The Global Surfing Apparel & Accessory Market size is expected to reach $2.1 billion by 2027, rising at a market growth of 7.2% CAGR during the forecast period. Surfing has gained high popularity as a game of youth and has become a sign of active and physically thrilling sports among the youth population. Motivated by the potential exist in this market, various new players are entering into the market with an aim to design technological sophisticated apparel and accessory, thereby creating bright growth prospects for the global surging apparel and accessory market over the forecasting period. For example, in October 2016, Trinity Board Sport launched a surfboard by taking the help of parabolic rail system technology. The board provides 20%-30% more volume as compared to the traditional surfboard, hence providing better balancing and substantial performance benefits.
Factors such as the surge in the popularity of water sports and adventure sports on a worldwide scale are responsible for the growth of the market. The demand & growth of surging equipment like surfboards, apparel, gear, and accessories would be fueled by the upsurge in the preference & interest for surfing among adventure enthusiasts, particularly millennials. In addition, the sport has gained high prominence in nations having long coastlines like Australia, Portugal, New Zealand, Indonesia, some parts of the U.S. and Canada, and Sri Lanka.
With the increasing cases of COVID-19 across various countries of the globe, governments globally decided to put in place stringent lockdown measures and guidelines with an aim to prevent the spread of the transmission of the infection. Due to this scenario, the retail stores, malls, and other brick & mortar stores were remained closed during the pandemic period. Therefore, it was quite difficult to find the surfing equipment. Thus, the COVID-19 pandemic has slowed down the sales of the surging apparel & accessory market.
Moreover, the sales of these products had hampered due to the disruptions in the supply chain and the close of manufacturing units. Furthermore, many surfs apparel companies have stopped manufacturing throughout the closedown of non-essential industries. Thus, the COVID-19 had created uncertainty in the global surging apparel & accessory market throughout the period. However, with the relaxation in the restrictions and the reducing number of COVID-19 cases, the market is expected to revive very soon.
In this modern age, almost every person goes through some or other kind of stress. As the modern generation is highly engrossed in digital activities with the help of smartphones and the Internet, people usually forget how it feels to disconnect and let go. Spending a large amount of time on plenty of fresh air and water clears the mental and physical body. Thus, surfing also contributed to the mental wellbeing of the person.
During the surging, the body twists and turns many times in various positions due to the power of the waves. This stretching increases the flexibility and mobility of the body, thereby providing much-required health benefits to the surfers. In addition, surfing needs the consistent usage of the arms as a person paddle around. Moreover, it is also an excellent workout for the back, chest, and shoulder muscles.
These products have low penetration in many developing as well as under-developed countries. Moreover, consumers residing in these countries have low disposable income, hence purchasing non-essential items like surfing apparel & accessory. This factor has hampered the growth of the global market in the last couple of years. In the beginning, surfing can be exhausting for a person. Hence, it needs a bit of training before a person actually goes out for surfing so as to avoid any unpleasant incident.
Based on Product, the market is segmented into Surf Apparel and Surf Accessories. Sustainable methods/materials are being utilized by surfing apparel companies to design eco-friendly products, like allSisters, a brand based in Barcelona, develops expensive swimsuits with superior quality recycled textiles and collects funds for the non-profit Surfers Against Sewage, that fight against plastic waste. Kelly Slater, a surfer who started the company named Outerknown, is an eco-friendly surfwear company that aims to integrate design and function in a sustainable manner.
Based on Distribution Channel, the market is segmented into Offline and Online. The online platforms target those customers who are willing to buy things without physically examining them. The majority of the makers have shifted to a direct sales approach in order to increase product sales and profit margins. The customers are motivated to purchase clothes and accessories from online channels due to the high availability of a wide range of global brands, free delivery, high discounts, and easy return policies. Online shops provide various types of surging items at different prices, thereby making it convenient to fulfil the requirements of a broad range of customers, mainly those on a budget.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 1.2 Billion |
| Market size forecast in 2027 | USD 2.1 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 7.2% from 2021 to 2027 |
| Number of Pages | 138 |
| Number of Tables | 240 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Product, Distribution Channel, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America emerged as the leading region in the surging apparel & accessory market by obtaining the maximum revenue share in 2020. The growth of the regional market is expected to be driven by the massive popularity of surging among the people who are young and prefer adventure activities. Moreover, the region is likely to exhibit a similar dominating trend even during the forecast period.
Free Valuable Insights: Global Surfing Apparel & Accessory Market size to reach USD 2.1 Billion by 2027
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).
By Product
By Distribution Channel
By Geography
The surfing apparel & accessory market size is projected to reach USD 2.1 billion by 2027.
Surfing enhances mental health and sleep quality are driving the market in coming years, however, Low penetration of these products in the under-developed countries limited the growth of the market.
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).
The expected CAGR of the surfing apparel & accessory market is 7.2% from 2021 to 2027.
In 2020, the offline distribution channel segment garnered the maximum revenue share in the surging apparel & accessory market. The online segment would exhibit the largest growth rate during the forecast period.
The North America market dominated the Global Surfing Apparel & Accessory Market by Region in 2020, and would continue to be a dominant market till 2027.
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