The "Surfing - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis and the looming economic recession, the Surfing market worldwide will grow by a projected US$745.2 Million, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 3.1%. Surfing Boards, one of the segments analyzed and sized in this study, is forecast to grow at over 3% and reach a market size of US$2.6 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Surfing Boards market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 3.8% CAGR. Within Europe, Germany will add over US$44.2 Million to the region's size over the next 7 to 8 years. In addition, over US$31.3 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Surfing Boards segment will reach a market size of US$188 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Surfing market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 3.1% over the next couple of years and add approximately US$126.3 Million in terms of addressable market opportunity.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Competitors identified in this market include, among others,
Billabong International Limited
Channel Islands Surfboards
Globe International Ltd.
Gul Watersports Ltd
Rip Curl International Pty Ltd.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Surfing: A Popular Sporting & Leisure Activity
Surfing Apparel: Focus Shifts to Surf Wear Combining Functionality & Fashion
Surf Wear Makeover to Kindle Growth
Surfing Offers a Lucrative Opportunity for Wetsuits Market
Performance Surf Wear Continues to Gain Prominence
Favorable Demographics to Boost Sales of Surfing Gear and Surf Wear
Women & Girls - The New Wave of Surfers
Surfboard Market - Rise in Leisure and Professional Surfing Drives Growth
Wooden Surfboards - An Eco-friendly and Sustainable Alternative to Traditional Surfboards
Brand Diversification to Open up New Markets
Media - A Major Promotional Platform
Surfing Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Wave Pools Bring Surfing to Landlocked Areas - Promising Growth in Store for Surf Apparel andSurf Gear Market
A Glance at Select Development Initiatives Related to Artificial Wave Technology
Efforts to Transform Professional Surfing into Arena-based Sports Fans Developmentof Surf Parks
Fashion Influences in Men's Surf Wear
Technology Advancements to Spur Growth Opportunities
Carbon Technology to Improve Surfboards
Hybrid & Uniquely-Shaped Surfboards: A Mix of Improved Performance, Convenience & Fun
Innovation in Fin Designs Aimed at Improving Control & Steering of Surfboard
Rising Interest in Surfboard Volume Metrics to Lend Traction for Market
Aviation Inspires New Surfboard Design!
Battery-driven Surfboard Powers Electric Surfing Market
Quiksilver and AquaLung Develop Highline Airlift Safety Vest for Big Wave Riding
Trinity Develops PRS Surfboards
Apparel and Gear Companies Set to Benefit from the Surge in Surf Tourism
Surfing-related Economic Development - A Boon for Vendors of Surfing Gear and Apparel
Health + Wellness + Surfing: The New Mantra for Success
Select Surf & Wellness Programs Worldwide
Entertainment Industry - A Promoter of Surfing Culture
Despite Competition from Online Channels, In-Stores Sales Hold Ground in Surfing Market
Surf Forecasting Improves Participation
Focus Shifts to Eco-Friendly Surfboard Materials & Production Techniques
Sustainable Practices to Spur Growth
Algae-based Surfboards Emerge as Sustainable Alternatives to Standard Surfboards
Seasonality & Topography: A Characteristic of the Sport
Cost Pressure Increases with Newcomers Entering the Sport
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/hdbv3c
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