Product Code: ETC232949 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Philippines Surfboard Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 14.55% in 2028, following an initial rate of 9.20%, before easing to 13.45% at the end of the period.
Philippines's Surfboard market is anticipated to experience a high growth rate of 13.54% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.
The swing market outlook in the Philippines shows that it will continue its steady growth trajectory due to increased urbanization and consumer focus on leisure items such as swingsets for their gardens or yards. The total value of sales for swings is expected reach US$17 million with a compound annual growth rate (CAGR) of 7%. Swings are becoming increasingly popular due to their versatility making them suitable gifts for children ages 3 ? 12 who want outdoor playtime options away from digital screens or video games indoors leading families? preference towards swings rather than trampolines or slides when purchasing outdoor recreational products.
The Philippines swing market is poised for growth as outdoor recreational activities gain popularity among families and communities. Swings, often associated with leisure and relaxation, are sought after for parks, gardens, and residential spaces. The trend towards creating outdoor gathering spaces and the desire for leisurely pursuits contribute to the positive outlook for the swing market.
In the swing market, challenges include seasonal demand fluctuations, safety concerns, and the need for durable and weather-resistant materials. Additionally, swings are often considered as traditional play equipment, and capturing the attention of modern children who are exposed to digital entertainment can be challenging. Creating innovative and engaging designs while addressing safety concerns is crucial for sustained growth.
The Philippines swing market witnessed a temporary setback as the pandemic led to the closure of public parks, recreational areas, and playgrounds. This impacted the demand for outdoor play equipment, including swings. However, with the gradual reopening of recreational spaces, the market is projected to recover. Families, schools, and public spaces will drive demand for swings, and manufacturers may focus on safety features and creative designs to attract consumers.
The swing market in the Philippines caters to both children and adults seeking outdoor recreational activities. Key players in this market include WillyGoat, Playtime, CedarWorks, and local brands like Kreative Swing. These companies provide a range of swings, from traditional designs to innovative options, ensuring entertainment and relaxation for individuals and families alike.
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 Philippines Surfboard Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Surfboard Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Surfboard Market - Industry Life Cycle |
3.4 Philippines Surfboard Market - Porter's Five Forces |
3.5 Philippines Surfboard Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Philippines Surfboard Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.7 Philippines Surfboard Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.8 Philippines Surfboard Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Surfboard Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing interest in water sports activities in the Philippines |
4.2.2 Increasing disposable income and spending on recreational activities |
4.2.3 Rise in tourism and surf tourism in particular |
4.3 Market Restraints |
4.3.1 High import tariffs on surfboards impacting affordability |
4.3.2 Limited availability of quality surfboard manufacturing materials locally |
5 Philippines Surfboard Market Trends |
6 Philippines Surfboard Market, By Types |
6.1 Philippines Surfboard Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Surfboard Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Philippines Surfboard Market Revenues & Volume, By Shortboards, 2021-2031F |
6.1.4 Philippines Surfboard Market Revenues & Volume, By Longboards, 2021-2031F |
6.1.5 Philippines Surfboard Market Revenues & Volume, By Fish Boards, 2021-2031F |
6.1.6 Philippines Surfboard Market Revenues & Volume, By Gun Boards, 2021-2031F |
6.1.7 Philippines Surfboard Market Revenues & Volume, By Others, 2021-2031F |
6.2 Philippines Surfboard Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Surfboard Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.2.3 Philippines Surfboard Market Revenues & Volume, By Balsa Wood, 2021-2031F |
6.2.4 Philippines Surfboard Market Revenues & Volume, By Others, 2021-2031F |
6.3 Philippines Surfboard Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Philippines Surfboard Market Revenues & Volume, By Online, 2021-2031F |
6.3.3 Philippines Surfboard Market Revenues & Volume, By Offline, 2021-2031F |
6.4 Philippines Surfboard Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Philippines Surfboard Market Revenues & Volume, By Recreational, 2021-2031F |
6.4.3 Philippines Surfboard Market Revenues & Volume, By Professional, 2021-2031F |
7 Philippines Surfboard Market Import-Export Trade Statistics |
7.1 Philippines Surfboard Market Export to Major Countries |
7.2 Philippines Surfboard Market Imports from Major Countries |
8 Philippines Surfboard Market Key Performance Indicators |
8.1 Number of surfing events and competitions held in the Philippines |
8.2 Average length of stay of tourists engaging in surf-related activities |
8.3 Number of surf schools and instructors in the country |
9 Philippines Surfboard Market - Opportunity Assessment |
9.1 Philippines Surfboard Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Philippines Surfboard Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.3 Philippines Surfboard Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.4 Philippines Surfboard Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Surfboard Market - Competitive Landscape |
10.1 Philippines Surfboard Market Revenue Share, By Companies, 2024 |
10.2 Philippines Surfboard Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |