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. Growing demand for electric surfboard and increasing development of eco- friendly boards are the factor for the market growth.
This surfing boards market research report serves the purpose of businesses of making enhanced decisions, deal with marketing of goods or services, and achieve better profitability by prioritizing market goals. Keeping in focus the customer requirement, this finest market research report is constructed with the professional and in-depth study of FMCG industry. Market segmentation studies conducted in this report with respect to product type, applications, and geography are valuable in taking any verdict about the products. With the use of up to date and verified tools and techniques, complex market insights are organized in simpler version in this surfing boards report for the better understanding of end user.
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Key Market Competitors:
Few of the major competitors currently working in the global surfing boards market are CHANNEL ISLANDS SURFBOARDS, Global Surf Industries., Agit Global, Inc, Billabong, BruSurf, Keeper Sports Products., MT WOODGEE SURFBOARDS, SHANGHAI YUAN SPORTS CO., LTD, Quiksilver, kinaroad, Pro-Lite., INDI SURFBOARDS, Blue Sea Watersports., Toy Factory Surfboards., Shop Rusty Surfboards., XANADU SURF DESIGNS, SURFTECH, LLC, McTavish Surfboards, The Muskoka Surfboard Company, Woodpecker Natural Surfboards, among others.
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.
- 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
(Shortboards, Longboards, Funboards, Foam Board, Other),
(Wood, Polyurethane, Polystyrene Foam),
(Specialty Stores, Department Stores, Hypermarkets, Supermarkets, Online Retail),
(Entertainment, Sports Competition, Others),
(North America, Europe, Asia-Pacific, South America, Middle East and Africa)
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