Bodyboard Market Size, Share, Growth, and Industry Analysis by Type (Kinetic Polypro Core (PP), NRG Core, Polyethylene Core (PE), Tension Tech Cores (PE, NRG + PP) & EPS Core (Extreme Composite Core)), By End Users (Adults & Kids), Regional Insights, and Forecast From 2024 To 2032

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Bodyboard Market Report Overview

The global bodyboard market size was valued at USD 0.18 billion in 2023 and is projected to grow from USD 0.19 billion in 2024 to USD 0.33 billion by 2032, exhibiting a CAGR of 7.02% during the forecast period. Asia-Pacific holds leading position in bodyboard market share in 2023.

A bodyboard is a board from the modern era that has largely replaced surfing. The first boards were typically made of wood and had fins on both ends. Later, foam boards without a tail fin gained popularity because they made it easier for surfers to pull off tricks. Bodyboarders steer the board with their arms and legs while lying face down on the board. Both standing and kneeling are acceptable positions for riding the waves. Bodyboarding is well known for its violent wipeouts, which frequently result in stunning crashes. Because of these dangers, bodyboarding is a popular adrenaline sport.

Because there are so many different suppliers and service providers for bodyboarding, both manufacturers and customers can choose a provider based on convenience. Manufacturers are concentrating on product pricing by reducing operating costs and offering generous margins to distributors in order to gain a larger market share. Many of the top surfers in the world started out bodyboarding, and it makes learning to surf easier for beginners. The surfing industry's growth prospects have been boosted by the recent increase in surfing activity from around the world.

COVID-19 Impact: Industry Shutdown Causes Market Distortion

The global COVID-19 pandemic has been unprecedented and staggering, with bodyboard industry experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

For consumer goods companies, the COVID-19 outbreak resulted in issues like unstable markets, a decline in client confidence, and challenges with import and export business. The global supply chain includes the sourcing of raw materials, packaging, and distribution. Moving commodities, chemicals, and other items has become challenging due to lockdowns. It had a financial impact on the markets for consumers in addition to having an immediate impact on markets, supply chains, supply and demand, and all of these other things. Producers of consumers are focusing on protecting their workforce, operations, and supply networks in order to handle this urgent situation. The pandemic impacted the industry dynamics, forcing organizations to revamp their entire operation structures to maintain stability amid the disruptions. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall consumer industry. This has partially impacted the bodyboard industry.

LATEST TRENDS

"Surfing Related Products to Boost the Market Growth"

The essential Future trends are becoming more and more popular because they will increase the market's overall growth by driving the sale of surfing-related products. One such trend is the introduction of advanced manufacturing techniques. When compared to the manual methods of building boards, these techniques enhance the production process and save a sizable amount of time. These technologies enable designers to print finished drawings and contour templates, change dimensions and contours, and create 3-D images of new board designs. Some manufacturers have also started using CNC (computerized numerical controlled) shaping machines to make surfboards because they can shape and sand a board more quickly than the conventional process, which is another innovation. Thus, during the forecast period, the aforementioned factors are anticipated to fuel market growth. The global market will benefit from these factors. Thus, a key trend that is opening up potential for the industry to grow is the growing surfing related product in the market. These new developments are mostly to blame for the market's overall growth.

Bodyboard Market Segmentation

• By Types

Based on type, the market is classified into Kinetic Polypro Core (PP), NRG Core, Polyethylene Core (PE), Tension Tech Cores (PE, NRG + PP) & EPS Core (Extreme Composite Core).

• By End Users

Based on the end users market is categorized into Adults & Kids.

DRIVING FACTORS

"Rental Services that Give the Market Extra Boost"

The rental services are the main driver of market growth. It is challenging for businesses to survive in the turbulent environment due to market competition. Players in the market have begun providing rental services to transient clients in an effort to gain a competitive advantage over rival businesses and increase profits. The most typical type of material used to make these boards is the polyethylene core (PE). Due to its accessibility and low cost, it is primarily used by private surfers. Bodyboard producers are aiming for well-known rental companies that offer surfing gear and have a loyal clientele in the region in which they operate. This business model is being chosen by many businesses to diversify their service offerings internationally. To make bodyboarding, however, manufacturers have begun utilizing Kinetic Polypro Core (PP), which has a high strength-to-weight ratio and is more durable than PE against UV rays and scratches. As a result, the growth, and the increasing use of rental services will boost the market. It will contribute to the expansion of the consumer goods industry and it will improve the overall bodyboard market growth.

"Government Spending on Sports to Encourage Market Expansion"

Government spending on sports is another factor influencing the market. Market demand will be fueled by increased government investment in sports to improve athletes' performance in events like the Olympics and the World Surf League. Leading economies in the world are investing millions of dollars in leisure activities to train their players. In order to increase the popularity of the sport, sports associations priorities organizing trade shows. The popularity of sports has grown as a result of increased sports participation, which has raised demand for the related equipment. All of this is luring new entrants into the bodyboarding industry, whether they are buyers, suppliers, or distributors. Over the course of the forecast period, the market is anticipated to grow as a result of all these advanced features. As a result, these factors are collectively promoting market expansion, increasing company revenues. As a result, above mentioned factors will help the market to boost.

RESTRAINING FACTORS

"Boards with Fins to Impede Market Expansion"

Boards with fins are the obstacle to growth. Bodyboarding without fins are preferable because they enable quicker and easier wave catching, smoother wave riding, and greater maneuverability without the risk of the fins snapping. Fin-equipped boards have their benefits, but they typically end up being more trouble than they are worth. As you ride the waves, fins on the product cause drag. which will cause you to slow down and give up speed. The fins on these boards prevent you from performing certain tricks, such as 360s, on your board. They prevent you from surfing the waves to your full potential. This factor is impeding market expansion. This may be a significant issue limiting market expansion. If this problem is fixed, the market will start to grow right away.

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Bodyboard Market Regional Insights

"North America Dominating the Market Across the Globe"

The market for bodyboard is in North America has benefited from the region's expanding industrial development, and various driving factors which has increased the potential sectors as this region is the largest user of the product. The key factor driving the growth of the bodyboard market share is the growing demand of product is increasing use in adult and kid sector is one of the major reasons to drive the market. Rapid urbanization developments will further boost the overall market.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

LIST OF TOP BODYBOARD COMPANIES

• Kinetic Polypro Core (PP)
• NRG Core
• Polyethylene Core (PE)
• Tension Tech Cores (PE, NRG + PP)
• EPS Core (Extreme Composite Core)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost bodyboard industry share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.