Global Stand-up Paddle Board Market

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 2024-2031


Report ID: SQSG30L2019 | Region: Global | Published Date: July, 2024
Pages: 157 | Tables: 117 | Figures: 77

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 size was valued at USD 1.44 billion in 2019 and is poised to grow from USD 1.52 billion in 2023 to USD 2.39 billion by 2031, growing at a CAGR of 9.6% in the forecast period (2024-2031).

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. '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'

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.

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.

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.

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Global Stand-up Paddle Board Market

Report ID: SQSG30L2019

$5,300
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