Surfing Apparel and Accessories Market Share, Demand, Top Players, Industry Size, Future Growth By 2029
The global surfing apparel and accessories market size is predicted to exhibit monumental growth during the forecast period. Surfing is a sports adventure activity that has gained immense popularity in recent years. The growing popularity of surfing as an adventure sport is likely to boost the demand for surfing apparel and accessories, thereby bolstering the global market growth. Fortune Business InsightsTMhas presented this information in its upcoming report titled, “Surfing Apparel and Accessories Market, 2022-2029”.
Further, the rising numbers of surfing training programs, coupled with the increasing numbers of surfing destinations are expected to flourish in growth for the market.
COVID-19 Impact-
The global coronavirus pandemic has severely affected the market growth. The strict curfews and lockdowns to curb the virus spread resulted in almost zero movement of people. The bans on travelling and tourism affected the market growth. The demand for surfing apparel and accessories declined due to low consumer. Nonetheless, the market is gaining traction as several nations open their borders for travel and tourism. The market is anticipated to exhibit tremendous growth in the coming years.
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Fortune Business Insights™ lists out all the surfing apparel and accessories market companies that are presently striving to reduce the impact of the Covid-19 pandemic on the market:
- Reef Sports
- RVCA
- Ripcurl
- Roxy
- Volcom
- Billabong International
- Hurley
- Quiksilver
Report Coverage-
- It includes information on vital growth opportunities in the market.
- It covers an analysis of the COVID-19 pandemic’s impact on the market.
- It offers information on various market segment and sub-segments. It covers information on the key strategies adopted by major market players to garner growth and uptick their market positions.
- It assesses the factors driving and restraining the market’s expansion.
Drivers & Restraints-
Rising Trend of Surfing as an Adventure Sport to Amplify Market Expansion
The rising popularity of surfing as an adventure game is predicted to be the foremost factor driving the global surfing apparel and accessories market share. The increasing penetration of brands providing superior quality aesthetic surfing apparel and accessories are expected to complement the market expansion. The evolving fashion trends in surfing apparel and accessories industry are predicted to fortify market expansion. The rising numbers of surfing training programs, coupled with the increasing numbers of surfing destinations are expected to flourish in growth for the market.
However, the rising prevalence of skin problems related to low grading surfing apparels may restrain the market expansion in the coming years.
Regional Insights-
Rising Water Sports to Augment Market Growth in North America
North America is anticipated to garner the highest growth in the global surfing apparel and accessories market share. The rising water sports activities such as jet skiing, swimming, parasailing, and surfing are predicted to strengthen market growth in North America. The introduction of surfing apparel and accessories with multiple functionalities are likely to stimulate the region’s market expansion.
Asia Pacific is projected to exhibit the highest CAGR during the forecast period. The rising consumer preference for recreation and leisure activities are expected to foster market growth in Asia Pacific. The rising numbers of training programs for surfing are estimated to fortify the region’s market development.
Segmentation-
On the basis of product type, the market is bifurcated into surf accessories and surf apparel. On the basis of distribution channels, the market is divided into online retail and offline retail. Geographically, the market is classified into Europe, North America, Asia Pacific, South America, and the Middle East & Africa.
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Surfing Apparel and Accessories Market Size Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Surfing Apparel and Accessories market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Surfing Apparel and Accessories market
The Global Surfing Apparel and Accessories Market Research/Analysis Report Contains Answers to your following questions:
- Which Manufacturing Technology is used for Surfing Apparel and Accessories ? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Surfing Apparel and Accessories Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was Global Market Status of Surfing Apparel and Accessories Market? What Was Capacity, Production Value, Cost and PROFIT of Surfing Apparel and Accessories Market?
- What Is Current Market Status of Surfing Apparel and Accessories Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Surfing Apparel and Accessories Market Trends by Taking Applications and Types in Consideration?
- What Are Projections of Global Surfing Apparel and Accessories Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- What Is Surfing Apparel and Accessories Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Surfing Apparel and Accessories Industry? What are Global Surfing Apparel and Accessories Analysis Results? What Are Global Surfing Apparel and Accessories Development Trends?
- What Are Market Dynamics of Surfing Apparel and Accessories Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Surfing Apparel and Accessories Industry?
Competitive Landscape-
Key Players Introduce New Products to Attract Market Growth
The major market players adopt ingenious strategies, including expansions, acquisitions, contracts, mergers, partnerships, collaborations, and others, to magnify their global reach. They conduct extensive research and development activities to launch new products. For instance, Finisterre partnered with the University of Exeter and U.K.’s Knowledge Transfer Partnership in November 2019 to develop wetsuit techniques that can save nearly 380 tons of discarded wetsuits dumped in the U.K.
Key Industry Developments-
July 2019: Billabong launched a graphene-enhanced surfing apparel called Furnace Graphene.
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