Industry Background:
Stand up paddle surfboards are much longer, broader and more light than normal surfboards, enables rider to comfortably balance on them and propel themselves with the paddle. Stand up paddle boarding is an outdoor water sports activity in which a rider stands up on a large surfboard and uses a paddle to move through the water. Stand up paddle boarding is an increasingly popular way of keeping fit, and improving core-stability. The global stand up paddle market is expected to witness a high growth owing to fitness benefits related to stand up paddle boarding.This growth is primarily driven by Increased Adoption of Stand Up Paddleboards
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as BIC Sport (France), Naish (United States), Red Paddle (United Kingdom), Starboard (United Kingdom), Tower (United States), Airhead Sup (United States), Aqua Marina (United States), Imagine Paddle Surf Co. (United States), RAVE Sports (United States) and Solstice Sports (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In September 2023, monumental announcement released today, Boards & More is proud to unveil the integration of its longstanding ‘Fanatic’ watersports brand with the iconic ‘Duotone’ label. This strategic move marks an exciting new era of innovation, performance, and excellence, and we’re here to give you an exclusive inside look at what this merger means for the future of both these hugely successful names in watersports.
In Jan 2024 ,Pneumatics expert PCL has teamed up with Red Paddle Co, the world's leading brand for inflatable Stand Up Paddleboarding (SUP), to launch a solution that gets paddleboarders swiftly and safely out on the water. and Together they have formed the perfect partnership for the creation of the dual-branded SUP Inflation Station range, for use at paddle boarding locations across the UK and worldwide.Key players are implementing various strategies such as mergers & acquisitions, new product development, partnerships, and others. Companies are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies.
Influencing Trend:
Increasing Demand of Inflatable-Stand Up Paddle and Availability of Stand Up Paddle Foil Boarding
Market Growth Drivers:
Increased Adoption of Stand Up Paddleboards and Fitness Benefits Related to Stand Up Paddle Boarding
Challenges:
Consumer Preference for Rentals
Restraints:
High Costs of Stand Up Paddleboards
Opportunities:
Launch of New Product Design
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Stand Up Paddleboard Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Stand Up Paddleboard Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Stand Up Paddleboard players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Stand Up Paddleboard Study Sheds Light on
The Stand Up Paddleboard Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Stand Up Paddleboard industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Stand Up Paddleboard industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.