The valuation of the surfing tourism market is anticipated to reach US$ 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 US$ 74184.6 million by the end of 2024.
Attributes | Key Statistics |
---|---|
Expected Base Year Value (2024) | US$ 74184.6 million |
Anticipated Forecast Value (2034) | US$ 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 US$ 74184.6 million by 2024.
The market for surfing tourism is expected to reach US$ 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 US$ 65952.6 million.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tour Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Tour Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Tour Type, 2024 to 2034
5.3.1. Domestic
5.3.2. International
5.4. Y-o-Y Growth Trend Analysis By Tour Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Tour Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Consumer Orientation
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Consumer Orientation, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Consumer Orientation, 2024 to 2034
6.3.1. Men
6.3.2. Women
6.4. Y-o-Y Growth Trend Analysis By Consumer Orientation, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Consumer Orientation, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tourist Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Tourist Type, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Tourist Type, 2024 to 2034
7.3.1. Independent Traveller
7.3.2. Tour Group
7.3.3. Package Traveller
7.4. Y-o-Y Growth Trend Analysis By Tourist Type, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Tourist Type, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Age Group
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) Analysis By Age Group, 2019 to 2023
8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Age Group, 2024 to 2034
8.3.1. 26-35 Years
8.3.2. 36-45 Years
8.3.3. 46-55 Years
8.3.4. Above 55 Years
8.4. Y-o-Y Growth Trend Analysis By Age Group, 2019 to 2023
8.5. Absolute $ Opportunity Analysis By Age Group, 2024 to 2034
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
9.3.1. North America
9.3.2. Latin America
9.3.3. Western Europe
9.3.4. Eastern Europe
9.3.5. South Asia and Pacific
9.3.6. East Asia
9.3.7. Middle East and Africa
9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. USA
10.2.1.2. Canada
10.2.2. By Tour Type
10.2.3. By Consumer Orientation
10.2.4. By Tourist Type
10.2.5. By Age Group
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Tour Type
10.3.3. By Consumer Orientation
10.3.4. By Tourist Type
10.3.5. By Age Group
10.4. Key Takeaways
11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Tour Type
11.2.3. By Consumer Orientation
11.2.4. By Tourist Type
11.2.5. By Age Group
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Tour Type
11.3.3. By Consumer Orientation
11.3.4. By Tourist Type
11.3.5. By Age Group
11.4. Key Takeaways
12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Germany
12.2.1.2. UK
12.2.1.3. France
12.2.1.4. Spain
12.2.1.5. Italy
12.2.1.6. Rest of Western Europe
12.2.2. By Tour Type
12.2.3. By Consumer Orientation
12.2.4. By Tourist Type
12.2.5. By Age Group
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Tour Type
12.3.3. By Consumer Orientation
12.3.4. By Tourist Type
12.3.5. By Age Group
12.4. Key Takeaways
13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. Poland
13.2.1.2. Russia
13.2.1.3. Czech Republic
13.2.1.4. Romania
13.2.1.5. Rest of Eastern Europe
13.2.2. By Tour Type
13.2.3. By Consumer Orientation
13.2.4. By Tourist Type
13.2.5. By Age Group
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Tour Type
13.3.3. By Consumer Orientation
13.3.4. By Tourist Type
13.3.5. By Age Group
13.4. Key Takeaways
14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. India
14.2.1.2. Bangladesh
14.2.1.3. Australia
14.2.1.4. New Zealand
14.2.1.5. Rest of South Asia and Pacific
14.2.2. By Tour Type
14.2.3. By Consumer Orientation
14.2.4. By Tourist Type
14.2.5. By Age Group
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Tour Type
14.3.3. By Consumer Orientation
14.3.4. By Tourist Type
14.3.5. By Age Group
14.4. Key Takeaways
15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. China
15.2.1.2. Japan
15.2.1.3. South Korea
15.2.2. By Tour Type
15.2.3. By Consumer Orientation
15.2.4. By Tourist Type
15.2.5. By Age Group
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Tour Type
15.3.3. By Consumer Orientation
15.3.4. By Tourist Type
15.3.5. By Age Group
15.4. Key Takeaways
16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
16.2.1. By Country
16.2.1.1. GCC Countries
16.2.1.2. South Africa
16.2.1.3. Israel
16.2.1.4. Rest of MEA
16.2.2. By Tour Type
16.2.3. By Consumer Orientation
16.2.4. By Tourist Type
16.2.5. By Age Group
16.3. Market Attractiveness Analysis
16.3.1. By Country
16.3.2. By Tour Type
16.3.3. By Consumer Orientation
16.3.4. By Tourist Type
16.3.5. By Age Group
16.4. Key Takeaways
17. Key Countries Market Analysis
17.1. USA
17.1.1. Market Share Analysis, 2023
17.1.1.1. By Tour Type
17.1.1.2. By Consumer Orientation
17.1.1.3. By Tourist Type
17.1.1.4. By Age Group
17.2. Canada
17.2.1. Market Share Analysis, 2023
17.2.1.1. By Tour Type
17.2.1.2. By Consumer Orientation
17.2.1.3. By Tourist Type
17.2.1.4. By Age Group
17.3. Brazil
17.3.1. Market Share Analysis, 2023
17.3.1.1. By Tour Type
17.3.1.2. By Consumer Orientation
17.3.1.3. By Tourist Type
17.3.1.4. By Age Group
17.4. Mexico
17.4.1. Market Share Analysis, 2023
17.4.1.1. By Tour Type
17.4.1.2. By Consumer Orientation
17.4.1.3. By Tourist Type
17.4.1.4. By Age Group
17.5. Germany
17.5.1. Market Share Analysis, 2023
17.5.1.1. By Tour Type
17.5.1.2. By Consumer Orientation
17.5.1.3. By Tourist Type
17.5.1.4. By Age Group
17.6. UK
17.6.1. Market Share Analysis, 2023
17.6.1.1. By Tour Type
17.6.1.2. By Consumer Orientation
17.6.1.3. By Tourist Type
17.6.1.4. By Age Group
17.7. France
17.7.1. Market Share Analysis, 2023
17.7.1.1. By Tour Type
17.7.1.2. By Consumer Orientation
17.7.1.3. By Tourist Type
17.7.1.4. By Age Group
17.8. Spain
17.8.1. Market Share Analysis, 2023
17.8.1.1. By Tour Type
17.8.1.2. By Consumer Orientation
17.8.1.3. By Tourist Type
17.8.1.4. By Age Group
17.9. Italy
17.9.1. Market Share Analysis, 2023
17.9.1.1. By Tour Type
17.9.1.2. By Consumer Orientation
17.9.1.3. By Tourist Type
17.9.1.4. By Age Group
17.10. Poland
17.10.1. Market Share Analysis, 2023
17.10.1.1. By Tour Type
17.10.1.2. By Consumer Orientation
17.10.1.3. By Tourist Type
17.10.1.4. By Age Group
17.11. Russia
17.11.1. Market Share Analysis, 2023
17.11.1.1. By Tour Type
17.11.1.2. By Consumer Orientation
17.11.1.3. By Tourist Type
17.11.1.4. By Age Group
17.12. Czech Republic
17.12.1. Market Share Analysis, 2023
17.12.1.1. By Tour Type
17.12.1.2. By Consumer Orientation
17.12.1.3. By Tourist Type
17.12.1.4. By Age Group
17.13. Romania
17.13.1. Market Share Analysis, 2023
17.13.1.1. By Tour Type
17.13.1.2. By Consumer Orientation
17.13.1.3. By Tourist Type
17.13.1.4. By Age Group
17.14. India
17.14.1. Market Share Analysis, 2023
17.14.1.1. By Tour Type
17.14.1.2. By Consumer Orientation
17.14.1.3. By Tourist Type
17.14.1.4. By Age Group
17.15. Bangladesh
17.15.1. Market Share Analysis, 2023
17.15.1.1. By Tour Type
17.15.1.2. By Consumer Orientation
17.15.1.3. By Tourist Type
17.15.1.4. By Age Group
17.16. Australia
17.16.1. Market Share Analysis, 2023
17.16.1.1. By Tour Type
17.16.1.2. By Consumer Orientation
17.16.1.3. By Tourist Type
17.16.1.4. By Age Group
17.17. New Zealand
17.17.1. Market Share Analysis, 2023
17.17.1.1. By Tour Type
17.17.1.2. By Consumer Orientation
17.17.1.3. By Tourist Type
17.17.1.4. By Age Group
17.18. China
17.18.1. Market Share Analysis, 2023
17.18.1.1. By Tour Type
17.18.1.2. By Consumer Orientation
17.18.1.3. By Tourist Type
17.18.1.4. By Age Group
17.19. Japan
17.19.1. Market Share Analysis, 2023
17.19.1.1. By Tour Type
17.19.1.2. By Consumer Orientation
17.19.1.3. By Tourist Type
17.19.1.4. By Age Group
17.20. South Korea
17.20.1. Market Share Analysis, 2023
17.20.1.1. By Tour Type
17.20.1.2. By Consumer Orientation
17.20.1.3. By Tourist Type
17.20.1.4. By Age Group
17.21. GCC Countries
17.21.1. Market Share Analysis, 2023
17.21.1.1. By Tour Type
17.21.1.2. By Consumer Orientation
17.21.1.3. By Tourist Type
17.21.1.4. By Age Group
17.22. South Africa
17.22.1. Market Share Analysis, 2023
17.22.1.1. By Tour Type
17.22.1.2. By Consumer Orientation
17.22.1.3. By Tourist Type
17.22.1.4. By Age Group
17.23. Israel
17.23.1. Market Share Analysis, 2023
17.23.1.1. By Tour Type
17.23.1.2. By Consumer Orientation
17.23.1.3. By Tourist Type
17.23.1.4. By Age Group
18. Market Structure Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Market Share Analysis of Top Players
18.3.1. By Regional
18.3.2. By Tour Type
18.3.3. By Consumer Orientation
18.3.4. By Tourist Type
18.3.5. By Age Group
19. Competition Analysis
19.1. Competition Deep Dive
19.1.1. AGIT Global North America, Inc.
19.1.1.1. Overview
19.1.1.2. Product Portfolio
19.1.1.3. Profitability by Market Segments
19.1.1.4. Sales Footprint
19.1.1.5. Strategy Overview
19.1.1.5.1. Marketing Strategy
19.1.2. AJW Surfboard Boardriders, Inc.
19.1.2.1. Overview
19.1.2.2. Product Portfolio
19.1.2.3. Profitability by Market Segments
19.1.2.4. Sales Footprint
19.1.2.5. Strategy Overview
19.1.2.5.1. Marketing Strategy
19.1.3. Infinity Surfboards Inc.
19.1.3.1. Overview
19.1.3.2. Product Portfolio
19.1.3.3. Profitability by Market Segments
19.1.3.4. Sales Footprint
19.1.3.5. Strategy Overview
19.1.3.5.1. Marketing Strategy
19.1.4. Keeper Sports Products, LLC
19.1.4.1. Overview
19.1.4.2. Product Portfolio
19.1.4.3. Profitability by Market Segments
19.1.4.4. Sales Footprint
19.1.4.5. Strategy Overview
19.1.4.5.1. Marketing Strategy
19.1.5. Mt Woodgee Surfboards
19.1.5.1. Overview
19.1.5.2. Product Portfolio
19.1.5.3. Profitability by Market Segments
19.1.5.4. Sales Footprint
19.1.5.5. Strategy Overview
19.1.5.5.1. Marketing Strategy
19.1.6. Naish International NSP International
19.1.6.1. Overview
19.1.6.2. Product Portfolio
19.1.6.3. Profitability by Market Segments
19.1.6.4. Sales Footprint
19.1.6.5. Strategy Overview
19.1.6.5.1. Marketing Strategy
19.1.7. Rip Curl International Pty Ltd.
19.1.7.1. Overview
19.1.7.2. Product Portfolio
19.1.7.3. Profitability by Market Segments
19.1.7.4. Sales Footprint
19.1.7.5. Strategy Overview
19.1.7.5.1. Marketing Strategy
19.1.8. Rusty Surfboards
19.1.8.1. Overview
19.1.8.2. Product Portfolio
19.1.8.3. Profitability by Market Segments
19.1.8.4. Sales Footprint
19.1.8.5. Strategy Overview
19.1.8.5.1. Marketing Strategy
19.1.9. Tahe Outdoors Ltd.
19.1.9.1. Overview
19.1.9.2. Product Portfolio
19.1.9.3. Profitability by Market Segments
19.1.9.4. Sales Footprint
19.1.9.5. Strategy Overview
19.1.9.5.1. Marketing Strategy
19.1.10. Volcom, LLC
19.1.10.1. Overview
19.1.10.2. Product Portfolio
19.1.10.3. Profitability by Market Segments
19.1.10.4. Sales Footprint
19.1.10.5. Strategy Overview
19.1.10.5.1. Marketing Strategy
19.1.11. Channel Islands Surfboards
19.1.11.1. Overview
19.1.11.2. Product Portfolio
19.1.11.3. Profitability by Market Segments
19.1.11.4. Sales Footprint
19.1.11.5. Strategy Overview
19.1.11.5.1. Marketing Strategy
19.1.12. Firewire Surfboards, LLC
19.1.12.1. Overview
19.1.12.2. Product Portfolio
19.1.12.3. Profitability by Market Segments
19.1.12.4. Sales Footprint
19.1.12.5. Strategy Overview
19.1.12.5.1. Marketing Strategy
20. Assumptions & Acronyms Used
21. Research Methodology
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