Vantage Market Research
Nov 18, 2021
According to analysts at Vantage Market Research, the Windsurf Boards Market is expected to reach USD 7,574 Million by 2028, growing at a CAGR of 5.3 % between 2021 to 2028. The growth in the marine travel industry and the combination of sailing and surfing have affected the windsurfing market. Moreover, the technological innovation of new sensors for the protection of the surfers is relied upon to offer better opportunities for windsurf boards market development during the predicted period.
Key Findings:
- The 4-Batten segment is projected to expand at the fastest CAGR exceeding 5.4% over the forecast period due to increasing adoption due to change in currents of the sea-waves it is boosting the demand and importance of having windsurfing boards thus is expected to play a key role in expanding the windsurf boards market.
- The professionals’ segment held a market share of around 32% in 2020. This share is due to the rising investments in marine tourism as well as the combination of sailing and surfing in windsurfing. Additionally, the integration and innovation of new sensors with technologies for the safety of surfers are expected to offer a huge market growth.
- Asia Pacific is expected to expand at a CAGR of over 5.5% from 2021 to 2028. This surge is attributed to the rising demand for windsurf boards in developing economies such as China and India.
Maritime and
coastal tourism has grown in a positive direction across the globe. There is growing
interest in water-based games exercises, the low replacement time of boards,
and increased spending toward water sports. Additionally, the rise in the demand
for windsurf boards has
led the organizations to manufacture the windsurfing board thus rising demand
for the windsurfing board market.
North America is expected to record the highest CAGR, owing to the increasing demand in countries, such as the U.S., Canada, and Mexico, by combining the components of cruising and surfing, windsurfing has acquired an identity as a surface water game where the windsurfer sails through high and low tides on a windsurfing board creating a huge demand for the market. Manufacturers of windsurfing equipment redesign their offerings by testing new designs that work on the improvement of windsurfers across various conditions. The prominent qualities of the windsurfing board market, which incorporate a long-life cycle, low substitution rate, and further developed durability, thereby elevating the market growth.
Major players operating in the global windsurf boards market are included Simmer, F2, JP Australia, BIC SPORT CORE, Kona Windsurfing, RICCI INTERNATIONAL, Lorch Boards, Fanatic, Tabou, Naish, Exocet., among others.