MRC Announces the Publication of its Research Report – Global Surfboard Market 2018-2022
MRC recognizes the following companies as the key players in the global surfboard market: Beachbeat Surfboards, Channel Islands Surfboards, Firewire Surfboards, Global Surf Industries, INFINITY SURF, and NSP Surfboard.
Other Prominent Vendors in the market are: Billabong, BruSurf, Mt Woodgee, and Superbrand Surfboards and Apparel.
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Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is increase in use of improved raw materials. Manufacturers are focusing on the production of better surfboards with the help of different materials. For instance, they are replacing polyurethane with Styrofoam and polyester with epoxy resin to manufacture surfboards. The adoption of these materials is increasing because they offer high impact resistance and are light in weight. The preference towards epoxy surfboards is increasing among consumers since they produce less toxic fumes.”
According to the report, one of the major drivers for this market is introduction of surfing contests. Several surfers are focusing on exhibiting their skills and gain recognition by participating in surfing competitions. These surfers are judged based on the level of difficulty, mastery of surfing on the waves, competency of how the wave is ridden, and frequency of maneuvers. A large number of professional surfing competitors participate in the championship tour conducted by the world surf league (WSL). The number of recreational and professional surfers is increasing due to the rising number of surfing events. This in turn, will boost the sales of surfboards and surf gear of all kinds. Various companies such as Stance, Dakine, and Stubbies also sponsor surfers or competitions as a part of their marketing strategy.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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