Board Sports

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Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US$6 trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

Global Board Sports Market to Reach $35 Billion by 2030

The global market for Board Sports estimated at US$20.4 Billion in the year 2022, is projected to reach a revised size of US$35 Billion by 2030, growing at a CAGR of 6.9% over the period 2022-2030. Summer Boardsports, one of the segments analyzed in the report, is projected to record 7.5% CAGR and reach US$32.8 Billion by the end of the analysis period. Growth in the Snowboarding segment is estimated at 0.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $10 Billion, While China is Forecast to Grow at 7.7% CAGR

The Board Sports market in the U.S. is estimated at US$10 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2030 trailing a CAGR of 7.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 6.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6% CAGR.

Select Competitors (Total 248 Featured) -

Adidas AG
Billabong International Ltd.
Aropec Sports Corporation
Beachbeat Surfboards
AJW Surfboards
Aquila Ltd.
Balance Designs, Inc. (Vew-Do Balance Boards)
Backcountry.com, LLC
Alohasurfboards
Almond Surfboards
AIPA Surf Company
Album Surfboards
Basque Country Surf Company S.L.
Bing Surfboards
Agit Global, Inc.

Product Code: MCP-6403

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021 and Beyond
- With IMF Making an Upward Revision of Global GDP for 2022, Companies Remain Bullish About an Economic Comeback
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Surfing Gear Businesses Remain Alive & Kicking during COVID-19 Pandemic
- YoY% Sales Growth in Surf Hardgoods in the US: Feb 2020, April 2020, June 2020, October 2020, December 2020, and March 2021
- Skiing and Snowboarding Industry Faces a Bumpy Ride
- Winter Sports to Stage Recovery from Pandemic Woes through Digitalization
- Improving Consumer Demand to Drive Winter Sports Gear Sales in 2021-2022 Season
- Influencer Market Insights
- World Market Trajectories
- Board Sports: A Prelude
- Insight into Key Segments
- Summer Board Sports
- Snowboarding
- Generic Factors Influencing the Board Sports Market
- Seasonality: A Characteristic of the Sport
- Economic Conditions
- Alternate Sports & Leisure Activities Cap Consumer Base
- Board Sports - Global Key Competitors Percentage Market Share in 2022 (E)
- Board Sports Competitor Market Share Scenario Worldwide (in %): 2020E
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Regional Landscape
- Key Board Sports Markets
- Surfing: The Most Popular Board Sports
- Evolution of Surfing
- Surfboards: An Introduction
- Global Market Prospects & Outlook
- Skiing and Snowboarding Market
- Asia and its Emergence as Next Skiing Destination
- Competition
- Market Share of Leading Players in the Global Board Sports Market: 2020
- Recent Market Activity
- World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Interest Among Women in Board Sports Opens Encouraging Prospects
- Favorable Demographics to Boost Sales of Surf Wear and Surf Gear
- Surfing Participation Worldwide: Number of Surfers (in Thousands) for Select Countries
- Women & Girls: The New Wave of Surfers
- World Surfing Participation by Gender: 2021
- Industry Witnesses Change in Average Age of Surfers
- World Surfing Participation by Age Group: 2021
- Key Technological Advances That Are Transforming Surfing Experience
- Modular Collapsible Surfboard
- Smart, Connected Surfboards Take Surfing Experience to New Level
- Surf Forecasting Improves Participation
- 3D Printed Surfboard & VR Surfing
- Drone Technology for Surfing
- Finding the Perfect Wave Using Smart phones
- Major Recent Design Innovations in Board Sports Equipment
- Increased Demand for Handmade and Customized Ski Equipment
- Key Future Design Improvements Expected in Surfboards
- Hi-tech Surfing Gains Interest
- Battery-driven Surfboard Powers Electric Surfing Market
- Rising Interest in Surfboard Volume Metrics to Lend Traction for Market
- Sustainable Practices Gain Prominence in Surfing Industry
- Wooden Surfboards: An Eco-friendly and Sustainable Option
- Carbon Technology to Improve Surfboards
- Use of Carbon Fiber Waste in Surfboard-Making
- Surfboards Find Use in Snowboarding
- Rising Popularity of Adaptive Surfing to Present Long-term Growth Prospects
- Artificial Wave Pools and Surf Parks Bring Surfing to Landlocked Areas: Potential for Surf Apparel and Gear
- Health + Wellness + Surfing: The New Mantra for Success for Surf Tourism
- Luxury Surf Tourism: Potential for Long-term Growth
- Online Channels Continue to Gain Traction
- Surfing Apparel: Focus Grows on Surf Wear Integrated with Functionality & Fashion
- Wetsuits: Recreational & Professional Surfing to Drive Gains
- Performance Surf Wear: Poised for Growth
- Windsurfing Sustains Hold
- Kiteboarding Gains Attraction in Select Markets
- Kiteboarding Participation in the US (in Millions): (2011-2020)
- Wakeboarding Gains Interest as an Extreme Sport
- Manufacturers Target Ski & Snowboard Market with New Gear Options
- Splitboarding Gains Popularity
- Ski Resorts & Snowboard Businesses Feel Heat from Global Warming & Climate Change
- Adapting to Change
- Sustainability Concept Becomes More Audible in Surfboard & Snowboard Space
- Snowboard Makers Eye on Sustainability
- Backcountry Skiing and Snowboarding Gains Interest
- Demographics of Winter Sports
- Advanced Technology, and Performance Apparel Spearhead Market Growth
- Snowboarding Fashion: Plethora of Fresh Styles Hitting Retail Stores
- Technology Paves the Way for Unique and Sophisticated Products
- Skateboards Targeted at Women Offer Significant Growth Opportunities
4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Board Sports Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
- TABLE 2: World Recent Past, Current & Future Analysis for Board Sports by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 3: World Historic Review for Board Sports by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- TABLE 4: World 16-Year Perspective for Board Sports by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2023 & 2030
- TABLE 5: World Recent Past, Current & Future Analysis for Summer Boardsports by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 6: World Historic Review for Summer Boardsports by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- TABLE 7: World 16-Year Perspective for Summer Boardsports by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
- TABLE 8: World Recent Past, Current & Future Analysis for Snowboarding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 9: World Historic Review for Snowboarding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- TABLE 10: World 16-Year Perspective for Snowboarding by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030

III. MARKET ANALYSIS

UNITED STATES
- Market Facts & Figures
- US Board Sports Market Share (in %) by Company: 2020 & 2027
- Summer Boardsports (Segment) Market Share Analysis (in %) of Leading Players in the US for 2020 & 2027
- Snowboarding (Segment) Competitor Revenue Share (in %) in the US: 2020 & 2027
- Board Sports Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
- Market Overview
- US Surfing Industry
- V Shape Recovery in Sales Amidst the COVID-19 Pandemic
- Number of Participants in Surfing Activity in the US (2011-2020) (in '000s)
- Younger Demography and Growing Interest in Surfing Offer Bright Outlook
- Number of Youth Participants in Surfing Activity in the US (2006-2020) (in '000s)
- Surfing Stats
- US Surfing Frequency: Percentage Breakdown of Surfer Population by Frequency of Surfing
- Surfing Participation in the US: Percentage Breakdown by Casual Surfers and Core Surfers for 2021
- Boardsailing and Windsurfing Participation in the US (in Million): (2011-2020)
- Surf Parks and Wave Pools Drive Opportunities for Surfing Equipment & Products ,
- Snowboarding Remains Popular
- Participation in Snowboard 2011/20212 to 2019/2020
- US Winter Sports Participation by Activity: 2020
- The US Snowboards Participation by Age Group: 2019/2020
- US Snowboarding Participation by Gender: 2019/2020
- Skateboarding Participation in the US (in Millions): 2011-2020
- Market Analytics
- TABLE 11: USA Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 12: USA Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- TABLE 13: USA 16-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2014, 2023 & 2030
CANADA
- Market Overview
- TABLE 14: Canada Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 15: Canada Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- TABLE 16: Canada 16-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2014, 2023 & 2030
JAPAN
- Board Sports Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
- TABLE 17: Japan Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 18: Japan Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- TABLE 19: Japan 16-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2014, 2023 & 2030
CHINA
- Board Sports Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
- Market Overview
- TABLE 20: China Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 21: China Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- TABLE 22: China 16-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2014, 2023 & 2030
EUROPE
- Market Facts & Figures
- European Board Sports Market: Competitor Market Share Scenario (in %) for 2020 & 2027
- Summer Boardsports (Segment) Market Share (in %) by Company in Europe: 2020 & 2027
- Snowboarding (Segment) Market Share (in %) of Major Players in Europe: 2020 & 2027
- Board Sports Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
- Market Overview
- Surfing Industry
- Surfing Population in Europe: Percentage Breakdown of Surfers by Gender for 2021
- European Surfboard Market Breakdown by Custom Surfboards and Industrial/Molded Surfboards for 2021
- Surfing Market Amid the Pandemic
- Market Analytics
- TABLE 23: Europe Recent Past, Current & Future Analysis for Board Sports by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- TABLE 24: Europe Historic Review for Board Sports by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- TABLE 25: Europe 16-Year Perspective for Board Sports by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2023 & 2030
- TABLE 26: Europe Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 27: Europe Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- TABLE 28: Europe 16-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2014, 2023 & 2030
FRANCE
- Board Sports Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
- TABLE 29: France Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 30: France Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- TABLE 31: France 16-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2014, 2023 & 2030
GERMANY
- Board Sports Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
- TABLE 32: Germany Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 33: Germany Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- TABLE 34: Germany 16-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2014, 2023 & 2030
ITALY
- TABLE 35: Italy Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 36: Italy Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- TABLE 37: Italy 16-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2014, 2023 & 2030
UNITED KINGDOM
- Board Sports Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
- TABLE 38: UK Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 39: UK Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- TABLE 40: UK 16-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2014, 2023 & 2030
SPAIN
- TABLE 41: Spain Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 42: Spain Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- TABLE 43: Spain 16-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2014, 2023 & 2030
RUSSIA
- TABLE 44: Russia Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 45: Russia Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- TABLE 46: Russia 16-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2014, 2023 & 2030
REST OF EUROPE
- TABLE 47: Rest of Europe Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 48: Rest of Europe Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- TABLE 49: Rest of Europe 16-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2014, 2023 & 2030
ASIA-PACIFIC
- Board Sports Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
- Regional Market Overview
- Australia- A Major Market for Surfing
- COVID-19 Pandemic and Growth Opportunities for Surfing Market
- Cheap Foreign Imports Impact Local Surfboard Manufacturing
- Surf Apparel Market: Overview
- India
- TABLE 50: Asia-Pacific Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 51: Asia-Pacific Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- TABLE 52: Asia-Pacific 16-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2014, 2023 & 2030
REST OF WORLD
- Regional Market Overview
- Brazil
- Africa
- TABLE 53: Rest of World Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- TABLE 54: Rest of World Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- TABLE 55: Rest of World 16-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2014, 2023 & 2030

Board Sports

Description

Table of Contents

TABLE OF CONTENTS

I. METHODOLOGY

II. EXECUTIVE SUMMARY

III. MARKET ANALYSIS

IV. COMPETITION