Global Surfboard Market 2018-2022. Surfing is one of the most popular water sports because of the minimal training and equipment required in the sport. Recreational users are the ones who periodically take vacations to go on adventure trips. Recreational users dominated the end-user segments because of the rising number of people preferring adventure water activities over other sports during their vacations. The popularity of surf tourism has increased across the globe. There are now various surf-specific websites, international and regional. This increases the accessibility of the information related to surfing in various regions and encourages surf tourism. Based on products surfboard can be segmented into shortboards and longboards. The demand for shortboards among advanced level surfers is high since shortboards provide high performance and maneuverability. They are also light in weight as they are made using less foam and glass. The adoption of shortboard surfboards will increasing since they are specifically designed to use when the waves are fast, steep, and powerful. This will positively influence the growth of the surfboard market in the shortboards segment.
MIR analysts forecast the global surfboard market to grow at a CAGR of 12.24% during the period 2018-2022.
The report covers the present scenario and the growth prospects of the global surfboard market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of surfboard.
The market is divided into the following segments based on geography:
MIR’s report, Global Surfboard Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- Beachbeat Surfboards
- Channel Islands Surfboards
- Firewire Surfboards
- Global Surf Industries
- INFINITY SURF
- NSP Surfboard
- Market driver
- Introduction of surfing contests
- For a full, detailed list, view our report
- Increase in use of improved raw materials
- For a full, detailed list, view our report
Essential points covered in Global Surfboard Market 2018 Research are:-
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the Global Surfboard market?
- What are the key market trends impacting the growth of the Global Surfboard market?
- What are the challenges to market growth?
- Who are the key vendors in the Global Surfboard market?
- What are the key outcomes of the five forces analysis of the Global Surfboard market?
Browse Full Report at: https://www.marketinsightsreports.com/reports/0119165674/global-surfboard-market-2018-2022
This independent 137 page report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Surfboard market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2022.
Commenting on the report, an analyst from MIR’s team said: “The latest trend gaining momentum in the market is increase in use of improved raw materials. Manufacturers are focusing on the production of better surfboards with the help of different materials. For instance, they are replacing polyurethane with Styrofoam and polyester with epoxy resin to manufacture surfboards. The adoption of these materials is increasing because they offer high impact resistance and are light in weight. The preference towards epoxy surfboards is increasing among consumers since they produce less toxic fumes.”
According to the report, one of the major drivers for this market is introduction of surfing contests. Several surfers are focusing on exhibiting their skills and gain recognition by participating in surfing competitions. These surfers are judged based on the level of difficulty, mastery of surfing on the waves, competency of how the wave is ridden, and frequency of maneuvers. A large number of professional surfing competitors participate in the championship tour conducted by the world surf league (WSL). The number of recreational and professional surfers is increasing due to the rising number of surfing events. This in turn, will boost the sales of surfboards and surf gear of all kinds. Various companies such as Stance, Dakine, and Stubbies also sponsor surfers or competitions as a part of their marketing strategy.
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