Stand Up Paddleboard Market, the Impact of Technology Enabled Business Processes and Overview of the Challenges Ahead in 2028 with the Changing Sales and Marketing Landscape
The global paddleboard market revenue is expected to witness significant growth with an estimated market size of 112 million by 2028, registering a modest CAGR valuation of 8% over the estimated forecast period, 2021-2028.
Dallas, TX, Oct.27, 2021 (GLOBE NEWSWIRE) – Surfing is a popular sport also adopted as a recreational activity for many people who prefer water activity as a pastime. In the same way, stand up paddle market has also grown in popularity in recent decades with growing cultural influence and increasing numbers of people going back to traditional and cultural activities other than festivities, one of which is stand up paddleboarding. Demand for paddleboards grows as the tourism industry nears full functionality as the sector recovers from significant losses during the COVID-19 pandemic that ended adventure tourism in the world.
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Stand-up paddleboards are equipment used in water sports that are a sibling of the conventional and globally popular water sport, surfing. The requested equipment is similar in terms of physical attributes to that of a surfboard with some modifications such as a longer and relatively thicker board base compared to a standard surfboard. A rapid increase in recreational activities seen in the wake of the normalization of life after the pandemic that locked people around the world inside their homes is massively accelerating demand for stand-up paddleboards. Hence, the growth of the global stand-up paddleboard market is expected to be an inevitable event in the success trajectory of the industry.
Major players in the Stand Up Paddle Board market include:
Sun Dolphin Boats
Sea eagle boats
Clear Hawaii Corp
Northwest River Supplies
EXOCET – ORIGINAL
Stand-up Paddle BIC Sport
Surf & SUP
Tower paddle boards
Stand-up paddleboards, often referred to as SUP, are a hybrid piece of equipment for kayaking and surfing, two water activities that are very popular around the world. Stand-up paddleboarding has become one of the world’s fastest growing and largest boardsports industries, with an anticipated increase in awareness of the nautical activity, as the cultural influence and the Adventure tourism seem to be the main catalyst in getting the masses to experience water sports. . Adventure tourism is recognized as the most important flag bearer, driving the growth of the global stand-up paddleboard market as the tourism industry assumes a much needed boom.
Product types include:
Solid SUP boards
Inflatable SUP boards
Still water or Touring
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Growing technological advancements encourage paddle board designers to develop a product that is much more practical, sturdy and attractive. Product designers and manufacturers advertise the user-friendly approach to product development by thoroughly showcasing the advanced, strong, durable and yet stylish stand-up paddle boards aiming to gain traction with a profitable model , thus propelling the growth of the global stand. paddle board market. The increase in experimental initiatives to develop state-of-the-art and a new range of product specificities is expected to provide lucrative growth opportunities for the global stand-up paddle market.
Pre-existing paddleboard manufacturers and new product designers are witnessing a rapid evolution in product development approach, moving from multi-purpose, multi-purpose inflatable paddle boards to newly trending high-end SUPs driven by consumer needs. . of luxury class and higher purchasing power are responsible for the growing demand for premium and exclusively designed SUPs. Also, the demand for lightweight and performance racing stand up paddle boards due to the growing dominance of racing applications in the stand up paddle board market. individual consumers are also increasingly purchasing paddleboards for recreational activities such as fishing.
The global stand-up paddle board market is fragmented into several segments on the basis of product type, distribution channel, application / business, and end users. Classification based on product type translates into the different sizes of paddle boards available in the market covering paddle boards under 10 feet, between 10 and 11 feet and boards over 11 feet. In terms of SUP application, the market is segmented into various uses including surfing, racing activities, multi-purpose sports, calm water or hiking and other recreational applications responsible for driving demand.
Highlights from the table of contents:
1.2. Definition and scope of the market
1.3. Units, currency, conversions and years considered
1.4. Key stakeholders
1.5. Answers to key questions
2. Research methodology
2.2. Data capture sources
2.3. Market size estimate
2.4. Market forecast
2.5. Data triangulation
2.6. Assumptions and limitations
3. Market outlook
3.2. Market dynamics
3.3. Porter’s Five Forces Analysis
3.4. PEST analysis
4. Paddle Board Market by Type, 2021-2028 (USD Million)
4.1. Solid SUP boards
4.2. Inflatable SUP boards
5. Stand Up Paddleboard Market by Length, 2021-2028 (USD Million)
5.1. Less than 10 feet
5.2. 10 feet – 11 feet
5.3. Over 11 feet
6. Stand Up Paddleboard Market by End User, 2021-2028 (USD Million)
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