The Latin America, Middle East and Africa Surfing Apparel & Accessory Market would witness market growth of 8.3% CAGR during the forecast period (2021-2027).
There is stiff competition among the players in the market due to the increase in the interest in surfing as a free-time activity and competitive sport. Surfboard makers have been aiming to bring innovating regarding features, equipment, material, shape, and functions to gain a competitive edge in the market. For example, hybrid surfboards have becoming popular among surfers as well as the companies operating in the market. A general hybrid is a blend of a fish surfboard and a shortboard. Due to this, the new product has advantageous features of both kinds, integrating the ease, speed, and stability of a fish surfboard and the high performance & maneuverability of a shortboard. One such hybrid is the Hypto Krypto of the Haydenshapes Surfboards, which is an ideal combination of conventional and modern performance.
In various countries, surfing is perceived as a free-time activity because stay out in the open, and enjoying the natural environment is a stress-reliever. Along with this, surfing offers various health advantages also such as paddling in the waves enhances cardiovascular health and also enhances shoulder and back muscle strength, and standing straight on the board in the midst of the waves assists in enhancing leg and core strength. Moreover, surfing is a perfect evaluation of balance, fitness, endurance, and coordination. Additionally, it has been recorded that surfing for 30-60 minutes can assist in burning 130-260 calories.
The region holds great market potential for surfing apparel because Africa is one of the significant destinations for surfers. Approximately 40 nations some parts of coastline on the continent which is allowing people to accept surfing as an adventurous activity, hence boosting the demand for surging apparel & accessory market in the forthcoming years.
Latin America holds great potential for surfing apparel & accessory due to the high number of people taking participating in surfing sports. Therefore, these aspects are expected to push the growth of the regional surfing apparel & accessory market during the forecast period.
The Offline market dominated the South Africa Surfing Apparel & Accessory Market by Distribution Channel in 2020, thereby, achieving a market value of $32.8 Million by 2027. The Online market is expected to witness a CAGR of 7.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Surfing Apparel & Accessory Market is Predict to reach $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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