Surfing Boards Market Report 2024

Where is the largest and fastest growing market for surfing boards? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more. The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The surfing boards market size has grown strongly in recent years. It will grow from $2.88 billion in 2023 to $3.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to the increasing popularity of water sports, rising disposable incomes, advancements in board materials, the expansion of surfing tourism, celebrity endorsements, heightened environmental awareness, urbanization, and the development of surfing facilities.

The surfing boards market size is expected to see strong growth in the next few years. It will grow to $4.09 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to increased participation in surfing among women, health and wellness trends, the expansion of online retail, sustainable practices, emerging markets, and the rise of competitive surfing leagues. Major trends expected during this period include smart board technology, electric surfboards, customization and personalization, the use of biodegradable materials, augmented reality (AR) in training, hybrid board designs, and the incorporation of artificial intelligence (AI) in board design.

The increasing awareness of outdoor sports activities is expected to drive the growth of the surfing board market. These activities include physical sports primarily conducted outdoors in natural environments such as parks, forests, mountains, and bodies of water. The rising awareness of these activities is due to their recognized health benefits, including physical fitness, mental well-being, and the social trend towards experiential activities that promote community and social interactions. Innovations in surfing boards enhance performance, safety, and enjoyment for outdoor sports enthusiasts, much such as how travel management software simplifies and streamlines corporate travel while ensuring cost control, policy enforcement, and employee well-being. For example, the Outdoor Participation Trend report by the Outdoor Industry Association (OIA), a US-based non-profit organization, stated in June 2023 that the outdoor recreation participant base increased by 2.3% in 2022, reaching a record 168.1 million participants compared to 164.2 million in 2021, representing 55% of the U.S. population aged six and older. Therefore, the growing awareness of outdoor sports activities is driving the surfing board market.

Major companies in the surfing board market are developing sustainable products, such as electric surfboards, to meet the increasing consumer demand for higher performance and innovative features. Electric surfboards enhance the surfing experience by providing motorized propulsion, allowing riders to achieve higher speeds and perform maneuvers effortlessly on the water. For instance, in September 2023, Cyrusher, a US-based company that manufactures electric bikes and electric surfboards, launched the Cyrusher Thunder electric surfboard. This high-performance board has a top speed of 44 mph (70 km/h) and a jet pump powered by a 5 kW continuous-rated and 10 kW peak-rated electric motor. The board measures 66 inches (1.68 meters) and features a waterproof 72V and 50Ah battery, providing a 3.6 kWh capacity for up to 60 minutes of riding time. A full recharge takes two to three hours. It includes a wired remote control that also functions as a hand rope for safety, adjustable foot bindings for maneuverability, and weighs 18 kg (40 lb.) dry. Despite the added weight of the battery (22 kilograms or 48.5 lb.), it remains convenient for transport and use in water sports.

In September 2023, Brunswick Corporation, a US-based company specializing in recreational marine products and services, acquired Fliteboard for an undisclosed amount. This acquisition aims to strategically enter and expand within the emerging electric-foiling surfboard market. Brunswick, through its Mercury Marine division, plans to leverage Fliteboard's innovative designs and manufacturing capabilities to scale production and distribution. Fliteboard, an Australia-based company, specializes in manufacturing e-foiling surfboards.

Major companies operating in the surfing boards market are Quiksilver Inc., Rip Curl Group Pty Ltd, Tahe Outdoors OÜ, Boardworks Surf Inc., Channel Islands Surfboards Inc., Bing Surfboards, O'Neill Inc., Firewire Surfboards LLC, DHD Surfboards Pty Ltd, JS Industries Pty Ltd, Lost Surfboards LLC, HaydenShapes Surfboards Pty Ltd, Rusty Surfboards Pty Ltd, Surftech LLC, Surf Diva Surfboards LLC, Tokoro Surfboards, Surftech USA LLC, NSP Surfboards, Stewart Surfboards Inc., Infinity SUP, Global Surf Industries Pty Ltd, Hot Buttered Surfboards, Lib Tech Surf LLC, Walden Surfboards, Avila Surfboards.

North America was the largest region in the surfing boards market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surfing boards market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the surfing boards market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Surfing boards are specialized equipment used for riding ocean waves in the sport of surfing. Designers create these boards in various lengths, widths, and materials to accommodate different surfing styles and skill levels, incorporating fins for added stability and control. The boards feature a streamlined shape to enhance buoyancy and maneuverability on water.

The main types of surfing boards include shortboards, longboards, funboards, foam boards, and others. Shortboards are typically under 7 feet in length and are designed for maneuverability and performance in large and steep waves. The materials used in these boards include wood, fiberglass, foam, epoxy, polyurethane, and polystyrene. They are distributed through both online and offline channels and are used in various applications such as entertainment and sports competitions, catering to both kids and adults.

The surfing boards market research report is one of a series of new reports that provides surfing boards market statistics, including surfing boards industry global market size, regional shares, competitors with an surfing boards market share, detailed surfing boards market segments, market trends and opportunities, and any further data you may need to thrive in the surfing boards industry. This surfing boards market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The surfing boards market consists of sales fish boards, gun boards, hybrid boards, tow-in boards, and stand-up paddle (SUP) boards. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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