Surfing Apparel & Accessories Market Size, Share, Growth, And Industry Analysis By Type (Surf Apparel, Surf Accessories) By Application (Supermarkets & Hypermarkets, Specialty Store, E-commerce, Others), Regional Insights, and Forecast To 2032

Updated On: 29 April 2024

Report Overview

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The global surfing apparel & accessories market size was USD 1192 million in 2022. As per our research, the market is expected to reach USD 1457.6 million by 2028, exhibiting a CAGR of 3.4% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with surfing apparel & accessories 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.

Surfing apparel and accessories play a vital role in enhancing both the performance and style of surfers while they ride the waves. Surfing demands a unique set of clothing and gear due to the dynamic nature of the sport. Surfing apparel typically includes wetsuits, rash guards, board shorts, and swimwear. Wetsuits are a fundamental piece of equipment designed to keep surfers warm in cold water and protect against abrasions from the board. They are typically made from neoprene, a flexible and insulating material that allows for freedom of movement. Rash guards, on the other hand, are worn underneath wetsuits or alone and provide protection against rashes, sunburn, and jellyfish stings while offering UV protection. Board shorts are designed for comfort and durability, with quick-drying materials and reinforced stitching to withstand the rigors of the sport. In addition to apparel, surfers rely on a range of accessories. Surfboards are, of course, the primary piece of equipment, but other accessories like leashes, wax, and fins are equally essential.

The Surfing Apparel & Accessories market share is a dynamic segment within the broader sportswear industry. Surfing has evolved from a niche sport to a global phenomenon over the past few decades, driving significant growth in the market for surfing apparel and accessories. This market includes a wide range of products such as wetsuits, boardshorts, rash guards, surfboards, and various accessories like leashes, fins, and wax.

COVID-19 Impact: Lockdown Caused Restrictions on Travel and Outdoor Activities Hampered the Market Growth

The COVID-19 pandemic had a profound impact on the surfing apparel and accessories market. With lockdowns and restrictions in place across many countries, travel and outdoor activities, including surfing, were severely limited. As a result, the market experienced a decline in sales during 2020 and early 2021. Surf shops, especially those in tourist-dependent regions, were hit hard as they had to shut their doors temporarily.

Latest Trends

"Riding the Wave of Eco-Friendly Surfing Gear to Boost the Market Development."

One of the most significant trends in the surfing apparel and accessories market is the growing emphasis on sustainability. Surfing, being intimately connected with nature, has a unique relationship with environmental issues. Surfers often view themselves as stewards of the ocean, and this mindset is reflected in their choice of gear. Surfing brands are increasingly adopting sustainable practices in their manufacturing processes. They are utilizing eco-friendly materials like recycled polyester, organic cotton, and neoprene alternatives made from natural rubber. This trend extends to packaging as well, with brands opting for biodegradable and recyclable packaging materials. Moreover, there's a shift towards 'circular' products, with brands offering repair and recycling services for their gear. This not only reduces waste but also builds customer loyalty. Surfing brands are also actively involved in beach clean-up initiatives and supporting environmental organizations, further aligning themselves with the values of the surfing community.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into Surf Apparel, Surf Accessories. Surf Apparel being the leading segment of the market by type analysis.

• By Application Analysis

Based on application, the market can be divided into Supermarkets & Hypermarkets, Specialty Store, E-commerce, Others. Supermarkets & Hypermarkets being the leading segment of the market by application analysis.

Driving Factors

"Growing Popularity of Surfing as a Lifestyle Sport to Drive the Market Growth"

Surfing has transcended its status as a sport and has become a lifestyle choice for many. This shift has broadened the consumer base for surfing apparel and accessories. Surfers, both experienced and novice, now seek gear that not only enhances their performance but also aligns with their personal style and ethos. This increasing demand for fashionable yet functional surfwear is driving growth in the market. The rise of surf culture, popularized through media, social influencers, and events like the World Surf League (WSL), has contributed to the sport's allure. Surfing is seen as an embodiment of freedom, adventure, and a connection with nature. This image attracts not only surfers but also individuals who aspire to embody these values, further expanding the surfing apparel & accessories market growth.

"Advancements in Technology to Drive the Market Development"

Technological advancements have greatly improved the performance and comfort of surfing gear. Wetsuits are now lighter, more flexible, and warmer, thanks to innovations in neoprene materials and construction techniques. Surfboards have also evolved with the integration of advanced materials and shapes, enhancing the riding experience. Furthermore, wearable technology is making its way into surfing gear. Smart wetsuits and surfboards equipped with sensors provide surfers with real-time data on their performance, helping them refine their skills. These innovations not only attract tech-savvy consumers but also enhance the overall appeal of surfing as a modern and progressive sport.

Restraining Factors

"Balancing Growth with Conservation to Impede the Market Growth"

While sustainability is a significant trend in the surfing apparel and accessories market, it also presents a challenge. Balancing the growth of the market with environmental conservation is crucial. The production of surfing gear, particularly wetsuits and surfboards, has an environmental footprint, primarily due to the use of energy-intensive materials like neoprene and fiberglass. Manufacturers and brands in the industry face the challenge of reducing this footprint while meeting the growing demand for surfing products. Finding sustainable alternatives without compromising on performance is an ongoing challenge. Additionally, the industry needs to address the issue of waste generated by damaged or outdated gear, which often ends up in landfills or the ocean.

Regional Insights

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"Popular Surf Destinations in North America to Bolster the Market Development"

North America's prominence in the surfing apparel and accessories market cannot be overstated. The United States, in particular, plays a central role as a major hub for surfing culture. With popular surf destinations stretching along both the East and West Coasts, the U.S. boasts a diverse range of surfing experiences. California, in particular, stands out as a veritable surfing mecca. The state is home to numerous surf brands, influential surf publications, and a thriving surf community that sets trends and standards for the industry. The cultural significance of surfing in California extends beyond sport; it's a way of life, influencing fashion, music, and art. The North American market benefits from a climatic diversity that ensures year-round surfing opportunities in certain regions. While California and Hawaii offer consistent waves throughout the year, the East Coast experiences seasonal variations, with the colder months requiring specialized gear such as thicker wetsuits. This climate diversity translates into a continuous and robust demand for surfing gear throughout the year. Surfers, whether they are seasoned veterans or newcomers to the sport, rely on a variety of equipment to meet their needs, from wetsuits to surfboards and accessories.

The Asia-Pacific region is currently experiencing rapid growth in the surfing apparel and accessories market. This growth can be attributed to several key factors, including the presence of strong and deeply-rooted surfing communities, favorable climatic conditions, and the region's rich surfing culture. Countries such as Australia, Indonesia, and Japan are at the forefront of this surge in demand. Australia, in particular, is renowned for its world-class surf spots, attracting surfers from around the globe. Famous breaks like Bells Beach in Victoria and Snapper Rocks in Queensland have become iconic destinations for surf enthusiasts. Australia's vast coastline and consistent waves provide ample opportunities for surfers to hit the water year-round, creating a steady demand for surfing gear. The country's commitment to environmental conservation has also fostered a growing interest in sustainable surfing products, aligning with global trends.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

Players

• Quicksilver (U.S.)
• Billabong International (Australia)
• Hurley (U.S.)
• O'Neill (Netherlands)
• RVCA (U.S.)
• Volcom (U.S.)
• Globe International (Australia)
• Reef Sports (U.S.)
• Roxy (U.S.)
• Ripcurl (Australia)
• Oakley (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.