The global Surfing Equipment Market is anticipated to reach USD 3.9 billion by the end 2025, according to a new report released by Million Insights. The market is anticipated to grow at a CAGR of 3.3% during the forecast period, 2019 to 2025. This growth is attributed to rising popularity of adventure sports and water sports among adventure enthusiasts and thrill seekers across the globe. Moreover, emergence of surfing as a professional sport has opened potential growth opportunities for the manufacturers of surfing equipment to sell their products to professional surfers. Furthermore, surfing helps in reducing the stress and anxiety and also helpful in burning calories as it involves bending, squatting, laying on stomach. This is projected to further propel the market growth over the forecast period.
Key Players:
Quiksilver, Inc.; Billabong; Nike, Inc.; CHANNEL ISLANDS SURFBOARDS; Shop Rusty Surfboards; Firewire Surfboards, LLC; Rip Curl International Pty Ltd; Shop Rusty Surfboards
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Market Synopsis of Surfing Equipment Market:
The segment of surfing boards has dominated the market owing to availability of wide range of products with an option of customization. Manufacturers are experimenting with different designs, materials, and shape of surfing boards to fulfil the specific requirements of consumers. Moreover, they are adopting new technologies to improve the performance of surfing boards. This has attracted large consumer groups to purchase these customized and advance surfing boards. This factor is projected to drive the segment growth from 2019 to 2025. The apparel & accessories segment is projected to expand at the fastest CAGR over the forecast period owing to rising participation in professional surfing tournaments and rising interest of millennial in surfing.
North America is known for long coastlines, therefore, held the largest share across the global market in 2018. Presence of various popular surfing destinations in countries like Canada and U.S. and presence of leading manufacturers such as Quiksilver and Billabong is anticipated to fuel the regional market growth. Asia Pacific is anticipated to register the fastest growth over the forecast period owing to presence of popular surfing sites in New Zealand and Australia and presence of headquarters of World Surfing League (WSL) in Australia. Moreover, high participation of people in surfing tournaments conducted by WSL is projected to drive the product demand in this region.
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Surfing Equipment: Market Variables, Trends & Scope
Chapter 4 Surfing Equipment: Product Estimates & Trend Analysis
Chapter 5 Surfing Equipment: Application Estimates & Trend Analysis
Chapter 6 Surfing Equipment: End-use Estimates & Trend Analysis
Chapter 7 Surfing Equipment: Industrial End-use Estimates & Trend Analysis
Chapter 8 Surfing Equipment: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Surfing Equipment: Manufacturers Company Profiles
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