Surfboard Market Size Worth $5,198.04 Million By 2032 | CAGR: 7.74%

The global surfboard market size is expected to reach USD 5,198.04 million by 2032, according to a new study by Polaris Market Research. The report “Surfboard Market Share, Size, Trends, Industry Analysis Report, By Product (Shortboards, Longboards); By End User; By Distribution Channel; By Region; Segment Forecast, 2023- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Innovations in the surfboard due to evolving technology are influencing the market's growth. According to the insights of Lift Foils, Foiling is expanding the range of surfable environments. Most companies' sales come from customers not residing near the ocean. They resemble women in their 50s who reside close to lakes. Lift Foils sold over 4,000 products last year. This demand is expected to continue in upcoming years.

The market will expand due to the ongoing innovation of surfboard designs. Producers are making improvements to the features of surfboards. The preference of many surfers is to create their surfboards. For example, the Vanguard surfboard, created by Australian surfboard shaper Daniel Thomson, has a noseless design, straight rails, and an angular tail. The surfboard's weight has been decreased by removing the nose. This surfboard has a broader nose and tail than a typical shortboard, which maintains the same amount of rail in the water and provides the same volume. Furthermore, the parallel rails let water flow around the surfboard more efficiently. Because of this, the waves move more quickly through the water and experience less drag.

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Surfers still seek surfing activities to state their thirst for fun, excitement, and adventure. In the absence of waves, surfers may still enjoy the sport because of the electrical design of their boards. The landscape of the surfing business is projected to change as demand for electric water sports increases. Surfers will be encouraged to employ highly advanced surfboards to enhance performance with these technologies. The sales of technologically sophisticated surfboards will consequently rise.

Surfboard Market Report Highlights

• Shortboards segment is anticipated to grow due to the increased popularity among professional surfers, the growing demand for performance-oriented surfboards, and advancements in surfboard technology.
• Recreational segment accounted for the higher growth rate owing to the growing interest in surfing, expansion of surfing destinations, increase in disposable income, and the emergence of surfing as a family activity.
• Offline distribution channel is projected to experience significant growth rate due to the wider reach, personalized customer experience and strong relationships with surfboard brands.
• North America is expected to grow at a significant growth rate owing to the growing popularity of surfing, the expansion of surfing destinations and the high purchasing power of consumers.
• The global players include Agit Global, Beachbeat Surfboards, Catch Surfboard, Channel Island Surfboards, Matt Adams Surfboards, Ride Awake, Roland Surfboards, Rusty Surfboards, Safari Surf-boards, Shred and Speed, Tahe Kayaks & WaveShark.

Polaris Market Research has segmented the surfboard market report based on product, end user, distribution channel and region:

Surfboard, Product Outlook (Revenue - USD Million, 2019 - 2032)

• Shortboards
• Longboards

Surfboard, End User Outlook (Revenue - USD Million, 2019 - 2032)

• Recreational users
• Professional users

Surfboard, Distribution Channel Outlook (Revenue - USD Million, 2019 - 2032)

• Offline
• Online

      Surfboard, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa