PUBLISHER: IMARC | PRODUCT CODE: 1451337
PUBLISHER: IMARC | PRODUCT CODE: 1451337
The global surfboard market size reached US$ 2.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.
A surfboard refers to a narrow and elongated platform on which a surfer stands or lies while riding ocean waves. Earlier, it was only made using wood but nowadays, it is also produced using a variety of materials, such as polyurethane, polyester, fiberglass and styrofoam. The rising interest in surfing as a recreational and competitive sport has led to heightened demand for surfboards. As a result, they are available in a variety of shapes and sizes, depending on the experience of the riders and the kind of waves they intend to surf.
The market has experienced significant growth on account of the growing trend of surf tourism. Apart from this, electric surfboards have been gaining widespread preference over conventional surfboards as they provide superior torque, high water propulsion and allow individuals to surf in the absence of waves. Moreover, the rising popularity of adaptive surfing among disabled people has provided lucrative opportunities for key manufacturers. They have also introduced sustainable surfboards that are made using eco-friendly materials and assist in reducing carbon footprint during manufacturing. Besides this, they have been utilizing advanced technologies, such as computer-aided design/computer-aided manufacturing (CAD/CAM) systems, to help individuals modify surfboards according to their specifications. Consequently, water sports activities like surfing have been put on halt, but the industry is anticipated to grow once normalcy is regained.
IMARC Group provides an analysis of the key trends in each sub-segment of the global surfboard market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, material type, distribution channel and application.
Shortboards
Longboards
Fish Boards
Gun Boards
Others
Polyurethane
Balsa Wood
Others
Online
Offline
Recreational
Professional
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being Agit Global Inc., Beachbeat Surfboards, Brusurf LLC, Channel Islands Surfboards Inc. (The Burton Corporation), Global Surf Industries, Hobie Cat Company Inc., Haydenshapes Surfboards, Infinity Surfboards Incorporated, Keeper Sports Products LLC, Rusty Surfboards Inc. (Vegas Enterprises Pty Ltd.), Superbrand Surfboards and Xanadu Surfdesigns.