Surfing Equipment Market size was valued at USD 3.88 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2021 to 2028.
Surfing is a surface-water activity in which the participant sits on the leading edge or head of a wave that is traveling toward the beach. Surfing gear is utilized to perform the sport, and among the popular surfing goods include clothing, surfboards, and surf gear. Because it relieves stress to be outside, surfing is regarded as a recreational sport. equipment market for surfers. The market’s expansion is accelerated by the uptake of leisure activities because of the numerous health benefits associated with surfing, increased worldwide travel, and use of equipment that makes it easier for people to move their bodies against the current of rolling waves. The surge in interest among adventure enthusiasts, particularly millennials, and the rise in demand for and sales of surfing gear, such as surfboards, gear, apparel, and accessories, also have an impact on the market. Additionally, the market for surfing equipment is benefited by rising game and sport participation, strategic marketing tactics, high e-commerce sales channels, an increase in disposable income, and a rise in health consciousness.
Specialty shops aim to differentiate themselves by positioning themselves as a family-friendly establishment that serves young teenagers and their parents since they are willing to spend more for higher-quality products. Premium items are preferred by consumers with a lot of disposable income, but product features, functionality, and comfortability are crucial factors that could limit market growth.
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Major Players in Surfing Equipment market are:
Boardworks
Firewire Surfboards
Ocean and Earth
Quiksilver
O’Neill
Haydenshapes Surfboards
Xanadu Surfboards
Surftech
Rusty Surfboards
McTavish Surfboards
Hurley
Hobie
Most important types of Surfing Equipment products covered in this report are:
Surfing Boards
Apparel & Accessories
Most widely used downstream fields of Surfing Equipment market covered in this report are:
Specialty Stores
Online
Hypermarkets
Others
Top countries data covered in this report:
United States
Canada
Germany
UK
France
Italy
Spain
Russia
China
Japan
South Korea
Australia
Thailand
Brazil
Argentina
Chile
South Africa
Egypt
UAE
Saudi Arabia
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Key Points:
Define, describe and forecast Surfing Equipment product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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