Surfing is a popular sport and lifestyle around the world, and the surfboard industry is a major part of it. Whether you’re a professional surfer or just a casual enthusiast, understanding the industry’s statistics can help you make informed decisions about the boards you buy and the companies you support.
In this article, we’ll take a look at the latest surfboard industry statistics and discuss what they mean for the future of the sport. We’ll also explore how the industry is responding to the changing needs of surfers, and how you can make sure you’re getting the best board for your needs.
Surfboard Industry: Most Important Statistics
Exports of surfboards and other water-sport equipment in the UK increased from 14.335 million pounds in 2018 to 14.335 million in 2019.
Annually, 13-24 million surfboards are sold globally for $13.2 billion, with the U.S. contributing up to $400 million in sales.
Surfboard Industry: Statistics Overview
The global surfboard market size is expected to grow at a compound annual growth rate of 7.8% over the next decade, reaching $3.8 billion in 2030.
The market size is expected to grow steadily over the next decade. This indicates that the surfboard industry is likely to remain profitable and that there is potential for growth in the sector. Additionally, this statistic can be used to inform business decisions and investments in the surfboard industry.
800 surfboard shapers produce 1 million surfboards annually with small profit margins.
The surfboard industry is highly competitive and that profit margins are low, indicating that the industry is not as profitable as it could be. This could lead to a decrease in the number of producers in the industry, which could have a negative impact on the overall surfboard market.
Italy was the top exporter of surfboards and other water-sport equipment in Europe in 2019, with exports valued at 104.056 million euros.
This provides insight into the success of the surfboard industry in Europe and the potential for growth. It also highlights the importance of Italy as a major player in the industry, which could be beneficial for other countries looking to increase their exports of surfboards and other water-sport equipment.
Exports of surfboards and other water-sport equipment in the UK increased from 14.335 million pounds in 2018 to 14.335 million in 2019.
The surfboard and other water-sport equipment industry in the UK is growing, indicating that there is an increasing demand for these products. This could be a sign of a healthy and growing industry, which could lead to more investment and job opportunities in the sector.
France is the top importer of surfboards and other water-sport equipment in Europe, with imports amounting to 141,386 million euros in 2019.
This indicates the strength of the surfboard industry in France, and the potential for further growth in the market. It also provides a benchmark for other European countries to measure their own performance in the industry.
The import value of surfboards and other water-sport equipment to the UK increased substantially from 2015 to 2018, amounting to 35.168 million pounds in 2018.
The UK market for surfboards and other water-sport equipment is growing, indicating that there is a strong demand for these products in the UK. This could be a good sign for the surfboard industry, as it suggests that there is potential for growth in this sector.
The surfboard market in Europe is expected to grow at a compound annual growth rate of 6.5% from 2023 to 2033.
The surfboard market in Europe is expected to grow over the next decade. This growth could provide opportunities for businesses in the surfboard industry to expand and increase their profits.
Additionally, this growth could lead to increased innovation in the industry, as companies strive to meet the demands of the growing market.
The surfboard market in Europe is expected to grow at a compound annual growth rate of 6.6% from 2023 to 2033.
The market for surfboards is expected to grow over the next decade in Europe. This growth rate can be used to inform decisions about investments, marketing strategies, and product development for the surfboard industry.
In 2020, surfboards had a revenue share of 68% in the North American surf equipment market, which had a size of $2 billion in 2019.
Surfboards are the dominant product in the North American surf equipment market, and that the market size decreased in 2020 due to the pandemic. This information can be used to inform decisions about the surfboard industry and help companies plan for the future.
Annually, 13-24 million surfboards are sold globally for $13.2 billion, with the U.S. contributing up to $400 million in sales.
This provides insight into the size of the global surfboard market, as well as the relative contribution of the U.S. to that market. It also provides an understanding of the price range of surfboards and the potential for growth in the U.S. market.
Conclusion
In conclusion, the surfboard industry is a thriving and growing industry. It is estimated that the global surfboard market will reach $3.3 billion by 2027. The industry is expected to grow at a CAGR of 5.3% from 2020 to 2027.
The growth is mainly driven by the increasing popularity of surfing, the growing demand for eco-friendly surfboards, and the increasing number of surfers. The industry is also expected to benefit from the increasing number of surfboard manufacturers and the growing number of surfboard rental services. With the increasing demand for surfboards, the industry is expected to continue to grow and expand in the coming years.
References
1 – https://www.fnfresearch.com/surfboard-market
2 – https://youngentrepreneursinscience.com/2021/01/26/catching-the-wave-of-sustainable-surfboards/#:~:text=There%20are%20around%20800%20surfboard,1%20million%20surfboards%20per%20year.
3 – https://www.statista.com/statistics/984825/export-waterskis-surfboards-europe-by-country/
4 – https://www.statista.com/statistics/984805/export-waterskis-surfboards-united-kingdom/
5 – https://www.statista.com/statistics/984809/imports-waterskis-surfboards-europe/
6 – https://www.statista.com/statistics/984800/imports-waterskis-surfboards-united-kingdom/
7 – https://www.factmr.com/report/422/surfboard-market
8 – https://www.factmr.com/report/422/surfboard-market
9 – https://www.grandviewresearch.com/industry-analysis/surfing-equipment-market
10 – https://houseofsurf.co/surfing-statistics/
