Stand-up Paddleboard Market to grow by $108.21 Million from 2021 to 2025 |Technavio

NEW YORK, Oct. 5, 2021 /PRNewswire/ — The stand-up paddleboard market is expected to grow by $108.21 million from 2021 to 2025 period. The growth momentum of the market is expected to accelerate at a CAGR of 6%. 

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The growing adoption of surfing in adventure tourism is one of the major factors propelling the market growth. However, factors such as competition from low-cost vendors will hamper the market growth.

Stand-up Paddleboard Market: Product Landscape

The stand-up paddleboard market has been segmented by product into the following segments:-

  • Inflatables
  • Hardboards

Stand-up Paddleboard Market: Distribution Channel Landscape

By distribution channel, the market has been segmented into the following:-

  • Sports goods retailers
  • Department stores
  • Online retailers

Stand-up Paddleboard Market: Geographic Landscape

By geography, the market has been segmented into:-

  • North America
  • Europe
  • APAC
  • South America
  • MEA

North America is going to have lucrative growth during the forecast period. About 38% of the market’s overall growth is expected to originate from North America.

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Companies Covered:

  • 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

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Stand-up Paddleboard Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

$ 108.21 million

Market structure

Fragmented

YoY growth (%)

5.09

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 38%

Key consumer countries

US, France, Canada, Germany, and Australia

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio

Stand-up Paddleboard Market to grow by $108.21 Million from 2021 to 2025 |Technavio WeeklyReviewer

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