GITNUX MARKETDATA REPORT 2024

Must-Know Surboad Industry Statistics [Latest Report]

With sources from: 1 – fnfresearch.com/surfboard-market, 2 – youngentrepreneursinscience.com/2021/01/26/catching-the-wave-of-sustainable-surfboards/#:~:text=There%20are%20around%20800%20surfboard,1%20million%20surfboards%20per%20year., 3 – statista.com/statistics/984825/export-waterskis-surfboards-europe-by-country/, 4 – statista.com/statistics/984805/export-waterskis-surfboards-united-kingdom/ and many more

In this post, we will explore key statistics pertaining to the surfboard industry. From the number of surfboard shapers worldwide to market sizes and growth projections, these statistics shed light on various aspects of the global surfboard market. Let’s dive into the data to gain valuable insights into this dynamic industry.

Statistic 1

"800 surfboard shapers produce 1 million surfboards annually with small profit margins."

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Statistic 2

"Annually, 13-24 million surfboards are sold globally for $13.2 billion, with the U.S. contributing up to $400 million in sales."

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Statistic 3

"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."

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Statistic 4

"800 surfboard shapers produce 1 million surfboards annually with small profit margins."

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Statistic 5

"Italy was the top exporter of surfboards and other water-sport equipment in Europe in 2019, with exports valued at 104.056 million euros."

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Statistic 6

"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."

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Statistic 7

"France is the top importer of surfboards and other water-sport equipment in Europe, with imports amounting to 141,386 million euros in 2019."

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Statistic 8

"The surfboard market in Europe is expected to grow at a compound annual growth rate of 6.5% from 2023 to 2033."

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Statistic 9

"The surfboard market in Europe is expected to grow at a compound annual growth rate of 6.6% from 2023 to 2033."

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Statistic 10

"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."

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Statistic 11

"Annually, 13-24 million surfboards are sold globally for $13.2 billion, with the U.S. contributing up to $400 million in sales."

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Interpretation

In conclusion, the surfboard industry remains vibrant and lucrative, with a significant global market size and steady growth projections. Despite small profit margins for the 800 surfboard shapers producing 1 million surfboards annually, the overall industry is thriving, generating billions in sales worldwide. The U.S. plays a substantial role in this market, contributing significantly to overall sales. Moreover, European countries like Italy, the UK, and France are pivotal players in the surfboard trade, with both exporting and importing activities adding to the industry's dynamics. Projections for future growth are promising, particularly in Europe, North America, and globally, indicating a positive trajectory for the surfboard industry in the coming years.

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