The stand-up paddleboard industry is booming, with the global market estimated to be worth $2.6 billion in 2023 and North America’s market valued at $492 million in 2017. The inflatable stand-up paddleboard segment accounted for 75% of the total stand-up paddleboard market share that same year. In 2020, more than 22 million Americans participated in paddle sports and retail sales for stand-up paddleboards grew by 21.6%.
This blog post will explore various statistics related to the growth of this popular outdoor activity including average cost, gender breakdowns, age demographics, production locations and more. We’ll also look into how easy it is to learn SUPing as well as regional popularity within the US. So let’s dive right into these fascinating facts about one of today’s most beloved water activities.
This statistic is a testament to the immense potential of the stand-up paddleboard market. It shows that the industry is growing rapidly and is expected to reach a staggering $2.6 billion in 2023. This is a clear indication that the stand-up paddleboard industry is a lucrative and profitable venture for those looking to invest in it.
In 2017, North America’s stand-up paddleboard market was valued at $492 million.
This statistic is a testament to the immense growth of the stand-up paddleboard market in North America. It shows that the industry is thriving and that more and more people are taking up the sport. This is an encouraging sign for the industry and its future prospects.
Stand Up Paddle Board Industry Statistics Overview
The global stand-up paddleboard market is projected to grow at a CAGR of approximately 7% between 2021 and 2026.
This statistic is a valuable insight into the future of the stand-up paddleboard market, indicating that the industry is likely to experience steady growth over the next five years. This is an important indicator for anyone interested in the stand-up paddleboard industry, as it provides a glimpse into the potential opportunities and challenges that may arise in the near future.
In 2017, the inflatable stand-up paddleboard segment accounted for 75% of the total stand-up paddleboard market share.
This statistic is a telling indication of the immense popularity of inflatable stand-up paddleboards in the stand-up paddleboard market. It demonstrates that the majority of consumers are opting for the convenience and portability of inflatable boards, making them the go-to choice for paddleboarders. This statistic is an important piece of information for anyone looking to gain insight into the stand-up paddleboard industry.
In 2019, the average cost of a stand-up paddleboard was approximately $500 to $1,500.
This statistic is a key indicator of the cost of entry into the stand-up paddleboard industry. It provides insight into the affordability of the sport, and how much of an investment is required to get started. It also gives an indication of the range of prices available, allowing potential buyers to make an informed decision when selecting a board. Furthermore, it can be used to compare the cost of paddleboards across different brands and models, helping to identify the best value for money.
Approximately 56% of stand-up paddleboard participants are male.
This statistic is significant in understanding the Stand Up Paddle Board industry, as it reveals the gender breakdown of participants. This information can be used to inform marketing strategies, as well as to identify potential areas of growth for the industry. Additionally, it can be used to assess the effectiveness of existing initiatives aimed at increasing female participation in the sport.
The stand-up paddleboarding industry has seen over 500% growth in the last five years.
This statistic is a testament to the incredible success of the stand-up paddleboarding industry over the past five years. It speaks to the industry’s ability to capture the attention of a wide range of people, from recreational enthusiasts to professional athletes. This impressive growth is a clear indication that stand-up paddleboarding is here to stay and is an increasingly popular activity.
Over 56.9% of paddleboarding participants are under the age of 35.
This statistic is a telling indication of the Stand Up Paddle Board industry’s popularity among the younger demographic. It speaks to the industry’s ability to capture the attention of the younger generation, and suggests that the industry is well-positioned to continue to grow and expand in the future.
In 2020, the Americas’ stand-up paddleboard market accounted for over 34% revenue share.
This statistic is a testament to the immense popularity of stand-up paddleboarding in the Americas. It highlights the fact that the region is a major player in the stand-up paddleboard industry, and that the market is thriving. This statistic is a valuable insight into the industry, and can be used to inform decisions about investments, marketing strategies, and more.
In 2019, the top three stand-up paddleboard sales channels were specialty stores (45%), sporting goods stores (35%), and online (20%).
This statistic provides a valuable insight into the Stand Up Paddle Board industry, highlighting the three main sales channels for the product. It is clear that specialty stores are the most popular choice for customers, followed by sporting goods stores and then online. This information can be used to inform marketing strategies and help businesses to focus their efforts on the most successful sales channels.
In the United States, stand-up paddleboarding is most popular in the Pacific region (29.1%).
This statistic is a telling indication of the popularity of stand-up paddleboarding in the United States. It shows that the Pacific region is the most enthusiastic about the sport, with nearly a third of the nation’s paddleboarders coming from the area. This is an important statistic to consider when discussing the stand-up paddleboard industry, as it provides insight into the areas where the sport is most popular and where the industry should focus its efforts.
More than 36% of people who have tried stand-up paddling found it very easy to learn.
This statistic is a testament to the accessibility of stand-up paddling, indicating that a large portion of those who have tried it have found it to be an easy activity to pick up. This is an important point to consider when discussing the Stand Up Paddle Board Industry, as it suggests that the sport is not overly difficult to learn and can be enjoyed by a wide range of people.
The stand-up paddleboard market in Europe is expected to grow at a CAGR of 6.3% from 2021 to 2026.
This statistic is a key indicator of the potential for growth in the Stand Up Paddle Board industry in Europe. It shows that the market is expected to expand at a steady rate over the next five years, indicating that now is a great time to invest in the industry. This statistic is a valuable piece of information for anyone looking to gain insight into the Stand Up Paddle Board industry in Europe and make informed decisions about their investments.
Almost half (49.7%) of the total stand-up paddleboarding population in the US is college graduates.
This statistic is indicative of the fact that stand-up paddleboarding is becoming increasingly popular among college graduates. It suggests that the sport is gaining traction among a highly educated demographic, which could be a sign of its growing popularity and potential for growth in the future. This could be a valuable insight for those looking to invest in the stand-up paddleboard industry, as it indicates that there is a large and growing market for the sport.
Conclusion
The stand-up paddleboard industry is growing rapidly, with the global market estimated to be worth $2.6 billion in 2023 and North America’s market valued at $492 million in 2017. The inflatable stand-up paddleboard segment accounted for 75% of the total stand-up paddleboard market share in 2017, while retail sales for stand-up paddleboards grew by 21.6% in 2020 alone. More than 22 million Americans participated in paddle sports last year, with over 56% being male and more than 36% finding it very easy to learn how to SUP. Over 60% of production takes place within Asia, while Europe’s CAGR from 2021 – 2026 is projected at 6.3%. In 2019 specialty stores (45%), sporting goods stores (35%) and online retailers (20%) were the top three channels for purchasing a board which cost an average between $500-$1,500 USD per unit that same year; lessons ranged between $25-$100 per person depending on location or instructor experience level respectively With almost half of all participants having college degrees this activity has become increasingly popular among young adults as well as those looking for leisure activities outdoors during their free time – making it one of the fastest growing outdoor recreational activities today.
References
0. – https://www.www.paddling.com
1. – https://www.www.coherentmarketinsights.com
2. – https://www.www.globenewswire.com
3. – https://www.www.researchandmarkets.com
4. – https://www.www.mordorintelligence.com
5. – https://www.rei.com
6. – https://www.www.statista.com
7. – https://www.technavio.com
8. – https://www.www.businesswire.com
9. – https://www.www.thegrowthop.com
