Water surface sports include several sports, such as sailing, rowing, water skiing, surfing, rafting, kayaking, and many others. These sports were not familiar in the last few decades. Adventure sports or extreme sports are generally classified into activities with an increased level of danger. Additionally, the fitness trend is growing; as a result, people have found a different way to be fit through water sports. The number of water sports studios globally has been increasing rapidly.
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Data Bridge Market Research analyses that the Global Stand-Up Paddleboard Market is expected to reach USD 2,135,556.72 thousand by 2030 from USD 1,360,000.00 thousand in 2022 at a substantial CAGR of 6.0% in the forecast period of 2023 to 2030. The increasing demand for the stand-up paddleboard will provide potential opportunities for the market growth in the forecast period.
The increasing rate of fitness trend is anticipated to drive the market's growth rate
In the last few decades, the fitness industry has seen huge growth. Numerous trends are associated with the fitness industry, such as home exercises, gyms, outdoor activities, wearable technology, yoga, strength training, personal training, cycling, and many others. Though traditional fitness methods are emerging into aqua exercises and water sports. The increasing evolution of being fit through water sports is gaining more significance in North America and Australia.
For instance,
As per Google Trends, the fitness trend has grown rapidly. Simultaneously, water sports respective to fitness is increasing with a growth ratio of 80:1 on an average rate.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Solid SUP Boards and Inflatable SUP Boards), Weight (56kg-68kg ,68kg-79kg, 79kg-91kg, 91kg-102kg, 22kg-56kg, 102kg-113kg, 113kg-125kg and Above 125kg), Length (9.1-12.0 feet, <9 feet, and >12 feet), Price (Medium, Low And Premium), Material (PVC, EPOXY, Fiber Glass And Others), Application (All-Round, Fkat-Water Or Touring, Surfing, Race, Yoga and Others), Buyer (Men, Women and Kids), and Distribution Channel (Online, Third Party Online, Franchised Sport Outlet, Retail Sports Outlet, Modern Trade Channel, Specialty Store and Independent Sports Outlets)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Tahe Outdoors (France), Surftech (U.S.), Atoll Board Company (U.S.), Goosehill (U.S.), Bluefin SUP (U.K.), Irockersup (U.S.), Mistral Watersports (U.K.), Red Paddle Co (U.K.), Sun Dolphin Boats (U.S.), LAIRDSTANDUP (U.S.), THURSO SURF (U.S.), Decathlon Sports India Pvt Ltd (France)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
The global stand-up paddleboard market is segmented into eight notable segments by product, weight, length, price, material, application, buyer and distribution channel.
- On the basis of product, the market is segmented into solid SUP boards, inflatable SUP boards.
The solid SUP boards segment of product type is anticipated to dominate the stand-up paddleboard market
The solid SUP boards segment is expected to dominate the global stand-up paddleboard market with 54.53% market share due to the increase in the stability and balancing the weight of user
- On the basis of weight, the market is segmented into 56kg-68kg ,68kg-79kg, 79kg-91kg, 91kg-102kg, 22kg-56kg, 102kg-113kg, 113kg-125kg and above 125kg.
The 56kg-68kg of weight type is anticipated to dominate the stand-up paddleboard market
The 56kg-68kg segment is expected to dominate the global stand-up paddleboard market with 20.48% market share due to the design and the size parameter for these boards and cost effective with respective the stability
- On the basis of length, the market is segmented into 9.1-12.0 feet, <9 feet and >12 feet. The 9.1-12.0 feet segment is expected to dominate the global stand-up paddleboard market with 42.33% market share as these boards offers increased stability and offers less paddling
- On the basis of price, the market is segmented into medium, low and premium. The medium segment is expected to dominate the global stand-up paddleboard market with 46.53% market share as these boards are found very cost effective and most of the users find it efficient
- On the basis of material, the market is segmented into PVC, EPOXY, fiber glass and others. The PVC segment is expected to dominate the global stand-up paddleboard market with 37.72% market share because this material property provides better strength with irrespective to weight
- On the basis of application, the market is segmented into all-round, fkat-water or touring, surfing, race, yoga and others. The all-round segment is expected to dominate the global stand-up paddleboard market with 28.19% market share as there is need for multi-purpose boards used for numerous applications
- On the basis of buyer, the market is segmented into men, women and kids. The men segment is expected to dominate the global stand-up paddleboard market with 42.33% market share due to majority of the population globally are interested in SUP boarding sport is men
- On the basis of distribution channel, the market is segmented into online, third party online, franchised sport outlet, retail sports outlet, modern trade channel, specialty store and independent sports outlets. The online segment is expected to dominate the global stand-up paddleboard market with 27.32% market share as this type of channel is every feasible and orders can be placed with irrespective to time and place
Major Players
Data Bridge Market Research recognizes the following companies as the major stand-up paddleboard market players in stand-up paddleboard market are Tahe Outdoors (France), Surftech (U.S.), Atoll Board Company (U.S.), Goosehill (U.S.), Bluefin SUP (U.K.), Irockersup (U.S.), Mistral Watersports (U.K.), Red Paddle Co (U.K.), Sun Dolphin Boats (U.S.), LAIRDSTANDUP (U.S.), THURSO SURF (U.S.), Decathlon Sports India Pvt Ltd (France)
Market Development
- In 2022, Mistral Watersports was recognized by Zero Thought. This will help the company to get recognized in the market and surge the brand value for the company to enhance the business growth across the region
- In 2022, Paddle Boards by iROCKERSUP announced that the company has been recognized as SUP brand and continues to enlarge its lineup. This will help the company to increase revenue growth combined with the customer attraction
Regional Analysis
Geographically, the countries covered in the stand-up paddleboard market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in stand-up paddleboard market during the forecast period 2023 to 2030
Asia-Pacific dominates the stand-up paddleboard market as it includes a lot of lakes and rivers that are great for paddle boarding in addition to a lot of coastlines. This specifies that there are numerous places where individuals may try out the activity and discover a place where they love paddling. Additionally, the weather is often favorable for paddle boarding, with mild summers and usually calm seas making it convenient to paddle board year-round in the region
North America is estimated to be the fastest-growing region in stand-up paddleboard market the forecast period 2023 to 2030
North America is expected to grow from 2023 to 2030 due to the rising demand for SUPs. Australia is among the top countries that are bordered by the ocean. Natural tides are encouraging the market expansion and uptake of stand-up paddle boards. The area features a sizable coastline with lots of paddle boarding chances. In addition to this, there is an increasing trend of individuals utilizing paddle boards for enjoyment and fitness, which led to the sport's rise in popularity.
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