Global surfing market expected to grow to US$5.5 billion by 2030

Saturday, December 9, 2023

The worldwide market for surfing projected at US$4.1 billion in 2022, is predictable to go up to a revised size of US$5.5 billion by 2030, increasing at a CAGR of 4% over the study period of 2022-2030. Surfing Boards, which is one of the sections analysed in the study, is predictable to register 4.1% CAGR and go up to US$3.9

billion by the conclusion of the study period. Progress in the apparel & accessories division is projected at 3.6% CAGR for the subsequent 8-year timeframe. The competitive setting of the surfing gear market is studied, with an emphasis on prevalent surfboard brands globally. The study talks about how sellers in the surfing equipment segment are making use of forceful policies to stay reasonable and it highpoints the best brands that are appreciating robust positions in the surfing scenario.

The market segment of significant players in the international surfing market this year is provided, together with a valuation of their competitive market existence, whether robust, vigorous, niche or insignificant.

The study provides an outline of surfing as a well-known sporting and relaxation activity, encompassing numerous surfing practices, kinds of surfing and the diverse paraphernalia, clothing and fittings used in the sport. The study recognizes surfboards as the primary segment in the market and establishes that the US heads the worldwide surfing segment. Moreover, the online division is projected to see quicker development.

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