The global surfing board market caters to a wide variety of surfing boards such as shortboards, longboards, funboards, hybrid boards, and others that are primarily used for surfing. Shortboards are the most popular type of surfboards owing to their maneuverability and ease of carrying.
The global surfing board market is estimated to be valued at US$ 3.17 billion in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2031.
Surfing Board Market Share as a recreational sport has witnessed increased adoption over the years as a means of adventure tourism. Surfing boards aid in easily balancing and navigating on waves which is the prime reason for its growing preference as an adventure sport. Moreover, participation in surfing also provides health benefits such as improved physical fitness and is known to reduce stress and anxiety levels. The boards are typically made from polyurethane or epoxy resins reinforced with fiberglass to provide durability and strength. The modular designs enable surfboards to cater to varying skill levels and water conditions. The global surge in adventure tourism driven by changing lifestyles is estimated to be a major driver for increased sales of surfing boards worldwide.
Key Takeaways
- Key players operating in the surfing board market are Kallialay Original Series, Blu Surfboards, Nico Erni, Coral Surfboards, Alai Surfboards, Kove Kraft, ThunderMonkey, NSP, Haydenshapes, Firewire, FCS, Prolite, Yolo Kayaks, Zinka Sunscreen, Showa Denko K.K., BIC Sport, Surftech, and Channel Islands Surfboards.
- Steep surge in the number of adventure enthusiasts particularly millennials and generation Z who view surfing as a thrill-seeking activity is expected to augment demand.
- Technological advancements including eco-friendly resins, 3D printed fins, and carbon fiber incorporated designs to enhance strength and durability while reducing weight are gaining traction.
Market Trends
- Emergence of epoxy resin boards that offer higher mechanical strength and durability compared to polyurethane boards while being increasingly affordable.
- Growing interest in big wave surfing has boosted demand for specialty boards designed with soft tops and fins for enhanced maneuverability in steep waves.
Market Opportunities
- Scope for manufacturers to introduce customized surfboards catering to variable skill sets and localizedsurfing conditions to increase proliferation.
- Surging popularity of "glamping" and water recreational adventures present opportunity to integrate surfboards into experience-based tourism packages.
The COVID-19 pandemic has impacted the surfing board market in several ways. With social distancing norms and lockdowns imposed worldwide since early 2020, beaches were closed for recreational activities including surfing. This led to a drop in demand for surfing boards in 2020. However, as restrictions have eased in 2021 and 2022 in many countries, the market has started recovering. Surfing being an individual outdoor sport conducted with adequate physical distancing, participation has increased in the post-pandemic period. Many first-time surfers took up the sport as a way to spend time outdoors and enjoy nature during lockdowns. This has contributed to renewed demand.
Manufacturers faced disruptions in their supply chains initially due to border closures and international trade restrictions. Raw material prices also fluctuated during this period. Companies had to modify their business strategies and shift manufacturing online where possible. They launched new board designs, customized surfboard kits and online tutorials to engage with customers. Going forward, players need to focus on strengthening their distribution networks and online presence. Sustainable board materials and eco-friendly manufacturing processes can further boost market opportunities in the post-COVID scenario.
In terms of Surfing Board Market Regional Analysis is value concentrations, North America currently dominates the surfing board market. Countries like the USA and copyright have vast coastallines and a strong surfing culture. Iconic surfing destinations like Hawaii and California are major hubs. The Asia Pacific region is witnessing the fastest market growth. Emerging surfing hotspots in countries like India, Indonesia, Australia and Japan are driving higher adoption. Developing markets offer lucrative prospects for regional and global manufacturers to expand their presence. Countries should promote surfing as a tourism activity to fuel continued interest.
The Australia and New Zealand region is witnessing rapid growth in the surfing board market currently outpacing other regions. Surfing has gained immense popularity as a mainstream sport and recreational activity among Australians as well as tourists. Iconic beaches receive national and international surfing championships and contests on a regular basis boosting the sports profile. Domestic board manufacturers dominate the supply, offering innovative board designs and materials customized to local wave conditions. Rising incomes, an active lifestyle culture and warm waters support sustained participation and demand uptick. Experience facilities further enhance the tourist appeal of surfing.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)