Surfboard Market to See Incredible Growth at a CAGR of 6.7 % by 2026, Acc. to Fact.MR’s Report

Rockville, US, 2018-Jul-17 — /EPR Network/ — Fact.MR foresees a high value growth for the global surfboard market in the near future. During the period, 2017-2026, the global market for surfboards is likely to reflect robust expansion at a CAGR of 6.7% in terms of value. Surfers from developed economies will increase their spending of surfboards to improve their surfing skills by adopting surfboards with advanced hydrodynamics. Through 2026, it has been estimated that majority of surfboards will be sold in the US and Canada, fostering North America’s dominance in the global surfboard market.

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Sales of Longboards and Shortboards to account for 56% Share of Global Market Value

In the future, participants of the surfing world will be preferring to shortboards over other types of surfboards. The advantage of using shortboards for greater maneuverability and in competitive events will drive their sales in the coming years. By 2026-end, over 35% of surfboards sold globally will be shortboards. It has been further estimated that the share of longboards in the global surfboard market value will size up to 21% by the end of the forecast period. Longboards may come at high costs and will be heavier than shortboards and other types of surfboards, but their stability characteristics and noseriding capabilities will keep them in vogue among surfers worldwide.

Institutional Buying to Reflect High Profitability

Surfboard manufacturers will be able to translate high profits when the institutional buying increases in the coming years. Surfing academies and private sports institutions tend to buy surfboards in bulk amounts. The high volume sales associated with institutional buying of surfboards will be driving the market’s growth to a considerable extent. Throughout the forecast period, almost every other surfboard manufactured in the world will be bought by such institutions.

Competition Tracking: Production of Electric Surfboards to Soar

Majority of surfboard manufacturers in the world are tapping the key market opportunity of equipping their products with electric components an electronic features. Battery-powered surfboards are being developed in European countries such as Germany, and their popularity is gaining traction over the past year. Companies are using carbon fiber materials to develop surfboard with ideal weights and hydrodynamics. Channel Islands Surfboards, Firewire Surfboards, GSI, Agit Global, BIC Sports, Billabong International, BruSurf, Greco Surf, Hydenshapes, Infinity Surfboards, Keeper Sports Products, Mt Woodgee Surfboards, NSP, Yuan Sports, and Quiksilver are expected to actively instrument the global surfboard production in the coming years.

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Table of Contents:

1. Global Business Outlook
2. Global Surfboard Market – Executive Summary
   2.1. Opportunity Assessment
3. Global Surfboard Market Overview
   3.1. Introduction
   3.1.1. Global Surfboard Market Taxonomy
   3.1.2. Global Surfboard Market Definition
   3.2. Global Surfboard Market Size (US$ Mn) and Forecast, 2012-2026
   3.2.1. Global Surfboard Market Y-o-Y Growth
   3.3. Global Surfboard Market Dynamics
   3.4. Supply Chain
   3.5. Cost Structure
   3.6. Pricing Analysis
   3.7. Water Based Sports & Recreation: Facts & Figures
   3.8. Top Surfing Destinations
   3.9. Surfing Facilities – Global Mapping
   3.10. Surfing Industry Overview
   3.11. Consumer Sentiment Analysis
   3.12. Surf Tourism
   3.13. Key Marketing Strategies
   3.14. Surfing Sponsorships Overview
   3.15. Surfing Accidents Analysis
   3.16. Surfing Competitions & Medals- Region Wise Analysis
   3.17. Surfboard Market – Key Developments
   3.18. Surfing Expenditure
   3.19. Road to Surfing Industry Development
   3.20. Wheel of Fortune
   3.21. Product Life Cycle
   3.22. Porter’s Analysis
   3.23. PEST Analysis
   3.24. Key Participants Market Presence (Intensity Map) By Region
4. Global Surfboard Market Analysis and Forecast 2012-2026 
   4.1. Global Surfboard Market Size and Forecast By Product Type, 2012-2026
   4.1.1. Shortboard Market Size and Forecast, 2012-2026

Continued…………..

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