Surfboard Trends and Forecast
The future of the global surfboard looks promising with opportunities in the recreational and professional markets. The global surfboard is expected to grow with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are surge in popularity of surf tourism, rising trend in the use of electric surfboards, and surging interest in adaptive surfing among people with disabilities.
Lucintel forecasts that longboard will remain the largest segment over the forecast period.
Within this market, recreational will remain larger segment.
North America will remain the largest region over the forecast period.
A more than 150-page report is developed to help in your business decisions.
Emerging Trends in the Surfboard Market
The surfboard market is growing with a number of transformation trends that have been reshaping it; from development in materials to changing consumer preferences, the emerging trends are pushing innovations with an impact on the market dynamics around the world.
• Sustainability and Eco-Friendly Materials: The second is the increased application of green materials in the manufacturing of surfboards. Companies are looking to find other more environmentally friendly practices, like biodegradable resins and recyclable materials, with environmental awareness in mind. This relates to a broader consumer demand for sustainability and ecological thinking in products.
• Technological Innovations: New technologies are increasingly altering the design and performance of surfboards. These include 3D printing, CAD, and newer materials made entirely out of foam. This further allows for better board performance and more options of customization. These technologies enhance durability and tap specific surfing needs.
• Customization and Personalization: The trend is now to get personalized surfboards according to oneÄX%$%Xs style and preference; this is why the demand for custom surfboards is on the rise, becoming increasingly in demand for an individualistic experience that offers better performance.
• Growth of Surf Parks and Artificial Waves: Growth in the development of surf parks and artificial wave pools in parts of the world where natural surf is not as prominent extends surfing opportunities to those particular areas. The conditions are consistent and regulated for surfers, and this has broadened demand for surfboards tailored for such areas.
• Emerging Market Expansion: These represent the biggest markets for growth by surfboard manufacturers in most emerging markets in Asia and South America. The reason for this market expansion is increased interest in surfing, promoted further by increased investment in local surf infrastructure.
New trends that are taking leads in the industry include sustainable developments, technological innovations, customized products, growth of surf parks, and entry into emerging markets. These trends are driving product development, enhancing consumer experiences, and opening new market opportunities.
Recent Developments in the Surfboard Market
Changes are happening within the surfboard marketplace, and revealing key shifts in technological input, consumer preferences, and regional dynamics, everything from designing to producing to the way surfboard brands market their products is molding a different future.
• Introduction of Eco-Friendly Surfboards: The surfboard market is increasingly incorporating eco-friendly materials, such as sustainable resins and recycled foam. This shift reflects the rising consumer awareness of environmental issues and fits within larger trends toward sustainability in sports equipment.
• Advancements in Design Technology: Innovations like 3D printing and computer-aided design have changed how surfboards are made. Such technologies allow for precise customization and greatly improved performance to suit a wide range of surfing styles and conditions.
• Online/Direct-to-Consumer Sales Growth: The growth in e-commerce is changing the face of the surfboard market. With the emergence of this trend, a number of brands have opened direct sales to consumers via online channels, making purchases more accessible and personal for shoppers. The new sales channel is also good for effective customersÄX%$%X communication and feedback.
• Surf Parks and Artificial Wave Pools Growth: With the increased investment in surf parks and artificial wave pools around the globe, controlled environments for surfing are on the rise, consequently increasing the demand for surfboards that function well in artificial waves. Therefore, surf parks are emerging in non-coastal areas, thus building surfing communities within those areas.
• Emerging Markets: In addition, some of the growth in emerging markets, particularly those from Asia and South America, is bound to be part of the major players in the surfboard market. There is growing interest in surfing in these regions, which is extending into the local manufacturing and retail sectors of surfboards.
The major products that influence recent growth in the surfboard market include eco-friendly surfboards, design technology, e-commerce websites, the rise in surf parks, and emerging new markets for surfboards. Changes in innovation of products have grown the market and aligned it with evolving consumer preferences.
Strategic Growth Opportunities for Surfboard Market
Surfboard markets present various strategic growth possibilities because different technologies and growing market segments have created fluctuating consumer demands in different applications.
• Customization to Particular Surfing Conditions: This is another avenue for growth: offering surfboards tailored to particular surfing conditions, such as wave type and required skill. Specialized boards for each environment might be of interest to enthusiasts who wish for superior performance and experiences that can be tailored to suit their taste.
• Development of Artificial Wave Pools: Designing surfboards for artificial wave pools are the next areas of business opportunities. With more surf parks and wave pools building and gaining popularity, boards need to deliver optimum performance in a controlled environment. Innovation and product development drive this demand.
• Eco-Friendly and Sustainable Products: Eco-friendly surfboards and sustainable manufacturing balance out consumer preferences for more environmentally responsible products. This presents an opportunity for growth due to high demand for green products, thus enhancing brand reputation.
• Growth in Emerging Markets: Among various emerging markets, with surfing communities rising for instance in Asia and South America, present great avenues for growth. Products and marketing strategies localized to these regions can capture new bases of customers and help drive the market.
• Integration of Technologies and Innovation: Advanced technologies, like smart sensors and performance tracking, integrated into surfboards are a strategic development opportunity. This is likely to enhance consumersÄX%$%X surfing experiences with the inclusion of technology-savvy consumers who take interest in analytics and performance.
The strategic growth opportunities for surfboard applications could be for specific condition customization, artificial wave pools, eco-friendly products, growth in emerging markets, and technological innovations. This would also open areas of market development, product differentiation, and alignment with changing consumer trends.
Surfboard Market Driver and Challenges
This can be attributed to the drivers and challenges in the surfboard market, including technological advances, economic issues, and consumer factors. These are discussed below because it is important to understand these for surfing in the market.
The factors responsible for driving the surfboard market include:
1. Growing Interest in Surfing: Media exposure is the main factor that contributes to surfing as a sport and lifestyle. Increased media exposure leads to more people participating in different surfing events, including recreational surfing, hence creating a demand for surfboards in most regions across the globe.
2. Technological Advances: The advancement of technology in the materials and design of surfboards through the use of advanced foam technologies and computer-aided design pushes the envelope of performance and the ability to customize. Product development and innovative features spur market growth through offering value added to products.
3. Surfing Infrastructure Expansion: Investment in surf parks, artificial wave pools, and surfing facilities is increasing surfingÄX%$%Xs reach. Developments like these present new opportunities for surfboard sales and address a wider set of surfing environments.
4. Consumer Demand for Sustainability: More and more consumers are now conscious of environmental problems; hence, they require surfboards that help protect the environment. Companies that utilize the use of sustainable materials and methods ease the pain of an environmentally conscious consumer; as such, they gain a competitive advantage.
5. Growth in Emerging Markets: There is steadily increasing interest in surfing within most emerging markets, especially in Asia and South America. Expansion into these regions creates new opportunities for growth among manufacturers and retailers of surfboards.
Challenges in the surfboard market are:
1. Economic Fluctuations: Booms and busts in the economy booms affect consumer spending and travel. Economic recessions may mean that consumers have less money for discretionary spending on surfboards, slowing market growth.
2. Regulatory and environmental compliance: Compliance with regulations and environmental standards is challenging. The pressure will lie on the manufacturers to innovate continuously in a constantly changing regulatory climate and meet the demand of the market for more sustainable products.
3. Supply Chain Disruptions: Supply chain disruption includes raw material shortage and shipping delay, which might have some effect on the availability of products and their cost. It is very essential to manage such kinds of disruptions to maintain the appropriate level of inventories as well as meet customer demand.
The growth of the surfboard market is driven by key drivers including increased interest in surfing, advances in technology, greater availability of surfing facilities, consumer demand for sustainability, and market development in countries other than traditional ones. However, changes in economic conditions, different regulations, and disruptions to supply chains should be explained in detail for success in the market.
List of Surfboard Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. through these strategies surfboard companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the surfboard companies profiled in this report include-
• Agit Global
• Beach Beat Surfboards
• BruSurf
• Channel Islands Surfboards
• Global Surf Industries
• Hobie Cat
• Haydenshapes Surfboards
• Infinity Surfboards Incorporated
• Keeper Sports Products
• Rusty Surfboards
Surfboard by Segment
The study includes a forecast for the global surfboard by product type, application, and region.
Surfboard by Product Type [Analysis by Value from 2018 to 2030]:
• Shortboard
• Longboard
• Fish Board
• Gun Board
• Others
Surfboard by Application [Analysis by Value from 2018 to 2030]:
• Recreational
• Professional
Surfboard Market by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Surfboard Market
The surfboard market is highly changing with consumer change of preference, emergence of new technologies, and expansion of surfing culture across the world. Increased environmental awareness and technological advancement in materials are reshaping the industry, while economic factors and regional dynamics of markets contribute to diverse development in various parts of the world. Herein lies a look at recent developments in key markets: the United States, China, Germany, India, and Japan.
• United States: In the case of the U.S. market, surfing has incorporated eco-friendly materials in surfboard manufacturing and custom designs made from artificial materials. This shift is a result of the rise of online stores and direct-to-consumer sales within the surfing industry. The key companies operating in the surfing industry are focused on adopting sustainable products and implementing the latest technological advancements, such as computer-aided designs, in their products to enhance performance and strength.
• China: Because of the increasing curiosity about surfing among its young population, the surfboard market in China is experiencing aggressive growth. Many local manufacturers now target this upcoming clientele with more entry-level, affordable options. Moreover, partnerships between companies from China and those abroad have resulted in better quality and more diversity in products. More investments in surfing infrastructures will in turn, spur more growth.
• Germany: GermanyÄX%$%Xs surfboard market, inspired both by its growing interest in water sports and by general participation in surfing events, is an up-and-coming industry. Various German manufacturers set up a production system intending to yield high-performance boards that meet not just the local condition requirements but international standards. The developing trend is also customization for and by native craftsmanship, manifesting a small but highly enthusiastic community of surfers.
• India: The surfboard market is an emerging growth frontier in India as the sport gains popular appeal along its coastline. Accessibility to more affordable boards introduced by local manufacturers has also contributed to the ever-growing customer base. Further investment in surf schools and beach infrastructure is poised to spur market growth. Innovation: A trend toward more accessible and varied options will continue in the surfboard market.
• Japan: The Japanese market represents a mix of traditional craftsmanship with modern technology in surfboards. Japanese companies show great precision and quality, offering everything from high-performance surfboards to beautifully designed ones. Foreign surfers have also shown more interest in the market due to the recent popularity of JapanÄX%$%Xs reputation as a good surfing spot, especially around Shonan and Okinawa.
Features of the Global Surfboard
Market Size Estimates: Surfboard size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Surfboard size by product type, application, and region in terms of value ($B).
Regional Analysis: Surfboard breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, applications, and regions for the surfboard.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the surfboard.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q1. What is the growth forecast for surfboard?
Answer: The global surfboard is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the surfboard?
Answer: The major drivers for this market are surge in popularity of surf tourism, rising trend in the use of electric surfboards, and surging interest in adaptive surfing among people with disabilities.
Q3. What are the major segments for surfboard?
Answer: The future of the surfboard looks promising with opportunities in the recreational and professional markets.
Q4. Who are the key surfboard companies?
Answer: Some of the key surfboard companies are as follows:
• Agit Global
• Beach Beat Surfboards
• BruSurf
• Channel Islands Surfboards
• Global Surf Industries
• Hobie Cat
• Haydenshapes Surfboards
• Infinity Surfboards Incorporated
• Keeper Sports Products
• Rusty Surfboards
Q5. Which surfboard segment will be the largest in future?
Answer: Lucintel forecasts that longboard will remain the largest segment over the forecast period.
Q6. In surfboard, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period.
Q.7 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the surfboard by product type (shortboard, longboard, fish board, gun board, and others), application (recreational and professional), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Surfboard Market, Surfboard Market Size, Surfboard Market Growth, Surfboard Market Analysis, Surfboard Market Report, Surfboard Market Share, Surfboard Market Trends, Surfboard Market Forecast, Surfboard Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.