A recent report published by Infinium global research on the
surfing apparel and accessories market provides an in-depth analysis of segments
and sub-segments in the global as well as regional surfing apparel and
accessories market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional surfing apparel and
accessories market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecasts, and dollar values of the global
surfing apparel and accessories market. According to the report, the global
surfing apparel and accessories market is projected to grow at a CAGR of 6%
over the forecast period of 2022-2028.
Market Insight
The revenue of the surfing apparel and accessories market in 2021 was approximately USD 1
billion which is expected to reach around USD 2 billion by 2028 growing with
a CAGR of approx. 6%. Surfing is an adventure sport that is gaining popularity
among millennials who are fascinated by adventure sports. In surfing the surfer
generally uses a board to ride on the forward section of a moving wave. The
wave usually carries the surfer towards the shore. Its Aspirational and leisure
activity for those who love wearing outfits that associate themselves with the
freedom of enjoying the beach and wave riding. Its popularity has a huge
influence on driving the growth of the surfing apparel and accessories market.
The love and passion for surfing are growing adventure-related activities. Some
of the different types of appeal and accessories are wet shorts, board shorts,
pro water surf boots, and surfboards allowing easy mobility for the surfers.
also, flip-flops and polarized sunglasses are important.
Due to the coronavirus pandemic, many industries were closed.
During the covid-19 pandemic situation, the whole world was compelled to stay
at home as there were lockdowns all over the world. One of the worst affected
industries was the travel and tourism industry due to resulting travel
restrictions and slump in demand among travelers. Additionally, the covid19 had
severely affected the surfing apparel and accessories industry as all the
beaches were closed which resulted in the declination in sales of the surfing
apparel and accessories market. The world of sports, including surfing,
entered extreme and uncharted territory, in which all competitions were
postponed and many beaches were closed, preventing any kind of surfing
activity.
The major factor driving the growth of the global surfing
apparel and accessories market is the rising popularity of water and adventure sports across
the globe among millennials. The increasing adoption of adventurous sports by
the millennials such as surfing because of its several health benefits is also
driving the market. Consumers with a lot of disposable income want to acquire
things regardless of the price. The features, functionality, and comfortability,
on the other hand, are key concerns. These are some of the factors driving the
growth of the market. Businesses are implementing strategic marketing programs
in order to grow their consumer base and increase sales. Also, the popularity
of surf camps and surf schools provides a taste of the surfing lifestyle. This
involves social gatherings, which are directly involved in uplifting the
surfing apparel and accessories market. The rising number of skin allergies and
rashes due to the ordinary wet suits and shorts used for surfing has posed
challenges to the surfing apparel and accessories market.
The segmentation of the surfing apparel and accessories market
on the basis of regions is North America, Europe, Asia Pacific, Middle East,
and Africa. The global surfing apparel and accessories market is dominated by
North America. The popularity of water sports in North America is so huge
because of its lengthy beaches, making it perfect for surfing, which in turn
attracts more customers. The surfing apparel category held a considerable share
of the North American regional market and the trend is likely to continue
during the forecast period. However, New Zealand and Australia are among the
most popular destinations for surfing across the globe. This is projected to
attract a large group of consumers to perform surfing, thereby, driving the
market for surfing apparel and accessories.

Segment Covered
The report on the global surfing apparel and accessories market
covers segments such as product type and distribution channel. On the basis of
product type, the sub-markets include surf apparel and surf accessories. On
the basis of distribution channels, the sub-markets include offline retail and
online retail.
Companies Profiled:
The report provides profiles of the companies in the market such
as Billabong, Hurley, Inc., O’Neill, RVCA, Volcom, LLC, GLOBE INTERNATIONAL
LIMITED, REEF, Roxy, Inc., and Curl. Ltd., and Quiksilver, Inc.
Report Highlights:
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors driving and restraining this market's growth. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the surfing
apparel and accessories market. Moreover, the study highlights current market
trends and provides forecasts for 2022-2028. We also have highlighted future trends
in the market that will affect the demand during the forecast period. Moreover,
the competitive analysis given in each regional market brings an insight into
the market share of the leading players.