Surfboard Market- China
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 4.80% (2024-2032)
The increasing popularity of surfing as a recreational activity and competitive sport is propelling the market growth. According to the latest report by IMARC Group, the China surfboard market size is projected to exhibit a growth rate (CAGR) of 4.80% during 2024-2032.
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China Surfboard Industry Trends and Drivers:
Surfing Market Growth in China: Key Factors
- Increasing Popularity of Surfing: Surfing is becoming a popular recreational activity and competitive sport in China, particularly in coastal regions like Hainan and Guangdong provinces. This rise in popularity is contributing to the market's growth.
- Health-Conscious Consumers: Chinese individuals are increasingly health-conscious and seeking outdoor activities for leisure, with surfing gaining traction as a preferred choice.
- Influence of Social Media and Competitions: The growing influence of social media, coupled with numerous international surf competitions, is boosting the popularity of surfing and driving market growth in China.
- Demand for Premium Equipment: There is a rising demand for high-quality and customized surfboards as people are willing to spend on premium recreational equipment. This caters to both beginners and professional surfers who prioritize performance and durability.
- Tourism's Role in Market Growth: Tourism is playing a crucial role in the surfboard market's expansion in China. Coastal cities and tourist destinations are investing in infrastructure to attract both domestic and international tourists, with surfing promoted as a key attraction.
- Surf Schools and Rental Services: The increasing prevalence of surf schools and rental services is making the sport more accessible to novices and travelers, which in turn is boosting surfboard sales and rentals.
- Government Initiatives: Governing agencies in China are actively encouraging sports and outdoor activities. They are undertaking initiatives to enhance marine tourism and water sports, which is strengthening the market growth.
- Development of Coastal Areas: The focus on improving coastal areas and promoting water sports has led to the establishment of surf clubs, further fueling the market's expansion.
- Presence of Surfboard Manufacturers: The presence of both local and international surfboard manufacturers in China is making surfboards more readily available and affordable. Domestic production reduces costs and improves supply chains, while international brands introduce advanced technologies and designs to the market.
- Collaborations and Innovation: Collaborations between local artisans and global surfboard companies are resulting in innovative products that cater to diverse consumer preferences.
- Distribution Channels: The wide availability of surfboards through various distribution channels, including online and offline stores, is supporting the market's growth in China.
We explore the factors driving the growth of the market, including technological advancements, consumer behaviors, and regulatory changes, along with emerging China surfboard market trends.
China Surfboard Industry Segmentation:
The report has segmented the market into the following categories:
Product Type Insights:
- Shortboards
- Longboards
- Others
Material Type Insights:
- Polyurethane
- Balsa Wood
- Others
Distribution Channel Insights:
- Online
- Offline
Application Insights:
- Recreational
- Professional
Region Insights:
- North China
- East China
- South Central China
- Southwest China
- Northwest China
- Northeast China
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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