The valuation of the surfing tourism market is anticipated to reach USD 2,36,589.9 million by the year 2034, with a projected CAGR of 12.30% during the forecast period of 2024 to 2034. It is expected that the global market will offer an absolute dollar opportunity of USD 74184.6 million by the end of 2024.
Attributes | Key Statistics |
---|---|
Expected Base Year Value (2024) | USD 74184.6 million |
Anticipated Forecast Value (2034) | USD 2,36,589.9 million |
Estimated Growth (2024 to 2034) | 12.30% CAGR |
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The surge in social media usage and the growing popularity of coastal tourism worldwide have led to a significant increase in the demand for water sports. This trend has also notably impacted the surfing tourism industry.
The global surfing tourism market has witnessed several notable trends that are shaping its trajectory in recent years:
Despite the growing popularity of water sports in the coastal parts of the world, some influences hinder the growth of the market:
On the basis of surfing type, the market for surfing tourism is dominated by wave surfing. The segment is anticipated to hold a share of 60.6% of the overall surfing tourism market.
Attributes | Details |
---|---|
Surfing Type | Wave Surfing |
Market Share | 60.60% |
On the basis of tourist type, the domestic tourist segment takes the majority share of the surfing tourism market. It is anticipated to hold a market value of 67.50%.
Attributes | Details |
---|---|
Tourist Type | Domestic |
Market Share | 67.50% |
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This section offers a comprehensive analysis of the surfing tourism market across various countries, including. The table presents the CAGR for each country, depicting the estimated market growth in these regions until 2034.
Countries | CAGR |
---|---|
India | 15.60% |
China | 14.30% |
Singapore | 11.60% |
Japan | 10.90% |
Canada | 7.20% |
India is expected to exhibit significant market growth over the forecast period. The Indian market for surfing tourism is anticipated to grow at a CAGR of 15.60% through 2034.
The Indian government's efforts to promote tourism have resulted in the development of coastline infrastructure. This has made it easier for surfing destinations like Goa and Karnataka to attract visitors from around the world. Besides this, the corporatization of jobs in India is forcing the younger generation to seek adventurous vacations like surfing, which is also pushing the demand for surfing infrastructure in the country.
China is also one of the lucrative markets in the surfing tourism industry. The Chinese market for surfing tourism is anticipated to grow at a CAGR of 14.30%.
The Chinese market for surfing tourism was not that well developed a few years back. The adoption of surfing began to gradually pick up pace with the inclusion of the sport in the Olympics.
This resulted in a growing demand for travel to destinations such as Sanya in Hainan and Huizhou in Guangdong. To respond to this demand, the government also started developing coastline infrastructure, significantly aiding the growth of the market.
Singapore also is a promising market in the global surfing tourism industry. Over the next ten years, the Singaporean demand for surfing tourism is projected to rise at an 11.60% CAGR.
Singapore, as a country, is a travel hub for tourists from all over the world. Every year, millions of tourists flock to the country to experience an array of leisure activities which also include surfing.
Companies like SUP Ventures, Splash N Surf, Wakemusters, Ryders Singapore, etc., have capitalized on this opportunity by offering training programs and customized packages to newbie tourists who lack surfing experience.
Canada is also one of the countries that is filled with potential in this market. The Canadian surfing tourism market is anticipated to retain its dominance by progressing at a growth rate of 7.20% till 2034.
Canada is well known for its adventurous lifestyle with the prominence of outdoor sports in the daily lifestyle of people. The country is also blessed with a rich coastline in regions like British Columbia and Nova Scotia.
This has had a significant impact on the surfing tourism market in the country. Besides this, the country is also known for its rugged beaches and serene beauty which attracts millions of tourists every year.
Japan also exhibits a promising future in the global surfing tourism market. The surfing tourism market in Japan is anticipated to retain its dominance by progressing at a growth rate of 10.90% till 2034.
Japan is blessed with clean and calm beaches like Shirahama Beach in Wakayama Prefecture, Yuigahama Beach in Kamakura, Kanagawa Prefecture, Kujukuri Beach in Chiba Prefecture, and Sunset Beach in Okinawa Prefecture.
These beaches are a boon for surfing enthusiasts as they provide a perfect combination of gentle waves, soft sand, and scenic surroundings for both beginners and experienced surfers to enjoy surfing.
Surfing, in the past few years, has gained significant impetus, thanks to the growing number of international companies like AGIT Global North America, Inc., AJW Surfboard Boardriders, Inc., Body Glove, BruSurf, CANNIBAL SURFBOARDS, Channel Islands Surfboards, Firewire Surfboards, LLC, Global Surf Industries, Globe International Limited, Gul Watersports Ltd., etc.
These companies have well understood the needs of international as well as domestic tourists, right from their stay, to their training programs, and even certifications. They are also tying up with online travel platforms to provide customized packages so that tourists can enjoy surfing activities in cost-effective ways.
Recent Developments
The surfing tourism market is expected to be worth USD 74184.6 million by 2024.
The market for surfing tourism is expected to reach USD 236589.9 million by 2034.
The surfing tourism market is growing at a CAGR of 12.30% from 2024 to 2034.
AGIT Global North America, Inc., AJW Surfboard Boardriders, Inc., Body Glove, BruSurf, CANNIBAL SURFBOARDS, Channel Islands Surfboards, Firewire Surfboards, etc., are some of the major players in the market for surfing tourism.
The valuation for the surfing tourism market in 2023 was USD 65952.6 million.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tour Type 5.1. Domestic 5.2. International 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Consumer Orientation 6.1. Men 6.2. Women 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tourist Type 7.1. Independent Traveller 7.2. Tour Group 7.3. Package Traveller 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Age Group 8.1. 26-35 Years 8.2. 36-45 Years 8.3. 46-55 Years 8.4. Above 55 Years 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. AGIT Global North America, Inc. 19.2. AJW Surfboard Boardriders, Inc. 19.3. Infinity Surfboards Inc. 19.4. Keeper Sports Products, LLC 19.5. Mt Woodgee Surfboards 19.6. Naish International NSP International 19.7. Rip Curl International Pty Ltd. 19.8. Rusty Surfboards 19.9. Tahe Outdoors Ltd. 19.10. Volcom, LLC 19.11. Channel Islands Surfboards 19.12. Firewire Surfboards, LLC 20. Assumptions & Acronyms Used 21. Research Methodology
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