Enhancing weather training and technologies with advanced product development strategies is expected to offer lucrative opportunities for the growth of the SUP market
The global stand-up paddle board market is estimated to acquire USD 112 million by 2028 thereby gaining substantial traction. With rapidly gaining momentum, the market projects progress at a CAGR of 8% through forecast years, 2021 to 2028. Stand-up paddleboards are equipment used in stand-up paddle boarding or SUP which is a water sports spun off from surfing.
The paddle boards used in the water sports are a combination of kayaking and surfing with wider, light weight, longer and more buoyant characteristics. SUP is a relatively modern water sport that originated in Hawaii. SUP has extended its community through travel groups, online pages, blogs, and training activities that involve tourists in fun paddle-boarding activities.
Growth patterns within the global stand-up paddle board market dynamics are sketched to observe the key trends and market attractiveness. Primary growth derivatives spurring the future opportunities and growth prospects over the forecast are outlined. Influential factors including substantial growth in the water sport contests, increasing adoption of SUP by individuals involved in yoga, Pilates and other activities along with strengthening adventure tourism landscape are boosting the prospective growth potential of the global stand-up paddle board market.
The rising research initiatives in order to strategically reshape the product development approach for enhancing product capabilities is considered to augment the market growth over the forecast period. Introduction of alternative or modernized equipment poses a challenge for the stand-up paddle board (SUP) industry. However, with broad range of applications across surfing, touring, racing among others the market is projected to grow at an optimum pace over the forecasted time span.
Adroit Market Research report on the global stand-up paddle board market applies a holistic approach in market evaluation from 2021 to 2028, covering multiple aspects including market drivers, restrains, challenges and opportunities. The market estimations and industry valuation has been done for historic years 2019 to 2020. The report observes 2020 as the base year of market study with forecast years determined from 2021 to 2028.
The study encompasses the market dynamics in the current scenario along with future estimations and traits. The study conducts a Porter’s five forces analysis followed by a SWOT to derive conclusive research outcome. The report covers a competitive assessment identifying the key players of the market positioning them based on their business strategies, product portfolio, revenue incurred and geographic footprint.
The stand-up paddle board market has a sustainable competitive environment housing large-scale manufacturers with historic branding significance and young market entrants. The SUP market players are attracting promising markets with a view of expansion ultimately gaining a competitive edge among its peers via proposing potential mergers, agreements, short-term as well as long-term collaborations and deals with infant start-ups combining the expertise with innovation.
Based on the product type, the market is divided into two categories namely solid SUP boards and Inflatable SUP boards each with their individual significance in the paddleboarding market. inflatable SUP boards have dominated the market with maximum share in 2021 and is estimated to continue having a strong foothold owing to its durability and portability. The solid SUPs are also anticipated to grow sustainably with their technical capabilities.
Asia Pacific market is predicted to expand over the forecast with strengthening infrastructure of adventure tourism across countries such as China, Thailand and India. Increasing demand for stand-up paddleboards particular from the younger generation owing to the increasing global trends awareness is augmenting the market growth over the forecast. North America is the dominant regional player with a vast market space as it is the focal point of the water sport. The region accounts for a significant market share with large paddle board manufacturers positioned across the U.S. and Canada. Europe is also expected to witness a promising forecast with large-scale manufacturers expanding business avenue.
The major players of the global stand-up paddle boards market are Laird Stand-up, Sun Dolphin Boats, Sea Eagle Boats, Red Paddle, Clear Hawaii Corp, Northwest River Supplies, Slingshot Sports, F-ONE, Coreban, LLC, Rave Sports, EXOCET- ORIGINAL, C4 Waterman, BIC Sport Stand-up Paddle, Boardworks Surf & SUP and Tower Paddle Boards. The stand-up paddle board market consists of large-scale and well-established players along with local players. The previously recognised market players are placed alongside the local market participants.
Key Segments of the Global Stand-up Paddle Boards Market
Type Overview, 2021-2028 (USD Million)
- Solid SUP Boards
- Inflatable SUP Boards
Length Overview, 2021-2028 (USD Million)
- Less Than 10 Feet
- 10 Feet-11 Feet
- More Than 11 Feet
End-User Overview, 2021-2028 (USD Million)
Application Overview, 2021-2028 (USD Million)
- Flat-Water or Touring
Distribution Overview, 2021-2028 (USD Million)
- Specialty Stores
- Retail Stores
Regional Overview, 2021-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
- Rest of South America
Middle East & Africa