Surfing Equipment Market Size, Share & Trends Analysis Report By Product (Surfing Boards, Apparel & Accessories), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2019 - 2025

Published: Sep, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global surfing equipment market size is expected to reach USD 3.9 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 3.3% over the forecast period. Market expansion is steered by growing interest in surfing among adventure enthusiasts, especially millennials. Appropriate equipment and gear is very crucial for surfing and choice of surfboards depend upon the type of wave: beach breaks, reef breaks, rivermouth waves, point breaks, etc.

Based on equipment, surfboards held the dominant share in 2018, with short boards accounting for more than 60.0% of the revenue share. Availability of customized boards based on the needs and preferences of surfers works in favor of this segment. The apparel & accessories segment, on the other hand, will exhibit the fastest growth over the forecast period. Offline distribution channels have been more popular among surfers, with most surfing destinations sporting temporary stalls and stores. Nevertheless, online channels are gaining prominence with a thriving e-commerce sector. This segment is likely to exhibit strong growth through 2025.

In April 2019, Naish launched a handheld inflatable wing that surfers can use to ride a wave. Called Wing-Surfer, the untethered equipment is a cross between a kiteboarding kite and a windsurfing sail and can be used on any stand-up paddleboard or foil board. It harnesses the power of the wind to help the surfer cruise over the waters. In February 2019, Plurato Sailfin developed the first Croatian electric hydrofoil surfboard. The 210 cm*74 cm board can gain a speed of 32 km/hour. Its 4-kilo Watt battery uses propeller propulsion system and can last for anything between 45 and 60 minutes. The surfboard can be used on rivers and lakes too. The hydrofoil technology keeps the board above water level, thereby resulting in less resistance and enabling greater speed.

Key players in the surfing equipment market include Billabong; Quiksilver, Inc.; Nike, Inc.; JS Industries; CHANNEL ISLANDS SURFBOARDS; Firewire Surfboards, LLC; Shop Rusty Surfboards; Rip Curl International Pty Ltd; CANNIBAL SURFBOARDS; and O'Neill. In August 2019, Sea of Seven collaborated with surfboard-shaper Xanadu Surf Designs to develop innovative surfboards, which could prove to be revolutionary in the industry. Industry participants are expected to utilize online portals as a key selling platform, which will increase the visibility of the surfing equipment, irrespective of geographical boundaries.

Further key findings from the report suggest:

• By equipment, surfing boards accounted for the dominant market share of 67.3% in 2018. This can be attributed to rising interest in surfing among adventure enthusiasts across the globe

• The apparel & accessories segment is expected to exhibit the highest CAGR of 3.6% from 2019 to 2025. Growing awareness regarding taking necessary precautions during the sport is propelling segment growth

• By distribution channel, although offline channels held the leading share, online channels are anticipated to register the highest CAGR of 4.3% from 2019 to 2025

• Geographically, North America accounted for more than 45.0% of the global surfing equipment market revenue in 2018, attributed to surfing being a well-established sport across the country

• Some of the key players are Billabong; Quiksilver, Inc.; Nike, Inc.; JS Industries; Firewire Surfboards, LLC; and Rip Curl International Pty Ltd. Product innovation is expected to remain a crucial strategy over the next few years.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                         1.3.1. Purchased Database
                         1.3.2. GVR's Internal Database
                         1.3.3. Secondary Sources & Third-Party Perspectives
                         1.3.4. Primary Research
                    1.4. Information Analysis
                         1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights
Chapter 3. Surfing Equipment Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                         3.3.1. Sales/Retail Channel Analysis
                         3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                         3.4.1. Market Driver Analysis
                         3.4.2. Market Restraint Analysis
                         3.4.3. Industry Challenges
                         3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                         3.5.1. Industry Analysis - Porter's
                              3.5.1.1. Supplier Power
                              3.5.1.2. Buyer Power
                              3.5.1.3. Substitution Threat
                              3.5.1.4. Threat from New Entrant
                              3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Surfing Equipment Market
                    3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision
                    4.3. Consumer Equipment Adoption
                    4.4. Observations & Recommendations
Chapter 5. Surfing Equipment Market: Product Estimates & Trend Analysis
                    5.1. Product Movement Analysis & Market Share, 2018 & 2025
                    5.2. Surfing Boards
                         5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         5.2.2. Short Boards
                              5.2.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         5.2.3. Long Boards
                              5.2.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.3. Apparel & Accessories
                         5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Surfing Equipment Market: Distribution Channel Estimates & Trend Analysis
                    6.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
                    6.2. Online
                         6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.3. Offline
                         6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Surfing Equipment Market: Regional Estimates & Trend Analysis
                    7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    7.2. North America
                         7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                              7.2.2.1. Market estimates and forecast for surfing boards equipment forms, by segment, 2015 - 2025 (USD Million)
                         7.2.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.2.4. U.S.
                              7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.2.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD million)
                                   7.2.4.2.1. Market estimates and forecast for surfing boards equipment forms, by segment, 2015 - 2025 (USD Million)
                              7.2.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.3. Europe
                         7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD million)
                              7.3.2.1. Market estimates and forecast for surfing boards equipment forms, by segment, 2015 - 2025 (USD Million)
                         7.3.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.3.4. U.K.
                              7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.3.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                                   7.3.4.2.1. Market estimates and forecast for surfing board, by segment, 2015 - 2025 (USD Million)
                              7.3.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.3.5. France
                              7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.3.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                                   7.3.5.2.1. Market estimates and forecast for surfing board, by segment, 2015 - 2025 (USD Million)
                              7.3.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.3.6. Portugal
                              7.3.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.3.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                                   7.3.6.2.1. Market estimates and forecast for surfing board, by segment, 2015 - 2025 (USD Million)
                              7.3.6.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.3.7. Spain
                              7.3.7.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.3.7.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                                   7.3.7.2.1. Market estimates and forecast for surfing board, by segment, 2015 - 2025 (USD Million)
                              7.3.7.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.4. Asia Pacific
                         7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                              7.4.2.1. Market estimates and forecast for surfing board, by segment, 2015 - 2025 (USD Million)
                         7.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.4.4. Australia
                              7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.4.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                                   7.4.4.2.1. Market estimates and forecast for surfing board, by segment, 2015 - 2025 (USD Million)
                              7.4.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.4.5. New Zealand
                              7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.4.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                                   7.4.5.2.1. Market estimates and forecast for surfing board, by segment, 2015 - 2025 (USD Million)
                              7.4.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.5. Central & South America
                         7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.5.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                              7.5.2.1. Market estimates and forecast for surfing board, by segment, 2015 - 2025 (USD Million)
                         7.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.5.4. Brazil
                              7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.5.4.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                                   7.5.4.2.1. Market estimates and forecast for surfing board, by segment, 2015 - 2025 (USD Million)
                    7.6. Middle East & Africa
                         7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.6.2. Market estimates and forecast, by product, 2015 - 2025 (USD Million)
                              7.6.2.1. Market estimates and forecast for surfing board, by segment, 2015 - 2025 (USD Million)
                         7.6.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
Chapter 8. Competitive Analysis
                    8.1. Key global players, recent developments & their impact on the industry
                    8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    8.3. Vendor Landscape
                         8.3.1. Key company market share analysis, 2018
Chapter 9. Company Profiles
                    9.1. Billabong
                         9.1.1. Company Overview
                         9.1.2. Financial Performance
                         9.1.3. Equipment Benchmarking
                         9.1.4. Strategic Initiatives
                    9.2. Quiksilver, Inc.
                         9.2.1. Company Overview
                         9.2.2. Financial Performance
                         9.2.3. Equipment Benchmarking
                         9.2.4. Strategic Initiatives
                    9.3. Nike, Inc.
                         9.3.1. Company Overview
                         9.3.2. Financial Performance
                         9.3.3. Equipment Benchmarking
                         9.3.4. Strategic Initiatives
                    9.4. JS Industries
                         9.4.1. Company Overview
                         9.4.2. Financial Performance
                         9.4.3. Equipment Benchmarking
                         9.4.4. Strategic Initiatives
                    9.5. CHANNEL ISLANDS SURFBOARDS
                         9.5.1. Company Overview
                         9.5.2. Financial Performance
                         9.5.3. Equipment Benchmarking
                         9.5.4. Strategic Initiatives
                    9.6. Firewire Surfboards, LLC
                         9.6.1. Company Overview
                         9.6.2. Financial Performance
                         9.6.3. Equipment Benchmarking
                         9.6.4. Strategic Initiatives
                    9.7. Shop Rusty Surfboards
                         9.7.1. Company Overview
                         9.7.2. Financial Performance
                         9.7.3. Equipment Benchmarking
                         9.7.4. Strategic Initiatives
                    9.8. Rip Curl International Pty Ltd
                         9.8.1. Company Overview
                         9.8.2. Financial Performance
                         9.8.3. Equipment Benchmarking
                         9.8.4. Strategic Initiatives
                    9.9. CANNIBAL SURFBOARDS
                         9.9.1. Company Overview
                         9.9.2. Financial Performance
                         9.9.3. Equipment Benchmarking
                         9.9.4. Strategic Initiatives
                    9.10. O'Neill
                         9.10.1. Company Overview
                         9.10.2. Financial Performance
                         9.10.3. Equipment Benchmarking
                         9.10.4. Strategic Initiatives

List of Tables

1. Surfing equipment - Key market driver analysis
2. Surfing equipment - Key market restraint analysis
3. Global surfing equipment market estimates and forecast, 2015 - 2025 (USD Million)
4. Global surfing equipment market estimates and forecast for surfing boards, 2015 - 2025 (USD Million)
5. Global short surfing boards market estimates and forecast, 2015 - 2025 (USD Million)
6. Global long surfing boards market estimates and forecast, 2015 - 2025 (USD Million)
7. Global surfing equipment market estimates and forecast for apparel & accessories, 2015 - 2025 (USD Million)
8. Global surfing equipment market estimates and forecast for online, 2015 - 2025 (USD Million)
9. Global surfing equipment market estimates and forecast for offline, 2015 - 2025 (USD Million)
10. North America surfing equipment market estimates and forecast, 2015 - 2025 (USD Million)
11. North America surfing equipment market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
12. North America surfing board market revenue estimates and forecast, by segment, 2015 - 2025 (USD Million)
13. North America surfing equipment market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
14. U.S. surfing equipment market estimates and forecast, 2015 - 2025 (USD Million)
15. U.S. surfing equipment market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
16. U.S. surfing board market revenue estimates and forecast, by segment, 2015 - 2025 (USD Million)
17. U.S. surfing equipment market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
18. Europe surfing equipment market estimates and forecast, 2015 - 2025 (USD Million)
19. Europe surfing equipment market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
20. Europe surfing board market revenue estimates and forecast, by segment, 2015 - 2025 (USD Million)
21. Europe surfing equipment market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
22. U.K. surfing equipment market estimates and forecast, 2015 - 2025 (USD Million)
23. U.K. surfing equipment market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
24. U.K. surfing board market revenue estimates and forecast by segment, 2015 - 2025 (USD Million)
25. U.K. surfing equipment market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
26. France surfing equipment market estimates and forecast, 2015 - 2025 (USD Million)
27. France surfing equipment market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
28. France surfing board market revenue estimates and forecast by segment, 2015 - 2025 (USD Million)
29. France surfing equipment market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
30. Spain surfing equipment market estimates and forecast, 2015 - 2025 (USD Million)
31. Spain surfing equipment market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
32. Spain surfing board market revenue estimates and forecast by segment, 2015 - 2025 (USD Million)
33. Spain surfing equipment market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
34. Portugal surfing equipment market estimates and forecast, 2015 - 2025 (USD Million)
35. Portugal surfing equipment market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
36. Portugal surfing board market revenue estimates and forecast by segment, 2015 - 2025 (USD Million)
37. Portugal surfing equipment market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
38. Asia Pacific surfing equipment market estimates and forecast, 2015 - 2025 (USD Million)
39. Asia Pacific surfing equipment market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
40. Asia Pacific surfing board market revenue estimates and forecast by segment, 2015 - 2025 (USD Million)
41. Asia Pacific surfing equipment market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
42. Australia surfing equipment market estimates and forecast, 2015 - 2025 (USD Million)
43. Australia surfing equipment market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
44. Australia surfing board market revenue estimates and forecast by segment, 2015 - 2025 (USD Million)
45. Australia surfing equipment market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
46. New Zealand surfing equipment market estimates and forecast, 2015 - 2025 (USD Million)
47. New Zealand surfing equipment market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
48. New Zealand surfing board market revenue estimates and forecast by segment, 2015 - 2025 (USD Million)
49. New Zealand surfing equipment market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
50. Central & South America surfing equipment market estimates and forecast, 2015 - 2025 (USD Million)
51. Central & South America surfing equipment market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
52. Central & South America surfing board market revenue estimates and forecast by segment, 2015 - 2025 (USD Million)
53. Central & South America surfing equipment market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
54. Brazil surfing equipment market estimates and forecast, 2015 - 2025 (USD Million)
55. Brazil surfing equipment market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
56. Brazil surfing board market revenue estimates and forecast by segment, 2015 - 2025 (USD Million)
57. Brazil surfing equipment market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
58. Middle East & Africa surfing equipment market estimates and forecast, 2015 - 2025 (USD Million)
59. Middle East & Africa surfing equipment market revenue estimates and forecast by product, 2015 - 2025 (USD Million)
60. Middle East & Africa s surfing board market revenue estimates and forecast by segment, 2015 - 2025 (USD Million)
61. Middle East & Africa surfing equipment market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
62. Vendor landscape

List of Figures

1. Surfing equipment market snapshot
2. Surfing equipment market segmentation & scope
3. Surfing equipment market penetration & growth prospect mapping
4. Surfing equipment value chain analysis
5. Surfing equipment market dynamics
6. Surfing equipment market Porter's analysis
7. Surfing equipment market: Product movement analysis
8. Surfing equipment market: Distribution channel movement analysis
9. Surfing equipment market: Regional movement analysis