Scope of the Study
The surfboard is defined as the elongated platform which is widely used in surfing. It is widely used in the sport of surfing and made up of various raw material such as wood, colored fiberglass stringers, polyester resins, and other raw material. Various advantages of using surfing such as cardiovascular fitness, shoulder and back strength, leg and core strength and other benefits. Increasing usage of a surfboard in various application such as entertainment, sports competition and other and rising awareness regarding the benefit of surfing are some of the major factors which affect the growth of the market in future.
The market study is being classified by Type (Product Type Segmentation, Polyurethane (P.U.) Boards, Balsa Boards and Hollow Wooden Boards), by Application (Entertainment, Sport Competition and Other) and major geographies with country level break-up.
Shapers Manufacturers Co (Australia), Kinaroad (New Zealand), Cobra International Co., Ltd. (Thailand), Sunova (Thailand), Sumatera Winter Co. Ltd. (Indonesia), The Board Factory Co., Ltd. (Thailand) and Xin Yitong Surfboard Equipment (China) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Thailand Vendors will contribute to the maximum growth of Asia Pacific Surfboard market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Asia Pacific Surfboard market by Type, Application and Region.
On the basis of geography, the market of Surfboard has been segmented into Asia Pacific (China, Japan, South Korea, Taiwan, Australia, New Zealand, Rest of Asia-Pacific). If we see Market by Size, the sub-segment i.e. 5' will boost the Surfboard market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Board Shape, the sub-segment i.e. Round Nose and Flat Tail will boost the Surfboard market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Wood will boost the Surfboard market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Number of Surfing Sports Events in Asia Pacific Countries Such as Australia, Thailand, among Others
- Increasing Number of People Preferring Adventure Water Activities as Compared to Other Sports during their Vacations Time
Market Trend
- Increasing usage of CAD System for Manufacturing of New Design Surfboard Products
Restraints
- Stringent regulation regarding the safety rule of Surfing Sports Contests
Opportunities
- Growing Demand from Emerging Economics market such as China and India
Challenges
- Low rate of Adoption Surfing Sports Event in Some Countries Such as India
Key Target Audience
Raw Material Suppliers and Distributors, Surfboard Manufacturers, Government and Research Organizations, Associations and Industrial Bodies and Others
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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