Product Code: ETC232944 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The India surfboard market import shipment demonstrated a modest growth trend with a CAGR of 2.0% from 2020 to 2024. However, there was a notable decline in growth rate between 2023 and 2024, indicating a slowdown in market expansion. Overall, the market's momentum tapered off towards the end of the period, suggesting a stabilization phase.
The surfboard market in India is emerging as a niche yet promising segment of the sports and recreation industry. With a vast coastline and an increasing interest in water sports, India offers favorable conditions for surfboard enthusiasts. Surfing, in particular, has gained popularity in coastal regions, attracting a new wave of surfers and water sports enthusiasts. The surfboard market caters to a discerning clientele seeking quality boards and accessories, and it is poised for growth as India water sports culture continues to develop.
The India surfboard market is growing due to the country`s expanding interest in water sports and coastal tourism. India long coastline, with its numerous beautiful beaches, offers significant potential for surfing activities. The market is driven by the rise in surf tourism, the availability of surf schools, and increased participation in the sport by both locals and tourists. As people seek adventure and water-based recreational activities, surfboards have gained popularity. Moreover, the promotion of coastal regions and water sports by the government and travel industry has contributed to the market`s expansion. Surfboard technology, including the development of durable and high-performance boards, plays a role in attracting surf enthusiasts and boosting the market further.
The India surfboard market faces several challenges, primarily due to limited awareness and a niche customer base. Surfing as a sport is still relatively underdeveloped, and there is a lack of infrastructure and access to suitable surf spots along the India coastline. Additionally, the market is highly dependent on imports for quality surfboards, resulting in price fluctuations due to exchange rate variations and high shipping costs. The absence of a well-established manufacturing base and skilled labor force adds to the challenges. Furthermore, environmental concerns and sustainability issues related to the use of traditional surfboard materials, such as polyurethane foam and epoxy resins, are becoming increasingly important in the market.
The surfboard market faced challenges as travel restrictions limited tourism and surfing activities. This led to a drop in demand for surfboards during the pandemic. However, as travel restrictions eased, the market showed signs of recovery.
In the India Surfboard market, key players such as Decathlon, NRS, BIC Sport, and Firewire Surfboards offer a wide variety of surfboards and related equipment. These companies are instrumental in providing surf enthusiasts with options that suit different skill levels and preferences, promoting the sport of surfing in India and contributing to its growth and popularity.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Surfboard Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Surfboard Market Revenues & Volume, 2021 & 2031F |
3.3 India Surfboard Market - Industry Life Cycle |
3.4 India Surfboard Market - Porter's Five Forces |
3.5 India Surfboard Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Surfboard Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.7 India Surfboard Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 India Surfboard Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Surfboard Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing interest in water sports and outdoor activities in India |
4.2.2 Rising disposable income and changing lifestyles of consumers |
4.2.3 Growing awareness about health and fitness leading to demand for recreational activities like surfing |
4.2.4 Government initiatives promoting tourism and sports activities |
4.2.5 Influence of social media and celebrities in popularizing surfing culture |
4.3 Market Restraints |
4.3.1 High import duties and taxes on surfboards affecting affordability |
4.3.2 Limited availability of surfing infrastructure and facilities in India |
4.3.3 Lack of skilled trainers and instructors for surfing |
4.3.4 Seasonal nature of surfing leading to fluctuations in demand |
4.3.5 Environmental concerns related to plastic pollution and sustainability of surfboard materials |
5 India Surfboard Market Trends |
6 India Surfboard Market, By Types |
6.1 India Surfboard Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Surfboard Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 India Surfboard Market Revenues & Volume, By Shortboards, 2021-2031F |
6.1.4 India Surfboard Market Revenues & Volume, By Longboards, 2021-2031F |
6.1.5 India Surfboard Market Revenues & Volume, By Fish Boards, 2021-2031F |
6.1.6 India Surfboard Market Revenues & Volume, By Gun Boards, 2021-2031F |
6.1.7 India Surfboard Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Surfboard Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 India Surfboard Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.2.3 India Surfboard Market Revenues & Volume, By Balsa Wood, 2021-2031F |
6.2.4 India Surfboard Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Surfboard Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 India Surfboard Market Revenues & Volume, By Online, 2021-2031F |
6.3.3 India Surfboard Market Revenues & Volume, By Offline, 2021-2031F |
6.4 India Surfboard Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 India Surfboard Market Revenues & Volume, By Recreational, 2021-2031F |
6.4.3 India Surfboard Market Revenues & Volume, By Professional, 2021-2031F |
7 India Surfboard Market Import-Export Trade Statistics |
7.1 India Surfboard Market Export to Major Countries |
7.2 India Surfboard Market Imports from Major Countries |
8 India Surfboard Market Key Performance Indicators |
8.1 Number of surfing events and competitions held in India |
8.2 Growth in the number of surfing schools and training centers |
8.3 Participation rates in surfing activities among different age groups |
8.4 Adoption of eco-friendly surfboard materials and manufacturing practices |
8.5 Increase in the number of surfboard manufacturers and brands in India |
9 India Surfboard Market - Opportunity Assessment |
9.1 India Surfboard Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Surfboard Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.3 India Surfboard Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 India Surfboard Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Surfboard Market - Competitive Landscape |
10.1 India Surfboard Market Revenue Share, By Companies, 2024 |
10.2 India Surfboard Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |