Press release
Study on Global Stand Up Paddle Board Market to Witness Elevated Growth during the Assessment Period, 2018-2028 || Top Growing Industries- BIC Sport, SUP ATX, Red Paddle Co Limited, Tower Paddle Boards , Yolo Board , C4 Waterman, Rave Sports, Hobie Cat Co
Fact.MR
Recent studies have demonstrated that early adopters who purchase high-performance, expensive gear are gradually giving way to popular consumers at low-price point. As the paddle boarding industry matures, young paddlers with moderate income are foraying the market in large numbers, which in turn will lead the industry to perceive downward pressure regarding price points.
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Stand Up Paddle Board Manufacturers taking User-Friendly Hands On Approach for Boosting Sales
With rapid progress in stand up paddle board developments, product designers and manufacturers are currently taking a “user-friendly hand-on” approach, in a bid to bring novel products designed specifically for novice end consumers. This is further expected to facilitate accessibility of consumers to the sport. This is unlike the trend in the past, wherein watersports such as windsurfing illustrated a robust decline on account of product developments focused toward elite users.
Progression of carbon materials with high young’s modulus has been complementing the development of lighter yet stiffer racing stand up paddle boards. Technology advancement is gaining greater emphasis as the industry matures, and brands are discovering and incorporating stand up paddle board-specific materials, such as the Red Paddle Co.’s MSL technology.
Tradeshow Endorsements by Sports Associations to Augur Well for SUP Board Sales
According to analysis of the report on the brands operating in the stand up paddle board market, the ongoing trend of high accessibility of boards to entry-level participants, and increased focus on gear will continue to augment the market’s growth. Increased momentum of high-performance stand up paddle boards with the option of flex, which are becoming a vital part of the equipment, is a key implication of enthusiasts’ focus toward gear.
Leading sports associations are taking efforts toward enhancing the popularity of SUP boarding, by endorsing trade shows. For example, the SUP Industry Association (SUPIA) in the U.S. endorses two annual shows of Surf Expo in Orlando and the Summer Market of Outdoor Retailer in Salt Lake City. Additionally, in Europe, Germany’s Paddle Expo has been gaining immense momentum since the recent past, and is currently on the cusp of becoming the leading SUP Tradeshow in the region. Such endorsements will result in increased participation in the sport, thereby boding well for stand up paddle board sales.
The stand up paddle boarding industry is no more at its infancy stage, as it perceives robust growth benefitting from past watersports industries’ insights regarding imperativeness of foresight. A lengthy & bright future is associated with the SUP industry, with experience players sharing a common agenda of ensuring every new participant leaves with positive experience. This will significantly influence participation in the sport, and fuel sales of stand up paddle board in the near future.
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Table of Content:
Executive Summary
1.1. Summarizing Key Findings
1.2. Wheel of Fortune
1.3. Opportunity Assessment
1.4. Mega Trends
Global Stand Up Paddle Board Market Introduction
Global Stand Up Paddle Board Industry Overview
3.1. Global Stand Up Paddle Board Market Value (US$ Mn) Forecast and Analysis
3.2. Forecast Factors and Relevance of Impact
3.3. Stand Up Paddle Supply Chain Analysis and Operating Margins
3.4. Market Dynamics
3.5. PEST Analysis
3.6. Pricing Analysis by Region
3.7. Opportunity Analysis
3.8. Investment Feasibility Analysis
3.9. Market Players Competition Matrix
3.10. Key Players Market Presence (Intensity Map) by Regions
Global Stand Up Paddle Board Market Historical Analysis 2013-2017 and Forecast 2018-2028, By Product Type
4.1. Revenue (US$ Mn), 2018-2028
4.2. Market Share Comparison
4.3. Y-o-Y growth Comparison
Global Stand Up Paddle Board Market Historical Analysis 2013-2017 and Forecast 2018-2028, By Length
5.1. Revenue (US$ Mn), 2018-2028
5.2. Market Share Comparison
5.3. Y-o-Y growth Comparison
Continued…………
Stand Up Paddle Board Market: Preeminence of North America Prevails with Strong Consumer Affinity Toward Water Sporting Activities
North America continues to be the tip of the spear in terms of revenues from stand up paddle board sales. Most of the region’s dominance can be attributed to the wider consumer base coupled with their robust affinity toward various water sporting activities, and stand up paddle boarding is no exception. Among various paddle sports, kayaking and SUP boarding are most popular among water sports enthusiasts in the region, particularly the youth population.
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