| Product Code: ETC8852715 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines surface water sports equipment import market experienced a surge in 2024, with top exporting countries including Canada, China, USA, Italy, and Estonia. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The impressive compound annual growth rate (CAGR) of 55.81% from 2020 to 2024 highlights the rapid expansion of the market. Additionally, the remarkable growth rate of 152.58% from 2023 to 2024 suggests a significant acceleration in import shipments, showcasing a strong demand for surface water sports equipment in the Philippines.

Beyond surfing, the broader surface water sports equipment market includes gear for kayaking, paddleboarding, and water skiing. Rising interest in recreational water sports, combined with the Philippines extensive coastline, is driving market expansion. Equipment rental businesses also contribute to growing demand.
The surface water sports equipment market is expanding in response to rising tourism, adventure sports participation, and lifestyle trends among younger demographics. Equipment such as paddleboards, jet skis, and kayaks is increasingly sought after by resorts and recreational centers. The market is seeing growth in rentals and second-hand equipment sales, especially during peak travel seasons.
Surface water sports equipment faces low year-round demand due to the seasonal nature of tourism. Limited local manufacturing capacity and high import tariffs raise costs. Additionally, weak promotional efforts around water sports and poor access to training facilities further dampen demand in the domestic market.
With the Philippines` diverse water bodies, the demand for surface water sports equipment such as kayaks, paddleboards, and jet skis is on the rise. As water-based activities become more popular among both locals and tourists, there is considerable investment potential for businesses offering equipment sales, rentals, and tours. Investing in water sports-related infrastructure and experiences can yield profitable returns as the market continues to grow in popularity.
The government of the Philippines has introduced policies aimed at promoting sustainable practices within the surface water sports equipment market. Regulations encourage the use of eco-friendly materials in the manufacturing of products like kayaks, paddleboards, and other water sports equipment. The government is also working to reduce the environmental impact of water sports tourism, focusing on waste management, eco-friendly manufacturing, and the protection of marine ecosystems.