Press release
Global Surfboard Market: Institutional Buyers to Account Highest Market Value Share during 2017 – 2026
Fact.MR
Request for Sample Report@ https://www.factmr.com/connectus/sample?flag=S&rep_id=422
According to the report findings, the global surfboard market is pegged to expand at a CAGR of 6.7% in terms of value, during the period of assessment, 2017-2026. Designs of surfboards are expected to be transformed in the coming years. Manufacturers will be offering surfboards with advanced hydrodynamics, supported by the extensive use of lightweight, hybrid materials that improve the surfing capabilities of these boards. The popularity of surfboards in the US and Canada is pegged to bolster the dominance of North America in the global surfboard market. In the coming years, more than 40% of surfboards manufactured in the global market will be sold across the US and Canada coastlines.
Channel Islands Surfboards, GSI, Firewire Surfboards, BIC Sports, Agit Global, BruSurf, Billabong International, Hydenshapes, Greco Surf, Keeper Sports Products, Infinity Surfboards, NSP, Mt Woodgee Surfboards, Quiksilver, and Yuan Sports are observed as the prominent manufacturers of surfboard in the world. Their contribution to the global surfboard market has been extensively profiled in the report. Several manufacturers will be introducing advanced features in their offerings, which will include new electronic components, battery-powered maneuverability and smart speedometers.
Institutional buyers to reflect high profitability for market players
Majority of surfboards sold in the world will be bought by surfing academies, water sports clubs, and private surfing schools, among others. These institutions will be purchasing bulk units of surfboards, which will translate high profits for manufacturers. Over the forecast period, nearly 51% of surfboards sold in the world will be bought by institutions. The contribution of individual buyers in the global surfboard market will dwindle as many will prefer leasing or renting these equipment for temporary basis.
Browse Full Report with TOC@ https://www.factmr.com/report/422/surfboard-market
Longboards and shortboards to collectively represent 56% of the overall market value by 2026-end
Shortboards will be a top-selling product in the global surfboard market. The report foresees their share on global market value to be over 35% by the end of 2026. In the future, surfers will prefer shortboards for their advantage in terms of greater maneuverability, and will make them a sought-after in competitive surfing events. Longboards, on the other hand, will reflect a global market value share of 21% by the end of the forecast period. Noseriding capabilities of longboards will drive their sales despite being heavier than lightweight shortboards.
Sales of surfboards through direct-to-customer online channels will exhibit highest value CAGR during 2017-2026
The largest sales channel for surfboards will be represented by sports variety stores. By the end of 2026, more than 35% of surfboards will be sold through these channels across the globe. However, the report also reveals that direct-to-customer online channels will reflect a robust value CAGR of 9.1% over the forecast period. Offering a range of customization levels and personalization features to the surfboards will drive their sales through direct-to-customer online channels.
Place a Direct Order of this Report@ https://www.factmr.com/checkout/422/S
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Sports market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Surfboard Market: Institutional Buyers to Account Highest Market Value Share during 2017 – 2026 here
News-ID: 1008412 • Views: …
More Releases from Fact.MR
Cloud Segment Poised for Revenue Dominance in Global Location Analytics Market
The global location analytics market, categorized into cloud and on-premises deployment modes, highlights the growing significance of cloud-based solutions in enhancing organizational efficiency and flexibility through optimized utilization of geographic data. Forecasts suggest that the cloud segment will emerge as the revenue leader, propelled by its adaptability to evolving technologies and the capacity to facilitate advanced market development. With a projected CAGR of 13.7% from 2022 to 2032, the cloud-based…
White Bean Pasta Dominates Bean Pasta Market as Consumers Prefer High Protein Co …
The bean pasta market offers a diverse range of products, including white bean pasta, black bean pasta, mung bean pasta, adzuki bean pasta, soybean pasta, green bean pasta, and edamame. With its high protein content, white bean pasta is gaining popularity as a preferred choice among consumers seeking alternatives to traditional wheat pasta. Businesses are capitalizing on the growing demand for plant-based proteins by enhancing their production capacity of white…
Cognitive Assessment and Training Market is Projected to Expand at a noteworthy …
The global cognitive assessment and training market is expected to be worth US$ 2.04 billion in 2022, representing a 16.5% year-on-year growth rate from 2021. By the end of the 2022-2032 assessment period, the market is expected to be worth US$ 9.4 billion.
As the industry shifts toward electronic data collection, guidelines on the recommended approach for establishing similarity between an electronic version of a clinician-administered measure and the paper version…
Loudspeaker Market is Expected to Rise at a CAGR of 5.8% from 2023 to 2033
The global loudspeaker market is valued at USD 3.58 billion in 2023. With a projected compound annual growth rate (CAGR) of 5.8%, the market is expected to reach USD 6.29 billion by 2033.
Loudspeakers, often referred to as speakers, convert electrical signals into audio sound waves. The distinction lies in their capacity for sound output, with loudspeakers capable of producing louder sounds compared to standard speakers, making them preferable for environments…
More Releases for Surf
Global Surf Leash Market, Global Surf Leash Industry, Covid-19 Impact Global Sur …
The surf leash is an effective equipment which has been saving individuals from arduous swims back to shore ever since. While the leashes are meant to keep the track on your board throughout the nastiest of wipeouts, they can and will break and should not be reckoned on as a lifesaving device. This means that you should never paddle out further than you can swim.
According to the report analysis, ‘Global…
“Phuket Surf Fest 2019” kicked off
Phuket, 12 June 2019 – The Tourism Authority of Thailand (TAT) Phuket Office recently organised the “Phuket Surf Fest 2019” to kick off the Phuket Surf Series 2019, scheduled from June to September, and promote tourism during the current Green Season.
The Phuket Surf Fest 2019 event was held under collaboration with Patong Municipality, Surfing Thailand, Phuket Surfing Club, Quiksilver Thailand and the public and private sector partners, from 31 May…
“Phuket Surf Fest 2019” kicked off
Phuket, 12 June 2019 – The Tourism Authority of Thailand (TAT) Phuket Office recently organised the “Phuket Surf Fest 2019” to kick off the Phuket Surf Series 2019, scheduled from June to September, and promote tourism during the current Green Season.
The Phuket Surf Fest 2019 event was held under collaboration with Patong Municipality, Surfing Thailand, Phuket Surfing Club, Quiksilver Thailand and the public and private sector partners, from 31 May…
Global Surf Watches Market Insights, Forecast
Surf watches are specially designed watches that function under water, and thus are an essential gadget for surfers and wave riders as they provide surf reports and surf forecasting. They provide information about wave height, wave period, water temperature, and wind speed & direction. A surf watch is a technical watch and is generally used by fishermen, surfers, sea navigators, and individuals interested in water sports
Get sample copy of the…
Mindfire Solutions Associates with India Surf Festival
Mindfire Solutions, an IT company based out of Odisha, has announced its association with India Surf Festival (ISF). Mindfire is the title sponsor of their 4th edition of ISF to be held from Feb 6th – 8th, 2015 at Ramchandi Beach in Odisha.
Bhubaneswar, January 6, 2015: ISF is creating ripples worldwide through their unique format of surfing festival – which has a lovely concoction of surfing, music, art, adventure all…
Alopecia & Cancer Survivor Charity Surf Camp In North Carolina Presented By WB S …
Wrightsville Beach, N.C., July 28, 2011 -- WB Surf Camp is pleased to announce the next session in their series of Aloha Charity Camps, this one designed for those affected by Alopecia & Cancer. The charity surf camp will take place on August 13, 2011 from 7:45 am until 1:00 pm at Wrightsville Beach, N.C. and is open to 100 participants. The session is complimentary and geared toward building community,…
