July 01, 2022 05:34 ET | Source: ReportLinker ReportLinker

New York, July 01, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Board Sports Industry" - https://www.reportlinker.com/p05775705/?utm_source=GNW -Online interactive peer-to-peer collaborative bespoke updates -Access to our digital archives and MarketGlass Research Platform -Complimentary updates for one year 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 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 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 Rest of European market (as defined in the study) will reach US$1.6 Billion by the year 2027. Select Competitors (Total 248 Featured) -

Read the full report: https://www.reportlinker.com/p05775705/?utm_source=GNW I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW Impact of Covid-19 and a Looming Global Recession As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021 and Beyond With IMF Making an Upward Revision of Global GDP for 2022, Companies Remain Bullish About an Economic Comeback EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022 Surfing Gear Businesses Remain Alive & Kicking during COVID-19 Pandemic EXHIBIT 2: YoY% Sales Growth in Surf Hardgoods in the US: Feb 2020, April 2020, June 2020, October 2020, December 2020, and March 2021 Skiing and Snowboarding Industry Faces a Bumpy Ride Winter Sports to Stage Recovery from Pandemic Woes through Digitalization Improving Consumer Demand to Drive Winter Sports Gear Sales in 2021-2022 Season Board Sports: A Prelude Insight into Key Segments Summer Board Sports Snowboarding Generic Factors Influencing the Board Sports Market Seasonality: A Characteristic of the Sport Economic Conditions Alternate Sports & Leisure Activities Cap Consumer Base Regional Landscape Key Board Sports Markets Surfing: The Most Popular Board Sports Evolution of Surfing Surfboards: An Introduction Global Market Prospects & Outlook Skiing and Snowboarding Market Asia and its Emergence as Next Skiing Destination Recent Market Activity World Brands 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS Rising Interest Among Women in Board Sports Opens Encouraging Prospects Favorable Demographics to Boost Sales of Surf Wear and Surf Gear EXHIBIT 3: Surfing Participation Worldwide: Number of Surfers (in Thousands) for Select Countries Women & Girls: The New Wave of Surfers EXHIBIT 4: World Surfing Participation by Gender: 2021 Industry Witnesses Change in Average Age of Surfers EXHIBIT 5: World Surfing Participation by Age Group: 2021 Key Technological Advances Transforming Surfing Experience Modular Collapsible Surfboard Smart, Connected Surfboards Take Surfing Experience to New Level Surf Forecasting Improves Participation 3D Printed Surfboard & VR Surfing Drone Technology for Surfing Finding the Perfect Wave Using Smart phones Recent Design Innovations in Board Sports Equipment Increased Demand for Handmade and Customized Ski Equipment Key Future Design Improvements Expected in Surfboards Hi-tech Surfing Gains Interest E-foil Technology New Range of Brigade Surfing Boards with LED Lights Takes Surfing Experience to New Levels Battery-driven Surfboard Powers Electric Surfing Market Rising Interest in Surfboard Volume Metrics to Lend Traction for Market Sustainable Practices Gain Prominence in Surfing Industry Wooden Surfboards: An Eco-friendly and Sustainable Option Carbon Technology to Improve Surfboards Use of Carbon Fiber Waste in Surfboard-Making Surfboards Find Use in Snowboarding Rising Popularity of Adaptive Surfing Present Long-term Growth Prospects Artificial Wave Pools and Surf Parks Bring Surfing to Landlocked Areas: Potential for Surf Apparel and Gear Surfing for Health and Wellness: The New Mantra for Success for Surf Tourism Luxury Surf Tourism: Potential for Long-term Growth Online Channels Continue to Gain Traction Surfing Apparel: Focus Grows on Surf Wear Integrated with Functionality & Fashion Wetsuits: Recreational & Professional Surfing to Drive Gains Performance Surf Wear: Poised for Growth Windsurfing Sustains Hold Kiteboarding Gains Attraction in Select Markets EXHIBIT 6: Kiteboarding Participation in the US (in Millions): (2011-2020) Wakeboarding Gains Interest as an Extreme Sport Manufacturers Target Ski & Snowboard Market with New Gear Options Splitboarding Gains Popularity Ski Resorts & Snowboard Businesses Feel Heat from Global Warming & Climate Change Adapting to Change Sustainability Concept Becomes More Audible in Surfboard & Snowboard Space Snowboard Makers Eye on Sustainability Backcountry Skiing and Snowboarding Gains Interest Demographics of Winter Sports Advanced Technology, and Performance Apparel Spearhead Market Growth Snowboarding Fashion: Plethora of Fresh Styles Hit Retail Stores Technology Paves the Way for Unique and Sophisticated Products Skateboards Targeted at Women Offer Significant Growth Opportunities 4. GLOBAL MARKET PERSPECTIVE Table 1: World Recent Past, Current & Future Analysis for Board Sports by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR Table 2: World Historic Review for Board Sports by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR Table 3: World 15-Year Perspective for Board Sports by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2021 & 2027 Table 4: World Recent Past, Current & Future Analysis for Summer Boardsports by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR Table 5: World Historic Review for Summer Boardsports by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR Table 6: World 15-Year Perspective for Summer Boardsports by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027 Table 7: World Recent Past, Current & Future Analysis for Snowboarding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR Table 8: World Historic Review for Snowboarding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR Table 9: World 15-Year Perspective for Snowboarding by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027 III. MARKET ANALYSIS UNITED STATES Market Overview US Surfing Industry V Shape Recovery in Sales Amidst the COVID-19 Pandemic EXHIBIT 7: Number of Participants in Surfing Activity in the US (2011-2020) (in ?000s) Younger Demography and Growing Interest in Surfing Offer Bright Outlook EXHIBIT 8: Number of Youth Participants in Surfing Activity in the US (2006-2020) (in ?000s) Surfing Stats EXHIBIT 9: US Surfing Frequency: Percentage Breakdown of Surfer Population by Frequency of Surfing EXHIBIT 10: Surfing Participation in the US: Percentage Breakdown by Casual Surfers and Core Surfers for 2021 EXHIBIT 11: Boardsailing and Windsurfing Participation in the US (in Million): (2011-2020) Surf Parks and Wave Pools Drive Opportunities for Surfing Equipment & Products Snowboarding Remains Popular EXHIBIT 12: Participation in Snowboard 2011/2012 to 2019/2020 EXHIBIT 13: US Winter Sports Participation by Activity: 2020 EXHIBIT 14: The US Snowboards Participation by Age Group: 2019 /2020 EXHIBIT 15: US Snowboarding Participation by Gender: 2019/2020 EXHIBIT 16: Skateboarding Participation in the US (in Millions): 2011-2020 Market Analytics Table 10: USA Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR Table 11: USA Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR Table 12: USA 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 CANADA Market Overview Market Analytics Table 13: Canada Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR Table 14: Canada Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR Table 15: Canada 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 JAPAN Table 16: Japan Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR Table 17: Japan Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR Table 18: Japan 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 CHINA Market Overview Market Analytics Table 19: China Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR Table 20: China Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR Table 21: China 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 EUROPE Market Overview Surfing Industry EXHIBIT 17: Surfing Population in Europe: Percentage Breakdown of Surfers by Gender for 2021 EXHIBIT 18: European Surfboard Market Breakdown by Custom Surfboards and Industrial/Molded Surfboards for 2021 Surfing Market Amid the Pandemic Market Analytics Table 22: Europe Recent Past, Current & Future Analysis for Board Sports by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR Table 23: Europe Historic Review for Board Sports by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR Table 24: Europe 15-Year Perspective for Board Sports by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2021 & 2027 Table 25: Europe Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR Table 26: Europe Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR Table 27: Europe 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 FRANCE Table 28: France Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR Table 29: France Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR Table 30: France 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 GERMANY Table 31: Germany Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR Table 32: Germany Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR Table 33: Germany 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 ITALY Table 34: Italy Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR Table 35: Italy Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR Table 36: Italy 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 UNITED KINGDOM Table 37: UK Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR Table 38: UK Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR Table 39: UK 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 SPAIN Table 40: Spain Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR Table 41: Spain Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR Table 42: Spain 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 RUSSIA Table 43: Russia Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR Table 44: Russia Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR Table 45: Russia 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 REST OF EUROPE Table 46: Rest of Europe Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR Table 47: Rest of Europe Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR Table 48: Rest of Europe 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 ASIA-PACIFIC Regional Market Overview Australia- A Major Market for Surfing COVID-19 Pandemic and Growth Opportunities for Surfing Market Cheap Foreign Imports Impact Local Surfboard Manufacturing Surf Apparel Market: Overview India Market Analytics Table 49: Asia-Pacific Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR Table 50: Asia-Pacific Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR Table 51: Asia-Pacific 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 REST OF WORLD Regional Market Overview Brazil Africa Market Analytics Table 52: Rest of World Recent Past, Current & Future Analysis for Board Sports by Segment - Summer Boardsports and Snowboarding - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR Table 53: Rest of World Historic Review for Board Sports by Segment - Summer Boardsports and Snowboarding Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR Table 54: Rest of World 15-Year Perspective for Board Sports by Segment - Percentage Breakdown of Value Sales for Summer Boardsports and Snowboarding for the Years 2012, 2021 & 2027 IV. COMPETITION Total Companies Profiled: 248 Read the full report: https://www.reportlinker.com/p05775705/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________