USD 1.44 billion
Stand-up Paddle Board Market Size, Share, Growth Analysis, By Product(All-Round, Flatwater, Race, Surf SUP Board), By Material(PVC, Epoxy, Fiberglass, Plastics), By Board Type(Solid, Inflatable SUP Board), By Sales Channel(Offline, Online), By Region - Industry Forecast 2025-2032
Report ID:
SQSG30L2019 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
117
|Figures:
77
Stand-up Paddle Board Market Insights
Stand-up Paddle Board Market size was valued at USD 1.52 Billion in 2023 and is poised to grow from USD 1.67 Billion in 2024 to USD 2.62 Billion by 2032, growing at a CAGR of 9.6% during the forecast period (2025-2032).
The stand-up paddle board market is growing rapidly with new companies entering the market. SUP is an incredibly versatile sport that can be enjoyed by people of all ages and fitness levels. It's a great way to exercise and explore water sports that are widely adopted. Some of the biggest benefits of SUPing include the fact that it's relatively easy to learn, it's safe for beginners, and has a low impact on the environment. Plus, consumers are opting for SUP as an easy way to stay connected with nature while enjoying some peaceful relaxation time.
US Stand-Up Paddle Board Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Fastest Growth
pvc
Growth Rate
9.6% CAGR
Global Stand-up Paddle Board Market ($ Bn)
Country Share for North America (%)
Global Stand-up Paddle Board Market
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Stand-up Paddle Board Market Segmental Analysis
Global stand-up paddle board market is segmented by product type, material, board type, length, application, end-users, and sales channel. By product type, the stand-up paddle board market is segmented into all-round, flatwater, race, and surf SUP board. By material, the stand-up paddle board market categorized into pvc, epoxy, fiberglass, and plastics. By board type, the stand-up paddle board market is segmented into solid and inflatable SUP board. By sales channel, the stand-up paddle board market is segmented into offline and online stores.
Analysis by Board Type
- By Board type, inflatable sup boards are dominating the global stand-up paddle board market. Inflatable stand-up paddle boards (SUPs) have become extremely popular among consumers in recent years. There are many reasons for this, but the two main ones are that they are much more affordable than traditional SUPs and they are much easier to transport and store.
- Traditional SUPs are made of hard materials like fiberglass or carbon fiber which makes them very durable but also very expensive. Inflatable SUPs, on the other hand, are made of softer materials like PVC or nylon, which makes them much more affordable. And because they can be deflated and rolled up, they are much easier to transport and store.
- Inflatable SUPs also have some advantages over traditional SUPs when it comes to performance. They tend to be more stable because of their lower center of gravity, and they track better in the water thanks to their longer length and wider width.
Analysis by Sales Channel
- By sales channel, offline stores are dominating the stand-up paddle board market. There are a few reasons for this. First, buying a stand-up paddle board from an offline store allows the consumer to look and feel the product prior a purchase. This is important because a stand-up paddle board is a significant investment. Second, buying from an offline store gives the consumer an opportunity to connect with an about stand-up paddle boards - something that can be very helpful for someone who is new to the sport or is a first time buyer. Finally, in many cases, buying from an offline store will be cheaper than buying from an online retailer, especially if the offline retailer offers discounts or promotions.
Global Stand-up Paddle Board Market BY Material
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Stand-up Paddle Board Market Regional Insights
North America accounted for the largest share in the stand-up paddle board market. It has a large coastline that offers ample opportunities for paddle boarding. Additionally, there is a growing trend of people using paddle boards for fitness and recreation which has helped to increase the popularity of the sport.
In addition to having a large coastline, North America also has many lakes and rivers that are ideal for paddle boarding. This means that there are a plenty of locations where people can try out the sport. Additionally, the weather in North America is generally conducive to paddle boarding, with warm summers and relatively calm waters making it possible to paddle board year-round in many parts of the region.
All of these factors have combined to make North America the largest stand-up paddle board market in the world. With so many opportunities to try out the sport and abundant locations the regional market is flourishing with significant opportunities.
Global Stand-up Paddle Board Market By Region
- Largest
- Fastest
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Stand-up Paddle Board Market Dynamics
Drivers
Paddling is seen as a fitness and recreation sport worldwide
There are a few key factors that have driven the recent growth in popularity of stand-up paddle boarding (SUP).
- SUP is growing widely owing to its popularity and preference as a recreation sport. Various fitness institutions have also introduced SUPs as a popular choice for fitness amateurs.
- SUP is relatively easy to learn and does not require a significant amount of experience or skill to enjoy. Even first-time paddlers can quickly get out on the water and start exploring.
- Third, SUP provides a great workout while still being enjoyable and relaxing. Paddleboarding uses both upper and lower body muscles, gives a core workout, and even helps improve end-users’ balance.
Restraint
Lack of awareness and high costs of equipment to impede the market growth
- Lack of awareness is perhaps the biggest factor limiting the growth of stand-up paddle board market. Many people simply don't know that the sport exists or that it could be something they might enjoy.
- High entry costs are also a big barrier to entry for many potential paddlers. A good quality board and paddle can easily cost over $250, which is a lot of money for something that user may not even end up enjoying.
- Limited locations to paddle is another significant factor limiting stand-up paddle board market growth. Stand-up paddle boarding requires calm water conditions, so there are only so many places where it's possible to go paddling.
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Stand-up Paddle Board Market Competitive Landscape
In the wake of millennials moving into larger apartments, and wanting to get active, there has been a boom in the stand-up paddle board market. Manufacturers are vying for this market by coming up with new and innovative designs. Some of the most popular brands include OBX, Volvoo, Aqua Boardz, and Stand-Up Paddleboards.
Now that there is a wider variety of brands available, it is hard for consumers to decide which one to buy. In line with this, manufacturers are trying to compete in the market by offering different types of boards and accessories. Some companies are focusing on making the board more versatile so that it can be used for different activities such as surfing, SUPing, and kayaking. Others are emphasizing the fun factor by creating unique designs and colors. Still others in the stand-up paddle board market are promoting their boards as environment friendly thanks to their minimal impact on marine life.
Stand-Up Paddle Board Market Top Player's Company Profiles
- Naish International
- Red Paddle Co
- BIC Sport
- Starboard
- Mistral
- SIC Maui
- JP Australia
- Imagine Surf
- Fanatic
- RRD Roberto Ricci Designs
- NSP
- Aqua Marina
- Slingshot Sports
- F-one
- Sunova
- Body Glove
- Jobe Sports
- Oxbow
- Aztron
- GONGSUP
Stand-Up Paddle Board Market Recent Developments
- In 2021, Blue Planet Surf took over the management of Tropical Rush Store. This would benefit the company in improving its sales of stand-up paddle board along with create better demand for SUP board rental services.
- In 2019, Funky Sup introduced a new SUP board having picture in 2D & 3D of sea animals for kids.
- In 2021, Dunn-rite Products introduced new floral inflatable SUP board with a maximum weight capacity of 435lbs and a width of 32 inches.
Stand-up Paddle Board Key Market Trends
- Growing popularity: Popularity of stand-up paddle board market continues to grow exponentially. This is due in large part to the fact that it is a relatively new sport, and people are just now discovering its many benefits. Yoga and paddle boarding are becoming increasingly popular among women, as they offer a great way to relax and get fit at the same time.
- Easy to handle enabling a user-friendly product: More and more people are using inflatable SUPs, which are easier to transport and store than traditional SUPs. An increasing number of people are using SUPs for fitness purposes, as it is an excellent workout for both the upper and lower body.
Stand-up Paddle Board Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
Global stand-up paddle board market is a rapidly growing market with immense potential. According to the Outdoor Industry Association, sales of stand-up paddle boards grew by over 20% from 2014 to 2020, and continue to grow at a similar rate. This growth is being driven by the increasing popularity of the sport, as well as the wide range of benefits that it offers.
There are a number of different types of paddle boards available on the market, which cater to different styles of paddling and different levels of experience. Inflatable paddle boards are becoming increasingly popular due to their portability and ease-of-use, while racing boards and surfboards are also popular among those looking for more performance-oriented designs.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.44 billion |
| Market size value in 2031 | USD 2.39 billion |
| Growth Rate | 9.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Stand-up Paddle Board Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Stand-up Paddle Board Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Stand-up Paddle Board Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Stand-up Paddle Board Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Stand-up Paddle Board Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Stand-up Paddle Board Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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