The article cited AMA's Global Stand Up Paddle Board Market Study explored substantial growth with CAGR of %. According the report, Increasing Demand of Inflatable-Stand Up Paddle
is one of the primary growth factors for the market. Increased Adoption of Stand Up Paddle Boards
is also expected to contribute significantly to the Stand Up Paddle Board market. Overall, applications of Stand Up Paddle Board, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as BIC Sport (France), Naish (United States), Red Paddle (United Kingdom), VETUS B.V. (Netherlands), Starboard (United Kingdom), Tower (United States), Airhead Sup (United States), Aqua Marina (United States), Imagine Paddle Surf Co. (United States), RAVE Sports (United States), Solstice Sports (United States), Decathlon (France), Clear Blue Hawaii (United States) and Surftech (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Distribution Channel, such as Online (Company Websites, E-commerce Sites), is boosting the Stand Up Paddle Board market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Age Group, such as Adults, is boosting the Stand Up Paddle Board market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Material Type, such as Expanded Polystyrene (EPS), is boosting the Stand Up Paddle Board market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The End User, such as Professional Athletes, is boosting the Stand Up Paddle Board market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Stand Up Paddle Board market identified that the demand is rising in many different parts of the world as "Launch of New Product Design". Furthermore, some recent industry insights like "In March 2023, INTEX, a provider of recreation and sporting goods announced the launch of first inflatable stand up paddle boards, AquaQuest. These SUP boards will be available in two different models AquaQuest 320 and AquaQuest 240. The newly launched SUP boards feature durable, drop stitch technology, triple fins, PVC rails, a slip-resistant EVA footpad, and tie down bungee cords for storage." is constantly making the industry dynamic. One of the challenges that industry facing is "Consumer Preference for Rentals"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Stand Up Paddle Board market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Stand Up Paddle Board market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Stand Up Paddle Board market tight? Which application/end-user category or Product Type [Epoxy/Hard Boards, Soft Top Boards and Inflatable Boards] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Stand Up Paddle Board market and other related sub-markets covered in the study.
o Key & emerging players in the Stand Up Paddle Board market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Stand Up Paddle Board market size is calculated using market estimation process, the Stand Up Paddle Board market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Stand Up Paddle Board market size has been validated using both top-down and bottom-up approaches.