The global surfing equipment market size was valued at USD 5.1 billion in 2021 and is projected to expand at a CAGR of 6.2% from 2022 to 2030. Surfing has evolved from a recreational activity to a professional sport, with an increased number of people participating in such activities over the years. This has driven the demand for surfing equipment such as boards, wetsuits, fins, and traction pads. The increasing popularity of surfing among youth and the presence of numerous professional surfers are expected to drive the market further.

Furthermore, the growing preference for eco-friendly surfing equipment is driving the demand for the market. For instance, in May 2021, FCS launched its eco-friendly range of fins made from sustainable plant-based materials. The material is said to be stiffer and more durable than traditional fiberglass fins and can be recycled. In addition, the availability of highly advanced and user-friendly surfing equipment is driving the sales of such products. Surfers are now equipped with advanced features such as fins that are designed to improve control, reduce drag, and provide greater stability.

The increasing penetration of the internet and e-commerce platforms is further propelling the market growth. For instance, the availability of surfing equipment on various e-commerce platforms such as Amazon, Flipkart, and eBay has been increasing over the years. The presence of such online platforms is expected to drive the market significantly in the years to come. Furthermore, the rising trend of premiumization in the market is driving the growth of the market. Key players are introducing premium products with advanced features and designs to cater to the changing customer needs.

In addition, the increasing popularity of surfing and the rising trend of sponsorship and endorsement of the sport by leading brands are expected to drive the market. For instance, in January 2021, Red Bull announced its partnership with professional surfer, Sally Fitzgibbons, to promote the brand and the sport. The rising number of surf-related festivals and events is also contributing to the market growth. For instance, in October 2021, the Japan Surfing Championships were held in Chiba and attracted a total of 250 surfers from all over the world.

The surfboards segment held the largest share of the market in 2022. This can be attributed to the increasing number of surfers and the availability of various surfboard types suitable for different skill levels and wave conditions. According to an article published by Surfline, in 2019, the average age of a surfer in the United States was 28, while the average age of a beginner surfer was 19. This indicates that the sport has gained popularity among the younger generation, which is driving the demand for surfboards. Furthermore, the emergence of electric surfboards or e-boards and the introduction of softboard surfboards over the years are also boosting the segment growth.

The bodyboards segment is expected to register the fastest growth over the forecast period. This can be attributed to the increasing popularity of bodyboarding, which is mainly due to its accessibility and affordability. According to an article published by the American Boogie Association, in 2019, bodyboarding is one of the fastest growing water sports globally. The growing popularity of bodyboarding is driving the demand for bodyboards and related accessories such as fins and leashes. In addition, the introduction of inflatable bodyboards is another factor driving the segment growth.

The specialty stores segment is anticipated to be the largest distribution channel for surfing equipment over the forecast period. The presence of a wide range of products in these stores encourages customers to purchase surfing equipment from specialty stores. The rising demand for specialized products, such as wetsuits, surfboards, and other surfing accessories, has further increased the sales of these products in this channel. Additionally, these stores provide expert advice on product selection, thereby boosting sales.

The online segment is expected to be the fastest-growing distribution channel. Online retailing has gained momentum in recent years, with the increasing number of online retailers offering various surfing equipment products at competitive prices. The rising popularity of e-commerce websites, such as eBay, Amazon, and Flipkart, has further facilitated the growth of this segment. Additionally, the availability of a wide range of products, attractive discounts, and convenient payment options have further boosted the online sales of surfing equipment.

The boards segment held the major share of the market in the year 2022, accounting for 54.7%. The rising demand for surfing boards is driven by the increasing awareness of surfing and related events, such as the World Surfing League (WSL) and the National Scholastic Surfing Association (NSSA). This has encouraged non-professional surfers to try the sport, which has increased the demand for surfing boards. In addition, the increasing popularity of surfing as a leisure activity and the launch of new and improved surfboard designs are driving the market for surfing boards. Moreover, the development of eco-friendly boards made from recycled materials and the launch of inflatable boards are further boosting the segment.

The accessories segment is anticipated to grow at the highest CAGR of 9.0% during the forecast period. The growing demand for wetsuits, fins, wax, and leashes has increased the demand for surfing accessories. Furthermore, the rising trend of beach activities, such as surfing and paddle boarding, has increased the demand for accessories, such as wetsuits, which protect surfers from cold water temperatures. Moreover, the increasing number of surfing competitions and events, such as the WSL, has also raised the demand for accessories, such as fins and leashes.

The Asia Pacific region is estimated to dominate the market and account for the largest revenue share of over 34.2% in 2022. This is attributed to the increasing number of beach-goers in the region, owing to the availability of various surfing spots. Additionally, the presence of a large number of surfing equipment manufacturers in the region is further aiding to the growth of the market. For instance, in April 2021, the Japanese company WING INFLATABLES launched the W-AIR inflatable stand-up paddleboard (SUP) in the Asia Pacific region.

North America and Europe are expected to be the second and third largest regional markets, respectively. This is attributed to the presence of a large number of beach-goers and the growing popularity of surf-related activities in the region. Additionally, the region has witnessed an increase in the participation of female surfers, which is further aiding to the growth of the market. For instance, in February 2021, the U.S.-based company FCS launched the FCS Women’s range of surfboard fins, specifically designed for female surfers.

In this part of the surfing equipment products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your surfing equipment products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a surfing equipment products business comes from sales of surfing equipment, accessories, and apparel. Here you will find a list with a description of each product and other possible sources of profit such as rental and leasing of surfing equipment, online sales, and partnerships with other businesses.

Projecting Expenses
In this section, all the regular expenses related to keeping the surfing equipment products business running will be described. The list of operating expenses includes wages, overhead costs such as rent, utilities, equipment costs, insurance policies, advertising, and others.

Some of the key companies operating in the surfing equipment market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the recent initiatives are:

– In April 2022, Quiksilver launched the EQ2, a range of surfboards designed for advanced surfers.

– In May 2022, Billabong launched the WaveSki series of boards designed for beginners and intermediates.

– In June 2022, Rip Curl launched the Revolution range of boards featuring superior maneuverability and stability.

Some of the prominent players in the surfing equipment market include:

– Quiksilver
– Billabong
– Rip Curl
– Hurley
– O’Neill
– Surftech
– FCS
– Ocean & Earth
– Channel Islands Surfboards
– Firewire Surfboards

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global surfing equipment products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Surfboards
– Wetsuits
– Fins
– Leashes
– Rashguards
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Online
– Specialty Stores
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Professional
– Amateur

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Major Drivers of the Surfing Equipment Market?
[A]: The major drivers of the surfing equipment market include the increasing popularity of surfing as a recreational activity, the growing number of surfing competitions and events, the rising disposable income of consumers, and the emergence of new technologies. Additionally, the increasing demand for eco-friendly surfing equipment is driving the growth of the surfing equipment market.

[Q]: Who are the Key Players in the Surfing Equipment Market?
[A]: The key players in the surfing equipment market include Quiksilver, Inc., Billabong International Limited, Rip Curl Pty. Ltd., Patagonia, Inc., O’Neill, Inc., and SurfTech.

[Q]: What are the Major Challenges of the Surfing Equipment Market?
[A]: The major challenge of the surfing equipment market is the high cost of surfing equipment. Additionally, the availability of counterfeit and low-quality products is also a major challenge.

[Q]: What is the Potential of Product Innovation in the Surfing Equipment Market?
[A]: The introduction of innovative products such as inflatable stand-up paddleboards and eco-friendly boards is driving the growth of the surfing equipment market. Additionally, the demand for lightweight and durable boards is increasing, which is fostering the development of new materials and designs.

[Q]: Which Region Offers the Largest Opportunity for Sales of Surfing Equipment?
[A]: North America is the largest regional market for surfing equipment due to the increasing popularity of surfing as a recreational activity and the presence of a large number of surfing events and competitions in the region. Additionally, the presence of a large number of manufacturers in the region is also driving the growth of the surfing equipment market in North America.