Stand Up Paddle Board Market to Grow at 15.05% CAGR by 2020

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Dec 14, 2016, 12:00 ET

PUNE, India, December 14, 2016 /PRNewswire/ --

The global stand up paddle board market analyst says I-SUPs provide easy storage and portability option, convenient for most SUP boarding enthusiasts. Unlike rigid SUPs, which take up quite some space and can be difficult to be stored in apartments, an I-SUP can be easily placed in a closet or a car trunk. Generally, traditional SUPs provide a much sturdier balance and stability in comparison to I-SUPs. I-SUPs also stand as the economical option while purchasing a SUP board. An I-SUP costs much lesser than the traditional SUP, offering value for money, especially to enthusiasts who surf often.

Complete report on stand up paddle board market spread across 60 pages, analysing 5 major companies and providing 30 data exhibits now available at http://www.reportsnreports.com/reports/779244-global-stand-up-paddle-board-market-2016-2020.html.

The analysts forecast global stand up paddle board market to grow at a CAGR of 15.05% during the period 2016-2020. According to the stand-up paddle board market report, increased consumers' preference for nature-based outdoor adventures can lead to the demand for water sporting equipment. The increased interest in recreational water sports is expected to be a key driver of the global stand-up paddle board market during the forecast period. Along with traditional water sporting activities, the youth today is participating and showing a budding interest in many novel water sports activities, including SUP boarding.

The paddle boards segment occupies the largest share in the stand-up paddle board market and is expected to be growing at the fastest pace during the forecast period. The main reason for this segment's growth is that the paddle boards are more expensive than other paddle boarding products and are essential products for pursuing and practicing the sports. All-round paddle boards are the most often used paddle boards, as they are used by beginners and for fishing purposes.

The sporting goods retailers segment dominated the global stand-up paddle board market in 2015 and accounted for the maximum market share. Large sporting goods retailers offer popular brands of SUP boards, which make them attractive shopping destinations for consumers. For example, Dick's Sporting Goods, a popular sporting goods retailer, has been investing in private labels over the past few years, and it expects an increase in its private brand sales revenue by 2017. The wide product availability makes these retail formats the most preferred sales channel for SUP boards.

The following companies are the key players in the global stand-up paddle board market: BIC Sport, Naish, Red Paddle, Starboard, and Tower. Other prominent vendors in the market are: AIRHEAD SUP, Aqua Marina, Imagine Paddle Surf Co., RAVE Sports, Solstice Sports, and Surftech. Order a copy of Global Stand Up Paddle Board Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=779244.

Global Stand-Up Paddle Board Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the present scenario and the growth prospects of the global stand-up paddle board market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of SUP boards and accessories to individual consumers.

Another related report is Global Surfboard Market 2016-2020, a trend which is helping boost market growth is technologically advanced surfboard-manufacturing machines. Manufacturers have introduced advanced manufacturing techniques to improve and shorten the manufacturing process. Computer-aided design (CAD) has simplified the design process. The designers can create a 3D image of a new board design, change contours and dimensions, and print a finished drawing and contour templates. Browse complete report @ http://www.reportsnreports.com/reports/604301-global-surfboard-market-2016-2020.html.

Explore other new reports on Consumer Goods Market @ http://www.reportsnreports.com/market-research/consumer-goods/.

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