PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566079
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566079
United States Surfboard Market, By Product Type; By Material Type; By Distribution Channel; By Application, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
United States Surfboard Market Size Expands at CAGR of 3.98% to Reach USD 1.8 Billion by 2030
United States Surfboard Market is thriving due to people's increasing participation in water sports, rising coastal tourism, evolving surfboard technology, environmental sustainability trends, and the growing popularity of surf culture and events.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Surfboard Market size by value at USD 1.37 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Surfboard Market size to expand at a CAGR of 3.98% reaching a value of USD 1.8 billion by 2030. Major driving factors for United States Surfboard Market include Americans' growing interest in surfing as a recreational activity and sport, particularly among younger generations. Thriving coastal tourism, media exposure, and surfing events further fuel demand. Advances in surfboard technology, including eco-friendly materials and customizable designs, also attract consumers. Additionally, the rise of surf schools and surfing communities, along with the sport's inclusion in global competitions like the Olympics, contribute to the market's expansion.
Opportunity - Expanding E-commerce Sector in United States
The growth of e-commerce sector across the country significantly boosts the growth of United States Surfboard Market. Online platforms offer consumers easy access to a diverse range of surfboard styles, brands, and prices, enhancing purchasing convenience. As surfing gains popularity, particularly among younger demographics, e-commerce facilitates direct-to-consumer sales, reducing overhead costs for brands. Additionally, targeted online marketing and social media influence increase awareness and interest, driving sales and contributing to the overall expansion of United States Surfboard Market.
Impact of Escalating Geopolitical Tensions on United States Surfboard Market
Escalating geopolitical tensions could have both direct and indirect impacts on United States Surfboard Market. Disruptions in global trade can lead to supply chain issues, affecting the availability of raw materials like fiberglass, foam, and resin, essential for surfboard production. Increased tariffs and restrictions on imports from key surfboard manufacturing countries (e.g., China) can raise costs, leading to higher retail prices. Consumer sentiment may also shift, with economic uncertainty reducing discretionary spending on leisure goods like surfboards. Furthermore, geopolitical risks could affect travel and tourism, particularly to coastal areas, potentially reducing demand for surfboards from both local surfers and tourists. Overall, geopolitical instability may create cost pressures and reduce demand in United States Surfboard Market.
Online Distribution Channel to Grow Faster in US Surfboard Market
The online distribution channel segment is project to grow at a faster CAGR, driven by e-commerce convenience, broader selection, and competitive pricing. However, the offline segment remains the leader. The offline segment holds a larger market share of United States Surfboard Market, due to the tactile nature of surfboard purchases, where consumers prefer to physically inspect the boards, assess quality, and get personalized advice from specialists in surf shops. Additionally, many surfers value the expertise offered by local retailers, which enhances customer experience.
Competitive Landscape
United States Surfboard Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Solid Surfboards, Lost Surfboards, Firewire Surfboards, Orca, Gordon & Smith (G&S), Rusty Surfboards, Harbour Surfboards, USA Surfboard Shapers, and Blueprint Surf Company. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in United States Surfboard Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of United States Surfboard Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Surfboard Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. United States Surfboard Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing popularity of surfing
- 3.2.1.2. Rising disposable income
- 3.2.1.3. Growing tourism industry
- 3.2.1.4. Innovations in surfboard materials and designs
- 3.2.2. Restraints
- 3.2.2.1. Seasonal nature of surfing
- 3.2.2.2. High initial investment
- 3.2.2.3. Growing concerns about climate change and ocean pollution
- 3.2.2.4. Competition from other water sports
- 3.2.3. Opportunities
- 3.2.3.1. Expanding E-commerce in United States
- 3.2.3.2. Offering customized surfboards
- 3.2.3.3. Introducing surfboard rental and subscription services
- 3.2.4. Challenges
- 3.2.4.1. Stricter environmental regulations
- 3.2.4.2. Competition from lower-cost manufacturers
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. United States Surfboard Market: Pricing Analysis
5. United States Surfboard Market: Marketing Strategies
6. United States Surfboard Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share and Forecast
- 6.2.1. By Product Type
- 6.2.1.1. Shortboards
- 6.2.1.2. Longboards
- 6.2.1.3. Fish Boards
- 6.2.1.4. Gun Boards
- 6.2.1.5. Others
- 6.2.2. By Material Type
- 6.2.2.1. Polyurethane
- 6.2.2.2. Balsa Wood
- 6.2.2.3. Others
- 6.2.3. By Distribution Channel
- 6.2.3.1. Online
- 6.2.3.2. Offline
- 6.2.4. By Application
- 6.2.4.1. Recreational
- 6.2.4.2. Professional
- 6.2.1. By Product Type
7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. United States Surfboard Market Share Analysis, 2023
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
8. Impact of Escalating Geopolitical Tension on United States Surfboard Market
9. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 9.1. Solid Surfboards
- 9.2. Lost Surfboards
- 9.3. Firewire Surfboards
- 9.4. Orca
- 9.5. Gordon & Smith (G&S)
- 9.6. Rusty Surfboards
- 9.7. Harbour Surfboards
- 9.8. USA Surfboard Shapers
- 9.9. Blueprint Surf Company
- 9.10. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents
- 11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 United States Surfboard Segmentation
- Figure 2 United States Surfboard Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 United States Surfboard Market Size, By Value (USD Billion), 2019-2030
- Figure 5 United States Surfboard Market Share, By Product Type, By Value (USD Billion), 2019-2030
- Figure 6 United States Surfboard Market Share, By Material Type, By Value (USD Billion), 2019-2030
- Figure 7 United States Surfboard Market Share, By Distribution Channel, By Value (USD Billion), 2019-2030
- Figure 8 United States Surfboard Market Share, By Application, By Value (USD Billion), 2019-2030
List of Tables
- Table 1 United States Surfboard Market Size, By Value (USD Billion), 2019-2030
- Table 2 United States Surfboard Market Share, By Product Type, By Value (USD Billion), 2019-2030
- Table 3 United States Surfboard Market Share, By Material Type, By Value (USD Billion), 2019-2030
- Table 4 United States Surfboard Market Share, By Distribution Channel, By Value (USD Billion), 2019-2030
- Table 5 United States Surfboard Market Share, By Application, By Value (USD Billion), 2019-2030
- Table 6 Solid Surfboards Company Overview
- Table 7 Solid Surfboards Financial Overview
- Table 8 Lost Surfboards Company Overview
- Table 9 Lost Surfboards Financial Overview
- Table 10 Firewire Surfboards Company Overview
- Table 11 Firewire Surfboards Financial Overview
- Table 12 Orca Company Overview
- Table 13 Orca Financial Overview
- Table 14 Gordon & Smith (G&S) Company Overview
- Table 15 Gordon & Smith (G&S) Financial Overview
- Table 16 Rusty Surfboards Company Overview
- Table 17 Rusty Surfboards Financial Overview
- Table 18 Harbour Surfboards Company Overview
- Table 19 Harbour Surfboards Financial Overview
- Table 20 USA Surfboard Shapers Company Overview
- Table 21 USA Surfboard Shapers Financial Overview
- Table 22 Blueprint Surf Company Company Overview
- Table 23 Blueprint Surf Company Financial Overview
