Global Stand-up Paddle Board Market Size, Share, Growth Analysis, By Product(All-Round, Flatwater), By Material(PVC, Epoxy), By Board Type(Solid, Inflatable SUP Board), By Sales Channel(Offline, Online)

Description

Stand-up Paddle Board Market size was valued at USD 1.44 billion in 2021 and is poised to grow from USD 1.52 billion in 2022 to USD 2.39 billion by 2030, growing at a CAGR of 9.6% in the forecast period (2023-2030).

The stand-up paddle board (SUP) market is experiencing rapid growth, attracting new companies to enter the industry. SUP offers a versatile water sport that appeals to individuals of all ages and fitness levels. It provides an excellent opportunity for exercise and exploration, making it widely adopted among enthusiasts. SUPing stands out for its ease of learning, making it accessible to beginners, and ensuring a safe experience. Additionally, SUPing has a minimal impact on the environment, aligning with the growing environmental consciousness among consumers. As a result, more people are choosing SUP as a means to connect with nature and enjoy moments of tranquil relaxation.

Segments covered in this report:

The Global Phytogenic Feed Additives Market is segmented on the basis of form, type and region. By form, the market is segmented into dry and liquid. By type, market is segmented into essential oils, herbs & spices, oleoresins, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Driver

The recent growth in stand-up paddle boarding (SUP) popularity can be attributed to several key drivers. Firstly, SUP is widely embraced as a recreational and fitness sport worldwide. Fitness institutions have recognized its appeal and introduced SUP as a popular choice for fitness enthusiasts. Secondly, SUP is relatively easy to learn and accessible to beginners, requiring minimal experience or skills. This accessibility allows first-time paddlers to quickly get on the water and start enjoying the sport. Lastly, SUP provides a comprehensive workout that engages both upper and lower body muscles, improves balance, and offers a relaxing and enjoyable experience. These factors contribute to the increasing preference for SUP as a fitness and recreational activity.

Restraints

There are certain restraints that hinder the growth of the stand-up paddle board (SUP) market. The lack of awareness stands out as a prominent factor. Many individuals are simply unaware that the sport of SUP exists or that it could be an activity they might enjoy, which limits the potential market size.

Market Trends

The stand-up paddle board market continues to experience significant growth and popularity. The sport itself is relatively new, and people are increasingly discovering the numerous benefits it offers. In particular, the combination of yoga and paddle boarding is gaining traction, especially among women, as it provides a relaxing and fitness-oriented activity.

One of the key factors driving this growth is the user-friendly nature of stand-up paddle boards. The rising use of inflatable SUPs is making them more accessible and convenient for users. Inflatable SUPs are easier to handle, transport, and store compared to traditional hard boards, attracting a wider range of individuals to engage in the sport. Additionally, the versatility of SUPs makes them appealing for fitness purposes, providing a comprehensive workout for both the upper and lower body.

Product Code: SQSG30L2019

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Stand-up Paddle Board Market by Product

Market Overview
All-Round
Flatwater
Race
Surf SUP Board

Global Stand-up Paddle Board Market by Material

Market Overview
PVC
Epoxy
Fiberglass
Plastics

Global Stand-up Paddle Board Market by Board Type

Market Overview
Solid
Inflatable SUP Board

Global Stand-up Paddle Board Market by Sales Channel

Market Overview
Offline
Online

Global Stand-up Paddle Board Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Naish International
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Red Paddle Co
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BIC Sport
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Starboard
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mistral
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
SIC Maui
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
JP Australia
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Imagine Surf
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fanatic
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
RRD Roberto Ricci Designs
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
NSP
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Aqua Marina
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Slingshot Sports
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
F-one
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sunova
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Body Glove
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Jobe Sports
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Oxbow
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Aztron
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
GONGSUP
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Stand-up Paddle Board Market Size, Share, Growth Analysis, By Product(All-Round, Flatwater), By Material(PVC, Epoxy), By Board Type(Solid, Inflatable SUP Board), By Sales Channel(Offline, Online) - Industry Forecast 2023-2030