The Europe Surfing Apparel & Accessory Market would witness market growth of 6.9% CAGR during the forecast period (2021-2027).
Consumers having high disposable income are willing to purchase expensive and exclusive products. The main concerns of these consumers are functionality, features, and convenience. This set of consumers prefers to buy surging apparel. Conversely, consumers in developing and under-developed countries have low purchasing power and awareness regarding such products. As a result, the majority of the consumers in emerging countries tend to restrict themselves from purchasing surging products.
Currently, numerous people are willingly adopting a surging lifestyle and even at places lacking oceans. Thus, this trend is playing a major role in creating lucrative growth opportunities for the players operating in the global surfing apparel and accessory market in the years to come. However, around 50% of the people who went to buy these items actually participated in the sports. The remaining people are just attracted by what brands display and motivated by the image displayed by the surfers. In addition, long surfing boards have gained high traction and make the sports easy to learn. Moreover, the increment in the number of surf schools has provided momentum to the surfing sports, hence encouraging numerous young people to the surfing culture. Thus, these factors are set to accelerate the growth of the surfing apparel and accessory market in the forthcoming years.
There are numerous surf spots for beginners in France. Beginners can find smooth waves in summer and mature surfers will find ideal conditions in autumn and winters. In addition, numerous surfing festivals and competitions have made this country highly popular for surfing. Bundoran Beach is the most famous surf location in Ireland, providing something for beginners as well as advanced surfers.
Moreover, individuals residing across different countries of this region have high purchasing power and also showing keen interest in water-related sports, thereby driving the regional surging apparel & accessory market. Furthermore, a greater number of new players is entering into the regional market by considering the growing interest of the regional population towards surfing and other water-related sports, hence creating new growth opportunities in the regional market.
The Germany market dominated the Europe Online Market by Country in 2020, thereby, achieving a market value of $19.3 Million by 2027. The UK market is showcasing a CAGR of 4.6% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 6.8% during (2021 - 2027).
Based on Product, the market is segmented into Surf Apparel and Surf Accessories. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Surfing Apparel & Accessory Market Size will Hit $2.1 Billion by 2027, at a CAGR of 7.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include O'NEILL, Globe International Ltd., Rip Curl, Inc., Volcom, LLC (Authentic Brands Group LLC), Reef (The Rockport Company), Boardriders, Inc., and Hurley, Inc. (Bluestar Alliance LLC).
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