The Asia Pacific Surfing Apparel & Accessory Market would witness market growth of 8.6% CAGR during the forecast period (2021-2027).
In order to enjoy various kinds of adventure activities, people who love hail summer and many other related sports go to the beautiful ocean. Surfing is one such sport that has gained massive popularity in the last couple of years, thereby boosting the growth & demand for the surging apparel & accessory market. These apparel and accessory hold great potential for growth and people started to adopt them as a part of their lifestyle.
The growth of the surfing apparel and accessory market is anticipated to be boosted by many factors such as the surge in the number of surf schools, the rising trend of surfwear as a part of lifestyle, and surf-inspired clothes, and the adoption of surfing as a lifestyle sport. Moreover, the market is expected to witness new avenues for growth as key makers like Channel Islands Surfboards, Quiksilver, and Firewire Surfboards are bringing innovating in their product offerings. For instance, Billabong, a firm based in Australia, launched Furnace Graphene, graphene-equipped surfing clothing. The grapheme-incorporated yarns in this product are carefully designed to confine and hold heat in an effective manner, offering warmth to the wearer.
As Australia and New Zealand have already become the famous surfing destinations in the region, the surge in preference of adventure sports among the youth in various other countries such as Thailand, Cambodia, Indonesia, Vietnam, Japan, and the Maldives has been a major catalyst for the growth of the regional surfing apparel & accessory market in the last couple of years.
Australia is quite popular for some of the highly appealing waves for surfing and the activity is more than just a hobby here. As the headquarters of the World Surf League is in the country, some of the most popular surfing tournaments occur in Australia such as the Quiksilver Pro Gold Coast in Queensland, Men’s Samsung Galaxy Championship Tour, the Rip Curl Pro at Bells Beach, and the Margaret River Pro in Western Australia. Therefore, the region is likely to witness lucrative growth opportunities in the surfing apparel & accessory market.
The Surf Apparel market dominated the Malaysia Surfing Apparel & Accessory Market by Product in 2020, thereby, achieving a market value of $15.1 Million by 2027. The Surf Accessories market is expected to witness a CAGR of 10.6% during (2021 - 2027).
Based on Product, the market is segmented into Surf Apparel and Surf Accessories. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Surfing Apparel & Accessory Market is Projected to reach USD 2.1 Billion by 2027, at a CAGR of 7.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include O'NEILL, Globe International Ltd., Rip Curl, Inc., Volcom, LLC (Authentic Brands Group LLC), Reef (The Rockport Company), Boardriders, Inc., and Hurley, Inc. (Bluestar Alliance LLC).
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