Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 259.81 Million | USD 486.35 Million | 8.15% | 2022 |
The global bodyboards market size was worth around USD 259.81 million in 2022 and is predicted to grow to around USD 486.35 million by 2030 with a compound annual growth rate (CAGR) of roughly 8.15% between 2023 and 2030.
The report analyzes the global bodyboards market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the bodyboards market.
Bodyboards are sports equipment used in bodyboarding which is also known as boogie boarding. It is a water sport that requires players to ride waves on a small, rectangular-shaped board called a bodyboard. Although considered similar to surfing, the sport is slightly different from the same. The main difference is that during surfing, surfers have to stand on their feet while riding a wave whereas in bodyboarding, players have to only lie down on the board. A bodyboard is typically made of foam which provides it required floatation and buoyancy. The top of the board, also known as the deck, is made of soft material for comfort and traction. It is grippy for the players to ensure maximum safety. The bottom side, also known as the slick, is much harder than the top and is made of more slippery material allowing the board to glide gently on the water. The bodyboards industry deals with the production and distribution of bodyboards to numerous stakeholders.
The growing interest in water sports to drive market growth
The global bodyboard market is projected to grow owing to the increasing interest of the general population in water sports such as surfing and bodyboarding. The latter is considered safer than the former primarily due to the requirements of the activity. Typically surfing in intense tides is only carried out by experienced adults or professionals whereas in the case of bodyboarding, even young children can participate in the activities with relatively lesser risk of harm.
The industry growth is projected to be led by the increasing number of people across the globe opting for water recreational activities either for fitness or leisure purposes. This is mainly due to the increasing influence of watersports on young people. This trend is more prevalent in countries with excellent coastal lines such as Australia. A recent survey reported that water activities or sports in the continent went up by nearly 20% in 2018.
High seasonal dependency to restrict market expansion
The global bodyboards industry is expected to witness restricted growth owing to the high seasonal dependency on bodyboards. The demand for the boards is primarily high during warmer weather or during the presence of suitable waves. In regions that have colder winters, the level of water activities goes drastically down due to the low temperatures of water and it is highly limited during the off-season. This can cause fluctuations in sales of the sporting device and thus pose concerns for manufacturers and distributors.
Increasing educational programs to provide growth opportunities
The global bodyboards industry may benefit from the rising number of coaching and educational programs conducted across the globe which are meant to spread awareness about water activities such as bodyboards. These educational institutes also provide access to quality training programs thus encouraging more people to take up such activities either as hobbies or for professional purposes. Steps such as partnering with instructors and surf schools or organizing workshops and clinics can aid higher market growth during the forecast period.
Safety concerns to challenge market expansion
Any water activity including basic swimming, surfing, or bodyboarding is inherently risky and there are growing concerns over the safety of participants, especially in the current unpredictable water conditions witnessed across coastal lines. These risks include accidents, injuries, and in some cases, death. Hence, it is crucial for promoters of bodyboarding to ensure the spreading of safety awareness and highlight the importance of proper gear and techniques to ascertain that people do not withdraw from these activities.
The global bodyboards market is segmented based on buyer, type, sales, and region.
Based on buyer, the global market segments are professionals and recreation/hobbyists. The industry witnessed a massive growth rate in the recreation/hobbyists segment as the majority of the buyers are people who enjoy sport as a hobby or a form of leisure. Professionals are also crucial for market bodyboards expansion. They are people who participate in national or international competitions and hence are always seeking the highest grade bodyboards. They require equipment that is high in performance and such devices tend to cost more when compared to regular-use bodyboards. The riders generally prioritize features such as durability, maneuverability, and responsiveness. They may also purchase custom-made boards depending on their riding style and preference. An intermediate bodyboard may cost between USD 100 to USD 200.
Based on type, the global industry divisions are tandem bodyboards and conventional bodyboards.
Based on sales channel, the global industry is divided into online and offline. The industry is expected to witness higher growth in the online sales channel segment due to the growing popularity of online platforms including e-commerce and manufacturing websites Factors such as wide product selection, competitive pricing, and ease of comparison shopping have made online shopping a trending method for purchasing new products including bodyboards. Furthermore, these platforms offer global reach and customers get access to a wide range of options without any regional borders. The rise of digital marketing has been equally important to segmental growth. A beginner bodyboarder is recommended to practice on waves that are not beyond 1 or 2 feet.
Report Attributes | Report Details |
---|---|
Report Name | Bodyboards Market Research Report |
Market Size in 2022 | USD 259.81 Million |
Market Forecast in 2030 | USD 486.35 Million |
Growth Rate | CAGR of 8.15% |
Number of Pages | 222 |
Key Companies Covered | Morey Boogie, Custom X, Science Bodyboards, NMD Bodyboards, Hubboards, Pride Bodyboards, Creatures of Leisure, BZ Bodyboards, Stealth Bodyboards, VS Bodyboards, Limited Edition Fins (LEF), Toobs Bodyboards, Nomad Bodyboards, ERS4 (Empire Bodyboards), Ally Bodyboards, Sniper Bodyboards, Funkshen Bodyboards, Turbo Bodyboards, GT Boards, 662 Bodyboards, Alder Bodyboards, Genesis Bodyboards, Churchill Fins, No. 6 Bodyboards, and Manta Bodyboards. |
Segments Covered | By Buyer, By Type, By Sales Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to hold its dominance
The global bodyboards market is expected to be dominated by North America. It held a major part of the global bodyboards market share and generated over 38.1% of the total revenue. The United States is a major region for higher growth due to the increasing number of water sports enthusiasts in the region as it has excellent coastal lines that are ideal for activities such as bodyboarding and surfing. Additionally, international travel has been a key point of growth for the US as many people from across the globe travel to the region for enjoying once-in-a-lifetime experiences in the country including water sports. In 2019, international tourists spend more than USD 233.56 billion toward the country’s economy. Factors such as product innovation and consumer preference are likely to shape the regional landscape during the forecast period. By the end of the decade, the US region is projected to grow at a CAGR of more than 7%.
The global bodyboards market is led by players like:
By Buyer
By Type
By Sales Channel
FrequentlyAsked Questions
Bodyboards are sports equipment used in bodyboarding which is also known as boogie boarding. It is a water sport that requires players to ride waves on a small, rectangular-shaped board called a bodyboard.
The global bodyboard market is projected to grow owing to the increasing interest of the general population in water sports such as surfing and bodyboarding.
According to study, the global bodyboards market size was worth around USD 259.81 million in 2022 and is predicted to grow to around USD 486.35 million by 2030.
The CAGR value of the bodyboards market is expected to be around 8.15% during 2023-2030.
The global bodyboards market is expected to be dominated by North America. It held a major part of the global market share and generated over 38.1% of the total revenue.
The global bodyboards market is led by players like Morey Boogie, Custom X, Science Bodyboards, NMD Bodyboards, Hubboards, Pride Bodyboards, Creatures of Leisure, BZ Bodyboards, Stealth Bodyboards, VS Bodyboards, Limited Edition Fins (LEF), Toobs Bodyboards, Nomad Bodyboards, ERS4 (Empire Bodyboards), Ally Bodyboards, Sniper Bodyboards, Funkshen Bodyboards, Turbo Bodyboards, GT Boards, 662 Bodyboards, Alder Bodyboards, Genesis Bodyboards, Churchill Fins, No. 6 Bodyboards, and Manta Bodyboards.
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