Published Date: 2-Nov-2021
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According to a new report Global Surfing Apparel & Accessory Market, published by KBV research, The Global Surfing Apparel & Accessory Market size is expected to reach $2.1 billion by 2027, rising at a market growth of 7.2% CAGR during the forecast period.
In 2020, the offline distribution channel segment garnered the maximum revenue share in the surging apparel & accessory market. The online segment would exhibit the largest growth rate during the forecast period. Factors such as technical developments and the surge in the significance offered to online platforms for buying surfing apparel and accessories, mainly by consumers inclining towards discounts & bargains are responsible for the growth of this segment.
Surf apparel acquired the highest revenue share of the global surfing apparel & accessory market in 2020. The factor responsible for the growth of this segment is the rising inclinations of professionals towards accessories, like wetsuit booties and reef socks.
The North America market dominated the Global Surfing Apparel & Accessory Market by Region in 2020, and would continue to be a dominant market till 2027. The Europe market is experiencing a CAGR of 6.9% during (2021 - 2027). Additionally, The Asia Pacific market is poised to grow at a CAGR of 8.6% during the forecast period.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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