Spain Surfing Equipment Market Size & Outlook, 2020-2028
- Consumer Goods
- Sporting Goods
- Surfing Equipment Market Outlook
- Sporting Goods
Spain Surfing Equipment Market, 2016-2028 (US$M)
Global Market
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Spain surfing equipment market highlights
- The Spain surfing equipment market generated a revenue of USD 135.4 million in 2020 and is expected to reach USD 191.5 million by 2028.
- The Spain market is expected to grow at a CAGR of 4.4% 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 135.4 million |
| Market revenue in 2028 | USD 191.5 million |
| Growth rate | 4.4% (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, Spain accounted for 3.5% 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.
Tourism has heavily impacted the surfing industry in Spain. For instance, in 2018, tourism contributed more than USD 2.09 billion to Spain's GDP. The country's beaches are a draw for tourists from all across Europe and beyond. However, due to tight restrictions and economic restrictions, more than 300,000 businesses in Spain's tourism industry face an uncertain future.
This also impacted the surfing industry as the only people interested in the activity were the locals, this was the case in early stages of the pandemic. But as the restriction eased some of the tourist returned and also the interest in surfing grew as locals worked from home, according to Kathmandu group the interest in Europe grew by 20.6% in 2019-2020 fiscal year which also included Spain (compared to previous year).
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 |
Spain 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 69.05% in 2020.
Horizon Databook has segmented the Spain surfing equipment market based on surfing boards, apparels & accessories covering the revenue growth of each sub-segment from 2016 to 2028.
Tourism has heavily impacted the surfing industry in Spain. For instance, in 2018, tourism contributed more than USD 2.09 billion to Spain's GDP. The country's beaches are a draw for tourists from all across Europe and beyond. However, due to tight restrictions and economic restrictions, more than 300,000 businesses in Spain's tourism industry face an uncertain future.
This also impacted the surfing industry as the only people interested in the activity were the locals, this was the case in early stages of the pandemic. But as the restriction eased some of the tourist returned and also the interest in surfing grew as locals worked from home, according to Kathmandu group the interest in Europe grew by 20.6% in 2019-2020 fiscal year which also included Spain (compared to previous year).
- Spain Surfing Equipment Market Product Outlook (Revenue, USD Million , 2016-2028)
- Surfing Boards
- Apparels & Accessories
- Spain 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 country-level data and insights on the Spain Surfing Equipment Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Spain Surfing Equipment Market Outlook from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Spain Surfing Equipment Market, 2016-2028 (US$M)
Spain surfing equipment market statistics, by product, 2016-2028 (US$M)
