Tag Archives: Stand Up Paddle Board Market

Stand Up Paddle Board Industry Revenue, Market Share, Price and Forecast 2019-2024

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Stand Up Paddle Board Industry studies offshoots of surfing that originated in Hawaii. Unlike traditional surfing where the rider sits until a wave comes, stand up paddle boarders stand on their boards and use a paddle to propel themselves through the water.

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The sales revenue of Stand Up Paddle Board is about 105088 K USD in 2016. Stand Up Paddle Board used For Surf, For Allround, For Flatwater or Touring and For Racing. Report data showed that 22.39% of the Stand Up Paddle Board market demand For Surf, 37.46% For Allround, and 20.35% For Flatwater or Touring, 13.13% for Racing in 2016.

Stand Up Paddle Board Market Poised to Register 11.9% CAGR through 2018 to 2028

Prospects of stand up paddle (SUP) board market continue to remain bullish, as surging interest in outdoor recreational activities, coupled with wider availability of SUP boards induce momentum, finds a new study. Stand up paddle board sales are also positively influenced by growing popularity of water sports, with Fact.MR’s recent analytical study forecasting an 11.9% value CAGR through 2028.

The surge in SUP boarding’s popularity has encouraged vendors in introducing new stand up paddle boards that impart better experiences. Development of multi-purpose or multi-functional SUP boards, which perform well in different environments, is a key focus area of prominent market vendors. Convergence of key factors such as rising number of stand up paddle rental centers with well-experienced and licensed instructors, and product availability via various networks, has been favoring well for the market’s growth.