EXECUTIVE ENGAGEMENTS
POOL
INTERACTIONS
PARTICIPANTS
VALIDATIONS
COMPANIES
* Login for a full stack data experience
DATE
FEB 2022
TABLES
54
PAGES
443
EDITION
17
PRICE
USD 5450
CODE
MCP-6403
*Engagement stats are ongoing and dynamic
HIGHLIGHTS & REPORT INDEX
What`s New for 2022?
» Global competitiveness and key competitor percentage market shares
» Market presence across multiple geographies - Strong/Active/Niche/Trivial
» Online interactive peer-to-peer collaborative bespoke updates
» Access to our digital archives and MarketGlass Research Platform
» Complimentary updates for one year
Global Board Sports Market to Reach US$28.1 Billion by the Year 2026
Usually referred to activities/games that inherently involve the use of `board` as primary equipment, board sports are amongst the most sought after by `adrenaline junkies`, a group of people who normally crave for adventures, thrills, speed, and stunts. Some of the most popular board sports followed globally include surfing, windsurfing, wakeboarding, bodyboarding, skateboarding, kiteboarding, and skimboarding, all of which are played during summer time. Meanwhile, snowboarding, a typical winter sport, represents an important board sports market. Weather conditions and length of the season drive the global board sports market. As a result, summer products example, sunglasses, t-shirts and boardshorts are sold mainly in the first half of the year while winter products such as pants, sweaters, long sleeve shirts, jackets, fleece, goggles and outerwear are mostly sold in the second half of the year. Sales of surfing gear are hugely dependent on discretionary consumer spends, economic conditions, surfing participation, new product introductions, and latest fashion trends. With more consumers accepting cheaper Asian products, pressure on manufacturers to modify their product portfolio and prices will continue to intensify. A noteworthy trend in the market for surfboards is the increasing popularity of adaptive surfing creating more demand for the boards. Surf boards market also benefits from the rising popularity of surfing as a health and fitness activity due to its ability to offer whole-body benefits.
Amid the COVID-19 crisis, the global market for Board Sports estimated at US$23.1 Billion in the year 2022, is projected to reach a revised size of US$28.1 Billion by 2026, growing at a CAGR of 5.5% over the analysis period. Summer Boardsports, one of the segments analyzed in the report, is projected to grow at a 5.9% CAGR to reach US$26.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Snowboarding segment is readjusted to a revised 1.4% CAGR for the next 7-year period. This segment currently accounts for a 9.5% share of the global Board Sports market. Snowboarding is gaining impetus from the expansion of the overall snowsports. The sport is now being considered a part of the overall outdoors experience, and not just solely a mountain sport. Therefore, some board sports companies are offering products such as backpacks, sleeping bags, and clothing, among others, in line with the trend.
The U.S. Market is Estimated at $11.5 Billion in 2022, While China is Forecast to Reach $1.5 Billion by 2026
The Board Sports market in the U.S. is estimated at US$11.5 Billion in the year 2022. The country currently accounts for a 49.7% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$1.5 Billion in the year 2026 trailing a CAGR of 6.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 5.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR while Rest of European market (as defined in the study) will reach US$1.4 Billion by the end of the analysis period. Despite the growing popularity of board sports, only a few countries have built a reputation as prime board sports destination. Considered a sport of adventures, thrills, speeds and stunts, board sports enjoys a cult following in Australia, US, and Europe. The US is the largest market for board sports, largely owing to a mushrooming population of urban lifestyle surfers, in addition to passionate and experienced surfers who often consider surfing a veritable way of life. Surfing represents one of the largest and the most profitable sporting markets in Australia. Surfing is considered a national sport, with more than 1 in every 10 Australians engaged in the water sport. Over 20 national surfing events are conducted every year, which attract over 2000 participants.
SELECT PLAYERS
adidas AG; Boardriders, Inc.; Body Glove International, LLC; Burton Snowboards; Capita; Globe International Ltd.; Gul Watersports Ltd.; Hurley, Inc.; K2 Snowboarding; Mervin Manufacturing; Meta-Sports CO., Ltd.; Never Summer Industries; Nike Skateboarding; Nitro USA, Inc.; North Actionsports B.V.; O’Neill; Rip Curl, Inc.; Salomon Snowboards; Volcom, LLC
SEGMENTS
» Segment (Summer Boardsports, Snowboarding)
GEOGRAPHIES
» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Spain » Russia » Rest of Europe » Asia-Pacific » Rest of World
TABLE OF CONTENTS
I. METHODOLOGY |
II. EXECUTIVE SUMMARY |
1. MARKET OVERVIEW |
Impact of Covid-19 and a Looming Global Recession |
As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021 and Beyond |
With IMF Making an Upward Revision of Global GDP for 2022, Companies Remain Bullish About an Economic Comeback |
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022 |
Surfing Gear Businesses Remain Alive & Kicking during COVID-19 Pandemic |
EXHIBIT 2: YoY% Sales Growth in Surf Hardgoods in the US: Feb 2020, April 2020, June 2020, October 2020, December 2020, and March 2021 |
Skiing and Snowboarding Industry Faces a Bumpy Ride |
Winter Sports to Stage Recovery from Pandemic Woes through Digitalization |
Improving Consumer Demand to Drive Winter Sports Gear Sales in 2021-2022 Season |
Influencer Market Insights |
World Market Trajectories |
Board Sports: A Prelude |
Insight into Key Segments |
Summer Board Sports |
Snowboarding |
Generic Factors Influencing the Board Sports Market |
Seasonality: A Characteristic of the Sport |
Economic Conditions |
Alternate Sports & Leisure Activities Cap Consumer Base |
Board Sports – Global Key Competitors Percentage Market Share in 2022 (E) |
Board Sports Competitor Market Share Scenario Worldwide (in %): 2020E |
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E) |
Summer Boardsports (Segment) Global Competitor Market Share Positioning for 2020 & 2027 |
Snowboarding (Segment) Market Share Breakdown of Key Players: 2020 & 2027 |
Regional Landscape |
Key Board Sports Markets |
Surfing: The Most Popular Board Sports |
Evolution of Surfing |
Surfboards: An Introduction |
Global Market Prospects & Outlook |
Skiing and Snowboarding Market |
Asia and its Emergence as Next Skiing Destination |
Competition |
EXHIBIT: Market Share of Leading Players in the Global Board Sports Market: 2020 |
Recent Market Activity |
World Brands |
2. FOCUS ON SELECT PLAYERS |
3. MARKET TRENDS & DRIVERS |
Rising Interest Among Women in Board Sports Opens Encouraging Prospects |
Favorable Demographics to Boost Sales of Surf Wear and Surf Gear |
EXHIBIT 3: Surfing Participation Worldwide: Number of Surfers (in Thousands) for Select Countries |
Women & Girls: The New Wave of Surfers |
EXHIBIT 4: World Surfing Participation by Gender: 2021 |
Industry Witnesses Change in Average Age of Surfers |
EXHIBIT 5: World Surfing Participation by Age Group: 2021 |
Key Technological Advances That Are Transforming Surfing Experience |
Modular Collapsible Surfboard |
Smart, Connected Surfboards Take Surfing Experience to New Level |
Surf Forecasting Improves Participation |
3D Printed Surfboard & VR Surfing |
Drone Technology for Surfing |
Finding the Perfect Wave Using Smart phones |
Major Recent Design Innovations in Board Sports Equipment |
Increased Demand for Handmade and Customized Ski Equipment |
Key Future Design Improvements Expected in Surfboards |
Hi-tech Surfing Gains Interest |
Battery-driven Surfboard Powers Electric Surfing Market |
Rising Interest in Surfboard Volume Metrics to Lend Traction for Market |
Sustainable Practices Gain Prominence in Surfing Industry |
Wooden Surfboards: An Eco-friendly and Sustainable Option |
Carbon Technology to Improve Surfboards |
Use of Carbon Fiber Waste in Surfboard-Making |
Surfboards Find Use in Snowboarding |
Rising Popularity of Adaptive Surfing to Present Long-term Growth Prospects |
Artificial Wave Pools and Surf Parks Bring Surfing to Landlocked Areas: Potential for Surf Apparel and Gear |
Health + Wellness + Surfing: The New Mantra for Success for Surf Tourism |
Luxury Surf Tourism: Potential for Long-term Growth |
Online Channels Continue to Gain Traction |
Surfing Apparel: Focus Grows on Surf Wear Integrated with Functionality & Fashion |
Wetsuits: Recreational & Professional Surfing to Drive Gains |
Performance Surf Wear: Poised for Growth |
Windsurfing Sustains Hold |
Kiteboarding Gains Attraction in Select Markets |
EXHIBIT: Kiteboarding Participation in the US (in Millions): (2011-2020) |
Wakeboarding Gains Interest as an Extreme Sport |
Manufacturers Target Ski & Snowboard Market with New Gear Options |
Splitboarding Gains Popularity |
Ski Resorts & Snowboard Businesses Feel Heat from Global Warming & Climate Change |
Adapting to Change |
Sustainability Concept Becomes More Audible in Surfboard & Snowboard Space |
Snowboard Makers Eye on Sustainability |
Backcountry Skiing and Snowboarding Gains Interest |
Demographics of Winter Sports |
Advanced Technology, and Performance Apparel Spearhead Market Growth |
Snowboarding Fashion: Plethora of Fresh Styles Hitting Retail Stores |
Technology Paves the Way for Unique and Sophisticated Products |
Skateboards Targeted at Women Offer Significant Growth Opportunities |
4. GLOBAL MARKET PERSPECTIVE |
World Recent Past, Current & Future Analysis for Board Sports by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
World Historic Review for Board Sports by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
World 15-Year Perspective for Board Sports by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2021 & 2027 |
World Recent Past, Current & Future Analysis for Summer Boardsports by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
World Historic Review for Summer Boardsports by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
World 15-Year Perspective for Summer Boardsports by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027 |
World Recent Past, Current & Future Analysis for Snowboarding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
World Historic Review for Snowboarding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
World 15-Year Perspective for Snowboarding by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027 |
III. MARKET ANALYSIS |
UNITED STATES |
Market Facts & Figures |
US Board Sports Market Share (in %) by Company: 2020 & 2027 |
Summer Boardsports (Segment) Market Share Analysis (in %) of Leading Players in the US for 2020 & 2027 |
Snowboarding (Segment) Competitor Revenue Share (in %) in the US: 2020 & 2027 |
Board Sports Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E) |
Market Overview |
US Surfing Industry |
V Shape Recovery in Sales Amidst the COVID-19 Pandemic |
Younger Demography and Growing Interest in Surfing Offer Bright Outlook |
Surfing Stats |
Surf Parks and Wave Pools Drive Opportunities for Surfing Equipment & Products , |
Snowboarding Remains Popular |
EXHIBIT: Participation in Snowboard 2011/20212 to 2019/2020 |
EXHIBIT: US Winter Sports Participation by Activity: 2020 |
EXHIBIT: The US Snowboards Participation by Age Group: 2019/2020 |
EXHIBIT: US Snowboarding Participation by Gender: 2019/2020 |
EXHIBIT: Skateboarding Participation in the US (in Millions): 2011-2020 |
USA Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
USA Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
USA 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 |
CANADA |
Market Overview |
Canada Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
Canada Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
Canada 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 |
JAPAN |
Board Sports Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E) |
Japan Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
Japan Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
Japan 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 |
CHINA |
Board Sports Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E) |
Market Overview |
China Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
China Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
China 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 |
EUROPE |
Market Facts & Figures |
European Board Sports Market: Competitor Market Share Scenario (in %) for 2020 & 2027 |
Summer Boardsports (Segment) Market Share (in %) by Company in Europe: 2020 & 2027 |
Snowboarding (Segment) Market Share (in %) of Major Players in Europe: 2020 & 2027 |
Board Sports Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E) |
Market Overview |
Surfing Industry |
EXHIBIT 12: Surfing Population in Europe: Percentage Breakdown of Surfers by Gender for 2021 |
EXHIBIT 13: European Surfboard Market Breakdown by Custom Surfboards and Industrial/Molded Surfboards for 2021 |
Surfing Market Amid the Pandemic |
Europe Recent Past, Current & Future Analysis for Board Sports by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR |
Europe Historic Review for Board Sports by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
Europe 15-Year Perspective for Board Sports by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2021 & 2027 |
Europe Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
Europe Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
Europe 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 |
FRANCE |
Board Sports Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E) |
France Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
France Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
France 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 |
GERMANY |
Board Sports Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E) |
Germany Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
Germany Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
Germany 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 |
ITALY |
Italy Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
Italy Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
Italy 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 |
UNITED KINGDOM |
Board Sports Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E) |
UK Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
UK Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
UK 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 |
REST OF EUROPE |
Rest of Europe Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
Rest of Europe Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
Rest of Europe 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 |
ASIA-PACIFIC |
Board Sports Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E) |
Regional Market Overview |
Australia- A Major Market for Surfing |
COVID-19 Pandemic and Growth Opportunities for Surfing Market |
Cheap Foreign Imports Impact Local Surfboard Manufacturing |
Surf Apparel Market: Overview |
India |
Asia-Pacific Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
Asia-Pacific Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
Asia-Pacific 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 |
REST OF WORLD |
Regional Market Overview |
Brazil |
Africa |
Rest of World Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR |
Rest of World Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR |
Rest of World 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 |
IV. COMPETITION |
Total Companies Profiled: 248 |
PREVIEW REPORT
Our robust permission-based engagement strategy requires a one-time double opt-in and/or re-consent for all users. We will re-establish consent once a year from date of last use. Both these practices exceed GDPR mandates.
What we store: Primary coordinates such as email, company address and phone. In-house developed influencer rank.
How we store: Encrypted and additionally secured by firewalls.
How we use your data: Only to contact you directly. We never share your coordinates with any individual or entity outside our company for any reason.
Privacy queries: Privacy@StrategyR.com