The global stand up paddle board market will gain a market value of US$ 1.65 Billion in 2023 and is expected to accumulate a market value of US$ 4.3 Billion by registering a CAGR of 10.05% in the forecast period 2023-2033.
Global population growth, water activities, rapid growth of water sports, and increasing disposable income levels are all contributing factors to the growth of the stand up paddle board market.
According to the forecast, North America is poised to create US$ 960 Million in revenue during the forecast period. Recent surveys conducted by the Outdoor Industry Association report over 3 million standup paddle boarders attend events worldwide. Due to an increase in recreational sports activities in various regions, SUP boards have become more in demand.
Various organizations are actively promoting eco-friendly materials to be used in the manufacture of these products, which is one of the most promising initiatives in this area. For instance, SUPRA has helped promote eco-friendly water sports and provided SUP guidance during Kerala Backwaters Challenge.
In addition to professional kayaking and canoeing instruction, there will also be surfing and sailing instruction. Taking place every four years, the challenge will take place on January 14 and 15, 2023. After analysing Kerala’s water bodies for unsurveyed submerged poles, paddle boarders will explore other venues after exploring the backwaters of Cherai and Eroor.
Why Are International Sports Becoming a Vital Foundation for the Sales of Stand-Up Paddle Boards?
International sports have played a significant role in the growth and popularity of stand-up paddle boarding. Stand-up paddle boarding is an outdoor water sport that has gained popularity in recent years. As a result, it has become an important element of the global sporting industry. The sport has been incorporated in various international competitions, including the World SUP Championship, ISA World SUP and Paddleboard Championship, and the APP World Tour. The participation of professional athletes in these competitions has increased the visibility and popularity of the sport among the general public.
The growing interest in stand-up paddle boarding has led to an increase in the sales of paddleboards. The sport is no longer viewed as just a leisure activity but as a competitive sport. With the growth of the sport and its integration into international sporting events, the demand for paddleboards has increased significantly. The integration of stand-up paddle boarding into the sporting industry has also provided opportunities for manufacturers and retailers to promote their products.
The international competitions have provided a platform for athletes to showcase their skills and for manufacturers to showcase their products. Manufacturers have been able to develop advanced and high-quality paddleboards that are optimized for racing and other competitive events. As a result, the sales of paddleboards have increased, and the sport has become an important element of the global sporting industry.
Moreover, the integration of stand-up paddle boarding into international sporting events has also provided an opportunity for the sport to reach new audiences. The competitions are broadcasted on television and social media platforms, allowing people from across the world to watch and learn about the sport. The exposure has led to an increase in the number of people interested in the sport, leading to an increase in sales of paddleboards.
In conclusion, the integration of stand-up paddle boarding into the international sporting industry has played a significant role in the growth and popularity of the sport. The competitions have provided a platform for athletes to showcase their skills and for manufacturers to promote their products. The increasing popularity of the sport has also led to an increase in the sales of paddleboards. The sport is becoming a vital foundation for the sales of stand-up paddleboards, and it is expected to continue to grow in popularity in the future.
Major Service Providers
- Ben Buckler Board
- Blue Planet Surf
- Funky Sup
- Dunn-Rite Products
- Hobie Cat Company
- Aquaspro Sports & Leisure Company Limited
- C4 Waterman
- Honu Stand Up Paddle Boards
- Imagine Nation Sports, LLC.
- Gili Sports