DUBLIN–(BUSINESS WIRE)–The “Board Sports – Global Market Trajectory & Analytics” report has been added to from ResearchAndMarkets.com offer.
Global boardsports market to reach US$29 billion by 2027
Amid the COVID-19 crisis, the global boardsports market estimated at US$19.9 billion in 2020 is expected to reach a revised size of US$29 billion by 2027, growing at a CAGR 5.5% over the 2020-2027 period. . Summer board sports, one of the segments analyzed in the report, is expected to grow at a CAGR of 5.9% to reach US$26.9 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and induced economic crisis, Snowboard segment growth is readjusted to a revised CAGR of 1.4% for the next 7-year period. This segment currently represents 9.5% of the global board sports market.
The United States accounts for more than 49.3% of the global market size in 2020, while China is expected to grow at a CAGR of 6.2% for the period 2020-2027
The boardsports market in the United States is estimated at US$9.8 billion in 2020. The country currently accounts for a 49.3% share of the global market. China, the world’s second largest economy, is expected to reach an estimated market size of US$1.6 billion in 2027 growing at a CAGR of 6.2% through 2027. Other notable geographic markets include the Japan and Canada, each expected to grow by 4.3% and 5.2% respectively over the period 2020-2027. In Europe, Germany is expected to grow at a CAGR of approximately 4.9%, while the rest of the European market (as defined in the study) will reach US$1.6 billion by 2027.
Main topics covered:
I. METHODOLOGY
II. ABSTRACT
1. MARKET OVERVIEW
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Impact of Covid-19 and a looming global recession
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As race between virus and vaccines heats up, review of global economy in 2021 and beyond
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As IMF raises global GDP for 2022, businesses remain bullish on economic comeback
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The ski and snowboard industry faces a bumpy ride
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Winter sports to organize recovery from pandemic woes through digitization
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Improving consumer demand to drive sales of winter sports equipment in the 2021-2022 season
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Sliding sports: a prelude
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Overview of key segments
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Summer sliding sports
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Snowboard
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Generic factors influencing the board sports market
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Seasonality: a characteristic of sport
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Economic conditions
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Alternate Sports & Leisure Activities Consumer Ceiling
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Regional landscape
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Main board sports markets
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Surfing: the most popular sliding sports
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Evolution of surfing
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Surfboards: an introduction
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Global Market Outlook and Prospects
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Ski and snowboard market
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Asia and its emergence as the next ski destination
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Recent market activity
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Global brands
2. FOCUS ON CERTAIN PLAYERS
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adidas S.A.
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Aloha Boardsports, Inc.
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Billabong International Limited
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Boardriders Inc.
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Body Glove International, LLC
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Burton Snowboards
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Head
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Globe International Ltd.
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Gul Watersports Ltd.
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Hurley International
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Snowboarding K2
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Mervin manufacturing
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Meta-Sports CO Ltd.
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Never Summer Industries
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Nike Skateboarding
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Nitro USA, Inc.
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O`Neill, Inc.
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Rip Curl, Inc.
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Volcom, Inc.
3. MARKET TRENDS AND DRIVERS
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Women’s growing interest in board sports opens up encouraging prospects
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Favorable demographics to drive surf apparel and surf equipment sales
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Women & girls: the new wave of female surfers
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The industry is witnessing the change in the average age of surfers
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Key technological advancements transforming the surfing experience
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Modular Folding Surfboard
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Smart and connected surfboards take the surfing experience to a new level
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Surf forecasts improve attendance
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3D printed surfboard and VR surfing
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Drone technology for surfing
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Finding the Perfect Wave Using Smartphones
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Recent Design Innovations in Boardsports Equipment
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Increased demand for handmade and custom ski gear
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Key Expected Future Design Improvements in Surfboards
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High-tech surfing is gaining interest
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E-foil technology
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New range of Brigade surfboards with LED lighting take the surfing experience to new levels
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The battery-powered surfboard powers the electric surfboard market
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Growing interest in surfboard volume measurements to give market traction
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Sustainable practices are gaining prominence in the surf industry
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Wooden surfboards: an ecological and sustainable option
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Carbon technology to improve surfboards
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Use of carbon fiber waste in the manufacture of surfboards
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Surfboards find use in snowboarding
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Growing popularity of adaptive surfing presents long-term growth prospects
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Artificial wave pools and surf parks bring surfing to landlocked areas: potential for surf clothing and equipment
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Surfing for health and wellness: the new success mantra for surf tourism
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Luxury Surf Tourism: Long-Term Growth Potential
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Online channels continue to gain ground
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Surfwear: Emphasis is on surfwear integrated with functionality and fashion
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Combinations: recreational and professional surfing to generate earnings
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Performance Surfwear: Ready for Growth
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Windsurfing maintains hold
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Kitesurfing is gaining popularity in some markets
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Wakeboarding is gaining interest as an extreme sport
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Manufacturers target ski and snowboard market with new equipment options
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The splitboard is gaining popularity
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Ski resorts and snowboard companies are feeling the heat of global warming and climate change
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Adapt to change
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The concept of sustainability is becoming more audible in the surfboard and snowboard space
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Snowboard manufacturers are interested in durability
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Backcountry Skiing and Snowboarding Are Growing in Interest
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Winter sports demographics
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Advanced technology and performance apparel are spearheading market growth
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Snowboard fashion: a plethora of new styles hitting retail stores
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Technology paves the way for unique and sophisticated products
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Women’s Skateboards Offer Significant Growth Opportunities
4. GLOBAL MARKET OUTLOOK
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/haa8o5
