20-Jun-2023 | Zion Market Research
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 bodyboards industry deals with the production, distribution, and after-sales services of bodyboards which is a sports equipment used during bodyboarding. The activity is a water sport similar to surfing with the difference between the position in which riders ride the way during bodyboarding. Whereas in surfing, riders are required to stand up, during bodyboarding, they have to lie on the board during a wave ride. The industry is run by several stakeholders including manufacturers, retailers, distributors, and consumers. The industry serves a wide range of consumers including professional athletes, competitive bodyboarders, recreational riders, and individuals who enjoy water sports hence there are multiple takers of the product in the commercial market.
This review is based on a report by Zion Market Research, titled "Bodyboards Market By Buyer (Professionals And Recreation/Hobbyists), By Type (Tandem Bodyboards And Conventional Bodyboards), By Sales Channel (Online And Offline), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030"- Report at https://www.zionmarketresearch.com/report/bodyboards-market
The global bodyboards market is projected to grow owing to the increasing popularity of water sports driven by factors such as rising global tourism, initiatives undertaken by government & regional bodies to attract more regional & international tourists, increasing interest among the general population about new forms of sports, and rising number of domestic coaches or institutes offering training on new hobbies such as bodyboarding. In countries where the sport is already popular, more people are inclined toward bodyboarding due to its ease of learning as it is considered relatively easier when compared to surfing. It requires less balance and skill which is why many people opt for learning this sport.
The bodyboards industry is also witnessing a steady rise in terms of technological advancements which deal with board design, materials, and construction. Manufacturers are continuously working toward developing more effective bodyboards that offer higher performance and durability while having less impact on the environment. Product innovation with the rising number of players choosing to develop recyclable bodyboards is expected to become a primary market driver in the coming years. Other factors such as the strong influence of social media, and digital marketing along with growing watersports tourism could also assist in better growth.
However, the global bodyboard market may come across certain roadblocks owing to the concerns over water pollution caused by bodyboards. Since these equipment are less expensive than surfing boards, they can be easily discarded which has become a major reason for water pollution in coastal areas that conduct bodyboarding. Like other water sports, the industry has been a key contributor to pollution, coastal erosion, and the impact on marine ecosystems. Additionally, the market has only limited reach since only areas with correct tide conditions can entertain the players. Certain regions do not have supporting conditions to conduct bodyboarding.
The increasing educational programs may provide growth opportunities while safety concerns could challenge market expansion.
The global bodyboards market is segmented based on the buyer, type, sales, and region.
Based on buyers, 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 bodyboards market 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 bodyboards industry divisions are tandem bodyboards and conventional bodyboards. The highest CAGR was observed in the conventional bodyboards segment in 2022 as they are more commonly used. They are typically designed for single riders and are popular amongst professionals along with hobbyists. Conventional boards come in various sizes, materials, and shapes and cater to the needs of riders with different skill levels. Tandem boards are designed for two people for them to ride together. They are larger and wider when compared to conventional boards and are typically purchased by couples, family members, or friends. A standard body may be between 38” and 46” long.
Based on sales channels, the global industry is divided into online and offline.
The global bodyboards market is expected to register the highest growth in North America with the US emerging as a major regional market share holder due to the increasing rate of water sport events in the coastal areas of the country. Furthermore, the growing presence of key manufacturers and the rising rate of retailers could contribute to higher growth. Europe has played a significant role in global industry expansion due to the higher number of enthusiasts of bodyboarding in countries such as Portugal, Spain, France, and the United Kingdom. The Atlantic coastline is a major tourist destination and offers a wide range of wave conditions that is attractive to local residents and international tourists. The regional market is a mix of recreational riders, competitive athletes, and surf schools causing higher growth in the region. Latin America may register higher revenue due to Brazil’s vibrant surfing and bodyboarding landscape.
Bodyboards Market: Competitive Analysis
The global bodyboards market is led by players like:
By Buyer
By Type
By Sales Channel
By Region
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