Stand-up Paddleboard Market Application and News 2024

1. Downloaded from: justpaste.it/3idj1 Stand-up Paddleboard Market by Product, Forecast and Research 2024 The stand-up paddleboard market size has the potential to grow by USD 58.99 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Get FREE Sample of the Report: https://www.technavio.com/talk-to-us? report=IRTNTR44399&type=sample&src=report This report provides a detailed analysis of the market by product (inflatables and hardboards), distribution channel (sports goods retailers, department stores, and online retailers), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape. It offers information on several market vendors, including Airhead Sports Group, BIC Sport, Boardworks Surf & Sup., Cascadia Board Co., LAIRDSTANDUP, Red Paddle Co., Starboard, SUP ATX LLC, Tower, and Wenonah Canoe. Who are the Major Stand-up Paddleboard Vendors? The SUP market is fragmented. The market has several large and small brands along with numerous private-label vendors. As most of these vendors supply generic SUP products and compete mainly on pricing, there is intense competition in the industry. Airhead Sports Group, BIC Sport, and Boardworks Surf & Sup. are some of the major market participants. Although the growing use of SUP for yoga and other leisure activities will offer immense growth opportunities, the high costs coupled with increasing preference for rental SUPs will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. To help clients improve their market position, this stand-up paddleboard market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this stand-up paddleboard market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. How will the Adoption of SUP Boards in Training Facilities Influence Stand-up Paddleboard Market Growth? Many training facilities and instructors across the US and European countries are offering SUP for yoga classes as it creates a relaxing environment while exercising and does not have a steep learning curve or extensive training regimen to maintain balance on SUPs. The purchase volume of SUPs is high as they serve as multi-purpose alternatives for canoes, kayaks, and fishing boats. Practicing yoga on SUPs improves core strength and leg strength, which is inspiring manufacturers to introduce SUP boards with broader bases and expansive deck pads dedicated to yoga and exercises.

2. Manufacturers are also adopting innovative technologies and using novel materials to introduce new SUP product ranges and premium purpose-oriented SUPs. For instance, SUPs ideal for racing are light in weight and offer high- performance. Market players are also launching SUPs with attachment fixtures for GPS units, action cameras, and other gear. The innovations in SUPs will drive the stand-up paddleboard market growth at a CAGR of almost 4% during the forecast period. What are the Key Factors Covered in this Stand-up Paddleboard Market Report? CAGR of the market during the forecast period 2020-2024 Detailed information on factors that will drive stand-up paddleboard market growth during the next five years Precise estimation of the stand-up paddleboard market size and its contribution to the parent market Accurate predictions on upcoming trends and changes in consumer behavior The growth of the stand-up paddleboard industry across APAC, Europe, MEA, North America, and South America A thorough analysis of the market’s competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of stand-up paddleboard market vendors