Board Sports Global Market to Reach $35 Billion by 2030: Battery-driven Surfboard Powers Electric Surfing Market


Dublin, April 10, 2023 (GLOBE NEWSWIRE) -- The "Board Sports: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Board Sports estimated at US$23.1 Billion in the year 2022, is projected to reach a revised size of US$35 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030.

Summer Boardsports, one of the segments analyzed in the report, is projected to record 5.6% CAGR and reach US$32.8 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Snowboarding segment is readjusted to a revised 1.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $11.5 Billion, While China is Forecast to Grow at 5.9% CAGR

The Board Sports market in the U.S. is estimated at US$11.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 4.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Select Competitors (Total 248 Featured) -

  • Adidas AG
  • Boardriders, Inc.
  • Body Glove International, LLC
  • Burton Snowboards
  • Capita
  • Globe International Ltd.
  • Gul Watersports Ltd.
  • Hurley, Inc.
  • K2 Snowboarding
  • Mervin Manufacturing
  • Meta-Sports CO., Ltd.
  • Never Summer Industries
  • Nike Skateboarding
  • Nitro USA, Inc.
  • North Actionsports B.V.
  • O'Neill
  • Rip Curl, Inc.
  • Salomon Snowboards
  • Volcom, LLC

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages443
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$23.1 Billion
Forecasted Market Value (USD) by 2030$35 Billion
Compound Annual Growth Rate5.3%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021 and Beyond
  • With IMF Making an Upward Revision of Global GDP for 2022, Companies Remain Bullish About an Economic Comeback
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Surfing Gear Businesses Remain Alive & Kicking during COVID-19 Pandemic
  • YoY% Sales Growth in Surf Hardgoods in the US: Feb 2020, April 2020, June 2020, October 2020, December 2020, and March 2021
  • Skiing and Snowboarding Industry Faces a Bumpy Ride
  • Winter Sports to Stage Recovery from Pandemic Woes through Digitalization
  • Improving Consumer Demand to Drive Winter Sports Gear Sales in 2021-2022 Season
  • Influencer Market Insights
  • World Market Trajectories
  • Board Sports: A Prelude
  • Insight into Key Segments
  • Summer Board Sports
  • Snowboarding
  • Generic Factors Influencing the Board Sports Market
  • Seasonality: A Characteristic of the Sport
  • Economic Conditions
  • Alternate Sports & Leisure Activities Cap Consumer Base
  • Board Sports - Global Key Competitors Percentage Market Share in 2022 (E)
  • Board Sports Competitor Market Share Scenario Worldwide (in %): 2020E
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Regional Landscape
  • Key Board Sports Markets
  • Surfing: The Most Popular Board Sports
  • Evolution of Surfing
  • Surfboards: An Introduction
  • Global Market Prospects & Outlook
  • Skiing and Snowboarding Market
  • Asia and its Emergence as Next Skiing Destination
  • Competition
  • Market Share of Leading Players in the Global Board Sports Market: 2020
  • Recent Market Activity
  • World Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rising Interest Among Women in Board Sports Opens Encouraging Prospects
  • Favorable Demographics to Boost Sales of Surf Wear and Surf Gear
  • Surfing Participation Worldwide: Number of Surfers (in Thousands) for Select Countries
  • Women & Girls: The New Wave of Surfers
  • World Surfing Participation by Gender: 2021
  • Industry Witnesses Change in Average Age of Surfers
  • World Surfing Participation by Age Group: 2021
  • Key Technological Advances That Are Transforming Surfing Experience
  • Modular Collapsible Surfboard
  • Smart, Connected Surfboards Take Surfing Experience to New Level
  • Surf Forecasting Improves Participation
  • 3D Printed Surfboard & VR Surfing
  • Drone Technology for Surfing
  • Finding the Perfect Wave Using Smart phones
  • Major Recent Design Innovations in Board Sports Equipment
  • Increased Demand for Handmade and Customized Ski Equipment
  • Key Future Design Improvements Expected in Surfboards
  • Hi-tech Surfing Gains Interest
  • Battery-driven Surfboard Powers Electric Surfing Market
  • Rising Interest in Surfboard Volume Metrics to Lend Traction for Market
  • Sustainable Practices Gain Prominence in Surfing Industry
  • Wooden Surfboards: An Eco-friendly and Sustainable Option
  • Carbon Technology to Improve Surfboards
  • Use of Carbon Fiber Waste in Surfboard-Making
  • Surfboards Find Use in Snowboarding
  • Rising Popularity of Adaptive Surfing to Present Long-term Growth Prospects
  • Artificial Wave Pools and Surf Parks Bring Surfing to Landlocked Areas: Potential for Surf Apparel and Gear
  • Health + Wellness + Surfing: The New Mantra for Success for Surf Tourism
  • Luxury Surf Tourism: Potential for Long-term Growth
  • Online Channels Continue to Gain Traction
  • Surfing Apparel: Focus Grows on Surf Wear Integrated with Functionality & Fashion
  • Wetsuits: Recreational & Professional Surfing to Drive Gains
  • Performance Surf Wear: Poised for Growth
  • Windsurfing Sustains Hold
  • Kiteboarding Gains Attraction in Select Markets
  • Kiteboarding Participation in the US (in Millions): (2011-2020)
  • Wakeboarding Gains Interest as an Extreme Sport
  • Manufacturers Target Ski & Snowboard Market with New Gear Options
  • Splitboarding Gains Popularity
  • Ski Resorts & Snowboard Businesses Feel Heat from Global Warming & Climate Change
  • Adapting to Change
  • Sustainability Concept Becomes More Audible in Surfboard & Snowboard Space
  • Snowboard Makers Eye on Sustainability
  • Backcountry Skiing and Snowboarding Gains Interest
  • Demographics of Winter Sports
  • Advanced Technology, and Performance Apparel Spearhead Market Growth
  • Snowboarding Fashion: Plethora of Fresh Styles Hitting Retail Stores
  • Technology Paves the Way for Unique and Sophisticated Products
  • Skateboards Targeted at Women Offer Significant Growth Opportunities

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/6e43lz

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