The global market for Board Sports is estimated at US$25.3 Billion in 2023 and is projected to reach US$36.1 Billion by 2030, growing at a CAGR of 5.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the board sports market is driven by several factors, including the increasing popularity of extreme sports, the influence of social media, and advancements in equipment technology. The appeal of extreme sports, with their promise of excitement and adventure, has attracted a diverse and dedicated fanbase. Social media platforms have played a crucial role in this growth, allowing athletes and enthusiasts to share their experiences and inspire others, creating a global community. Innovations in equipment technology have made board sports more accessible and enjoyable, with manufacturers continuously improving the design and functionality of boards, protective gear, and accessories. Additionally, the development of indoor facilities and artificial environments, such as skate parks and wave pools, has provided more opportunities for year-round participation. The growing emphasis on health and fitness has also contributed to the market`s expansion, as individuals seek engaging and physically demanding activities. As these trends continue, the board sports market is expected to flourish, driven by the evolving interests of sports enthusiasts and the continuous innovation within the industry.
The growth in the board sports market is driven by several factors, including the increasing popularity of extreme sports, the influence of social media, and advancements in equipment technology. The appeal of extreme sports, with their promise of excitement and adventure, has attracted a diverse and dedicated fanbase. Social media platforms have played a crucial role in this growth, allowing athletes and enthusiasts to share their experiences and inspire others, creating a global community. Innovations in equipment technology have made board sports more accessible and enjoyable, with manufacturers continuously improving the design and functionality of boards, protective gear, and accessories. Additionally, the development of indoor facilities and artificial environments, such as skate parks and wave pools, has provided more opportunities for year-round participation. The growing emphasis on health and fitness has also contributed to the market`s expansion, as individuals seek engaging and physically demanding activities. As these trends continue, the board sports market is expected to flourish, driven by the evolving interests of sports enthusiasts and the continuous innovation within the industry.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Summer Boardsports segment, which is expected to reach US$33.8 Billion by 2030 with a CAGR of a 5.4%. The Snowboarding segment is also set to grow at 1.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $12.3 Billion in 2023, and China, forecasted to grow at an impressive 5.7% CAGR to reach $2.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Board Sports Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Board Sports Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Board Sports Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Adidas AG, Billabong International Ltd., Aropec Sports Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 248 Featured):
- Adidas AG
- Billabong International Ltd.
- Aropec Sports Corporation
- Beachbeat Surfboards
- AJW Surfboards
- Aquila Ltd.
- Balance Designs, Inc. (Vew-Do Balance Boards)
- Backcountry.com, LLC
- Alohasurfboards
- Almond Surfboards
- AIPA Surf Company
- Album Surfboards
- Basque Country Surf Company S.L.
- Bing Surfboards
- Agit Global, Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Adidas AG
- Billabong International Ltd.
- Aropec Sports Corporation
- Beachbeat Surfboards
- AJW Surfboards
- Aquila Ltd.
- Balance Designs, Inc. (Vew-Do Balance Boards)
- Backcountry.com, LLC
- Alohasurfboards
- Almond Surfboards
- AIPA Surf Company
- Album Surfboards
- Basque Country Surf Company S.L.
- Bing Surfboards
- Agit Global, Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 443 |
Published | November 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 25.3 Billion |
Forecasted Market Value ( USD | $ 36.1 Billion |
Compound Annual Growth Rate | 5.2% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |