United States Surfboard Market Insight, Trends, Report 2023-2030
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Surfboard Market size by value at USD 1.37 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Surfboard Market size to expand at a CAGR of 3.98% reaching a value of USD 1.8 billion by 2030. Major driving factors for United States Surfboard Market include Americans’ growing interest in surfing as a recreational activity and sport, particularly among younger generations. Thriving coastal tourism, media exposure, and surfing events further fuel demand. Advances in surfboard technology, including eco-friendly materials and customizable designs, also attract consumers. Additionally, the rise of surf schools and surfing communities, along with the sport's inclusion in global competitions like the Olympics, contribute to the market's expansion.
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Opportunity – Expanding E-commerce Sector in United States
The growth of e-commerce sector across the country significantly boosts the growth of United States Surfboard Market. Online platforms offer consumers easy access to a diverse range of surfboard styles, brands, and prices, enhancing purchasing convenience. As surfing gains popularity, particularly among younger demographics, e-commerce facilitates direct-to-consumer sales, reducing overhead costs for brands. Additionally, targeted online marketing and social media influence increase awareness and interest, driving sales and contributing to the overall expansion of United States Surfboard Market.
Impact of Escalating Geopolitical Tensions on United States Surfboard Market
Escalating geopolitical tensions could have both direct and indirect impacts on United States Surfboard Market. Disruptions in global trade can lead to supply chain issues, affecting the availability of raw materials like fiberglass, foam, and resin, essential for surfboard production. Increased tariffs and restrictions on imports from key surfboard manufacturing countries (e.g., China) can raise costs, leading to higher retail prices. Consumer sentiment may also shift, with economic uncertainty reducing discretionary spending on leisure goods like surfboards. Furthermore, geopolitical risks could affect travel and tourism, particularly to coastal areas, potentially reducing demand for surfboards from both local surfers and tourists. Overall, geopolitical instability may create cost pressures and reduce demand in United States Surfboard Market.
Online Distribution Channel to Grow Faster in US Surfboard Market
The online distribution channel segment is project to grow at a faster CAGR, driven by e-commerce convenience, broader selection, and competitive pricing. However, the offline segment remains the leader. The offline segment holds a larger market share of United States Surfboard Market, due to the tactile nature of surfboard purchases, where consumers prefer to physically inspect the boards, assess quality, and get personalized advice from specialists in surf shops. Additionally, many surfers value the expertise offered by local retailers, which enhances customer experience.
Competitive Landscape
United States Surfboard Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Solid Surfboards, Lost Surfboards, Firewire Surfboards, Orca, Gordon & Smith (G&S), Rusty Surfboards, Harbour Surfboards, USA Surfboard Shapers, and Blueprint Surf Company. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in United States Surfboard Market.
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