by The surfing board market comprises soft-top boards, hardboards, and bodyboards used for riding ocean waves. Made of polyurethane or epoxy foam cores with fiberglass skins, surfboards offer buoyancy, durability, and maneuverability for gliding atop waves. Lightweight soft-top boards are suitable for beginners, while high-performance shortboards and longboards cater to advanced surfers. The global surfing board industry is driven by the sport’s rising popularity as a recreational water activity and lifestyle.
The Global Surfing Board Market is estimated to be valued at US$ 3.17 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2031.
Key players operating in the surfing board market are Kallialay Original Series, Blu Surfboards, Nico Erni, Coral Surfboards, Alai Surfboards, Kove Kraft, ThunderMonkey, NSP, Haydenshapes, Firewire, FCS, Prolite, Yolo Kayaks, Zinka Sunscreen, Showa Denko K.K., BIC Sport, Surftech, and Channel Islands Surfboards.
Key Takeaways
Key players: Kallialay Original Series, Blu Surfboards and Nico Erni dominate with sustainable eco-friendly board designs using recyclable materials like bamboo and recycled PET plastics.
Growing demand: Rising interest in water sports and beach lifestyles is fueling demand for surfboards globally. The availability of affordable soft-top and longboard models has boosted the participation of beginners.
Global expansion: Major players are expanding to untouched surfing regions like Africa and the Mediterranean to tap new customer bases and grow the sport internationally. Local boardmakers in emerging hotspots get support through funding and training as well.
Market Key Trends
The use of sustainable and eco-friendly materials like bamboo, recycled plastics and bioresins is a major trend in the Surfing Board Market Size industry. Customers are willing to pay more for ethically-produced boards that cause less harm to the environment. Top brands offer “green” collections made of recycled, recyclable or rapidly renewable resources to attract conscious consumers and promote responsible surfing.
Porter’s Analysis
Threat of new entrants: The surfing board market has moderate threat of new entrants as it requires significant capital to enter this market and establish brand presence. Bargaining power of buyers: Individual buyers have low bargaining power against established surfing board brands while commercial buyers like surf schools may have higher bargaining power. Bargaining power of suppliers: Surfing board manufacturers have moderate bargaining power over raw material suppliers due to availability of alternative materials and suppliers. Threat of new substitutes: There is low threat of substitution in this market as surfing continues to grow in popularity as a recreational activity. Competitive rivalry: The surfing board market features high competition among established global and regional brands.
The geographical region where the surfing board market is concentrated in terms of value is North America. This region accounts for the largest market share currently due to popularity of surfing on both US west coast and eastern coastlines.
The fastest growing region for the surfing board market in the forecast period is Europe. Growing interest in water sports and surfing academies opening up on western European coastlines are driving higher demand and market growth in countries like France, Portugal and UK.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Alice Mutum
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. LinkedIn
