The global Surfing Equipment market size is expected to be worth around US$ 10.47 billion by 2030, according to a new report by Vision Research Reports.
The global Surfing Equipment market size was valued at US$ 6.88 billion in 2020 and is anticipated to grow at a CAGR of 8.4% during forecast period 2021 to 2030.
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Growth Factors
The primary factor driving the market growth is the push by surfing equipment manufacturers, marketers, and associations to make surfing much more approachable than it has been in previous years. In addition, increased interest in surfing due to the growing focus of consumers on wellness and fitness will support the market growth. Over the years, surf tourism has had a considerable impact on the demand for surfing equipment and apparel.
In recent years, increased accessibility and affordability have attracted a large number of surfers from many demographic groups. Due to the use of wave pools for training, surfing has become more accessible to people who do not live near a beach. Surfers who can access these pools can train regardless of the weather and at any time of the day. Thus, an increasing number of wave pools has increased the demand for surfing equipment.
Report Highlights
The surfing boards segment dominated the market with a revenue share of more than 68% in 2020. During the forecast period, sales of surfing boards will be boosted due to the rising engagement in surfing, growing surf tourism, and increasing disposable income levels. Fins, leash, surf wax, surf earplugs, surfboard bag, surf poncho, boots, hoods, gloves, and surf watches are all essential surfing accessories in addition to surfboards and surfing clothes.
The offline distribution channel segment accounted for the largest revenue share of over 85% and will retain its leading position throughout the forecast period. However, the online segment is estimated to register the fastest CAGR from 2021 to 2030 due to technical improvements and the increasing importance given to online platforms for purchasing surfing equipment, particularly by consumers looking for bargains.
North America accounted for the largest revenue share of more than 47%. The growing popularity of surfing among adventure enthusiasts in North America is fueling the product demand in the region. In 2020, the surfing boards category held a considerable share of the North America regional market and the trend is likely to continue during the forecast period.
Key Players
| Report Coverage | Details |
| Market Size | US$ 10.47 billion by 2030 |
| Growth Rate | CAGR of 8.4% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Distribution Channel |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Billabong; Quiksilver, Inc.; JS Industries; Channel Islands Surfboards; Nike, Inc.; Firewire Surfboards, LLC; Rusty Surfboards; Rip Curl. Ltd.; Cannibal Surfboards; O’Neill |
Market Segmentation
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Surfing Equipment Market, By Biopsy Product
7.1. Surfing Equipment Market, by Biopsy Product, 2021-2030
7.1.1. Surfing Boards
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Apparels & Accessories
7.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Surfing Equipment Market, By Distribution Channel
8.1. Surfing Equipment Market, by Distribution Channel, 2021-2030
8.1.1. Online
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Offline
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Surfing Equipment Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.1.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.1.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.1.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.2.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.2.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.2.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.2.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.2.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.3.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.3.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.3.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.3.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.4.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.4.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.4.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.4.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.5.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Biopsy Product (2017-2030)
9.5.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
Chapter 10. Company Profiles
10.1. Billabong
10.1.1. Company Overview
10.1.2. Biopsy Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Quiksilver, Inc.
10.2.1. Company Overview
10.2.2. Biopsy Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. JS Industries
10.3.1. Company Overview
10.3.2. Biopsy Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Channel Islands Surfboards
10.4.1. Company Overview
10.4.2. Biopsy Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Nike, Inc
10.5.1. Company Overview
10.5.2. Biopsy Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Firewire Surfboards, LLC
10.6.1. Company Overview
10.6.2. Biopsy Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Rusty Surfboards
10.7.1. Company Overview
10.7.2. Biopsy Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Rip Curl. Ltd.
10.8.1. Company Overview
10.8.2. Biopsy Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Cannibal Surfboards
10.9.1. Company Overview
10.9.2. Biopsy Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. O’Neill
10.10.1. Company Overview
10.10.2. Biopsy Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
Glossary of Terms
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