The global SUP boards Market was valued at USD 289.7 Million in 2019 and is projected to reach USD 421.3 Million by 2027, expanding at a CAGR of 5.1% during the forecast period. The demand for SUP boards is growing as many countries are raising awareness regarding the personal health by taking initiatives such as encouraging people for activities like SUP Yoga. Moreover, players operating in SUP boards market are focusing on finding new materials and components for SUP boards to make them more environment friendly and sustainable products.
The use of stand up peddling board has increased with the rising awareness about personal health and the need for exercise. The number of people choosing watersports as an exercise is growing. Increasing number of people undertaking watersports has significantly fueled the demand for SUP boards. In the last decade, stand up Peddle boards are becoming a lifestyle statement in the areas of recreational and leisure activities. Moreover, growth in adventure tourism activities around the globe is fueling the stand-up peddling boards market. Stand up paddleboard are used to cruise in rivers, lakes, and oceans. Furthermore, SUPs are widely used for adventure tourism activities. Increasing demand of SUPs for surfing, racing, and for recreational use is expected to propel the market. Furthermore, SUP manufacturers are introducing premium and purpose-oriented SUPs. This is helping manufacturers widen their product portfolio. Premium products made using novel materials are expected to attract buyers. Innovative technologies such as action cameras, GPS units, and other smart gears are being added to the new SUP boards.
Governments around the globe are raising awareness about the environment by taking initiatives to reduce contaminations of water bodies caused by paints and materials used in SUP boards. These factors are driving people to adopt eco-friendly SUP boards. Governments of many countries are encouraging the use of eco-friendly SUPs, which in turn, is expected to fuel the demand for eco-friendly SUP boards during the forecast period.
However, SUP boards are slower than kayaks due to their structure. An average SUP board is ½ - ¾ times slower than a standard kayak. Furthermore, SUP boards need a fin or hull for tracking or stability of the board. This makes SUP boards more likely to hit the bottom of shallow water bodies or catch weed in the fin. This can damage the SUP board or affect its speed. SUP boards are made of lightweight synthetic material such as epoxy foam. This makes SUP boards more fragile and even smaller bumps can cause a big damage to SUP boards. All these structural limitations of SUP boards are restraining the market.
The use of Stand-up Peddle boards is rising significantly due to rising awareness about personal health. Growing preference for a healthy lifestyle and leisure has increased the use of SUP boards. Rise in demand for the stand up Peddle boards is also attributed to increasing disposable incomes worldwide. People are choosing stand up Peddle board for activities such as yoga.
By Types Segment
In terms of Product Types, the global stand up paddle board market is bifurcated as solid SUP boards and inflatable SUP boards. The inflatable SUP boards segment accounts for a major share of the market and is anticipated to expand at a considerable CAGR during the forecast period. The growth of the inflatable SUP boards segment is due to the fact that iSUPs are portable. Moreover, iSUPs can handle impact of bumping into something better than solid SUP boards
By Length Segment
On basis of length, the global stand up paddle board market is categorized as less than 10 feet, 10 feet-11 feet, and more than 11 feet. The 10 feet-11 feet segment accounts for a major share of the market and is anticipated to expand at a considerable CAGR during the forecast period. The growth of the 10 feet-11 feet segment is due to the fact that 10-11 feet SUPs are multipurpose SUPs.
By End users Segment
Based on end-users, the global stand up paddle board market is categorized as men, woman, and kids. The men segment accounts for a major share of the market and is anticipated to expand at a considerable CAGR during the forecast period. The growth of the men segment is due to the fact that men spend more on sports related goods than women and the presence of high number of male stand up board paddlers.
By Sales channel Segment
In terms of sales channels, the global stand up paddle board market is categorized as online and offline. The offline segment accounts for a major share of the market and is anticipated to expand at a moderate CAGR during the forecast period. Online and offline channels offer a wide range of stand-up paddle board with different features. In the online channel, consumers can purchase products through the company’s website or e-commerce website. The online segment is expected to grow at significant CAGR during forecast period.
On the basis of regions, the global stand up paddle board market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Europe is expected to dominate the global stand up paddle board market during the forecast period, owing to high adoption of stand up paddle board in this region.
North America is expected to hold considerable share of the market. The presence of key manufactures of stand-up paddle board in the region and growing number of water sports events and participants in the region are the prime factor propelling the market in the region during the forecast period. The market in Europe is estimated to expand at a substantial CAGR during the forecast period due to increasing accessibility and availability of stand-up paddle board in the region.
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report covers types of SUP boards such as solid SUP boards and inflatable SUP boards.
According to this Growth Market Reports report, the market from stand-up Peddle board sis likely to register a CAGR of 5.1% during forecast period 2020-2027, with an anticipated valuation of USD 421.3 million by the end of the 2027.
In addition to market size (in USD Million), Volume (Units), and Company Market Share (in % for base year 2019), other data such Macro-economic factors, COVID-19 Impact on the SUP boards market is available in final report.
The stand-up Peddle board market is anticipated to grow significantly during forecast period due to rising awareness about healthy lifestyle and growing adventure tourism and due to increasing disposable income of people.
Personal health related activities, SUP racing, leisure and recreational activities and others analysis are the key applications driving the market growth.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness slow growth during 2019-2020 owing to the negative impact of COVID-19 pandemic on the global SUP boards market.
The base year considered for the global stand up Peddle board’s market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Major Manufactures include BOARDWORKS SURF & SUP, BOTE LLC, COREBAN, Hala Gear, Hobie Cat Company, iRocker SUP, Jobe Sports International, Kahuna Paddleboards Inc., RAVE Sports, Red Paddle Co Limited, Sea Eagle Boats, Inc., Slingshot Sports, LLC, Sun Dolphin Boats, SUP ATX LLC.
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