Growth of $ 108.21 million expected in the stand-up paddle market | 5.09% YoY Growth in 2021 Amid Spread of COVID-19 | North America will see maximum growth

0


The outbreak of the COVID-91 pandemic has had a direct impact on the stand-up paddleboard market. Supply chain disruptions have made sourcing raw materials difficult for suppliers. However, with the reopening of online and delivery networks with social distancing standards in place, the market is expected to experience 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 provides information on the upcoming trends and challenges that will influence the growth of the market.
Download our free sample report

Stand up paddle market: opportunities

Participation in stand-up paddleboarding is accelerating in developing countries such as China, India, and Indonesia. Many beaches in these countries offer paddleboarding activities, such as stand up paddleboarding in calm waters, surfing, SUP yoga classes, and SUP lessons and exercises. These countries are also seeing an increase in the number of stand-up paddleboarding schools, workshops and water sports resorts. All of these factors create significant opportunities for market sellers.

Stand-up paddle market: segmentation by product

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

Stand-up paddle 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 than the market growth in Europe, APAC and South America. Market growth in North America can be attributed to the growing number of foreign and domestic tourists, the rapid growth of surf championships and events, and the presence of prominent vendors. Moreover, 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 Paddle Board market and decided to increase its market share in the North American region which offers the best market opportunities during the period. forecast period.

Learn more about market opportunities: Inquire About The Report Before You Buy

Stand-up paddle market: main suppliers

Airhead Sports Group

The company offers a wide range of paddleboards and SUPs specially designed for easy transport.

Boardworks Surf and Sup.

The company offers a full line of inflatable SUPs and accessories.

Cascadia Board Co.

The company offers rigid, inflatable and soft SUPs as well as 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 riders.

In addition to market data, Technavio offers customizations according to the specific needs of companies. The following customization options are available for the Stand-up Paddleboard Market report:

Regional analysis

  • New breakdown of market segmentation in requested regions.

Information on market players

  • Detailed analysis and profiling of other market players, supplier segmentation and supplier offerings.
  • Know the strategies adopted by suppliers during the recovery phase of COVID-19.

Talk to our analyst for a personalized report

Related Reports on Stand Up Paddle Market:

Global Surfboard Market – The global surfboards market is segmented by product (shortboards, longboards and others), end user (recreational users and business users), distribution channel (specialty stores, hypermarkets and supermarkets, online retail and others) and geography (North America, Europe, APAC, South Americaand MEA).
Request a free sample report

Global Canoe and Kayak Equipment Market – The global canoe and kayak equipment market is segmented by product (canoes and kayaks and accessories), geography (North America, Europe, APAC, South Americaand MEA) and the distribution channel (sporting goods retailers, online retail and others).
Request a free sample report

Global Trampoline Market – The 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).
Request a free sample report

Global Watersports Equipment Market – The global water sports equipment market is segmented by product (sports equipment and sportswear), distribution channel (offline and online), type (swimming, aqua gym and water polo) and geography (North America, Europe, APAC, South Americaand MEA).
Request a free sample report

Global Figure Skating Equipment Market – The global figure skating equipment market is segmented by distribution channel (offline and online) and geography (North America, Europe, APAC, South Americaand MEA).
Request a free sample report

Subscribe to our most popular “Plan Lite” at just $ 3,000 per year and benefit from the following advantages

  • Consult 3 reports per month!
  • Download 3 reports per year!
  • Access our Technavio Insights for life!

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

  • Summary of the five forces
  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new participants
  • The threat of substitutes
  • Threat of rivalry
  • State of the market

Market segmentation by product

  • Market segments
  • Comparison by product
  • Inflatables – Market Size and Forecast 2020-2025
  • Hardboard Market Size and Forecast 2020-2025
  • Market opportunity by product

Market segmentation by distribution channel

  • Market segments
  • Comparison by distribution channel
  • Sporting 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

Geographical 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
  • Main leading countries
  • Market opportunity by geography
  • Market factors
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor Landscape
  • Landscape disturbance
  • Industry risks

Supplier analysis

  • Covered suppliers
  • Positioning of suppliers on the market
  • Airhead Sports Group
  • Boardworks Surf and Sup.
  • Cascadia Board Co.
  • LAIRDSTANDUP
  • Red Paddle Co.
  • Starboard
  • SUP ATX LLC
  • Tahe Outdoors France SASU
  • Tower
  • Canoe Wenonah

appendix

  • Scope of the report
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

About Us
Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialist analysts, Technavio’s report library includes more than 17,000 reports and counts, covering 800 technologies, in 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market knowledge to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact
Technavio research
Jesse maida
Media and Marketing Manager
United States: +1 844 364 1100
United Kingdom: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com
Report: www.technavio.com/report/stand-up-paddleboard-market-industry-analysis

SOURCE Technavio

Related links

http://www.technavio.com/report/stand-up-paddleboard-market-industry-analysis



Source link

Leave A Reply

Your email address will not be published.