Rockville, Maryland, USA, July 25, 2022 (GLOBE NEWSWIRE)-According to a newly released report global Body board market According to Fact.MR, it is worth US $ 255 million in 2022 and is projected to grow at a CAGR of 6.8% over the forecast period from 2022 to 2032.
High market growth varies through well-known organizations such as the International Surfing Association (ISA) promoting aqua sports at the world level, an increasing number of adaptive surfing events and tournaments, and well-known sports magazines. This is due to factors such as advertising the bodyboard type.
The expanding travel industry around the world is expected to increase interest in water sports throughout regions such as Europe and North America. Increased mechanical execution, such as product enhancements in terms of materials, makes the bodyboard lighter and improves the overall aerodynamics of the product.
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Players on the market are more focused on product design and materials so that surfers can better grip these boards. Companies are investing in research and development to enhance the aerodynamics of bodyboards, which can only be achieved with advanced manufacturing techniques (CAD / CAM). Rental services also play an important role in expanding the market foothold in this dynamic space of the water sports industry.
Why is bodyboarding so high in the US?
Traveling abroad plays a vital role in the US economy. In 2019, foreign tourists spent about US $ 233.5 billion and donated about US $ 640 million per day to the US economy.
People usually visit coastal areas to explore recreational activities, and bodyboard surfing is one of them. Bodyboards are usually preferred due to their compactness and portability, which occupy less space than surfboards.
US brands need to not only sell their non-core assets, but also invest in higher returns and value-added opportunities. Technological advances and consumer preferences can shape how the bodyboard market will grow during the forecast period. However, manufacturers are choosing new business models to diversify their product portfolio and remain competitive.
The US bodyboard market is expected to grow rapidly at a CAGR of 7.7% to reach US $ 177.4 million by 2032.
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Major segments covered by Body board Industry survey
- Bodyboard market by type:
- Traditional body board
- 30.1 inches to 35 inches
- 35.1 inches to 40 inches
- 40.1 inches to 45 inches
- 45 inches or more
- Tandem body board
- Traditional body board
- Buyer Bodyboarding Market:
- Recreation / enthusiasts
- Expert
- Bodyboard market by sales channel:
- Offline sales channel
- Modern trading
- Sporting goods store
- Surfing equipment store
- Water sports store
- Brand store
- Online sales channel
- Company website
- E-commerce platform
- Offline sales channel
Victory strategy
Prime makers are focusing on sustainable foam technology that increases the density and rigidity of bodyboards and makes them more efficient in terms of performance.
Size and material are other important factors that manufacturers should be aware of. PE (polyethylene) is the most common core widely used during the manufacture of bodyboards, especially in the colder waters of Europe and North America. Polyethylene is heavier than polypropylene, but has additional flex and provides supplemental control.
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Major players Body board market
- Agit Global
- ALDER SPORTSWEAR LTD
- AZTRON
- Body board headquarters
- BZ Pro Board
- Catch surf USA
- Core body board
- ES water sports
- Durable shape
- Hubboard
Important points from Body board Market research
- By type, traditional bodyboarding is projected to offer an absolute opportunity of US $ 133.4 million over the forecast period (2022-2032).
- Tandem bodyboards are expected to have a market share of 44.7% by 2032, with demand surged at a CAGR of 7.4% during the forecast period.
- Cross-regional recreational use is expected to increase to US $ 331 million in market value by 2032, according to buyers.
- North America is projected to account for approximately 40.9% of the global bodyboard market share by 2032.
- Europe will offer an absolute $ 74.7 million opportunity by the end of 2032 and is expected to progress at a high CAGR of 7.1% between 2022 and 2032.
About Fact.MR’s Sports Division
Fact.MR’s experienced sports team expert analysis, actionable insights, and strategic recommendations help clients around the world have their own business intelligence needs. With over 1,000 reports and a repertoire of over 1 million data points, the team has analyzed the sports industry in more than 50 countries for over a decade. The team provides unmatched end-to-end research and consulting services.
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