NEW YORK, Jan. 31, 2025 /PRNewswire/ -- Report with the AI impact on market trends - The global stand-up paddleboard market size is estimated to grow by USD 287.8 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 10.9% during the forecast period. Growing adoption of surfing in adventure tourism is driving market growth, with a trend towards innovations in sups. However, competition from low-cost vendors poses a challenge. Key market players include Aqua Leisure Recreation LLC, Boardworks Surf and Sup., C4 Waterman, Cascadia Board Co., Goodhill Co. Ltd., Hobie Cat Co., Imagine Nation Sports LLC, LAIRDSTANDUP, Mistral Red Dot Division B.V., Naish International, Neil Pryde Ltd., NRS Inc., RAVE Sports, Red Paddle Co. Ltd., Starboard, SUP ATX LLC, SurfTech LLC, Tahe Outdoors France SASU, Tower, and Wenonah Canoe.
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Stand-Up Paddleboard Market Scope |
|
Report Coverage |
Details |
Base year |
2024 |
Historic period |
2019 - 2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.9% |
Market growth 2025-2029 |
USD 287.8 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
8.9 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 41% |
Key countries |
US, France, Canada, Germany, Australia, UK, Japan, India, Brazil, and Saudi Arabia |
Key companies profiled |
Aqua Leisure Recreation LLC, Boardworks Surf and Sup., C4 Waterman, Cascadia Board Co., Goodhill Co. Ltd., Hobie Cat Co., Imagine Nation Sports LLC, LAIRDSTANDUP, Mistral Red Dot Division B.V., Naish International, Neil Pryde Ltd., NRS Inc., RAVE Sports, Red Paddle Co. Ltd., Starboard, SUP ATX LLC, SurfTech LLC, Tahe Outdoors France SASU, Tower, and Wenonah Canoe |
Market Driver
The Stand-Up Paddleboard (SUP) market is witnessing significant growth as SUP becomes a popular soft adventure sport. SUP boards and paddles are essential equipment for this water activity, where users stand on a board and propel themselves forward using their arms. SUP comes in various types such as all-round, flatwater, surf SUP boards, and more. Key market trends include the increasing adoption of inflatable SUPs due to their portability and affordability. Traditional SUPs made of hard materials like epoxy, fiberglass, and carbon fiber are also available but are more expensive and less user-friendly for beginners. The SUP market caters to consumers of all ages and fitness levels, offering benefits like core workout, balance, and relaxation. The sport's popularity has led to its inclusion in various water sports, including skiing, kayaking, rafting, and extreme sports. Offline retailers and online stores offer SUP boards and paddles for purchase, with discounts and promotions driving sales dynamics. The market's growth is driven by the sport's ease of learning, enjoyable experience, and growing popularity. Beginners can opt for stable, inflatable SUPs with a lower center of gravity, which track better and offer better performance. As users gain skill and preference for fitness purposes, they may invest in more expensive, durable SUPs made of solid materials like PVC or epoxy. Despite the benefits, SUP comes with life risks, and professionals recommend following safety guidelines and proper training. SUP can be enjoyed in various locations, from calm flatwater to rough surf, making it a versatile and exciting soft adventure sport.
The Stand-Up Paddleboard (SUP) market is witnessing a shift towards premium, purpose-specific boards. Major industry players are moving away from standardized all-use inflatable SUPs and focusing on lightweight, high-performance variants for racing, and broad, stable ones for fishing or exercising. Innovation is at the forefront of the industry, with manufacturers incorporating attachment fixtures for action cameras, GPS units, and other gear. Some are even developing inflatable boards with hardboard characteristics, such as BIC Sport's TOUGH-TEC process, which molds polyethylene skin over an EPS core to create extremely light and durable boards. In March 2022, Aqua Leisure introduced new innovations in aquatic products, including advanced SUP designs.
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Market Challenges
- The Stand-Up Paddleboard (SUP) market is witnessing significant growth in the soft adventure sports sector. SUP, a fun and engaging water sport activity, involves using a board and a paddle to move on water while standing up. The product comes in various types such as all-round, flatwater, and surf SUP boards, made from materials like PVC, epoxy, fiberglass, and carbon fiber. Challenges for the SUP market include varying consumer preferences, ages, and fitness levels. Traditional SUPs made of hard materials can be expensive and require significant entry costs, acting as a barrier to adoption for beginners. In contrast, inflatable SUPs offer affordability, portability, and ease of use, making them a popular choice among fitness amateurs and those looking for relaxation time. Key market trends include the growing popularity of SUPs for yoga, racing, touring, and surfing. The sport's user-friendly nature, ease of learning, and enjoyable experience make it an attractive investment for consumers. Offline retailers offer discounts and promotions, while online stores provide convenience and accessibility. As the SUP market continues to evolve, it faces competition from other water sports like skiing, kayaking, rafting, and extreme sports. To stand out, SUP manufacturers must focus on product innovation, durability, and performance while catering to the diverse needs of consumers. The SUP market dynamics are influenced by factors like the center of gravity, stability, and tracking capabilities, making it essential for professionals to understand the product type, board type, and sales channels to connect with consumers effectively.
- The Stand-Up Paddleboard (SUP) market is currently facing a challenge from an influx of low-quality SUPs. These manufacturers, who primarily compete on pricing, use substandard materials and processes. This trend has resulted in an oversaturated market with inferior SUP boards. Major SUP manufacturers, such as LAIRDSTANDUP in San Diego, California, have responded by shifting their focus to producing higher-quality rigid and soft-top SUPs. This move allows them to maintain industry standards while remaining competitive. However, the increased competition on pricing has eroded profit margins for these manufacturers.
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Segment Overview
This stand-up paddleboard market report extensively covers market segmentation by
- Distribution Channel
- Sports Goods Retailers
- Department Stores
- Online Retailers
- Product
- Inflatables
- Hardboards
- Geography
- North America
- Europe
- APAC
- South America
- Middle East And Africa
1.1 Sports goods retailers- The Stand-Up Paddleboard market distribution channel includes vendors selling through sports specialty stores, vendor-specific showrooms, and rental stores. This segment's growth is driven by customers' preference for a tactile shopping experience. Key benefits for consumers include direct vendor contact, extensive product selection, better product assortment, and informed purchasing decisions from knowledgeable store staff. For instance, Decathlon, a leading sports goods retailer, offers over 1,500 stores in 49 countries, catering to 70 sports, including stand-up paddleboarding. Vendors provide extended trial periods and seasonal offers. Despite challenges like seasonal sales and inventory maintenance, the sports goods retailer segment's growth will positively impact the global Stand-Up Paddleboard market.
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Research Analysis
Stand-Up Paddleboarding (SUP) is a popular water sport activity that involves balancing on a board while using a paddle to propel oneself through the water. The board, typically ranging from 9 to 14 feet in length and priced between USD500 to USD2000, comes in various types such as all-round, flatwater, and surf SUP boards made of materials like epoxy, fiberglass, or inflatable. SUP offers numerous benefits, including full-body exercise, improved fitness levels, relaxation time, and even yoga practice on the board. With its growing popularity as a soft adventure sport, SUP has seen significant adoption in both recreational and extreme water sports circles. Prices and product types cater to various fitness levels and life risks, making it an accessible and versatile water sport for all. Offline stores provide a hands-on shopping experience for those looking to try before they buy. Whether for racing, touring, yoga, or surfing, SUP offers an exciting and rewarding experience on the water.
Market Research Overview
The Stand-Up Paddleboard (SUP) market is a burgeoning segment of the water sports industry, offering a unique and versatile experience for consumers of all ages and fitness levels. SUP, a sport activity that involves standing on a board and propelling oneself through the water using a paddle, has gained popularity as a soft adventure sport that offers both exercise and relaxation time. The market comprises various types of SUP boards and paddles, including surf SUP boards, all-round boards, flatwater boards, and inflatable SUP boards, made from materials like PVC, epoxy, fiberglass, and carbon fiber. The market dynamics are driven by growing adoption of SUP as a user-friendly product for fitness amateurs, its ease of learning, and its popularity as an enjoyable and relaxing workout. The SUP market caters to various consumer preferences, with sales channels including offline retailers and online stores offering discounts and promotions. Prices range from affordable inflatable SUPs that can be deflated and rolled up for easy transport, to more expensive, durable traditional SUPs made from hard materials. SUP is often compared to other water sports like skiing, kayaking, rafting, and rowing, but offers unique benefits such as a lower barrier to entry, stability, and the ability to track better through the water. The market is expected to continue growing in popularity as more consumers discover the benefits of this exciting and dynamic sport.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Distribution Channel
- Sports Goods Retailers
- Department Stores
- Online Retailers
- Product
- Inflatables
- Hardboards
- Geography
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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