Bodyboard Market to grow at a CAGR of 5.25% during 2024-2028
The Bodyboard Market is expected to grow at a CAGR of 5.25% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 81.54 million. The bodyboard market experiences significant growth due to the ongoing advancements in bodyboard designs. Innovative materials, such as lightweight, durable foams and high-tech fabrics, are utilized to create bodyboards that deliver superior strength-to-weight ratios. These lighter boards enable increased speed and agility in the water. Tail and rail designs undergo continuous refinement to cater to varying wave conditions, allowing riders to tailor their experience based on skill level, wave type, and personal preferences. Accessory attachment points, including leashes, fins, and GoPro mounts, are also incorporated into the design for enhanced functionality.
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Technavio analysts predict that the Offline subsegment will lead the Distribution Channel segment during 2024 and 2028 Offline distribution channels, specifically brick-and-mortar stores, contribute substantially to the expansion of the global bodyboard market. These channels offer consumers a tangible and interactive experience, enabling them to assess the texture, build quality, and suitability of bodyboards prior to purchase. Expert staff in water sports, including bodyboarding, are often employed in these stores, providing customers with valuable advice based on their skill level, body type, and local wave conditions. The combination of tactile engagement and professional guidance significantly influences purchasing decisions, thereby driving market growth.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish population growth and increased adoption of water sports
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Bodyboarding is a resilient and exciting athletic endeavor that allows individuals of all ages and proficiency levels to maneuver and ride the waves in a prone position. The key to a great bodyboarding experience lies in the strength and high-performance capabilities of the bodyboard itself. Bodyboards are typically made from buoyant and flexible foam materials, such as polyethylene foam, which provides the necessary buoyancy for forward movement and the flexibility for effective maneuvers. The core of a high-quality bodyboard is usually a durable polyethylene core (PE), ensuring longevity and reliability. Bodyboards are essential aquatic gear for both leisure pursuits and competitive bodyboarding, with some riders even aiming for the Olympics. Rental services are widely available for those new to the sport, while the surfing industry caters to customers with a range of bodyboards suitable for various rider physiques and wave conditions. Fins are an essential accessory for bodyboarding, enhancing maneuverability and stability in the water. Whether you're surfing small waves or tackling the biggest sets, a well-designed bodyboard can make all the difference in your bodyboarding experience.
According to Technavio, the bodyboard market is a segment of the larger global leisure products market, which in turn is part of the household durables market. The household durables market encompasses various product categories, including sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games. The global household durables market size is determined by the consolidated revenue generated by manufacturers of household durables, comprising consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. The growth of the global leisure products market is anticipated to be fueled by the surge in health and fitness club memberships, which have seen a significant uptick over the past decade.
The Bodyboard Market is experiencing significant growth, fueled by the population growth and increased adoption of water sports. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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