Businesses can achieve practical and enduring results which are driven by accurate and timely research. Surfing Boards Market report evaluates the growth rate and the market value based on market dynamics and growth inducing factors. It also provides the list of major competitors along with the strategic insights and analysis of the key factors influencing the FMCG industry. Global Surfing Boards Market report provides in-depth market data and forecast by analyzing key business trends and identifying potential growth avenues across the entire value chain. This Surfing Boards Market has been formed with the vigilant efforts of innovative, enthusiastic, knowledgeable and experienced team of analysts, researchers, industry experts, and forecasters.
Global surfing boards market is set to witness a substantial CAGR of 6.78% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017.
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Market Definition: Global Surfing Boards Market
Surfboard is an enlarged platform which is usually used for the surfing sports. They are usually made foam and are coated in fibreglass so that they can be lightweight and can easily float in water. They have sturdy structure so it can help the rider to stand on it while riding the ocean waves. There are different types of surfboard such as longboards, foam boards, funboards, shortboards among others.
- Growing demand for longboards and shortboards will drive the market growth
- Increasing preference for water sports activities will also accelerate the market growth
- Availability of better manufacturing machines for surfboards will also enhance this market growth
- Increasing women participation in water sports activities which will also contribute as a factor for the market growth
- Sustainability issues will hamper the growth of this market
- Risk associated with the drowning is another factor restricting this market growth in the forecast period
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Segmentation: Global Surfing Boards Market
- Foam Board
- Polystyrene Foam
By Distribution Channel
- Specialty Stores
- Department Stores
- Online Retail
- Sports Competition
Key Developments in the Market:
- In July 2018, Tesla announced the launch of their new limited edition surfboards in collaboration with Lost Surfboards and Matt ‘Mayhem’ Biolos. The Limited Edition Tesla Surfboard features a mixture of matt and gloss finishes of the same high quality used on all our vehicles. The deck is strengthened with lightweight Black Dart carbon fiber, inspired by the interior of vehicles and with subtle comparison gloss tonal logos
- In April 2018, Boardriders, Inc., announced the acquisition of Billabong International Limited. This acquisition will help the company to expand their product portfolio and strengthen their market position. This will also create an opportunity for them to be the world’s leading Sports Company
Global surfing boards market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of surfing boards market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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