With vast stretches of beaches becoming more accessible for recreational water sports such as surfing, the demand for key equipment. Participation in surfing is gaining traction across the coastlines of South America, North America and Europe. The recreational pursuit of surfing has instrumented a surging demand for surfboards across the globe. Fact.MR’s latest report envisages a robust growth for the global surfboard market in the foreseeable future.
Request Sample Report with Table of Contents, Tables and Figures- https://www.factmr.com/connectus/sample?flag=S&rep_id=422
According to the findings, the global surfboard market is expected to expand at a CAGR of 6.7% in terms of value, during the period of assessment, 2017-2026. Designs of surfboards are expected to be transformed in the coming years. Manufacturers want to provide surfboards with advanced hydrodynamics, supported by the extensive use of lightweight hybrid materials that improve the surfing capabilities of these boards. The popularity of surfboards in the US and Canada is pegged to become the dominant of North America in the global surfboard market. In the coming years, more than 40% of surfboards are manufactured in the US and Canada coastlines.
Channel Islands Surfboards, GSI, Firewire Surfboards, BIC Sports, Agit Global, BruSurf, Billabong International, Hydenshapes, Greco Surf, Keeper Sports Products, Infinity Surfboards, NSP, Mt Woodgee Surfboards, Quiksilver, and Yuan Sports are considered the prominent manufacturers of Surfboard in the world. Their contribution to the global surfboard market has been extensively profiled in the report. Several manufacturers want to introduce advanced features in their offerings, which include new electronic components, battery-powered maneuverability and smart speedometers.
- Institutional buyers to reflect high profitability for market players
Majority of surfboards sold in the world wants to be surfing academies, water sports clubs, and private surfing schools, among others. These institutions want to buy bulk units of surfboards, which will translate into high profits for manufacturers. Over the forecast period, nearly 51% of surfboards sold in the world wants to be bought by institutions. Dwindle as many wants to prefer leasing or renting these equipment for a temporary basis.
To know more about Surfboard Market Trends, check the link – https://www.factmr.com/report/422/surfboard-market
- Longboards and shortboards to collectively represent 56% of the overall market value by 2026-end
Shortboards wants to be a top-selling product in the global surfboard market. In the future, surfers will prefer shortboards for their advantage in terms of greater maneuverability, and will make them a sought-after competitive surfing events. Longboards, on the other hand, wants to reflect a global market value. Noseriding capabilities of longboards wants to drive their sales.
- Sales of Surfboards Through Direct-to-Customer Online Channels CAGR during 2017-2026
The largest sales channel for surfboards will be represented by sports variety stores. By the end of 2026, more than 35% of surfboards will be sold through these channels across the globe. However, the report also reveals that direct-to-customer online channels will reflect a robust value CAGR of 9.1% over the forecast period. Offering a range of customization levels and personalization features to the surfboards will drive their sales through direct-to-customer online channels.
Buy this Report- https://www.factmr.com/checkout/422/S
About Fact.MR
Fact.MR is a full-growing suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/