Stand-up Paddleboard Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR44399

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The stand-up paddleboard market size will grow up to USD 108.21 million at a CAGR of 5.98% during 2021-2025.

This stand-up paddleboard market analysis report entails exhaustive statistical qualitative and quantitative data on product (inflatables and hardboards), distribution channel (sports goods retailers, department stores, and online retailers), and Geography (North America, Europe, APAC, South America, and MEA) and their contribution to the target market. View our sample report to gather market insights on the segmentations. Furthermore, with the latest key findings on the post COVID-19 impact on the market, available in this report, you can create successful business strategies to generate new sales opportunities.

What will the Stand-up Paddleboard Market Size be in 2021?

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Stand-up Paddleboard Market: Key Drivers and Trends

According to our research output, there has been a  impact on the market growth post COVID-19 era. Key drivers such as the growing adoption of surfing in adventure tourism are notably supporting the stand-up paddleboard market growth. However, one of the foremost factors impeding market growth is competition from low-cost vendors. Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This post-pandemic stand-up paddleboard market report has assessed the shift in consumer behavior and identified and explored the upcoming trends, drivers, and challenges that will have a far-reaching effect on the market growth. Understanding market trends is essential for identifying new business opportunities across segmentations and geographies.

Who are the Major Stand-up Paddleboard Market Vendors?

The stand-up paddleboard market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles covered in the report are as follows:

 

  • Airhead Sports Group
  • Boardworks Surf and Sup.
  • Cascadia Board Co.
  • LAIRDSTANDUP
  • Red Paddle Co.
  • Starboard
  • SUP ATX LLC
  • Tahe Outdoors France SASU
  • Tower
  • Wenonah Canoe

 

The stand-up paddleboard market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

Furthermore, to make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Buy the full stand-up paddleboard market statistics report to understand the magnitude of the economic impact on each segment and recovery expectations.

The key vendor profiles include information on their production, sustainability, and growth prospects. Download a free sample of the stand-up paddleboard market forecast report for insights on complete key vendor profiles.

Which are the Key Regions for Stand-up Paddleboard Market?

Stand-up-Paddleboard-Market-Market-Share-by-Region-2020-2025

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38% of the market’s growth will originate from North America during the forecast period. The US is the key market for stand-up paddleboard market in North America.

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Stand-up Paddleboard Market?

Stand-up-Paddleboard-Market-Market-Share-by-Product-2020-2025

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The stand-up paddleboard market share growth by the inflatables segment has been significant. The stand-up paddleboard market report provides comprehensive understanding of the subsegments of the target market to identify niche customer groups and demographic requirements. Furthermore, the report provides insights on the impact of COVID-19 on market segments, which can be used to deduce transformation patterns in consumer behavior in the coming years and improvise business plans.

This report provides thorough stand-up paddleboard market segment analysis that will help you gauge the existing competition, demographics, lucrative target customer groups, solutions to improve sales and services, and other crucial market intelligence data. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment and the growth of the stand-up paddleboard market size.

 

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What are the Key Factors Covered in this Stand-up Paddleboard Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive stand-up paddleboard market growth during the next five years
  • Precise estimation of the stand-up paddleboard market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the stand-up paddleboard market across North America, Europe, APAC, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of stand-up paddleboard market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The stand-up paddleboard market growth will increase by $58.99 million during 2019-2024.
The stand-up paddleboard market is expected to grow at a CAGR of 3.53% during 2019-2024.
Technavio has segmented the stand-up paddleboard market by product (Inflatables and Hardboards) ,distribution channel (Sports goods retailers, Department stores, and Online retailers) , and geographic (North America, Europe, APAC, South America, and MEA).
Airhead Sports Group, BIC Sport, Boardworks Surf & Sup., Cascadia Board Co., LAIRDSTANDUP, Red Paddle Co., Starboard, SUP ATX LLC, Tower, Wenonah Canoe are a few of the key vendors in the stand-up paddleboard market.
North America will register the highest growth rate of 34.01% among the other regions. Therefore, the stand-up paddleboard market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • France
  • Canada
  • Germany
  • Australia
The key factors driving the stand-up paddleboard market growth are:
  • Growing adoption of surfing in adventure tourism
  • Innovations in SUPs
The stand-up paddleboard market vendors should focus on grabbing business opportunities from the inflatables segment as it accounted for the largest market share in the base year.
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