Global Stand Up Peddle Board Market by Types (Solid Stand Up Peddle Boards and Inflatable SUP boards), by Length (Less than 10 feet, 10 feet – 11 feet, and More than 11 feet) by End Users (Men, Woman, and Kids), by Sales Channels (Online and Offline), and by Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
The Global Stand Up Peddle Board 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 2020-2027. The demand for Stand Up Peddle Boards is growing as many countries are raising awareness regarding personal health by taking initiatives such as encouraging people for activities similar to Stand Up Peddle Yoga.
Moreover, players operating in the Stand Up Peddle Boards (SUP boards) market are focusing on finding new materials and components for SUP boards to make them more environmental friendly and sustainable products.
Stand up peddle board is a board that floats on water and uses for water born sports such as surfing. Rider uses peddle to propel further through the water while standing on their board. Many types of peddle boards are used for surfing such as flatwater peddle boards, performance peddle boards, and racing peddle boards. Stand up peddle board sport utilizes the entire body including legs, core, and arms for overall balancing and offers a full body workout.
Stand up peddle board has a lifespan of three years if it is used for a considerable time. Round nose board is widely used by surfers. Inflatable peddle board is known for its stability and fits up to two people.
Stand Up Peddle Boards Market Dynamics
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.
Stand Up Peddle Boards Segment Insights
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.
Regional Outlook
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.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the SUP boards market
- Historical, Current and Projected Market Size in terms of Value and Volume
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global SUP boards market Performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Stand Up Peddle Boards Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Stand Up Peddle Boards Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Stand Up Peddle Boards Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Stand Up Peddle Boards Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Stand Up Peddle Boards Market Size & Forecast, 2017-2027
4.5.1 Stand Up Peddle Boards Market Size and Y-o-Y Growth
4.5.2 Stand Up Peddle Boards Market Absolute $ Opportunity
4.6 Pricing Analysis & Forecast, by Product Type, 2017-2027
Chapter 5 Global Stand Up Peddle Boards Market Analysis and Forecast by Types
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Types
5.1.2 Basis Point Share (BPS) Analysis by Types
5.1.3 Absolute $ Opportunity Assessment by Types
5.2 Stand Up Peddle Boards Market Size & Volume Forecast by Types
5.2.1 Solid SUP boards
5.2.2 Inflatable SUP boards
5.3 Market Attractiveness Analysis by Types
Chapter 6 Global Stand Up Peddle Boards Market Analysis and Forecast by Length
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Length
6.1.2 Basis Point Share (BPS) Analysis by Length
6.1.3 Absolute $ Opportunity Assessment by Length
6.2 Stand Up Peddle Boards Market Size & Volume Forecast by Length
6.2.1 Less than 10 feet
6.2.2 10 feet-11 feet
6.2.3 More than 11 feet.
6.3 Market Attractiveness Analysis by Length
Chapter 7 Global Stand Up Peddle Boards Market Analysis and Forecast by End Users
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by End Users
7.1.2 Basis Point Share (BPS) Analysis by End Users
7.1.3 Absolute $ Opportunity Assessment by End Users
7.2 Stand Up Peddle Boards Market Size & Volume Forecast by End Users
7.2.1 Men
7.2.2 Woman
7.2.3 Kids
7.3 Market Attractiveness Analysis by End Users
Chapter 8 Global Stand Up Peddle Boards Market Analysis and Forecast by Sales Channels
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Sales Channels
8.1.2 Basis Point Share (BPS) Analysis by Sales Channels
8.1.3 Absolute $ Opportunity Assessment by Sales Channels
8.2 Stand Up Peddle Boards Market Size & Volume Forecast by Sales Channels
8.2.1 Offline
8.2.2 Online
8.3 Market Attractiveness Analysis by Sales Channels
Chapter 9 Global Stand Up Peddle Boards Market Analysis and Forecast by Region
9.1 Introduction
9.1.1 Key Market Trends & Growth Opportunities by Region
9.1.2 Basis Point Share (BPS) Analysis by Region
9.1.3 Absolute $ Opportunity Assessment by Region
9.2 Stand Up Peddle Boards Market Size Forecast by Region
9.2.1 North America
9.2.2 Europe
9.2.3 Asia Pacific
9.2.4 Latin America
9.2.5 Middle East & Africa (MEA)
9.3 Market Attractiveness Analysis by Region
Chapter 10 Coronavirus Disease (COVID-19) Impact
10.1 Introduction
10.2 Current & Future Impact Analysis
10.3 Economic Impact Analysis
10.4 Government Policies
10.5 Investment Scenario
Chapter 11 North America Stand Up Peddle Boards Analysis and Forecast
11.1 Introduction
11.2 North America Stand Up Peddle Boards Market Size Forecast by Country
11.2.1 U.S.
11.2.2 Canada
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 North America Stand Up Peddle Boards Market Size & Volume Forecast by Types
11.6.1 Solid SUP boards
11.6.2 Inflatable SUP boards
11.7 Basis Point Share (BPS) Analysis by Types
11.8 Absolute $ Opportunity Assessment by Types
11.9 Market Attractiveness Analysis by Types
11.10 North America Stand Up Peddle Boards Market Size & Volume Forecast by Length
11.10.1 Less than 10 feet
11.10.2 10 feet-11 feet
11.10.3 More than 11 feet.
11.11 Basis Point Share (BPS) Analysis by Length
11.12 Absolute $ Opportunity Assessment by Length
11.13 Market Attractiveness Analysis by Length
11.14 North America Stand Up Peddle Boards Market Size & Volume Forecast by End Users
11.14.1 Men
11.14.2 Woman
11.14.3 Kids
11.15 Basis Point Share (BPS) Analysis by End Users
11.16 Absolute $ Opportunity Assessment by End Users
11.17 Market Attractiveness Analysis by End Users
11.18 North America Stand Up Peddle Boards Market Size & Volume Forecast by Sales Channels
11.18.1 Offline
11.18.2 Online
11.19 Basis Point Share (BPS) Analysis by Sales Channels
11.20 Absolute $ Opportunity Assessment by Sales Channels
11.21 Market Attractiveness Analysis by Sales Channels
Chapter 12 Europe Stand Up Peddle Boards Analysis and Forecast
12.1 Introduction
12.2 Europe Stand Up Peddle Boards Market Size Forecast by Country
12.2.1 Germany
12.2.2 France
12.2.3 Italy
12.2.4 U.K.
12.2.5 Spain
12.2.6 Russia
12.2.7 Rest of Europe
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Europe Stand Up Peddle Boards Market Size & Volume Forecast by Types
12.6.1 Solid SUP boards
12.6.2 Inflatable SUP boards
12.7 Basis Point Share (BPS) Analysis by Types
12.8 Absolute $ Opportunity Assessment by Types
12.9 Market Attractiveness Analysis by Types
12.10 Europe Stand Up Peddle Boards Market Size & Volume Forecast by Length
12.10.1 Less than 10 feet
12.10.2 10 feet-11 feet
12.10.3 More than 11 feet.
12.11 Basis Point Share (BPS) Analysis by Length
12.12 Absolute $ Opportunity Assessment by Length
12.13 Market Attractiveness Analysis by Length
12.14 Europe Stand Up Peddle Boards Market Size & Volume Forecast by End Users
12.14.1 Men
12.14.2 Woman
12.14.3 Kids
12.15 Basis Point Share (BPS) Analysis by End Users
12.16 Absolute $ Opportunity Assessment by End Users
12.17 Market Attractiveness Analysis by End Users
12.18 Europe Stand Up Peddle Boards Market Size & Volume Forecast by Sales Channels
12.18.1 Offline
12.18.2 Online
12.19 Basis Point Share (BPS) Analysis by Sales Channels
12.20 Absolute $ Opportunity Assessment by Sales Channels
12.21 Market Attractiveness Analysis by Sales Channels
Chapter 13 Asia Pacific Stand Up Peddle Boards Analysis and Forecast
13.1 Introduction
13.2 Asia Pacific Stand Up Peddle Boards Market Size Forecast by Country
13.2.1 China
13.2.2 Japan
13.2.3 South Korea
13.2.4 New Zealand
13.2.5 Australia
13.2.6 South East Asia (SEA)
13.2.7 Rest of Asia Pacific (APAC)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Asia Pacific Stand Up Peddle Boards Market Size & Volume Forecast by Types
13.6.1 Solid SUP boards
13.6.2 Inflatable SUP boards
13.7 Basis Point Share (BPS) Analysis by Types
13.8 Absolute $ Opportunity Assessment by Types
13.9 Market Attractiveness Analysis by Types
13.10 Asia Pacific Stand Up Peddle Boards Market Size & Volume Forecast by Length
13.10.1 Less than 10 feet
13.10.2 10 feet-11 feet
13.10.3 More than 11 feet.
13.11 Basis Point Share (BPS) Analysis by Length
13.12 Absolute $ Opportunity Assessment by Length
13.13 Market Attractiveness Analysis by Length
13.14 Asia Pacific Stand Up Peddle Boards Market Size & Volume Forecast by End Users
13.14.1 Men
13.14.2 Woman
13.14.3 Kids
13.15 Basis Point Share (BPS) Analysis by End Users
13.16 Absolute $ Opportunity Assessment by End Users
13.17 Market Attractiveness Analysis by End Users
13.18 Asia Pacific Stand Up Peddle Boards Market Size & Volume Forecast by Sales Channels
13.18.1 Offline
13.18.2 Online
13.19 Basis Point Share (BPS) Analysis by Sales Channels
13.20 Absolute $ Opportunity Assessment by Sales Channels
13.21 Market Attractiveness Analysis by Sales Channels
Chapter 14 Latin America Stand Up Peddle Boards Analysis and Forecast
14.1 Introduction
14.2 Latin America Stand Up Peddle Boards Market Size Forecast by Country
14.2.1 Brazil
14.2.2 Mexico
14.2.3 Rest of Latin America (LATAM)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Latin America Stand Up Peddle Boards Market Size & Volume Forecast by Types
14.6.1 Solid SUP boards
14.6.2 Inflatable SUP boards
14.7 Basis Point Share (BPS) Analysis by Types
14.8 Absolute $ Opportunity Assessment by Types
14.9 Market Attractiveness Analysis by Types
14.10 Latin America Stand Up Peddle Boards Market Size & Volume Forecast by Length
14.10.1 Less than 10 feet
14.10.2 10 feet-11 feet
14.10.3 More than 11 feet.
14.11 Basis Point Share (BPS) Analysis by Length
14.12 Absolute $ Opportunity Assessment by Length
14.13 Market Attractiveness Analysis by Length
14.14 Latin America Stand Up Peddle Boards Market Size & Volume Forecast by End Users
14.14.1 Men
14.14.2 Woman
14.14.3 Kids
14.15 Basis Point Share (BPS) Analysis by End Users
14.16 Absolute $ Opportunity Assessment by End Users
14.17 Market Attractiveness Analysis by End Users
14.18 Latin America Stand Up Peddle Boards Market Size & Volume Forecast by Sales Channels
14.18.1 Offline
14.18.2 Online
14.19 Basis Point Share (BPS) Analysis by Sales Channels
14.20 Absolute $ Opportunity Assessment by Sales Channels
14.21 Market Attractiveness Analysis by Sales Channels
Chapter 15 Middle East & Africa (MEA) Stand Up Peddle Boards Analysis and Forecast
15.1 Introduction
15.2 Middle East & Africa (MEA) Stand Up Peddle Boards Market Size Forecast by Country
15.2.1 Saudi Arabia
15.2.2 South Africa
15.2.3 UAE
15.2.4 Rest of Middle East & Africa (MEA)
15.3 Basis Point Share (BPS) Analysis by Country
15.4 Absolute $ Opportunity Assessment by Country
15.5 Market Attractiveness Analysis by Country
15.6 Middle East & Africa (MEA) Stand Up Peddle Boards Market Size & Volume Forecast by Types
15.6.1 Solid SUP boards
15.6.2 Inflatable SUP boards
15.7 Basis Point Share (BPS) Analysis by Types
15.8 Absolute $ Opportunity Assessment by Types
15.9 Market Attractiveness Analysis by Types
15.10 Middle East & Africa (MEA) Stand Up Peddle Boards Market Size & Volume Forecast by Length
15.10.1 Less than 10 feet
15.10.2 10 feet-11 feet
15.10.3 More than 11 feet.
15.11 Basis Point Share (BPS) Analysis by Length
15.12 Absolute $ Opportunity Assessment by Length
15.13 Market Attractiveness Analysis by Length
15.14 Middle East & Africa (MEA) Stand Up Peddle Boards Market Size & Volume Forecast by End Users
15.14.1 Men
15.14.2 Woman
15.14.3 Kids
15.15 Basis Point Share (BPS) Analysis by End Users
15.16 Absolute $ Opportunity Assessment by End Users
15.17 Market Attractiveness Analysis by End Users
15.18 Middle East & Africa (MEA) Stand Up Peddle Boards Market Size & Volume Forecast by Sales Channels
15.18.1 Offline
15.18.2 Online
15.19 Basis Point Share (BPS) Analysis by Sales Channels
15.20 Absolute $ Opportunity Assessment by Sales Channels
15.21 Market Attractiveness Analysis by Sales Channels
Chapter 16 Competition Landscape
16.1 Stand Up Peddle Boards Market: Competitive Dashboard
16.2 Global Stand Up Peddle Boards Market: Market Share Analysis, 2019
16.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
16.3.1 BOARDWORKS SURF & SUP
16.3.2 BOTE, LLC
16.3.3 COREBAN
16.3.4 Hala Gear
16.3.5 Hobie Cat Company
16.3.6 iRocker SUP
16.3.7 Jobe Sports International
16.3.8 Kahuna Paddleboards Inc.
16.3.9 RAVE Sports
16.3.10 Red Paddle Co Limited
16.3.11 Sea Eagle Boats, Inc.
16.3.12 Slingshot Sports LLC
16.3.13 Sun Dolphin Boats
16.3.14 SUP ATX LLC