GITNUX MARKETDATA REPORT 2024

The Most Surprising Surf Industry Statistics And Trends in 2024

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Surfing is a popular sport enjoyed by millions of people around the world. It is a sport that has been around for centuries and continues to grow in popularity. With its ever-growing popularity, the surfing industry has become a major economic force in many countries.

In this blog post, we will explore some of the latest statistics related to the surfing industry, including its economic impact, the number of surfers, and the most popular surfing destinations. We will also discuss how the industry has changed over the years and what the future may hold for the surfing industry. So grab your board and let’s dive into the world of surfing industry statistics.

Surf Industry: The Most Important Statistics

The global surfing market is expected to grow at a compound annual growth rate of 4% from 2022 to 2027, reaching 4.8 billion US dollars.
The number of people surfing in Australia has increased steadily over the past 5 years, reaching 724 thousand in 2021.
Gabriel Medina is estimated to be the world’s highest earning surfer in 2022, with an annual income of 2.2 million U.S. dollars.

Surf Industry Statistics Overview

The global surfing tourism market is estimated to grow at a compound annual growth rate of 6% from 9.5 billion US dollars in 2022 to 17.1 billion US dollars by 2032.

The surfing industry is expected to grow significantly over the next decade, which could lead to more investment in the industry and more opportunities for people to participate in surfing activities.

The global surfing market is expected to grow at a compound annual growth rate of 4% from 2022 to 2027, reaching 4.8 billion US dollars.

Surfing Industry in Different Countries

In 2021, adults aged 25-34 years old made up the largest share of surfers in Australia, with 161 thousand participants.

The number of people surfing in Australia has increased steadily over the past 5 years, reaching 724 thousand in 2021.

This shows that the surfing industry is growing in Australia and that more people are engaging in the sport. It could be an indication of increased interest in the sport and could lead to more investment in the industry, which could lead to more jobs and economic growth.

Brazil and the US won gold medals in the 2020 Olympic Games for surfing, with Japan winning two medals; silver and bronze.

We can also see an increasing popularity of surfing, as it was included in the Olympic Games for the first time. This could lead to more people taking up the sport, which would have a positive effect on the surfing industry.

Nearly 75% of all surfing world title winners come from Australia and the continental US, with Hawai’i alone producing 17 winners.

This highlights the dominance of Australia and the continental US in the surfing industry, and the influence of Hawai’i in particular. This information can be used to inform strategies for the promotion and development of the sport in other countries, as well as to identify potential areas for investment in the industry.

Gabriel Medina is estimated to be the world’s highest earning surfer in 2022, with an annual income of 2.2 million U.S. dollars.

There is a good potential for surfers to make a significant amount of money in the sport, even though it does not compare to the highest earners in other sports.

Prime Locations for the Surfing Industry

The highest and second highest waves ever surfed were both at the same location in Portugal, at 86 feet (26.2 metres) and 80 feet (24.4 metres) respectively.

Nazaré in Portugal is a prime location for surfing, and that it has the potential to produce some of the biggest waves in the world. This could lead to an increase in tourism and investment in the area, as well as an increase in the popularity of surfing in general.

Australia has the most surfing spots (857) in Oceania, followed by New Zealand (442), while East Timor and Tokelau have the least (1).

This information could be useful for surfers looking to explore new locations and businesses looking to invest in the surfing industry.

New South Wales had the most surfing locations in Australia in 2022 (292), more than double the second-most state, Western Australia, and more than Hawai’i.

Conclusion

Surfing is a rapidly growing industry that is becoming more and more popular each year. With the rise of technology and the internet, more people are exposed to the sport and its culture.

The surfing industry is estimated to be worth over $13 billion dollars, and is projected to grow even more in the coming years.

With the increasing popularity of surfing, it is important to stay up to date on the latest industry statistics and trends. By doing so, you can make sure you are taking advantage of all the opportunities the industry has to offer.

References

1 – https://www.statista.com/statistics/1327449/surfing-tourism-market-size-worldwide/

2 – https://www.statista.com/statistics/1327319/surfing-market-size-worldwide/

3 – https://www.statista.com/statistics/1321104/australia-number-of-adult-surfers-by-age-group/

4 – https://www.statista.com/statistics/1321111/australia-number-of-adult-surfers/

5 – https://www.statista.com/statistics/1327973/surfing-olympic-medal-winners/

6 – https://www.statista.com/statistics/1327966/countries-most-surfing-world-title-winners/

7 – https://www.statista.com/statistics/1327172/highest-paid-surfers-worldwide/

8 – https://www.statista.com/statistics/1327151/biggest-waves-surfed-worldwide/

9 – https://www.statista.com/statistics/1327465/surf-spots-oceania/

10 – https://www.statista.com/statistics/1327331/surf-spots-australia-states/

FAQs

What is the history of surfing?

The history of surfing dates back to the ancient Polynesians, who are believed to have been the first people to surf. It was later adopted by the Hawaiians, who developed the sport further and popularized it.

What are the different types of surfing?

There are various types of surfing, including longboarding, shortboarding, stand-up paddleboarding, bodyboarding, kitesurfing, and windsurfing.

What are the benefits of surfing?

Surfing can provide physical and mental health benefits, including improved balance, coordination, and strength, as well as increased confidence and stress relief.

What equipment do I need to go surfing?

To go surfing, you will need a surfboard, a wetsuit, fins, a leash, and wax.

What are the safety tips for surfing?

Some safety tips for surfing include checking the weather and water conditions before going out, wearing a life jacket, never surfing alone, and always being aware of your surroundings.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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