Global Surfing Equipment Market Report and Forecast 2024-2032

Global Surfing Equipment Market Outlook

The global surfing equipment market size reached a value of around USD 4.59 billion in 2023. The market is expected to grow at a CAGR of 3.6% between 2024 and 2032, reaching a value of around USD 6.34 billion by 2032.

Key Takeaways

Surfing is a type of surface water sport in which the individual uses a board to ride on incoming waves in an upright position, using the force of the tide for forward movement. Surfing equipment refers to the different accessories and items that are used during surfing and can include surfboards, wetsuits, and goggles. A popular hobby, surfing is also considered to be a sport. Surfing equipment is designed to promote the safety and comfort of surfers while helping them manoeuvre in the water.

Rising interest in water sports has significantly enhanced the surfing equipment market growth. Adventure enthusiasts and young individuals are surging the sales of surfing equipment, such as gear, surfboards, accessories, and apparel. The rising popularity of personalised equipment is aiding the market growth.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Trends and Developments

Increasing emphasis on sustainability; surging utilisation of advanced materials; growing development of wave pools; and the increasing adoption of functional surf wear are positively impacting the market growth

Global Surfing Equipment Market Trends

The evolution of surf parks, featuring man-made wave pools, has significantly bolstered the market by democratising access to the sport beyond traditional coastal locales. Initially, the novelty of first-generation wave pools attracted attention, yet they fell short of providing the high-quality waves needed for genuine surfing experiences. However, recent advancements in wave-generation technology have revolutionised these facilities, offering consistent and surf-worthy waves that mimic ocean conditions.

The surge in popularity of surfing, not just as a sport but also as an activity that aids in mental well-being, is another major factor propelling the surfing equipment market expansion. Surfing transcends the conventional boundaries of sport, offering a holistic experience that significantly contributes to physical health, mental well-being, emotional balance, and even social connections.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Segmentation

“Global Surfing Equipment Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Surfboards are expected to dominate the surfing equipment market share in the coming years as they are essential in surfing activities

Surfboards are anticipated to account for a major portion of the market share as they are the core equipment of the sport. While essential, surfboards are high-involvement purchases with a longer decision-making process and a higher price point. Surfers typically buy surfboards less frequently than other products due to their durability and the specific needs of the surfer.

Apparel, on the other hand, includes a wide range of products, from functional items like wetsuits and rash guards to lifestyle clothing such as t-shirts, shorts, and swimwear. The broad appeal of surf apparel extends beyond active surfers to include individuals who identify with or aspire to the surf lifestyle. This category benefits from more frequent purchases due to fashion trends, seasonal changes, and the wear-and-tear of regular use.

Accessories in surfing include a variety of items such as leashes, fins, wax, board bags, and repair kits. While these products are essential for the sport, they typically have lower price points than surfboards and surfing apparel.

Offline distribution channels are preferred by consumers due to their accessibility and convenience

Speciality surf shops often include experienced surfers who can offer valuable advice, helping customers find the right equipment for their skill level and surfing conditions. Moreover, purchasing in-store allows customers to leave with the product immediately, which is particularly appealing for impulse buys or last-minute needs before heading to the beach.

Meanwhile, online channels cover a considerable portion of the market share as consumers often prefer the ability to buy products anytime, anywhere, without the need to visit a physical store. Despite these benefits, the online channel faces challenges in the surfing equipment market. Surfing gear, especially surfboards, is highly personal and preference-driven.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Competitive Landscape

Some of the major players in the surfing equipment market are innovating with materials and designs of surfing equipment to enhance its performance:

Other key players in the global surfing equipment market are Agit Global, Inc, Cobra International Co., Ltd, Huizhou Xinyitong Sports Equipment Co. LTD, Tahe Outdoors, and Simon Anderson Surfboards, among others.

Manufacturers around the world are increasingly innovating with product design and researching specialised materials to enhance performance, safety, and sustainability of surfing equipment. For instance, manufacturers have adopted various materials, including expanded polystyrene (EPS) foam cores, fibreglass cloth, and epoxy resins, to make the surfboards lighter, more durable, and more responsive to the surfer’s movements.

Moreover, companies, such as Patagonia , are increasingly focusing on reducing emissions through the incorporation of natural materials. The company has launched Yulex streamers, made of natural rubber, which can reportedly, reduce the CO2 emissions from one wetsuit by up to 80%.

Surfing Equipment Market Analysis by Region

The market in North America is expected to grow robustly in the forecast period due to the rising popularity of surfing among adventure seekers. The United States has a massive market, which is supported by its extensive coastline and beaches. The United States is also a well-known tourist destination for surfing and other water sports because of its long coastlines, widespread availability of leisure activities, and various surfing competitions.

Over the forecast period, the surfing equipment market in the Asia Pacific is anticipated to develop at a fast CAGR. The regional market is anticipated to be driven by the rising interest in surfing and other adventure sports among young people, adventure enthusiasts, and tourists in nations like Maldives, Cambodia, Japan, Indonesia, Thailand, and Vietnam.

Latin America is also expected to account for a considerable portion of the global surfing equipment market share. Countries like Costa Rica, Brazil, Peru, and Mexico have become renowned destinations for surfers worldwide, thanks to their consistent waves, warm waters, and diverse surf spots catering to all levels of proficiency.

Key Highlights of the Report