Portugal Surfing Equipment Market Size & Outlook, 2020-2028
- Consumer Goods
- Sporting Goods
- Surfing Equipment Market Outlook
- Sporting Goods
Portugal Surfing Equipment Market, 2016-2028 (US$M)
Global Market
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Portugal surfing equipment market highlights
- The Portugal surfing equipment market generated a revenue of USD 132.8 million in 2020 and is expected to reach USD 194.9 million by 2028.
- The Portugal market is expected to grow at a CAGR of 4.9% 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.
Surfing equipment market data book summary
| Market revenue in 2020 | USD 132.8 million |
| Market revenue in 2028 | USD 194.9 million |
| Growth rate | 4.9% (CAGR from 2020 to 2028) |
| Largest segment | Surfing boards |
| Fastest growing segment | Apparels & Accessories |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 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, Portugal accounted for 3.4% of the global surfing equipment market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Europe, France surfing equipment market is projected to lead the regional market in terms of revenue in 2028.
- Portugal is the fastest growing regional market in Europe and is projected to reach USD 194.9 million by 2028.
The European surf industry was booming in 2020, and Portugal has been a major player in the industry for the past ten years. The popularity of surfing in Portugal has increased dramatically since the Championship Tour returned to the country in 2009. The Portuguese stop is part of the European leg, and over 30,000 people watch the race from Supertubos beach in Peniche on some days, making it one of WSL's greatest and largest on-beach audiences (along with Brazil).
The festival attracts approximately 140,000 attendees each year. The summer of 2020 under the ‘new normal' was positive once the lockdown was lifted and flights resumed. Despite the restrictions in place owing to the pandemic, the 2020 festival saw a large number of visitors.
Portuguese citizens are domestic tourists who supported local businesses and economies by vacationing in their country. Outdoor activities saw a spike as a result of everyone's desire to be outside; surfboards, wetsuits, accessories, skateboards, and bikes all saw high sales, with some of them going out of stock.
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 |
Portugal 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 68.3% in 2020.
Horizon Databook has segmented the Portugal surfing equipment market based on surfing boards, apparels & accessories covering the revenue growth of each sub-segment from 2016 to 2028.
The European surf industry was booming in 2020, and Portugal has been a major player in the industry for the past ten years. The popularity of surfing in Portugal has increased dramatically since the Championship Tour returned to the country in 2009. The Portuguese stop is part of the European leg, and over 30,000 people watch the race from Supertubos beach in Peniche on some days, making it one of WSL's greatest and largest on-beach audiences (along with Brazil).
The festival attracts approximately 140,000 attendees each year. The summer of 2020 under the ‘new normal' was positive once the lockdown was lifted and flights resumed. Despite the restrictions in place owing to the pandemic, the 2020 festival saw a large number of visitors.
Portuguese citizens are domestic tourists who supported local businesses and economies by vacationing in their country. Outdoor activities saw a spike as a result of everyone's desire to be outside; surfboards, wetsuits, accessories, skateboards, and bikes all saw high sales, with some of them going out of stock.
- Portugal Surfing Equipment Market Product Outlook (Revenue, USD Million , 2016-2028)
- Surfing Boards
- Apparels & Accessories
- Portugal Surfing Equipment Market Distribution Channel Outlook (Revenue, USD Million , 2016-2028)
- Online
- Offline
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Horizon Databook provides a detailed overview of country-level data and insights on the Portugal Surfing Equipment Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Portugal Surfing Equipment Market Outlook from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Portugal Surfing Equipment Market, 2016-2028 (US$M)
Portugal surfing equipment market statistics, by product, 2016-2028 (US$M)
