The global stand-up paddleboard market size reached US$ 1.9 Billion in 2023. Looking forward, the market is projected to reach US$ 3.7 Billion by 2032, exhibiting a growth rate (CAGR) of 7.69% during 2023-2032. The rising popularity of leisure sports, the quick expansion of surfing competitions and events, and the expansion of alternative product distribution and sales channels network represent some of the key factors driving the market.
Stand-up paddleboard (SUP board) refers to a water-sports board that is primarily used in kayaking and surfing. Unlike traditional surfboards, these boards are longer, lighter, and wider, making them easier to balance during water sports. A stand-up paddleboard is operated by standing upright and propelling it with a long paddle. Stand-up paddle boarders use the board to maintain their balance when they are challenged by waves in the water, depending on the temperature of the water and the air around them. In general, paddleboards are used for sailing underwater, or surfing on offshore and flat-water lakes and rivers. In addition to this, SUP boards find widespread applications in large swimming pools, lakes, inland waterways, and canals. Stand-up paddleboarding is gaining traction as a water sport among swimming, Pilates, and yoga enthusiasts.
The market is further propelled by the increasing sponsorships and favorable initiatives undertaken by the governments of several countries for promoting various sports activities. Apart from this, the expanding network of alternative distribution and sales channels by the major market players to extend their geographical presence is fueling the market growth.
Along with this, the inflating disposable income levels of the masses, in confluence with significant growth in international tourism, are creating a positive outlook for the market. Some of the other factors contributing to the market include rapid urbanization, continuous improvements in the lifestyle of individuals, the increasing popularity of tropical regions for vacation, and extensive research and development (R&D) activities.
According to the report, North America was the largest market for stand-up paddleboard market. Some of the factors driving the North America stand-up paddleboard market included the emergence of several market players, increasing sponsorships and favorable initiatives taken by government for promoting surfing as a sport, expanding network of alternative distribution and sales channels, etc.
2. What is the expected growth rate of the global stand-up paddleboard market during 2024-2032?
3. What are the key factors driving the global stand-up paddleboard market?
4. What has been the impact of COVID-19 on the global stand-up paddleboard market?
5. What is the breakup of the global stand-up paddleboard market based on the product type?
6. What is the breakup of the global stand-up paddleboard market based on the length?
7. What is the breakup of the global stand-up paddleboard market based on the distribution channel?
8. What is the breakup of the global stand-up paddleboard market based on the application?
9. What is the breakup of the global stand-up paddleboard market based on the end user?
10. What are the key regions in the global stand-up paddleboard market?
11. Who are the key players/companies in the global stand-up paddleboard market?
Stand-up paddleboard (SUP board) refers to a water-sports board that is primarily used in kayaking and surfing. Unlike traditional surfboards, these boards are longer, lighter, and wider, making them easier to balance during water sports. A stand-up paddleboard is operated by standing upright and propelling it with a long paddle. Stand-up paddle boarders use the board to maintain their balance when they are challenged by waves in the water, depending on the temperature of the water and the air around them. In general, paddleboards are used for sailing underwater, or surfing on offshore and flat-water lakes and rivers. In addition to this, SUP boards find widespread applications in large swimming pools, lakes, inland waterways, and canals. Stand-up paddleboarding is gaining traction as a water sport among swimming, Pilates, and yoga enthusiasts.
Stand-Up Paddleboard Market Trends
The rapid utilization of stand-up paddleboards for various recreational and leisure activities is a significant factor driving the growth of the market. This can be attributed to a considerable rise in the number of surfing contests on the global level. In line with this, the rising popularity of surfing as adventure tourism among millennials and the younger population is providing an impetus to the market. Moreover, continual technological development and numerous product innovations are creating lucrative growth opportunities in the market. Besides this, the introduction of ‘user-friendly hand-on’ strategy by product designers and manufacturers for making new products for uninitiated end-users is providing a boost to the market.The market is further propelled by the increasing sponsorships and favorable initiatives undertaken by the governments of several countries for promoting various sports activities. Apart from this, the expanding network of alternative distribution and sales channels by the major market players to extend their geographical presence is fueling the market growth.
Along with this, the inflating disposable income levels of the masses, in confluence with significant growth in international tourism, are creating a positive outlook for the market. Some of the other factors contributing to the market include rapid urbanization, continuous improvements in the lifestyle of individuals, the increasing popularity of tropical regions for vacation, and extensive research and development (R&D) activities.
Key Market Segmentation
This report provides an analysis of the key trends in each segment of the global stand-up paddleboard market, along with forecasts at the global, regional, and country level from 2024-2032. The report has categorized the market based on product type, length, distribution channel, application, and end user.Product Type Insights:
- Solid SUP Boards
- Inflatable SUP Boards
Length Insights:
- Less than 10 Feet
- 10 Feet-11 Feet
- More than 11 Feet
Distribution Channel Insights:
- Online
- Offline
Application Insights:
- Surf
- All-round
- Flat-water or Touring
- Racing
- Others
End User Insights:
- Men
- Women
- Kids
Regional Insights
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
According to the report, North America was the largest market for stand-up paddleboard market. Some of the factors driving the North America stand-up paddleboard market included the emergence of several market players, increasing sponsorships and favorable initiatives taken by government for promoting surfing as a sport, expanding network of alternative distribution and sales channels, etc.
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global stand-up paddleboard market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Airhead Sports Group (Aqua-Leisure Recreation LLC), Boardworks Surf, Cascadia Board Co., F-ONE, Hobie Cat Company Inc., Imagine Surf LLC, Northwest River Supplies Inc., RAVE Sports Inc., Red Paddle Co., SUP ATX LLC, SurfTech LLC, Tahe Outdoors, Tower Paddle Boards, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
1. How big is the global stand-up paddleboard market?2. What is the expected growth rate of the global stand-up paddleboard market during 2024-2032?
3. What are the key factors driving the global stand-up paddleboard market?
4. What has been the impact of COVID-19 on the global stand-up paddleboard market?
5. What is the breakup of the global stand-up paddleboard market based on the product type?
6. What is the breakup of the global stand-up paddleboard market based on the length?
7. What is the breakup of the global stand-up paddleboard market based on the distribution channel?
8. What is the breakup of the global stand-up paddleboard market based on the application?
9. What is the breakup of the global stand-up paddleboard market based on the end user?
10. What are the key regions in the global stand-up paddleboard market?
11. Who are the key players/companies in the global stand-up paddleboard market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Stand-Up Paddleboard Market
6 Market Breakup by Product Type
7 Market Breakup by Length
8 Market Breakup by Distribution Channel
9 Market Breakup by Application
10 Market Breakup by End User
11 Market Breakup by Region
12 Drivers, Restraints, and Opportunities
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Airhead Sports Group (Aqua-Leisure Recreation LLC)
- Boardworks Surf
- Cascadia Board Co. F-ONE
- Hobie Cat Company Inc.
- Imagine Surf LLC
- Northwest River Supplies Inc.
- RAVE Sports Inc.
- Red Paddle Co. SUP ATX LLC
- SurfTech LLC
- Tahe Outdoors
- Tower Paddle Boards
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 136 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 1.9 Billion |
| Forecasted Market Value ( USD | $ 3.7 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
