Stand Up Paddle Board Market to Record a Notable 11.9% Value CAGR by 2032 End

Dublin, Ireland, 2022-Nov-23 — /EPR Network/ —

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Stand Up Paddle Board market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Stand Up Paddle Board

The report offers actionable and valuable market insights of Stand Up Paddle Board. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Stand Up Paddle Board Market across various industries and regions.

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The global stand up paddle board market is estimated at USD 1.5 Billion in 2022 and is forecast to surpass USD 3.8 Billion by 2032, growing at a CAGR of 9.7% during 2022-2032.

Report Attributes Details
Base Year Value (2021A) USD 1.4 Billion
Estimated Year Value (2022E) USD 1.5 Billion
Projected Year Value (2032F) USD 3.8 Billion
Global Growth Rate (2022-2032) 9.7%

This newly published and insightful report sheds light on Market Insights of Stand Up Paddle Board, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Stand Up Paddle Board Market.

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Global Stand Up Paddle Board Market by Category

  • By Product Type :

    • All-round SUP Board
    • Flatwater SUP Board
    • Race SUP Board
    • Surf SUP Board
  • By Length :

    • <9 Feet’s
    • 9 to 12 Feet’s
    • >12 Feet’s
  • By Material Type :

    • PVC
    • Epoxy
    • Fibre Glass
    • Plastics
  • By Board Type :

    • Surf SUP Board
    • Inflatable SUP Board
  • By Application :

    • Surfing
    • Touring/ Cruising
    • Racing
    • Fitness
  • By Consumer Orientation :

    • Adults
    • Kids
  • By Sales Channel :

    • Online Sales Channel
    • Direct to Customer
    • Third Party Online
    • Franchised Sport Outlet
    • Retail Sports Outlet
    • Modern Trade Channel
    • Specialty Stores

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Competitive Landscape

According to the market analysis, the top manufacturers of stand up paddle board are Anhui Light Industries International Co. Ltd, SURFTECH, LLC., Tahoe SUP, Tahe Outdoors, Starboard and Hobie Cat Company.

To increase the global penetration in the profitable areas, the above mentioned players are opting for combination of inorganic and organic growth strategies which include launching of new products, product modification and constructive collaboration and partnership with small manufacturer or startup to boost their sales and increase Company’s profitability and match the latest trends in the standup paddle board industry.

  • In 2021, Blue Planet Surf announced the takeover of the management of Tropical Rush Store. This development is expected to increase the sales of its standup paddle board and the demand for the company’s standup paddle board rental services.
  • In 2019Funky Sup launched a new standup paddle board with 2D & 3D photos of sea animals for kids.
  • In 2021Dunn-rite Products launched new floral inflatable stand up paddle board with a maximum weight capacity of 435lbs and a width of 32 inches.

Similarly, recent developments related to companies offering stand up paddle board have been tracked by the team at Fact.MR, which are available in the full report

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Key Question answered in the survey of Stand Up Paddle Board market report:

  • Sales and Demand of Stand Up Paddle Board
  • Growth of Stand Up Paddle Board Market
  • Market Analysis of Stand Up Paddle Board
  • Market Insights of Stand Up Paddle Board
  • Key Drivers Impacting the Stand Up Paddle Board market
  • Which are the Key drivers impacted by Stand Up Paddle Board market
  • Restraints Shaping Market Growth
  • Market Survey of Stand Up Paddle Board

More Valuable Insights on Stand Up Paddle Board Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Stand Up Paddle Board, Sales and Demand of Stand Up Paddle Board, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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