$ 108.21 Mn growth expected in Stand-up Paddleboard Market | 5.09% YOY growth in 2021 amid COVID-19 Spread | North America to Notice Maximum Growth | Technavio

NEW YORK, May 27, 2021 /PRNewswire/ — The global stand-up paddleboard market by product (inflatables and hardboards), distribution channel (sports…

NEW YORK, May 27, 2021 /PRNewswire/ — The global stand-up paddleboard market by product (inflatables and hardboards), distribution channel (sports goods retailers, department stores, and online retailers), and geography (North America, Europe, APAC, South America, and MEA) has been added to Technavio’s offering. The global stand-up paddleboard market is expected to grow by USD 108.21 million, at a CAGR of almost 6% during 2021-2025.

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The outbreak of the COVID-91 pandemic directly impacted the stand-up paddleboard market. Disruptions in the supply chain made the procurement of raw materials difficult for vendors. However, with the reopening of online and delivery networks with social distancing norms in place, the market is expected to observe healthy growth in 2021.

The market is expected to be driven by factors such as the growing adoption of surfing in adventure tourism and innovations in SUPs.

The report also offers information on the upcoming trends and challenges that will influence market growth.

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Stand-Up Paddleboard Market: Opportunities

Participation in stand-up paddleboarding is picking up pace in developing countries such as China, India, and Indonesia. Many beaches in these countries are offering paddleboarding activities, such as paddling in calm waters, surfboarding, SUP yoga classes, and SUP lessons and exercises. These countries are also observing a rise in the number of stand-up paddleboarding schools, workshops, and watersport resorts. All these factors are creating significant opportunities for market vendors.

Stand-Up Paddleboard Market: Segmentation by Product

Based on the segmentation by product, the market generated maximum revenue in the inflatable stand-up paddleboards segment in 2020. The segment is driven by the low cost of inflatable stand-up paddleboards. Also, the advantages of inflatable stand-up paddleboards such as durability, portability, and ease of storage positive are positively influencing the growth of the segment.

Stand-Up Paddleboard Market: Segmentation by Geography

North America held the largest market share in 2020 and the market growth in the region is expected to be slower compared to the growth of the market in Europe, APAC, and South America. The growth of the market in North America can be attributed to the increasing number of overseas and domestic tourists, rapid growth in surfing championships and events, and the presence of prominent vendors. Also, the increasing participation of women in water sports is contributing to the growth of the stand-up paddleboard market in North America.

One of the fortune 500 companies had used the detailed research report on the stand-up paddleboard market and had decided to increase their market share in the North American region which offers the highest market opportunities during the forecast period.

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Stand-Up Paddleboard Market: Major Vendors

Airhead Sports Group

The company offers a wide range of paddleboards and SUPs specifically designed for easy transportation.

Boardworks Surf and Sup.

The company offers a comprehensive range of inflatable SUPs and accessories.

Cascadia Board Co.

The company offers rigid, inflatable, and soft top SUPs and other accessories.

LAIRDSTANDUP

The company offers a wide range of SUPs for surfing, touring, and racing.

Red Paddle Co.

The company offers a wide range of inflatable SUPs for all types and styles of rider.

Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the stand-up paddleboard market report: 

 Regional Analysis 

  •  Further breakdown of the market segmentation at requested regions. 

 Market Player Information 

  • Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.
  • Know the strategies adopted by vendors during the COVID-19 Recovery Phase.

Speak to our Analyst for a Customized Report

Related Reports on Stand-Up Paddleboard Market:

Global Surfboard Market – Global surfboard market is segmented by product (shortboards, longboards, and others), end-user (recreational users and professional users), distribution channel (specialty stores, hypermarkets and supermarkets, online retail, and others), and geography (North America, Europe, APAC, South America, and MEA).

Request a Free Sample Report

Global Canoeing and Kayaking Equipment Market – Global canoeing and kayaking equipment market is segmented by product (canoes and kayaks and accessories), geography (North America, Europe, APAC, South America, and MEA), and distribution channel (sports goods retailers, online retail, and others).

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Global Trampoline Market – Global trampoline market is segmented by product (round trampolines, rectangular and square trampolines, and others), end-user (commercial and individual), distribution channel (offline and online), and geography (North America, Europe, APAC, MEA, and South America).

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Global In-The-Water Sports Equipment Market – Global in-the-water sports equipment market is segmented by product (sports gear and sports apparel), distribution channel (offline and online), type (swimming, water aerobics, and water polo), and geography (North America, Europe, APAC, South America, and MEA).

Request a Free Sample Report

Global Figure Skating Equipment Market – Global figure skating equipment market is segmented by distribution channel (offline and online) and geography (North America, Europe, APAC, South America, and MEA).

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Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Inflatables – Market size and forecast 2020-2025
  • Hardboards – Market size and forecast 2020-2025
  • Market opportunity by Product

Market Segmentation by Distribution channel

  • Market segments
  • Comparison by Distribution channel
  • Sports goods retailers – Market size and forecast 2020-2025
  • Department stores – Market size and forecast 2020-2025
  • Online retailers – Market size and forecast 2020-2025
  • Market opportunity by Distribution channel

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • APAC – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption
  • Industry risks

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Airhead Sports Group
  • Boardworks Surf and Sup.
  • Cascadia Board Co.
  • LAIRDSTANDUP
  • Red Paddle Co.
  • Starboard
  • SUP ATX LLC
  • Tahe Outdoors France SASU
  • Tower
  • Wenonah Canoe

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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