Market Size of Surfing Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.10 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
| Market Concentration | Low |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
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Surfing Equipment Market Analysis
The global surfing equipment market is projected to register a CAGR of 4.1% over the next five years.
The rising popularity of surfing as a sport and the surge in interest in water sports in general, and surfing in particular, among adventure enthusiasts, particularly millennials, are surging the demand and sales of surfing equipment, such as gear, surfboards, accessories, and apparel. Additionally, aggressive promotional activities and campaigns launched by various surfing equipment players in the market are further attracting individuals toward surfing thus driving the market's growth. For instance, in May 2022, ROXY, a brand of Boardriders, Inc. that offers surfing equipment specifically for women launched a campaign called 'OMG' with an interesting surfing video and claimed that this OMG campaign becomes a celebration of women, fearless individuals, human beings pushing themselves to otherworldly levels. Moreover, the expansion of the tourism sector and the interest of people to try out different adventure sports aided in introducing the surfing sport to more new individuals and led to an enhanced demand for surfing equipment thereby supporting the market's growth.
Furthermore, various technological advancements being incorporated into latest launches of surfing equipment are assuring the safety, more enhanced experiences, and functionalities of the equipment are attracting consumers toward the sport. For instance, in July 2021, Volkswagen launched lAudi E-foil, an electric surfboard. The company claimed that the foil attached to the surfboard reduces the contact surface touching the water and hydrodynamic resistance thus resulting in a speed accelerating even in low wind conditions. Such innovations and developments happening in the market are expected to drive the market's growth during the forecast period.
