Global Surfing Equipment Market Size By Product Type (Surfboards, Accessories, Apparel), By Distribution Channel (Offline Distribution Channel, Online Distribution Channel), Geographic Scope And Forecast

Surfing Equipment Market Size And Forecast

Surfing Equipment Market size was valued at USD 5.27 Billion in 2024 and is projected to reach USD 6.67 Billion by 2031, growing at a CAGR of 2.99% from 2024 to 2031.

• Surfing equipment comprises the essential gear surfers that are utilized to ride waves in the ocean. It includes must-have items alongside additional gear that can prove helpful or essential based on the conditions and individual surfer preferences.
• Surfing equipment encompasses surfboards, wetsuits, fins, and surfboard bags, among others. Surfing is an exhilarating activity cherished for its ability to induce adrenaline rushes, alleviate stress, and provide leisurely enjoyment. It is enjoyed both casually and competitively.
• Designed to facilitate movement against dynamic waves, surfing gear serves to protect against cold water, rashes, and currents. Surfboards are crafted from materials such as wood, polyester, fiberglass, and polystyrene.
• In addition to its recreational allure, surfing offers numerous health benefits, including enhanced metabolism, calorie burning, and strengthening muscles in the back, legs, and shoulders. It also fosters core strength and improves cardiovascular fitness.
• The growing recognition of these benefits has led to a surge in the popularity of surfing, consequently driving up the demand for surfing equipment. This equipment is accessible through various avenues, including online platforms, specialty stores, and supermarkets.

Global Surfing Equipment Market Dynamics

The key market dynamics that are shaping the global surfing equipment market include

Key Market Drivers

• Rapid Growth in the Tourism Industry The rapid growth in the tourism industry significantly ensures the growth of the surfing equipment market. With global tourism on the rise, there’s a growing demand for recreational activities. The surge in international tourism is also fueling the popularity of surfing as a sport, consequently increasing the need for surfing gear. Numerous manufacturing companies specialize in designing surfing equipment tailored to meet customer demand globally. Manufacturers are increasingly investing in research and development, leading to a steady stream of product innovations in the surfing equipment sector.
• Health BenefitsSurfing offers a distinctive experience that relieves stress, connects individuals with nature, and provides numerous health benefits, making it an attractive leisure pursuit. Surfing not only boosts metabolism but also enhances the immune system, strengthens core muscles, and fortifies the back and shoulder muscles. Additionally, it improves cardiovascular fitness, further incentivizing people to embrace surfing as a recreational sport. The increasing recognition of these health benefits is driving the adoption of surfing as a leisure activity, further propelling the demand for surfing equipment.
• Economic Value The rising demand in the tourism industry and sports is escalating the economic value of the region. As the global economy improves, people have more money to spend on recreational activities. According to the , it is estimated that globally there are 50 million surfers. Economic evaluations have calculated a variety of values, benefits, and 103 implications of recreational surfing. On a global basis, good quality surf breaks 106 generate $4.00 billion in economic activity. Prior to the COVID-19 epidemic, global expenditure on surf tourism was estimated to be between $31.5 and $64.9 billion per year.
• Robust Growth Strategies Surf gear manufacturers use a variety of organic and inorganic techniques to increase revenue streams. Among these tactics, product releases stand out as a main growth strategy, frequently including unique benefits and features designed to attract new clients. Furthermore, corporations may diversify into new markets and invest in technical breakthroughs to improve their offers. These activities are critical to moving the surfing gear market forward.

Key Challenges

• Accidents and Injuries Surfing poses a danger of injury and perhaps fatal accidents, despite its obvious health benefits, Surfers’ most usually affected areas are the legs, head, face, back, shoulders, and arms. Collisions with other surfers or one’s board, as well as impacts with and hits to the seafloor, are a major source of injury.  Surfing injuries can vary from lacerations (cuts and scratches) to dislocations and fractures, sprains, swimmer’s ear, and surfer’s ear.
• COVID-19 ImpactThe covid-19 epidemic has disrupted the global surfing equipment market, owing to travel restrictions, social distancing measures, and lockdowns in several nations. These measures have severely hampered surfers’ ability to participate in their sport, as travel restrictions have limited access to popular surfing destinations, social distancing guidelines have impacted group activities and surf lessons, and lockdowns have resulted in the closure of beaches and surf shops.
• Consumer Purchasing Patterns the economic slowdown caused by the pandemic has influenced consumer purchasing patterns, resulting in a drop in the buying of non-essential commodities such as surfing equipment. As a result, the surfing equipment market has suffered a slowdown in growth despite the demanding circumstances offered by both.
• Seasonality and Weather Dependence Surfing’s vitality is inextricably linked to the current weather conditions and wave quality. In areas with short surf seasons or irregular wave patterns, demand for surfing equipment is generally low. Regions with limited surf seasons or unpredictable waves confront difficulties in maintaining a regular market for surfing gear. Surfers may choose to participate in different activities or postpone their surfing endeavors during periods of poor weather or weak waves.

Key Trends

• D2C Sales Online retailers and surfboard shapers bypass established retail channels to sell directly to customers. This trend is driven by several variables and has major benefits for surfers. Online retailers and surfboard shapers can provide more customization possibilities to customers by selling straight to them. Surfers can customize their surfboards in terms of dimensions, materials, and designs. This level of personalization ensures that surfers can acquire equipment that is specifically tailored to their individual demands and surfing style.
• Performance Drive DesignSurfboard shapers are continuously honing their craft by refining board shapes, materials, and fin configurations to enhance performance across various wave types and cater to surfers of different skill levels. This evolution in surfboard design reflects the increasing ambition among surfers to push their boundaries and advance in the sport.
• Soft-Top Surf Boards Soft-top surfboards, crafted with foam cores and a soft outer layer, are experiencing a surge in popularity owing to their affordability, beginner-friendly safety features, and user-friendly design. This trend aligns with the rising interest among individuals embracing surfing as a recreational pursuit.

Global Surfing Equipment Market Regional Analysis

Here is a more detailed regional analysis of the global surfing equipment market

North America

• North America is significantly dominating the surfing equipment market and is expected to continue its growth throughout the forecast period thanks to the increasing tourism, and high adoption of surfing in sports.
• According to the in the United States total surfing population in 2020 was estimated to be 3.8 million, and the surfing population has grown from 2019 by 34%. In the United States the Youth dominate around 71% of the surfing population the participants are in 6 to 34 years.
• The significant factors contributing to this figure include the extensive coastlines, growing interest in recreational pursuits, expanding the Surfing Equipment Market, and the rise of surfing championships.
• In addition, the popularity of surfing has surged amidst the social isolation imposed by the pandemic’s initial wave. Utilizing wave pools for training has opened up opportunities for individuals residing far from coastal areas to engage in surfing.
• This increased accessibility allows surfers with access to these pools to practice regardless of time or weather conditions. Consequently, the demand for surfing gear has risen in tandem with the proliferation of wave pools.
• According to the Sports & Fitness Industry Association, there are approximately 2.874 million surfing participants in the United States.

Europe

• Europe is expected to be the fastest-growing region during the forecast period, as surfing has witnessed a rapid surge in popularity, with the influx of new surfers significantly impacting the sales of surfing gear.
• Both young people and adults have embraced surfing as a socially isolating hobby, particularly during the initial phases of the pandemic when team sports were suspended, and gyms remained closed.
• Throughout the later stages of the pandemic, the rise of e-commerce activity simplified access to sports equipment nationwide. However, lockdown regulations initially impeded manufacturing processes, leading to delays in sales, logistical services, and raw material procurement.
• In Europe, while the sportswear industry initially faced a decline during the pandemic’s early stages, there has been a notable recovery, attributed in part to the growing popularity of individual sports like surfing, cycling, and skateboarding.
• This shift towards individual sports has further contributed to the upward trend in surfing’s popularity.

Global Surfing Equipment MarketSegmentation Analysis

The Global Surfing Equipment Market is segmented based on Product Type, Distribution Channel, And Geography.

Surfing Equipment Market, By Product Type

• Surfboards
• Accessories
• Apparels

Based on the Product Type, the Surfing Equipment Market is bifurcated into Surfboards, Accessories, and Apparels. The Surfboard segment is showing significant growth in the surfing equipment market. The growing popularity of surfing is thanks to the wide range of surfboards available, including personalized versions tailored to individual preferences. Surfboard makers currently offer a wide selection of designs, shapes, and materials to suit the varied needs and ability levels of surfers. This customization enables surfers to select the ideal board that matches their surfing style and goals, so improving their whole experience.

Surfing Equipment Market, By Distribution Channel

• Offline Distribution Channel
• Online Distribution Channel

Based on the Distribution Channel, the market is bifurcated into an Offline Distribution Channel, and an Online Distribution Channel. Online distribution channels are experiencing significant growth in the surfing equipment market. This surge in demand for online distribution channels is thanks to the increased internet adoption and the rapid growth of the e-commerce sector.  E-commerce platforms have numerous benefits, including the ability to browse a wide range of alternatives from a single window. Customers benefit from this convenience because it saves them time and money when purchasing online. As a result, surfers are increasingly turning to online channels to meet their surfing equipment needs, which is fueling the rise of the surfing industry’s online distribution segment.

Surfing Equipment Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on Geography, the Global Geographic Information System (GIS) Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is significantly dominating the surfing equipment market and is expected to continue its growth throughout the forecast period thanks to the increasing tourism, and high adoption of surfing in sports. According to the in the United States total surfing population in 2020 was estimated to be 3.8 million, and the surfing population has grown from 2019 by 34%. In the United States the Youth dominate around 71% of the surfing population the participants are in 6 to 34 years.

Key Players

The “Global Surfing Equipment Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Nike Inc., Billabong, Agit Global, JS Industries, Quiksilver Inc., Firewire Surfboards, O’Neil, Cannibal Surfboards, Rip Curl International, and Shop Rusty Surfboards. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Surfing Equipment Market Recent Developments

• In February 2023, Edinburgh Napier University announced a landmark agreement with LOST SHORE Surf Resort, clearing the door for Scotland to become a center for cutting-edge surfing research. SurfLab represents the first official scientific relationship between a higher education school and a wave pool facility.
• In January 2023, the World Surf League (WSL)  announced a partnership with Apple in which the famed Apple Watch would be designated as the official wearable equipment for WSL competitions.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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