Global Surfing Apparel & Accessories Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
Global Surfing Apparel & Accessories Market Overview
"The Surfing Apparel & Accessories Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Surfing apparel & accessories refers to the outerwear worn by individuals who surf and the items that contribute to make their ensemble seam more complete. These products are styled and crafted to make them most appropriate for individuals in a beachside environment.
The growing attention that surfing is garnering across the globe, not just as an adventure sport, but as a lifestyle, among enthusiasts and hobbyists alike, is a primary factor that is expected to have a significant impact on the revenue growth of the global surfing apparel & accessories market in the coming years.
Additionally, numerous initiatives being undertaken by key industry players and surfing associations around the world to get individuals comfortable with being in the water and on a surfboard is leading to more people developing an interest in this sport and the merchandise that comes with it as well. This is expected to have an impressionable impact on the revenue growth of the global surfing apparel & accessories market in the foreseeable future. Moreover, the increasing application of innovative technologies, such as artificial surf pools which have had a positive reception from individuals across all demographics, are also expected to continue to bolster future market growth for this industry.
Due to the increasing penetration of the internet, key market players have collaborated with several e-commerce channels to further expand their market footprint by achieving higher sales is another factor that is contributing to the future revenue growth of the global surfing apparel & accessories market. The convenience of online shopping coupled with home delivery, and the addition of value-added discounts offered by service providers are some of the benefits individuals can avail online.
Segmentation of the global surfing apparel & accessories market is as follows:
On the basis of products, the surf apparel segment accounted for the highest number of revenue shares of the global surf apparel & accessories market in 2019. The development of eco-friendly clothing and the use of innovative fabrics and high-performing materials are some of the factors that are contributing to the increasing growth of this segment. The surfing accessories segment is slated to expand at the fastest rate of revenue growth over the next decade due to an expected spike in the demand for these products in the coming years.
With respect to distribution channel, the offline distribution channel accounted for the highest number of revenue shares of the global surfing apparel & accessories market in 2019, due to the increasing number of brick-and-mortar stores being setup across the world, and the change in preferences for consumers to physically examine a product before making a purchase.
The online distribution channel segment is anticipated to expand at the fastest rate pf revenue growth over the next 10 years, due to factors such as the increased convenience when shopping online, a wider range of available products, the increasing penetration of the internet, and the additional value-added discounts being offered by service providers.
Regional Segmentation and Analysis:
North America accounted for the highest number of revenue shares of the global surf apparel & accessories market in 2019, owing to the large presence of key industry players, as well as the presence of a well-established surfing sports infrastructure in this region.
However, the markets in the Asia Pacific are anticipated to register the fastest rate of revenue growth over the next decade, due to expanding geographical presence of key industry players, as well as the change in consumer preferences towards surfing.
Segmentation of the Global Surfing Apparel & Accessories Market:
Segmentation by Product:
- Surf Apparel
- Surf Accessories
Segmentation by Distribution Channel:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Quicksilver Inc.
- Hurley Inc.
- Volcom LLC.
- Globe International
- Reef Sports
- Roxy Inc.
- Ripcurl Ltd.
- Oakley Inc.
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