Global Surfing Boards Market – Industry Trends and Forecast to 2031

Surfing Boards Market Analysis and Size

The surfing board market sees continual advancement, from traditional foam to cutting-edge carbon fiber constructions. These innovations enhance performance, durability, and buoyancy, offering surfers unparalleled benefits such as improved speed, maneuverability, and stability on waves. The evolving landscape of surfboard technology reflects a commitment to pushing boundaries and maximizing riders' experiences.

The global surfing boards market size was valued at USD 2.46 billion in 2023, is projected to reach USD 4.04 billion by 2031, with a CAGR of 6.40% during the forecast period 2024 to 2031. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Report Scope and Market Segmentation

Market Definition

Surfing boards, essential tools for riding waves, come in various shapes, sizes, and materials. Crafted for maneuverability, stability, and speed, they range from longboards for smooth glides to shortboards for agile turns. Their design, influenced by wave conditions and rider skill, allows surfers to carve through the ocean's energy, seeking the perfect wave-riding experience.

Surfing Boards Market Dynamics

Drivers

• Growing Interest in Surfing

The growing popularity of surfing, both as a recreational pursuit and competitive endeavor, has driven increased demand for surfing equipment, notably surfboards, reflecting the sport's expanding appeal and market presence. For instance, coastal communities such as Byron Bay in Australia have seen a noticeable increase in surfing enthusiasts, driving local businesses to expand their offerings of surfboards to meet the growing demand among both beginners and seasoned surfers.

• Expansion of E-commerce and Online Retail

The surge in e-commerce has democratized access to surfing boards, expanding market reach. Online platforms such as SurfStitch offer a vast array of boards from renowned brands such as Channel Islands and Firewire, providing convenience and choice for enthusiasts worldwide. This accessibility not only fuels market growth but also fosters a competitive landscape where consumers can easily compare options and make informed purchasing decisions.

Opportunities

• Cross-Over Appeal and Fitness Trends

Surfing's allure extends beyond the waves, drawing enthusiasts from diverse board sports backgrounds, such as skateboarding and snowboarding. This cross-over allure stems from a mutual passion for adventure and outdoor fitness, creating a vibrant community united by a love for exhilarating experiences and exploration of natural elements. As individuals seek dynamic ways to stay active, surfing stands out as both a thrilling sport and a full-body workout, driving demand for high-performance surfing boards that cater to their evolving needs.

• Growing Professional Endorsements and Trends

Professional surfers hold significant preference over surfing equipment and trend choices, shaping the preferences and directions of the broader surfing community through their expertise and endorsements. For instance, when renowned surfer John Smith won the World Surf League championship using a specific brand of board, sales for that board soared. Endorsements from influential figures such as Smith can propel a brand to the forefront of the market, driving demand and shaping consumer perceptions within the surfing community.

Restraints/Challenges

• Health and Safety Concerns

Health and safety concerns, such as collisions or underwater hazards, can deter individuals from surfing, influencing demand for surfboards. The potential risks, including injuries, may reduce participation rates and discourage newcomers. These apprehensions indirectly impact market demand, presenting a challenge for surfing board manufacturers amidst safety-conscious consumers who prioritize their well-being when engaging in water sports.

• Competition from Alternative Sports

Alternative water sports such as stand-up paddleboarding (SUP), kiteboarding, and wakeboarding present formidable competition to traditional surfing, diverting recreational enthusiasts' attention and expenditure. This diversion challenges the surfing boards market, compelling manufacturers to differentiate their products and marketing strategies to maintain relevance and market share in a diverse recreational landscape.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In February 2022, revealing its flagship model, the Rävik S 22, Swedish electric surfboard manufacturer Awake showcased a potent combination of a 12-kW brushless motor and redesigned impeller, promising heightened torque and acceleration for surf enthusiasts seeking cutting-edge performance
• In January 2023, NASCAR forged a partnership with action-sports brand Hurley, introducing a collaborative line of beach and surf apparel for both men and women, blending the thrill of racing with the laid-back essence of surf culture
• In March 2023, Unveiling the Surf VR3 Collection, Vans Surf merged the carefree essence of surfing with their enduring commitment to sustainable fashion. The collection boasts clothing and footwear designed to encapsulate the relaxed vibes synonymous with the surfing lifestyle

Surfing Boards Market Scope

The market is segmented on the basis of product type, material, distribution channel, end users, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Short Boards
• Longboards
• Fun Boards
• Foam Board
• Others

 Material

• Wood
• Fiberglass and Foam
• Epoxy
• Polyurethane
• Polystyrene

 Distribution Channel

• Online
• Offline

 End Users

• Kids
• Adults

 Application

• Entertainment
• Sports Competition
• Others

Surfing Boards Market Regional Analysis/Insights

The market is analyzed and market size insights and trends are provided by product type, material, distribution channel, end users, and application as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, and Rest of Middle East and Africa.

Asia-Pacific is expected to be the fastest developing the market during the forecast period. The region's rising brand appeal and growing personal disposable income drive this trend. In addition, the burgeoning tourism and travel industry will amplify market growth, fostering increased demand for surfing kit.

North America is expected to dominate the market, driven by manufacturers' focus on innovation. In addition, rising interest in adventure sports fuels market growth. With a penchant for new experiences, individuals contribute to the region's growing demand for surfing goods.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Surfing Boards Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the market are:

• Channel Islands Surfboards (U.S.)
• Nike, Inc (U.S.)
• Billabong (Australia)
• MT WOODGEE SURFBOARDS (Australia)
• kinaroad (Australia)
• Pro-Lite (U.S.)
• Blue Sea Watersports (U.K.)
• CoLab Surf Studios (U.K.)
• Rusty Surfboards (Australia)
• McTavish (Australia)
• Carabine Surf (Australia)
• Firewire Surfboards, LLC (U.S.)
• Huizhou Xinyitong Sports Equipment Co. LTD (China)
• Tahe Outdoors (France)
• Simon Anderson Surfboards (Australia)
• Infinity SUP (U.S.
• AIWAN MAXAM INDUSTRIAL CORPORATION (Spain)

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