Surfboard Market Size, Share, Growth, Trends, Global Industry Analysis, By Type (Shortboards & Longboards), By Application (Specialty Stores, Department Stores, Supermarkets, Online Retail & Others), Regional Insights, and Forecast From 2024 To 2032

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SURFBOARD MARKET REPORT OVERVIEW

The global surfboard market size is anticipated to reach from USD 0.23 billion in 2024 to USD 0.37 billion by 2032, growing at a CAGR of 6.01% during the forecast period. North America is dominating the surfboard market share in 2024.

A surfer rides ocean waves while standing or lying on an extended, narrow platform known as a surfboard. In the past, it could only be built of wood, but today, it may also be made of a wide range of materials, including polyurethane, polyester, fiberglass, and Styrofoam. The demand for these boards has increased as surfing becomes more popular as a recreational and competitive sport. As a result, depending on the riders' experience and the kind of waves they plan to surf, they come in a variety of sizes and forms.

Due to the expanding trend of surf tourism, the sector has seen tremendous expansion. The market is growing mostly due to the increase in instructional surfing classes, but other factors, such as the rising demand for DIY projects, could restrain the market's expansion. Typically, fiberglass or foam are used to make it. Compared to foam boards, fiberglass boards are stronger and more resilient, but they are also heavier.

SURFBOARD MARKET SHARE FACT AND FIGURES

Regional Breakdown

• North America holds a 40% market share,USD 0.092 billionin 2024, with a CAGR of 5.8%, driven by the high concentration of surfers in the U.S. and well-established surfboard brands. The region benefits from strong tourism in coastal areas like California and Hawaii.

• Asia-Pacific accounts for 35% of the market share, or USD 0.081 billion in 2024, with a CAGR of 6.5%, driven by growing surf tourism and a rising middle class in Australia, Japan, and Indonesia.

• Europe holds 20% of the market share,USD 0.046 billionin 2024, with a CAGR of 5.9%, supported by increasing interest in water sports in France, Spain, and Portugal.

• Rest of the World captures 5% of the global market, equating to USD 0.011 billion in 2024, with a CAGR of 5.2%, driven by emerging surf destinations in South America and Africa.

Product Segments Breakdown

• Shortboards dominate the market with approximately 45% of sales, amounting to about USD 0.1035 billion in 2024, with a CAGR of 6.2%, due to their versatility and popularity among experienced surfers.

• Longboards hold around 30% of the market, or about USD 0.069 billion in 2024, growing at a CAGR of 6.1%, driven by demand among beginners and leisure surfers.

• Fish and Hybrid Boards together represent about 25% of the market, equating to around USD 0.0575 billion in 2024, with a CAGR of 5.9%, due to their performance in smaller waves and growing adoption by intermediate surfers.

This comprehensive breakdown highlights the key numbers and growth trends in the surfboard market, emphasizing the factors driving demand and innovations shaping the industry.

COVID-19 IMPACT

"Industry Shutdown Causes Market Distortion"

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 surfboard industry.

LATEST TRENDS

"Evolution in the Design to Boost the Market Growth"

The innovative design of the boards is the major trend driving the market. The market will rise due to the ongoing evolution of board designs. Boards with better characteristics are being produced by product producers. Additionally, many surfers choose to create their own boards. The weight of these boards has been decreased by the removal of the nose. This board's broader nose and tail provide the same volume and maintain the same amount of rail in the water as a typical shortboard. In addition, water may flow around the surfboard more efficiently because of the parallel rails. As a result, this design enhances wave speed and decreases wave drag, which has an impact on the market's expansion. Surfers still look for surfing activities to state their thirst for fun, excitement, and adventure. These boards' electrical construction enables surfers to practice their sport even when there are no waves. It is anticipated that the growing popularity of electric water sports, especially electric boards, will accelerate market expansion. The industry is anticipated to grow during the forecast period thanks to this trend. Thus, it is anticipated that the increased design of product will increase overall market sales. These new developments and varieties in product are mostly to blame for the market's overall growth.

SURFBOARD MARKET SEGMENTATION

By Type

Based on type, the market is Shortboards & Longboards.

By Application

Based on the market is categorized into Specialty Stores, Department Stores, Supermarkets, Online Retail & Others.

DRIVING FACTORS

"Surfing Courses that Give the Market Extra Boost"

The primary reason driving the market's expansion is surfing lessons. A significant driver of the industry is the rise in the number of instructional surfing courses. The International Surfing Association (ISA), the sport's global regulatory organization, sets rules for bodysurfing, surfing, SUP racing and surfing, wake surfing, and other wave-riding sports. The International Surfing Association (ISA) has also introduced a number of instructional programmers around the world for the expansion and improvement of surfing. In order to promote and instruct new surfers, surfing schools have also been constructed close to coastal locations. These programmers help instructors teach surfing using a scientific method while also advancing the knowledge, skills, and capacities of surfers. Aiming to provide industry-standard quality, efficacy, and safety for coaches and instructors who teach surfing and SUP boarding, these programmers were also introduced by the body that governs surfing. The aforementioned elements will raise demand for the target market during the forecast period. The market demand is anticipated to be driven by all of these factors. As a result, the growth, and the increasing surfing courses will boost the market. It will contribute to the expansion of the consumer goods industry and it will improve the overall surfboard market growth.

"Tourism to Encourage Market Expansion"

Due to the expanding aspect of surf tourism, the sector has seen tremendous expansion. Due to their greater torque, high water propulsion, and ability to surf without waves, electric boards are increasingly preferred over traditional ones. Additionally, the popularity of adaptive surfing among people with disabilities is growing, opening up lucrative potential for major manufacturers. They have also produced environmentally friendly materials-based sustainable boards that help manufacturers lower their carbon footprint during production. In addition, they have been using cutting-edge technology to assist people in customizing surfboard to their specifications, such as computer-aided design/computer-aided manufacturing (CAD/CAM) systems. Over the course of the forecast period, the aforementioned factors are anticipated to affect sales of the industry. This will increase demand for the product and help the industry as a whole to expand. The product line expansion is helping the market to grow.

RESTRAINING FACTORS

"DIY Boards to Impede Market Expansion"

DIY boards are the impediment to market expansion. Factors like the rising popularity of DIY boards are anticipated to impede the expansion of product manufacturing during the study period. In addition, despite the forum's rapid expansion, sustainability issues still slow down the rate of development of the surfing sector. In addition, the millennial and Gen Z populations have a strong propensity for online browsing, which is negatively impacting their love of outdoor activities and is expected to slow the market's rate of expansion. Therefore, during the forecast period, these factors are anticipated to restrain market growth. But as time goes on, this issue will be resolved in some way. If this problem is fixed, the market will start to grow right away.

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SURFBOARD MARKET REGIONAL INSIGHTS

"North America Dominating the Market Across the Globe"

The market for surfboard in North America has benefited from the region's expanding industrial development and a number of driving factors that have boosted the potential sectors because this region is the product's primary user. The rising product used in specialty stores, department stores, supermarkets & online retail sector is boosting the surfboard market share. Trends toward rapid urbanization will support the market as a whole even more.

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 Surfboard Companies

• Keeper Sports Products (U.S.)
• Channel Islands Surfboards (U.S.)
• Greco Surf (U.S.)
• Haydenshapes (U.S.)
• Infinity Surf (U.S.)

REPORT COVERAGE

The market segmentation by type and application is covered in great detail in the study. A wide range of participants, including current and potential market leaders, are examined in the study. A number of significant factors are expected to lead to a sizeable market expansion. In order to gain market insights, the research also looks at factors that could raise the share of surfboard industry. Forecasts for market growth over the anticipated time period are made in the report. Explaining why one region dominates the global market is the goal of regional research. A number of properly considered factors limit the industry's ability to expand. A strategic analysis of the market is also included in the research. It contains comprehensive market data.