The surfboard market is projected to witness revenue generation of nearly US$ 950 Million, a Y-o-Y growth of over 6.5% in 2018 over 2017, according to Fact.MR valuation. A steady growth of the surfing industry and increasing accessibility of beaches for recreational activities are few of the prominent factors driving the surfboard market revenues.
Fact.MR study opines that sales of shortboards to outsell other surfboard categories. Continued preference for shortboards among surfers reserves the pole position of shortboards in the surfboard market. The status quo is likely to sustain in 2018 and hold nearly one third share of the surfboard market.
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North America Ascendancy Prevails in Surfboard Market
The popularity of surfing sports across the Atlantic and Pacific coasts of North America, South America and Europe presents lucrative opportunities for manufacturers. The ascendency of North American market share is estimated to prevail throughout the forecast period and the region will account for nearly 40% share of the global surfboard market in 2018. The U.S. is estimated to hold a hefty 71% share of the North America surfboard market.
According to Fact.MR, Europe is estimated to register demand for surfboards next to North America owing to increasing participation in surfing activities in these regions. In Western Europe, the UK is estimated to hold the greater market share and account for over one fourth of the Europe surfboard market share in 2018.
In the competitive landscape section of the surfboard market report, readers can find a dashboard view of the market players operating in the global landscape of the surfboard market.
The section also delivers information on the company profiles that covers product offerings, market size, global presence and notable developments of the key surfboard market players.
Few of the profiled players in the surfboard market include
- Channel Islands Surfboards
- Firewire Surfboards
- Agit Global
- BIC Sports
- Billabong International
- Greco Surf
- Infinity Surfboards
- Keeper Sports Products
- Mt Woodgee Surfboards
- Yuan Sports