Asia Pacific Surfing Equipment Market Size & Outlook
- Consumer Goods
- Sporting Goods
- Surfing Equipment Market Outlook
- Sporting Goods
Asia Pacific Surfing Equipment Market, 2016-2028 (US$M)
Global Market
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Asia Pacific surfing equipment market highlights
- The Asia Pacific surfing equipment market generated a revenue of USD 998.1 million in 2020.
- The market is expected to grow at a CAGR of 5% from 2021 to 2028.
- In terms of segment, surfing boards was the largest revenue generating product in 2020.
- Apparels & Accessories is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2021 to 2028.
Asia Pacific data book summary
| Market revenue in 2020 | USD 998.1 million |
| Market revenue in 2028 | USD 1,477.7 million |
| Growth rate | 5% (CAGR from 2020 to 2028) |
| Largest segment | Surfing boards |
| Fastest growing segment | Apparels & Accessories |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Surfing Boards, Apparels & Accessories |
| Key market players worldwide | Nike Inc Class B, KMD BRANDS LIMITED, Billabong, Quiksilver, JS Industries, CI Surfboards, Firewire Surfboards, Rusty Surfboards, SurfboardShack.com, O'Neill |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 25.7% of the global surfing equipment market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,477.7 million by 2028.
Asia is a landmass and home to frenetic countries with bustling markets and beautiful beaches with dreamlike backdrops, which serve as a suitable location for surfing. The Pacific Ocean is to the east, the Arctic Ocean is to the North, and the Indian Ocean is to the south of Asia has created excellent options for water sports such as surfing, waterskiing, kite surfing, and scuba diving for Asia Pacific travelers.
Surfing is known for being a stress-relieving mental health exercise and physically challenging workout, which encourages millennials to take up surfing. According to the Asian Development Bank 2018 report, the Asian physical activity market worth USD 166.6 billion represents direct consumer expenditures on participating in a wide variety of recreational physical activities, primarily, sports and active recreation as well as fitness and mindful movements.
An increasing number of travelers in Asia Pacific are looking for thrilling, adventurous sporting experiences like surfing. Along with various Southeast Asian countries including Indonesia, Thailand, the Philippines, Vietnam, and the Maldives, two oceanic countries of Australia and New Zealand fascinate tens of thousands of surfers from around the globe.
Key Regions:U.S., UK, Brazil, France, New Zealand
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Publish Date: Sep 04, 2024
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Surfing Equipment Market Scope
Surfing Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Nike Inc Class B | View profile | 83,700 | One Bowerman Drive, Beaverton, OR, United States, 97005-6453 | www.nike.com |
| Billabong | View profile | 5001-10000 | Irvine, California, United States, North America | www.billabong.com/ |
| O'Neill | View profile | 251-500 | Santa Cruz, California, United States, North America | www.oneill.com |
| Quiksilver | View profile | 1001-5000 | Huntington Beach, California, United States, North America | www.quiksilver.com |
| KMD BRANDS LIMITED | View profile | 1001-5000 | Christchurch, Canterbury, New Zealand, Oceania | www.kmdbrands.com |
| JS Industries | View profile | - | Tweed Heads, New South Wales, Australia, Oceania | jsindustries.com |
| CI Surfboards | View profile | 11-50 | Carpinteria, California, United States, North America | cisurfboards.com/ |
| Firewire Surfboards | View profile | - | Carlsbad, California, United States, North America | www.firewiresurfboards.com/ |
| Rusty Surfboards | View profile | 1-10 | San Diego, California, United States, North America | rustysurfboards.com |
| SurfboardShack.com | View profile | 11-50 | Honolulu, Hawaii, United States, North America | www.surfboardshack.com |
Asia Pacific Surfing Equipment Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Surfing Equipment Market Outlook will help companies and investors design strategic landscapes.
Surfing Boards was the largest segment with a revenue share of 65.88% in 2020.
Horizon Databook has segmented the Asia Pacific surfing equipment market based on surfing boards, apparels & accessories covering the revenue growth of each sub-segment from 2016 to 2028.
Asia is a landmass and home to frenetic countries with bustling markets and beautiful beaches with dreamlike backdrops, which serve as a suitable location for surfing. The Pacific Ocean is to the east, the Arctic Ocean is to the North, and the Indian Ocean is to the south of Asia has created excellent options for water sports such as surfing, waterskiing, kite surfing, and scuba diving for Asia Pacific travelers.
Surfing is known for being a stress-relieving mental health exercise and physically challenging workout, which encourages millennials to take up surfing. According to the Asian Development Bank 2018 report, the Asian physical activity market worth USD 166.6 billion represents direct consumer expenditures on participating in a wide variety of recreational physical activities, primarily, sports and active recreation as well as fitness and mindful movements.
An increasing number of travelers in Asia Pacific are looking for thrilling, adventurous sporting experiences like surfing. Along with various Southeast Asian countries including Indonesia, Thailand, the Philippines, Vietnam, and the Maldives, two oceanic countries of Australia and New Zealand fascinate tens of thousands of surfers from around the globe.
- Asia Pacific Surfing Equipment Market Product Outlook (Revenue, USD Million , 2016-2028)
- Surfing Boards
- Apparels & Accessories
- Asia Pacific Surfing Equipment Market Distribution Channel Outlook (Revenue, USD Million , 2016-2028)
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- Offline
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Surfing Equipment Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Surfing Equipment Market Outlook from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Asia Pacific Surfing Equipment Market, 2016-2028 (US$M)
Asia Pacific surfing equipment market statistics, by product, 2016-2028 (US$M)
