PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1400741
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1400741
The global surfboard market is making a splash as it gears up to ride the waves of exponential growth, with projections indicating a significant increase from a valuation of US$ 3.9 billion in 2024 to a staggering US$ 6.3 billion by the end of 2031. This growth reflects the ever-increasing popularity of surfing as both a recreational pastime and a competitive sport.
Surfing: A Sport with Health and Fitness Benefits
Surfing, known for its exhilarating and enjoyable experience, is also becoming recognized for its myriad health and fitness advantages. Paddling a surfboard into the ocean not only provides a thrilling adventure but also strengthens arm, shoulder, and chest muscles. Furthermore, surfing has a profound impact on the cardiovascular system, improving heart health and potentially reducing the risk of heart-related issues.
Surfing Tourism as a Development Strategy
The global surfing tourism industry is riding the tide of expansion, with countries worldwide recognizing it as a strategic growth opportunity. Governments are investing in infrastructure improvements to attract tourists from across the globe, stimulating economic growth in primary, secondary, and tertiary sectors. The tourism and hospitality industries are making substantial contributions to national GDPs, thanks to the influx of surf-loving travelers.
Country-Wise Analysis: UK, US, and India
Competitive Analysis
Businesses in the surfboard industry are riding the wave of innovation, crafting sophisticated boards and enhancing the overall surfing experience. To bolster their global market presence and competitiveness, companies are focusing on advancements and cost-effective equipment. In response to intense competition, businesses are actively engaging in new product launches, partnerships, agreements, and mergers to increase their market share.
Key Segments Covered in Surfboard Industry Research