SAN FRANCISCO, March 21, 2022 /PRNewswire/ — New market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Surfboards – Global Market Trajectory and Analysis”. The report presents new insights into the opportunities and challenges in a significantly transformed post COVID-19 market.

FACTS AT A GLANCE
What’s new for 2022?

  • Global competitiveness and percentage market shares of main competitors
  • Market presence in multiple geographies – Strong/Active/Niche/Trivial
  • Peer-to-peer collaborative online interactive updates
  • Access to our digital archives and the MarketGlass research platform
  • Free updates for one year

Editing: 8; Published: February 2022
Executive Pool: 1558
Companies: 124 – Players covered include Agit Global, Inc; Tahe outside; Blue Sea Watersports Ltd; BruSurf; Channel Islands Surfboards, Inc.; Firewire Surfboards, LLC; Global Surfing Industries; Hobie Cat Company, Inc.; Hydenformes; infinite SUP; Keeper Sports Products, LLC; McTavish surfboards; Mount Woodgee surfboards; NSP International; Rusty Surfboards Inc.; SURFTECH, LLC; Boardworks Surf & Sup; Toy Factory surfboards; natural Woodpecker surfboards; XANADU SURF DESIGNS and others.
Blanket: All major geographies and key segments
segments: Product (Shortboards, Longboards, Other Products); End use (recreational, professional)
Geographies: World; United States; Japan; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; Rest of Asia Pacific; Rest of the world.

Free Project Preview – This is an ongoing global program. Preview our research program before making a purchasing decision. We provide free access to qualified executives in strategy, business development, sales and marketing, and product management roles at featured companies. Insights provide insider access to business trends; competing brands; profiles of experts in the field; and market data models and much more. You can also create your own bespoke report using our MarketGlass™ platform which offers thousands of bytes of data with no obligation to purchase our report. Registry overview

ABSTRACT-

Global surfboard market to reach $3.1 billion by 2026
Surf tourism is affected due to travel restrictions put in place around the world as well as the closure of restaurants, hostels and hotels. regions such as Australiathe Maldives, Fiji, Franceand Hawaii, among others, are popular surfing destinations and these restrictions have impacted business in these areas. Surfers who preferred to travel during the summers to surf destinations have been affected by the closure of airports and beaches. Additionally, several international surfing events have been postponed or canceled, which further affected the market. Surf businesses are taking advantage of this break in activity to improve their offerings or design new products/solutions/experiences, to launch when business picks up. Businesses also perform preventative maintenance to keep their assets in good working order for upcoming summer events. Governments in several countries offer assistance such as tax breaks and paid assistance (for employees) to small and medium-sized businesses. Post-pandemic, wave pools should be seen by governments as essential to rebuilding the economy, as tourism and sports infrastructure contribute to economic recovery.

Amid COVID-19 crisis, Global Surfboards Market Estimated at US$2.6 billion in 2022, should reach a size of US$3.1 billion by 2026, posting a CAGR of 5.8% over the analysis period. Shortboards, one of the segments analyzed in the report, is expected to register a CAGR of 6.1% to reach a market size of approximately US$2.1 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, the growth of the longboard segment is expected to skyrocket to 5.3% CAGR for the next 7-year period. Advanced surfers mostly use shortboards because of their maneuverability and better performance. Therefore, shortboards hold a higher share than longboards.

The US market is estimated at $1.1 billion in 2022, while Asia-Pacific is expected to reach $588.2 million by 2026
The surfboard market in the United States is estimated at US$1.1 billion in the year 2022. Asia Pacific is expected to reach a projected market size of US$588.2 million by 2026 with a CAGR of 6.5% over the analysis period. Other notable geographic markets include Japan and Europe, each is expected to grow at a CAGR of 5.2% and 5.4% respectively over the analysis period. A notable trend in the surfboard market is the growing popularity of adaptive surfing which is creating an increased demand for boards. People with disabilities learn adaptive surfing as it builds confidence and improves physical well-being and psychosocial and sensory skills. Surfing has also become a way for people with disabilities to fight against discrimination because it encourages teamwork and contributes to social inclusion. Adaptive surfing is also known to prevent and treat several pathological conditions in people with disabilities, resulting from stress and sedentary lifestyle. Adaptive surfing is currently encouraged in several countries.

Segment of longboards to reach $745.2 million by 2026
Longboards are thicker, wider and longer, usually 8 to 14 feet (2.4 to 4.3m). These boards have a much more rounded nose than a shortboard, which increases stability and buoyancy. Longboards are preferred by experienced surfers for their superior features including noseriding and stability. In the global longboard segment, United States, Japan, Europe and Asia Pacific will drive the CAGR of 5.3% estimated for this segment. These regional markets representing a combined market size of $510.4 million will reach a projected size of US$733.9 million at the end of the analysis period, representing 94.1% of the global market value. United States will remain among the most dynamic in this group of regional markets and should reach US$335.6 million by 2026.
Continued

MarketGlass™ Platform
Our MarketGlass™ platform is a free comprehensive knowledge center that can be custom configured to meet the intelligence needs of today’s busy business executives! This interactive, influencer-focused research platform is at the heart of our core research engagements and draws on the unique perspectives of participating executives from around the world. Features include – enterprise-wide peer-to-peer collaborations; overviews of research programs relevant to your business; 3.4 million profiles of experts in the field; profiles of competitive companies; interactive research modules; custom report generation; follow market trends; competing brands; create and publish blogs and podcasts using our primary and secondary content; follow domain events around the world; and much more. Client companies will have privileged access to the project’s data stacks. Currently used by over 67,000 domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our mobile application which has just been released on iOS Where android

About Global Industry Analysts, Inc. and StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving over 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

CONNECTIONS
Join our group of experts
https://www.strategyr.com/Panelist.asp

Connect with us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./

Follow us on twitter
https://twitter.com/marketbytes

Journalists and media
Info411@strategyr.com

Quote Show original content to download multimedia:https://www.prnewswire.com/news-releases/new-study-from-strategyr-highlights-a-3-3-billion-global-market-for-surfing-boards-by-2026–301505708.html

SOURCE Global Industry Analysts, Inc.