Report forecast the global stand-up paddle board market to
grow at a CAGR of 15.05% during the period 2016-2020.
The soft adventure sporting goods market, especially SUP
board, holds great growth potential globally. It is mainly driven by the
growing interest of consumers in outdoor recreational activities and the
availability of a wide range of SUP boards. In addition, the tourism industry
has also encapsulated water sports among the various activities available for
domestic and international tourists.
The report covers the present scenario and the growth
prospects of the global stand-up paddle board market for 2016-2020. To
calculate the market size, the report considers the revenue generated from the
retail sales of SUP boards and accessories to individual consumers.
The market is divided into the following segments based
on geography:
- Americas
- Europe
- ROW
According to the report, increased consumers' preference for
nature-based outdoor adventures can lead to the demand for water sporting
equipment. The increased interest in recreational water sports is expected to
be a key driver of the global SUP board market during the forecast period.
Along with traditional water sporting activities, the youth today is
participating and showing a budding interest in many novel water sports
activities, including SUP boarding.
Further, the report states that SUP boards are relatively
high priced, and this associated price with SUP boarding tends to restrict the
potential market growth, especially among people engaging in paddle boarding
casually. The average cost of quality SUP boards is more than $2,050. This high
cost of SUP boards offered by global vendors results in a significant challenge
to the renowned global vendors. This is because many people do not purchase
such high-priced paddle boards and only prefer renting them.
Global Stand-Up Paddle Board Market 2016-2020, has
been prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market.
key players in the global stand-up paddle board market: BIC
Sport, Naish, Red Paddle, Starboard, and Tower.
Other Prominent Vendors in the market are: AIRHEAD SUP, Aqua
Marina, Imagine Paddle Surf Co., RAVE Sports, Solstice Sports, and Surftech.
Market driver
- Increased adoption of SUP boards
- For a full, detailed list, view our report
Market challenge
- Preference for rentals due to high costs of SUP boards
- For a full, detailed list, view our report
Market trend
- Availability of I-SUPs
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 60 pages and 30 Exhibits “Global
Stand Up Paddle Board Market 2016 - 2020” report covers Executive summary, Scope
of the report, Market research methodology, Introduction, Market landscape, Market
segmentation by product type, Market segmentation by distribution channel,
Geographical segmentation, Market drivers, Impact of drivers, Market
challenges, Impact of drivers and challenges, Market trends, Vendor landscape,
Appendix.
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more information Visit at: http://mrr.cm/3Eo
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