May 20, 2022 06:18 ET | Source: Research and Markets Research and Markets

Dublin, May 20, 2022 (GLOBE NEWSWIRE) -- The "Board Sports - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global Board Sports Market to Reach US$29 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Board Sports estimated at US$19.9 Billion in the year 2020, is projected to reach a revised size of US$29 Billion by 2027, growing at a CAGR of 5.5% over the period 2020-2027. Summer Boardsports, one of the segments analyzed in the report, is projected to grow at a 5.9% CAGR to reach US$26.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Snowboarding segment is readjusted to a revised 1.4% CAGR for the next 7-year period. This segment currently accounts for a 9.5% share of the global Board Sports market. The U.S. Accounts for Over 49.3% of the Global Market Size in 2020, While China is Forecast to Grow at a 6.2% CAGR for the Period of 2020-2027

The Board Sports market in the U.S. is estimated at US$9.8 Billion in the year 2020. The country currently accounts for a 49.3% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$1.6 Billion in the year 2027 trailing a CAGR of 6.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR while the Rest of the European market (as defined in the study) will reach US$1.6 Billion by the year 2027.

Key Topics Covered: I. METHODOLOGY

4. GLOBAL MARKET PERSPECTIVE III. MARKET ANALYSIS IV. COMPETITION

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