The surfboard market size is expected to grow by $4.80 billion from 2024 to 2028. Increasing educational surfing courses will drive market growth, Technavio

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01-07-2024

NEW YORK, July 1, 2024 /PRNewswire/ — The global surfboard market size is expected to grow further $4.80 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 9.2% during the forecast period. This growth is driven by a number of factors, including:

• The rising popularity of surfing as a recreational activity
• The development of new and innovative surfboard designs
• The increasing availability of educational surfing courses

The surfboard market is also driven by the growing trend of eco-friendly and sustainable products. Consumers are increasingly looking for surfboards made from recycled materials or with production methods that have a lower impact on the environment.

Research report provides comprehensive data on the impact of the trend. For more details- Download a sample report

However, the surfboard market also faces some challenges. The increasing adoption of DIY surfboards poses a challenge to traditional surfboard manufacturers. Additionally, bodysurfing and stand-up paddleboarding (SUP) are growing trends that could cannibalize surfboard sales.

Despite these challenges, the surfboard market is expected to continue to grow in the coming years. The increasing popularity of surfing and the development of new and innovative surfboard designs are expected to drive the market growth.

Learn and discover more about Technavio’s in-depth research reports

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SOURCE Technavio