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Upcoming Allied Market Research
2021
Wave Windsurf Boards Market

Wave Windsurf Boards Market by Type (3-batten, 4-batten, 5-batten, Others) Application (For Beginners, For Professionals) Price Range (Economy, Mid-Range, Premium, Super-Premium) Distribution Channel (Sports Stores, Franchised Stores, Specialty Stores, Online): Global Opportunity Analysis and Industry Forecast, 2021–2027

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Dec 2021 | 958 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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A perfect blend of sailing and surfing, windsurfing has emerged as one of the most popular and fast-growing watersports in the world. As windsurfing aficionados from around the globe continue to seek challenges by freestyling through big waves, proper windsurfing equipment becomes the sole means of their safety. Rapidly-changing currents of sea-waves further boost the importance of having appropriate windsurfing equipment. From boards to sails, manufacturers of windsurfing equipment continue to remodel their offerings by testing new designs that improve the dynamic performance of windsurfers across multiple conditions. However, notable characteristics of windsurfing equipment, which include a long product life cycle, low replacement rate and improved sturdiness, are becoming the leading causesfor the moderate growth of the global wave windsurf boards market.

Wave Windsurf Boards

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 (USD)

  Segments covered

  Type, Application, Price Range, and Distribution Channel

  Geographies covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

Societe BIC S.A, Ricci International Srl, TABOU SURFBOARDS, Kona Windsurfing Ab, Shriro Holdings Ltd., Kai Nalu Incorporated, Point 7 International Ltd., Drops Boards SAS, Mistral International B.V., and Witchcraft Windsurfing

 

COVID-19 scenario analysis:

  • Governments across the world are launching unprecedented economic stimulus packages to mitigate economic fallout and prevent a debt default, bankruptcy, and job losses.
  • The output has reduced heavily across a variety of industries and many have been closed completely due to the view that these businesses are non-essential.
  • COVID-19 has severely impacted the marine industry, the demand and revenue have drastically fallen as ships have been stranded and banned from entering ports.
  • The hindrance COVID-19 has created in the movement of cargo has raised concern on port and warehouse accumulation.
  • The economic impact will bring further negative pressures on firms and bring necessary budgetary pressures for investment and growth as well as cost-cutting.
  • Assessments for recovery vary across economic models, with outcomes depending largely on the duration of the outbreak and the effectiveness of the policy responses.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Some of the factors that boost the market growth include increase in marine tourism and the combination of sailing and surfing in windsurfing. Furthermore, innovation and integration of new sensors and technologies for the safety of the surfersare expected to offer lucrative opportunities for the marketgrowth during the forecast period.

The wave windsurf boards markettrends are as follows:

Increase in marine tourism

As maritime and coastal tourism faces an upward trajectory across the world, the demand for tourism is increasing due to increasing demand for water-based sports activities, long product life cycle, the low replacement rate of boards, and increased spending toward water adventure games. Moreover, the increase in demand has set new limits for manufacturers to work on owing to rise in demand.

Combination of sailing and surfing in windsurfing

By combining the elements of sailing and surfing, windsurfing has gained an identity as a surface watersport where the windsurfer navigates through high tides and low tides on an aquadynamic board. With a sail attached to the board, windsurfing boards are powered by wind moving over the sea surface. Moreover, each windsurfing equipment is defined by the wind conditions, the skill of the windsurfer, the type of windsurfing, and the weight of the windsurfer.Hence, more people are shifting towards it and the windsurf board market is expected to grow further during the forecast period.

Key segments covered:               

Segments

Sub-segments

  Type

  • 3-batten
  • 4-batten
  • 5-batten
  • Others

 Application

  • For Beginners
  • For Professionals

  Price Range

  • Economy
  • Mid-Range
  • Premium
  • Super-Premium

  Distribution Channel

  • Sport Stores
  • Franchised Stores
  • Specialty Stores
  • Online

 

Key benefits of the report:

  • This study presents the analytical depiction of the wave windsurf boards market 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 a detailed analysis of the wave windsurf boards market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the wave windsurf boards market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed wave windsurf boards market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the wave windsurf boards market research report:

  • What are the leading market players active in the wave windsurf boards market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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