Touring SUP Market Type (Solid SUP Boards, Inflatable SUP Boards) Material used (Fiberglass, Wood, Foam, Others ) Distribution channels (Offline, Online ) Industry Vertical (Consumer goods, Surfing equipment industry, Others) : Global Opportunity Analysis and Industry Forecast, 2020-2027
A09427 | Pages: NA | Jan 2021 | 150 Views | | |
Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Touring Sup Market
Request Now !The global touring stand-up paddle (SUP) market is experiencing a significant growth, and is anticipated to grow considerably in the next few years. Touring SUP is a touring stand-up paddle board, generally pointed at the ends specifically designed for more fast-paced and longer flat-water paddles. Surfing is a growing water sport that is gaining popularity across many regions as a recreational activity. Touring SUPs are different from traditional surfing boards, entailing a stream of consistently growing demand. Surfing enthusiasts stand on these stand-up paddle boards and use a paddle to propel themselves through the water, unlike conventional surfing where riders had to wait until a wave comes. Considerable transitions in surfing equipment is expected to foster the market growth during the forecast period.
Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2020–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast units |  Value ($U.S.) |
 Segments covered |  Type, Material used, Distribution Channel, and Region |
 Regions covered | North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA) |
 Companies covered | SUP ATX, Boardworks, Rave Sports Inc., EXOCETORIGINAL, BIC Sport, NRS, Tower Paddle Boards, Laird StandUp, SlingShot, C4 Waterman, Airhead, Naish Surfing, un Dolphin, RED Paddle, Coreban, F-one SUP, Clear Blue Hawaii, Sea Eagle, Hobie. |
Â
COVID-19 Scenario Analysis:
Production shutdown scenario
Production and manufacturing operations for touring stand-up paddle boards have been ceased, owing to implications of COVID-19. This declined production rate, which, in turn, hampersthe global revenue for the industry.
Decline in demand
COVID-19 has led to lockdown situations, which prevails across most regions. This, in turn, has prohibited external visits for surfing and similar outdoor recreational activities, which has led to decline in the market growth.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Surfing is observed as the fastest growing water sport from past few years and is significantly driving the global demand for touring SUP. Owing to modifications in design that has led to better applications of the product, touring SUP has become a global hit in the mainstream market. In alignment with constantly changing market dynamics, leading market players are incessantly offering diversification in products as well as channels of distribution to cater to demands of customers and ease supply of products. Rise in disposable income and growth in customer inclination toward board surfing propels growth of the transitional touring SUP market.
The global touring SUP market trends are as follows:
New product launches to flourish the market
Growth in number of surfing activities has brought asurge in demand for touring stand-up paddle boards. Notable differences that makes SUPs a preferable option for customers is its compatibility to surf through water by making way with pointed edges and constant paddles. This brings excitement and a spirit of thrill among surfers that makes it a market highlight.
The leading market players offer different kinds of surfing boards such as solid, hard boards and inflatable SUP boards. Hard boards are made up of fiberglass and wood, which makes it difficult to store them, owing to their rigidity, however, inflatable SUP boards come with foam that provide flexibility of folding and fitting into compact spaces. These distinctive product appeals satisfy diverse customer requirements, and, in turn, boost the growth.
Diversification of distribution channels
Distribution channels play a prominent part in sales and distribution of any product. To make a product available to customers at their convenience, leading market players have been emphasizing on broadening and diversifying their distribution channels.
Touring SUPs are available on offline and online platforms. Offline channels comprise hypermarkets and specialty stores that deal with distribution of sports and related equipment. Online distribution channel cover a reach across masses through digital medium, either by websites or smart phone applications. Hence, broadening of distribution channels assists the global market in growth.
Key Segments Covered:
Segments | Sub segments |
 Type |
|
 Material used |
|
 Distribution channels |
|
 Industry Vertical |
|
Â
Key Benefits of the Report:
- This study presents the analytical depiction of the global touring SUP industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global touring SUP market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global touring SUP market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global touring SUP market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Touring SUP Market Research Report:
- Who are the leading market players active in the touring SUP market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the touring SUP market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
Access from any device, anywhere
Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.
REQUEST TOC/SAMPLE
Purchase Full Report of
Touring SUP Market
- Online Only
-
$3,456$3,110 - Online cloud access only
- Restricted print, copy, paste & download
- Read only
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Data Pack
-
$3,840$3,456 - Restricted to one authorized user
- One print only
- Available in
Excel - Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Single User
-
$5,769$5,192 - Restricted to one authorized user
- One print only
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Five Users
-
$6,450$5,805 - Limited to five authorized users
- Print upto five copies
- Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
-
Enterprise
License/PDF -
$8,995$8,096 - Unlimited
within
company/enterprise - Available in Excel & PDF
- Free quarterly industry update
- Free report update (Within 180 days)
- Subscription model sign in
10%
Discount
- Library Membership
- $ 699/mo
- Published Content
E-access - Company Profiles
E-access - Newly Added Content Access
- 10 PDF
Downloads - 5 Excel Data
Pack Downloads - 250 Company Profiles PDF Downloads
-
Start reading.
Buy Now
This title and over 12,000+ are available on the Avenue Library. T&C*.
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers
Featured Reports
Get fresh content delivered
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Why Allied Market Research?
Infallible Methodology
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
Analyst Support
For complete satisfaction
Customization
On-demand customization of scope of the report to exactly meet your needs
TARGETED MARKET VIEW
Targeted market view to provide pertinent information and save time of readers