Global Board Sports Market Overview:
Board sports are sports whose primary equipment is some type of board, and they take place on a variety of terrain surfing, skateboarding/longboarding, snowboarding, and skiing are among the most common board sports, but many more are there, generally being some type of subcategory of those aforementioned sports. Today, the rules and regulations are enforced for safety, and there has been an ever-increasing popularity in these activities, with almost 11 million participants in the U.S. in 2014. Snowboard equipment are being used for surfing down hills and are covered with snow in cold countries additionally, the snowboard equipment are significantly used by the snowboard athletes to improve performance. Surfing was the very first board sport. It invented in Polynesian culture, the surfboards being simple planks and single canoe hulls.
Growth Drivers
- Significant Demand board Sports Equipment in Sports Industry
- Increasing Number of Aspiring Athletes
Market Trends
- Introduction of Newly Designed Cost-effective Boards Equipment by Different Providers
Opportunities
- Surge in Demand for Snowboard Equipment in Cold Countries
- High Investment by the Government in Sports Activities
Challenges
- Presence Large Number of Players
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Adidas AG (Germany), Boardriders Inc. (United States), Body Glove International, LLC (United States), Burton Snowboards (United States), Capita (United States), Globe International Ltd. (Australia), Gul Watersports Ltd. (United Kingdom), Hurley International (United States), K2 Snowboarding (United States), Mervin Manufacturing (United States), Meta-Sports CO Ltd. (Taiwan) and Never Summer Industries (United States). Additionally, following companies can also be profiled that are part of our coverage like Nitro USA, Inc. (United States), O`Neill, Inc. (United States), Rip Curl, Inc. (United States), Volcom, Inc. (United States) and Aloha Boardsports, Inc. (Philippines). Analyst at AMA Research see United States Vendors to retain maximum share of Global Board Sports market by 2026. Considering Market by End-Use, the sub-segment i.e. Men will boost the Board Sports market. Considering Market by Equipment Type, the sub-segment i.e. Split Board will boost the Board Sports market.
Latest Market Insights:
In 2019 - NIKE, Inc. has announced it has reached a definitive agreement to sell the Hurley brand to Bluestar Alliance LLC. Terms of the transaction are not being disclosed and it is expected to be complete in December.
What Can be Explored with the Board Sports Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Board Sports Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Board Sports
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Board Sports market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Board Sports market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Board Sports Equipment Manufacturer, Industry Association, Potential Investors, Downstream Vendors, Government and Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.