PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1490084
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1490084
The global surfing tourism market is estimated to be valued at USD 10.69 Bn in 2024 and is expected to reach USD 16.19 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 10.69 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 6.10% | 2031 Value Projection: | US$ 16.19 Bn |
Surfing tourism is a multi-billion dollar global industry that is growing rapidly. As awareness regarding the health benefits of surfing and adventure tourism increases, more people are traveling to popular surfing destinations around the world. Regions such as Bali, Hawaii, and Southern California in the U.S. have long been hotspots for surfing tourism due to their ideal wave conditions and surf culture. However, emerging surfing destinations in countries like Mexico, Peru, Portugal, and Australia are also gaining popularity. The consistent research and development of high-performance surf boards and wetsuits has made the sport more accessible. Furthermore, destination countries and local businesses have invested in surf infrastructure like boarding schools and hostels to promote surf tourism. This has spurred tremendous growth in the global surfing tourism market over the past decade.
Market Dynamics:
The global surfing tourism market is driven by several factors. The growing popularity of adventure and water sports as a way to lead an active lifestyle and disconnect from technology has boosted surf tourism. Furthermore, improvements in surf forecasting technology allow tourists to plan trips around optimal wave conditions. Social media has played a major role in promoting stunning surfing destinations and a vibrant beach culture. However, factors such as periodic changes in weather patterns disrupting surf seasons and vulnerability of destinations to environmental disasters can negatively impact the market growth. On the other hand, many remote surfing locations remain undiscovered which presents opportunities for future growth. Sustainable surf tourism practices that promote environmental conservation and local communities will be key.
Key Features of the Study: