Surfboard Market to Grow by USD 5.76 Billion from 2025-2029, Boosted by Rising Educational Surfing Courses, with AI Impact on Market Trends - Technavio
NEW YORK, Feb. 7, 2025 /PRNewswire/ -- Report with market evolution powered by AI - The global surfboard market size is estimated to grow by USD 5.76 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 10.1% during the forecast period. Rising educational surfing courses is driving market growth, with a trend towards continuous evolution in designs of surfboards. However, increasing adoption of do-it-yourself (diy) surfboards poses a challenge. Key market players include Agit Global Inc., Beachbeat Surfboards, Catch Surfboard Co LLC, Channel Island Surfboards, Classic Malibu Pty Ltd., Derek Girven Surfboards, Firewire Surfboards LLC, Graham Smith Surfboards, Haydenshapes Pty Ltd., Hurricane Surf SARL, Hutchison Handcrafted Surfboards, Mami Wata, Matt Adams Surfboards, Ride Awake AB, Roland Surfboards, Rusty Surfboards Inc., Safari Surfboards, Shred and Speed Mfg., Tahe Kayaks OU, and WaveShark.
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Surfboard Market Scope | |
Report Coverage | Details |
Base year | 2024 |
Historic period | 2019 - 2023 |
Forecast period | 2025-2029 |
Growth momentum & CAGR | Accelerate at a CAGR of 10.1% |
Market growth 2025-2029 | USD 5760.3 million |
Market structure | Fragmented |
YoY growth 2022-2023 (%) | 8.4 |
Regional analysis | North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution | North America at 33% |
Key countries | US, Germany, Canada, France, China, The Netherlands, Japan, Italy, India, and Australia |
Key companies profiled | Agit Global Inc., Beachbeat Surfboards, Catch Surfboard Co LLC, Channel Island Surfboards, Classic Malibu Pty Ltd., Derek Girven Surfboards, Firewire Surfboards LLC, Graham Smith Surfboards, Haydenshapes Pty Ltd., Hurricane Surf SARL, Hutchison Handcrafted Surfboards, Mami Wata, Matt Adams Surfboards, Ride Awake AB, Roland Surfboards, Rusty Surfboards Inc., Safari Surfboards, Shred and Speed Mfg., Tahe Kayaks OU, and WaveShark |
Market Driver
The surfboard market is experiencing innovation with manufacturers introducing advanced designs. Daniel Thomson's Vanguard surfboard features noseless crafts, straight rails, and angular tails, reducing weight while maintaining volume. Electric surfboards are gaining popularity, offering surfers a superior experience with better torque and water propulsion. Edison Conner's team uses aerospace material for surfboards, making them 30% stronger and seven times stiffer than conventional foam, enhancing control. These advancements will boost sales of technologically-advanced surfboards.
The surfboard market is currently experiencing in demand for various types of boards. Consumers are looking for cost-effective and high-performance options. Carbon boards and fiberglass boards are popular choices due to their durability and lightweight properties. The trend towards shorter boards continues, with many surfers preferring boards that are easier to maneuver in the waves. Longboards and bodyboards are also in demand, catering to different surfing styles and skill levels. The desire for eco-friendly and sustainable materials is also influencing the market, with some manufacturers using recycled materials in their boards. Overall, the surfboard market is thriving, with a diverse range of products to suit all surfers' needs and preferences.
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Market Challenges- The surfing market offers a wide range of products catering to both recreational and competitive surfers. Traditional surfboards have been made from materials like wood, polyurethane, fiberglass, and foam, but advancements in technology have introduced eco-friendly boards made from recycled materials such as fiberglass cloth, eco-resins, and even plastic bottles. Innovations like artificial intelligence and surf forecasting now enable surfers to make informed decisions about wave conditions. Additionally, electric surfboards and adaptive boards for people with disabilities have expanded the accessibility of this sport, while sustainable surfboards are becoming increasingly popular among environmentally conscious consumers and professional surfers.
- Board designs continue to evolve, with longboards, shortboards, fish boards, and foam boards offering versatility for different wave conditions and rider preferences. The consumer market has embraced innovative designs, with products available in specialty stores and department stores. Safety remains a priority, with lessons and equipment for beginners, and the design of electric surfboards and SUP racing boards focusing on water flow, wave speed, and drag for improved performance. The tourism industry has also capitalized on surfing, with coastal areas offering surfing schools and rentals, further promoting the sport.
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Segment OverviewThis surfboard market report extensively covers market segmentation by
- Product
- Shortboards
- Longboards
- Others
- End-user
- Recreational Users
- Professional Users
- Distribution Channel
- Specialty Stores
- Hypermarkets And Supermarkets
- Online Retail
- Others
- Geography
- North America
- Europe
- APAC
- South America
- Middle East And Africa
1.1 Shortboards- The Surfboard Market experiences consistent demand due to the growing popularity of surfing as a recreational activity. Businesses manufacture and sell various types of surfboards, catering to different skill levels and preferences. These include shortboards, longboards, and fish boards. Effective marketing strategies and competitive pricing help companies maintain a strong market presence. Additionally, collaborations with surf schools and influencers expand customer reach. Overall, the Surfboard Market remains a profitable and dynamic industry.
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Research AnalysisThe Surfboard Market encompasses a wide range of products for recreational and professional users in the tourism and recreational sectors. Surfboards come in various types, including longboards, shortboards, fish boards, gun boards, foam boards, and those made from balsa wood or fiberglass cloth. Advanced technology, such as artificial intelligence, is used for surf forecasting to ensure optimal wave conditions. Eco-conscious consumers are increasingly drawn to electric surfboards and other electric water sports, which offer a more sustainable alternative to traditional surfing. Bodysurfing, SUP racing, wake surfing, and wave-riding sports also contribute to the market's growth. Water flow and wave speed are crucial factors affecting wave drag and the overall user experience.
Market Research OverviewThe Surfboard Market encompasses a diverse range of products designed for riding waves. These boards come in various shapes and sizes, including shortboards, longboards, and fish boards. Surfboards are typically made from materials such as foam, fiberglass, and epoxy resin. The use of advanced technologies and innovative designs continues to shape the industry, with a focus on enhancing performance and durability. Consumers seek boards that cater to their skill level and surfing style, leading to a wide array of options. The sector also prioritizes sustainability, with eco-friendly materials and production methods gaining popularity. Overall, the Surfboard Market offers an exciting and dynamic landscape for enthusiasts and professionals alike.
Table of Contents:1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
- Shortboards
- Longboards
- Others
- End-user
- Recreational Users
- Professional Users
- Distribution Channel
- Specialty Stores
- Hypermarkets And Supermarkets
- Online Retail
- Others
- Geography
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
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SOURCE Technavio