The Worldwide Stand Up Paddleboard Industry is Expected to Reach $551 Million by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Stand Up Paddleboard Market Research Report by Product (Inflatable SUP Boards and Solid SUP Boards), Applications, Distribution Channel, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Stand Up Paddleboard Market size was estimated at USD 336.99 million in 2021, USD 364.96 million in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 8.55% to reach USD 551.47 million by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Stand Up Paddleboard Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Stand Up Paddleboard Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Stand Up Paddleboard Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Stand Up Paddleboard Market?

4. What is the competitive strategic window for opportunities in the Global Stand Up Paddleboard Market?

5. What are the technology trends and regulatory frameworks in the Global Stand Up Paddleboard Market?

6. What is the market share of the leading vendors in the Global Stand Up Paddleboard Market?

7. What modes and strategic moves are considered suitable for entering the Global Stand Up Paddleboard Market?

Market Dynamics

Drivers

• Increasing number of surfing contests
• Rising inclination toward surfing in adventure tourism
• Increasing use of Stand Up Paddleboard for yoga and leisure activities

Restraints

• High cost associated with stand Up paddleboard

Opportunities

• Increasing investments in boosting recreational activities
• Growing alternative distribution and sales channels

Challenges

• Vulnerable to environmental and economic impact

Companies Mentioned

• Advanced Elements
• Airhead Sports Group
• BIC Sport
• BIC Sport Stand Up Paddle
• Boardworks Ltd
• Cascadia Board Co.
• Cichanowski
• Imagine Surf
• iROCKER Paddle Boards
• Jimmy Lewis
• Lakeshore Paddleboard Company
• Lifetime
• Naish
• NSP
• Pau Hana
• Pelican International
• RAVE
• Red Paddle Co
• Riviera
• SUP ATX LLC
• Tahe Outdoors France SASU
• Tower Paddle Boards, LLC
• YOLO Board

For more information about this report visit https://www.researchandmarkets.com/r/21exlk