate | CAGR of 4.4% from 2021 to 2028 |
| Base year for estimation | 2020 |
As you can imagine, between material shortages and inflation, the price of raw goods has been rising, which is making surfboard construction more expensive. This holds true across the industry, so it's only normal to see rising prices in finished surfboards from a number of different brands.
How many surfboards are sold each year in the US? ›HOW MANY SURFBOARDS GET SOLD EACH YEAR? 400,000 surfboards are sold annually in the US for a total of $220 million to $400 million, and 13 to 24 million surfboards are sold annually globally for a total of $13.2 billion.
How many surfboards are sold every year? ›Annually, 13-24 million surfboards are sold globally for $13.2 billion, with the U.S. contributing up to $400 million in sales.
Is the sport of surfing growing? ›The popularity of surfing has grown significantly in recent years, especially in the United States. According to a study published by the Sports & Fitness Industry Association (SFIA), the number of surfers has increased by more than 35% in less than a decade.
Is surfing a billion dollar industry? ›The global surfing industry has an estimated worth of $10.52 billion. This statistic is a testament to the immense size and scope of the global surfing industry. It highlights the fact that surfing is a major economic force, with an estimated worth of over 10 billion dollars.
What is the profit margin on a surfboard? ›The gross margins for your surfboard business are typically around 45%, which can make it more challenging to incur new expenses and maintain profitability. In the surfboard business, employee turnover is often high, which can be quite costly and time consuming for your business.
How much is a really good surfboard? ›The price of the board is of course going to depend on the quality of the board, but in general most soft top surfboards fall within the $200-$500 range, and most poly or epoxy boards are in the $500-$1000 range.
How much do surfboard manufacturers make? ›The salaries of Surfboard Makers in the US range from $18,780 to $82,724 , with a median salary of $49,960 . The middle 50% of Surfboard Makers makes between $49,960 and $60,582, with the top 83% making $82,724.
What is the surfboard capital of the world? ›
Honolulu is not just the cradle of surfing-civilization, the city's downtown is a major portal for International business and a world financial center.
How fast is surfing growing? ›According to a study published by the Sports & Fitness Industry Association (SFIA), the number of surfers has increased by more than 35% in less than a decade. The survey also found that surfers live all across the country, even in landlocked states far from the coasts.
What state has the most surfing? ›California is the US state with the most surfing locations, with 403 surf spots in total. This is perhaps unsurprising; the Golden State is well known for its surfing tradition, and the International Surfing Association has its headquarters there.
Is surf forecast reliable? ›The surf report is an accurate and reliable forecast tool for surfers, kitesurfers, windsurfers, and bodyboarders.
What will surfing be like in the future? ›Artificial waves could bring surfing to landlocked people and allow them to experience what it's like to be on a wave. Even though surfing an artificial wave isn't the same as surfing in an ocean, more people could enjoy it and perhaps even prefer artificial over natural waves.
What does a good surf forecast look like? ›Swell size
The size of the wave, or swell height, is a measure in feet or meters. If the surf forecast says 1-3m (3-9ft), then it's usually a good time to go surfing. 3m waves are not appropriate for beginners, but experienced surfers take on waves of incredible height.
...
Tide for Lahinch, Connaught.
| Low | 12:29AM | 2.39ft |
|---|---|---|
| Low | 12:52PM | 1.67ft |
| High | 7:04PM | 12.27ft |
1. Surfline. Based in Huntington Beach, CA, Surfline is the best and most popular surf report website on the web (receives over one million visitors each month). They offer the most accurate and reliable surf reports for almost anywhere imaginable in the world.
How has surf forecasting become more accurate in the recent years? ›Wave buoys and satellites are becoming way cheaper, so there's way more of them than ever before. You used to only be able to access satellite data that would tell you the size of waves in a specific area; now there are satellites that can track the exact wave heights and periods across entire swaths of ocean.
What is CNN forecast for surf? ›Surface Oncology Inc (NASDAQ:SURF)
The 5 analysts offering 12-month price forecasts for Surface Oncology Inc have a median target of 6.00, with a high estimate of 6.00 and a low estimate of 3.00. The median estimate represents a +866.34% increase from the last price of 0.62.
What age do people usually stop surfing? ›
Just like any non-impact sport, there is no age limit for surfing. Boys and girls start surfing as early as 3 years old and famous old surfers like Woody Brown and John H. "Doc" Ball were still paddling into waves well into their late 80s.
How will climate change affect surfing? ›According to the study, 16% of the surf spots evaluated are in danger of what's called drowning, meaning the waves won't break anymore, and 18% are threatened but could adapt if natural systems of the shorelines aren't disturbed. Meanwhile, 5% could see a rise in optimal surfing conditions with rising sea levels.
What is the best month to surf? ›“In general, the best surfing conditions can be found during winter months, in each respective hemisphere, when the waves tend to get bigger and the swells are more reliable. Summer months are usually less consistent and with smaller waves,” Drughi said. The surf season can change with each location.
Is it better to surf low or high tide? ›Most surfers agree that high tide provides the best surf. However low tide might be the best time to surf if you're a beginner surfer or have never surfed before.
What is the best hour to surf? ›The morning and evening are often the best times to surf because the land is cool and the offshore wind is blowing. As the day heats up, the hot air from the land rises and the cooler air from the sea comes in underneath it, creating an onshore wind or “sea breeze”. The profile of the sea-floor is also worth knowing.
What is the Grand Marais wave forecast? ›Waves occasionally to 9 feet. TONIGHT East wind 20 to 25 knots. Gusts up to 30 knots increasing to 35 knots early in the morning. Rain likely in the evening, then rain and snow with sleet likely after midnight.
What is the forecast for the Oak Harbor wave? ›A chance of rain showers during the day. Waves 1 to 3 feet. West winds 15 to 20 knots diminishing to 10 to 15 knots. Waves 1 to 3 feet.
How big are North Shore waves today? ›Surf Conditions are 3+ ft and clean right now in North Shore Oahu.