How much is the surfboard industry worth globally per year?
The global surfing equipment market size was estimated at USD 3.88 billion in 2020 and is expected to reach USD 3.97 billion in 2021.
|Market size value in 2021||USD 3.97 billion|
|Revenue forecast in 2028||USD 5.47 billion|
|Growth rate||CAGR of 4.4% from 2021 to 2028|
|Base year for estimation||2020|
What is surfing worth?
A 2017 study estimated the worldwide value of good surfing waves to be $50 billion per year. Surfing represents a very profitable market, a growing industry, and a reason people move to coastal areas. Surfing plays a major part in the recreation and tourism strategies for many coastal locations.
Is the surf industry growing?
Mr Curtain said he triple checked figures for May from stores across Australia showing sales of surfboards in the seven-to-nine-feet category skyrocketed by 3,665 per cent, compared with the same period last year. In June, the growth for that category returned to a more modest 116 per cent growth year on year.
Do pro surfers have agents?
In many ways, the fact that surfers have agents is not surprising—they are professional athletes, after all—but the agents provide a window into a bigger story about how the surf industry grew so rapidly as to outpace itself: Many companies are still loathe to work with surfers who have agents.
What percentage of surfers are male?
We find that surfers are male (90%), 34 years old, educated (62% have a Bachelor’s degree or above), and employed full-‐time earning $75,000 per year.
What is surfing industry?
The Surfing Industry has always been known as a rapidly changing and innovative industry. With Surfboard shapers working closely with surfers from around the world, experimentation, development and the use of new, innovative materials has always kept the surf industry evolving and growing.
How much surf wax is sold per year?
Today, about half of all surfers use wax only, while the rest use pads on the tail of the board and wax on the rest. An estimated 10 million bars of wax are made each year, with Wax Research, Sex Wax and the Australian-based Mrs. Palmers accounting for 90% of the market.
How big is the Surf Wax industry?
Industry estimates show that global revenue from the surfing industry is at $22 billion. In America alone, around $8 billion is generated from the sale of surfing lifestyle merchandise. One of the more established brands, Sticky Bumps, says that their surfing wax generates most of their company’s profit and revenues.