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Surfing Apparel And Accessories Market Report

RA08821

Surfing Apparel and Accessories Market by Product (Apparel and Accessories), Distribution Channel (Offline and Online), and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032

RA08821

Pages: 290

Aug 2023

Surfing Apparel and Accessories Overview

The surfing apparel and accessories market is an industry that focuses on creating, producing, and marketing clothing and accessories specially made for surfers and the surfing lifestyle. Surfing is a well-known water sport that involves using a surfboard to ride waves. It has become a worldwide phenomenon with a committed following of aficionados. This community is catered to by the surfing and accessories market, which offers a variety of goods such as wetsuits, board shorts, rash guards, swimwear, t-shirts, caps, sunglasses, footwear, and other accessories. To satisfy the specific requirements of surfers, specialized clothing and accessories are available on the market. Neoprene wetsuits, for instance, offer insulation and defense against chilly water. Boardshorts are made to be breathable, light, and allow for flexibility of movement. Rash shields provide defense against sunlight and surfboard wax rashes. Additionally, for surfers to improve their performance and safety in the water, accessories like fins, traction pads, and surfboard leashes are essential.

The surfing apparel and accessories market is propelled by the growing acceptance of surfing as a leisure activity and a competitive sport. In addition to professional surfers, the market also serves recreational surfers and people who lead a surfing lifestyle. Numerous firms that specialize in surfing clothes and accessories have emerged as a result of consumer demand for fashionable and practical products. For the benefit of surfers, these businesses frequently use cutting-edge materials, designs, and technology to improve performance, durability, and comfort. An industry devoted to offering specialized clothes and goods for surfers and people who live the surfing lifestyle is the market for surfing apparel and accessories. It offers practical and fashionable things that improve performance and pay homage to the surf culture to meet the special needs of surfers. With surfing's rising popularity, the market is continuing to develop and adapt, offering a variety of possibilities for people to enjoy surfing both in and out of the water.

Global Surfing Apparel and Accessories Market Analysis

The global surfing apparel and accessories market size was $9.32 billion in 2022 and is predicted to grow at a CAGR of xx%, by generating a revenue of $15.87 billion by 2032

COVID-19 Impact on the Global Surfing Apparel and Accessories Market

The COVID-19 pandemic has significantly impacted several businesses, and the surfing apparel and accessories market is no exception. Travel restrictions, lockdown procedures, and decreased consumer spending all contributed to a pronounced reduction in activity and demand in the surfing sector. One of the pandemic's initial repercussions was the closure of beaches and surf areas throughout several regions, which restricted surfers' access and diminished the need for specialized surfing gear and accessories. As a result, businesses in this market saw a fall in sales. The termination of surfing competitions, festivals, and events also reduced interest in associated goods. The pandemic's effects on the world's supply chains negatively impacted the market for surfing-related clothes and accessories as well. Many manufacturers had trouble finding raw materials, producing their goods, and getting them to retail outlets. Delays, decreased product availability, and higher expenses were the results of this.

Consumer behavior changed as a result of the financial limitations and economic uncertainties brought on by the pandemic. Spending on non-essential products was reduced, and people concentrated on buying essential items rather than luxuries like surfing gear and accessories. The shift in customer priorities also influenced the market demand drop. Companies in the market for surfing apparel and accessories have modified their strategy in response to the pandemic's problems. Many businesses now have a larger online presence and use e-commerce platforms to attract clients and keep up sales. Additionally, in response to consumers' growing appreciation for ecologically friendly products, certain firms have concentrated on sustainability and eco-friendly efforts. Although the COVID-19 epidemic had a detrimental effect on the market for surfing gear and accessories, there are indications that it may revive as society gets used to the new normal. To survive and grow in the post-pandemic period, the sector will need to keep innovating, adjusting to shifting customer demands and utilizing online platforms.

Growing Demand for High-Quality Surfing Clothes to Drive Market Growth

Demand for high-quality, performance-focused surfing clothing and accessories that are also aesthetically pleasing and fully customizable has increased as a result of this trend.  Surfers can also take part in virtual competitions, training sessions, and collaborations on surfboard designs thanks to remote cooperation, which increases demand for surfing gear and accessories. In the surfing world, clothing and equipment for surfing are essential. They not only offer protection from the weather but also give surfers a way to express themselves and find their identities. Surfers are increasingly looking for clothing and accessories that not only suit their basic needs but also showcase their individual styles and brand allegiances due to the growing emphasis on remote collaboration. Demand for high-quality, performance-focused surfing clothing and accessories that are also aesthetically pleasing and fully customizable has increased as a result of this trend. Additionally, the industry for surfing equipment and accessories is predicted to increase as a result of the increasing influence of social media. The demand for premium, performance-focused, and aesthetically pleasing surfing clothes and accessories is expected to grow as surfers continue to look for methods to connect and collaborate electronically. To take advantage of the growing market prospects, industry participants should adjust to these shifting dynamics by emphasizing innovation, customization, and sustainability.

Concerns Related to Counterfeit Goods to Restrain Market Growth

The growing popularity of the sport and the rising desire for stylish and practical gear have both contributed to the market expansion of surfing apparel and accessories in recent years. However, several issues have surfaced, which might limit market expansion. First off, a big problem in the market for surfing gear and accessories is counterfeit goods. The incentive for counterfeiters to create and sell phony goods rises as the demand for branded goods rises. These fake products not only damage the revenues and reputation of legitimate firms, but they also put consumers at risk of unintentionally purchasing subpar and sometimes dangerous goods. The proliferation of fake goods has the potential to erode customer confidence and slow market expansion. Additionally, the growth of internet purchasing has increased cybersecurity threats. Consumers are more in danger of data breaches and identity theft due to the rise in e-commerce platforms and online retailers. Surfing gear and accessory businesses may be the target of hackers and cybercriminals looking to get private customer information including credit card numbers and personal information. These security worries may discourage customers from making online purchases, which would slow the market's expansion. Finally, the market for surfing clothing and accessories faces a serious security risk from intellectual property theft. For brand identity and distinction, original designs and trademarks are essential. Unauthorized use and copying of designs by rivals, however, can result in legal issues and financial damages for respectable businesses. Intellectual property infringement can limit market investment and innovation, limiting the market's potential for overall growth. The market for surfing clothing and accessories has grown significantly, but barriers to its future growth include counterfeiting, cybersecurity hazards, product safety regulations, and intellectual property infringement. To ensure long-term market growth and consumer safety, it is crucial to address these problems through practical actions and partnerships among industry players.

Advancements in Technology to Drive Excellent Opportunities

The surfing apparel and accessories market is expected to have tremendous growth and fantastic potential. The design, performance, and utility of surfing gear are significantly impacted by technology's ongoing advancements, spurring an explosion of innovation in the sector. The development of fabrics and materials is one area where technology has achieved impressive advancements. Modern surfing clothing uses innovative fabrics that provide better flexibility, durability, and environmental protection. For instance, the incorporation of elastane blends and high-performance synthetic fibers gives surfers improved comfort and mobility, enabling them to easily navigate the waves. Additionally, several of these materials have quick-drying and moisture-wicking qualities, which guarantee that surfers stay dry and comfortable during their workouts. The design of surfing accessories has also undergone a revolution thanks to technology. For instance, computer-aided design (CAD) and computational fluid dynamics (CFD) have helped to develop very effective and responsive fin systems for surfboards. These developments provide surfers with the ability to maximize the performance of their board, improving control and maneuverability on the waves. Additionally, wearable technology has entered the world of surfing and is providing surfers with useful information and insights. Surfing sessions may be tracked and analyzed using smartwatches and fitness trackers that have GPS and motion sensors built in. This data includes wave count, speed, distance travelled, and even heart rate. Surfers can use this data to track their development, pinpoint their weak points, and improve their overall performance. The outstanding potential in the market for surfing apparel and accessories is being driven by technological improvements. With the use of cutting-edge materials, manufacturing processes, and wearable technology, surfers can now push their limits and improve their surfing experiences. Businesses that embrace innovation and take advantage of these developments will do well in the dynamic world of surfing as the market expands.

Global Surfing Apparel and Accessories Market Share, by Product, 2022

The apparel sub-segment accounted for the highest market share in 2022. An essential part of the industry is the apparel section of the market for surfing apparel and accessories. To perform at their best, surfers need specialized clothes that can endure the harsh elements of the water while still being comfortable and flexible. Wetsuits, rash guards, boardshorts, swimwear, and neoprene accessories are just a few examples of the many items that fall under the category of "surfing apparel." To ensure durability, flexibility, and weather protection, these garments are manufactured with cutting-edge materials and techniques. One of the main items in the category of surfing apparel is wetsuits. Typically, they are constructed of neoprene, a synthetic rubber that acts as insulation and keeps surfers warm in chilly water. Wetsuits are available in a variety of thicknesses and designs to suit different personal preferences and water conditions. Rash guards are yet another crucial component of surfing apparel. These thin, quick-drying shirts provide defense against sunburn and surfboard-related chafing. The materials used to make them are frequently elastic and permeable, allowing surfers to move freely while still offering UV protection. Surfers frequently wear board shorts because they are comfortable and practical. These shorts have stronger stitching, quick-drying materials, and secure fasteners since they are made to resist the rigors of surfing. To accommodate individual tastes, they are available in a variety of lengths and styles. The surfing gear and accessories market's apparel category offers a variety of specialized clothes and accessories to meet the unique needs of surfers. These devices, which emphasized toughness, adaptability, and safety, let surfers take part in their sport while feeling secure and safe in the sea.

Global Surfing Apparel and Accessories Market Share, by Distribution Channel, 2022

The offline sub-segment accounted for the highest market share in 2022. Despite the growth of internet retail, the offline sector of the market for surfing clothes and accessories still holds a sizable share. While e-commerce has significantly increased and changed the way people shop, the physical market remains relevant by providing surfing aficionados with distinctive experiences and individualized connections. Customers can interact with the products physically in a concrete context at actual surf shops and specialized shops. Surfers can touch, feel, and try on clothing and accessories in these physical stores, giving them a sensory experience that cannot be duplicated online. Additionally, educated employees who can provide professional advice on product selection, sizing, and fit for surfing conditions frequently work in offline businesses. In addition to being places where surfers may congregate, exchange stories, and meet others who share their interests, surf shops also function as community centers. These businesses frequently host competitions, workshops, and events, encouraging a sense of loyalty and comradery among surfers. Surfers can readily visit surf shops before or after their surfing sessions because of their physical presence in well-known coastal places. The offline market sector enables instant gratification because clients can buy things right away. When clients can't wait for the shipping times associated with internet shopping, this is especially important for last-minute purchases or urgent needs. The offline segment is still a crucial part of the market for surfing clothes and accessories, despite the convenience and wider product range that the internet segment offers. Physical surf shops continue to draw and keep clients who appreciate the offline buying experience by providing immersive experiences, individualized service, and a feeling of community in this niche sector.

Global Surfing Apparel and Accessories Market Share, by Region, 2022

The North American surfing apparel and accessories market generated the highest revenue in 2022. The market for surfing gear and accessories is dominated by the region of North America. North America has a growing market for businesses in this sector thanks to its extensive coastal areas and vibrant surfing culture. To improve their performance and protect themselves from the weather, surfers and water sports enthusiasts in the area have a strong need for high-quality and practical surfing equipment and accessories. In North America, there is a substantial presence of major surf brands and businesses that serve both professional and recreational surfers. Wetsuits, board shorts, rash guards, surfboards, fins, and other surfing gear are all available from these brands. The market in the area is distinguished by a wide variety of forms, styles, and technological breakthroughs, reflecting the dynamic nature of the surfing industry. The Vans US Open of Surfing and the Mavericks Challenge are two other well-known surfing tournaments and events held in North America that draw both domestic and foreign competitors. Brands of surfing apparel and accessories can promote their items at these events and raise their profile in front of an attentive audience. Both domestic and foreign firms are striving for market dominance in the North American market for surfing clothes and accessories. Consumers in the area have refined tastes and a propensity for products that provide a balance of sustainability, performance, and fashion. Overall, because of its vibrant surfing culture, coastal terrain, and enthusiastic consumer base, the North American area dominates the global market for surfing gear and accessories.

Competitive Scenario in the Global Surfing Apparel and Accessories Market

Investment and agreement are common strategies followed by major market players. A small number of well-established businesses and recent newcomers define the market. Many major businesses are concentrating more on the shifting industry trends. To maintain market share, they are expanding the range of services they offer. The firm debuted three new collections in February 2023 to coincide with its title sponsorship of the Hurley Pro Sunset Beach 2023 in North Shore, United States. Boardshorts, t-shirts, and hooded performance surf tops are included in the inaugural collection. Swimwear and a schedule of neighborhood activations are part of the second collection. The business purchased a 50% share in the fashion swimwear company It's Now Cool in October 2022. GLOBE INTERNATIONAL LIMITED assumed complete management of the company's activities and began marketing its goods in Europe, the U.S., and Australia.

Some of the leading surfing apparel and accessories market players are Billabong, Hurley, Inc., O’Neill, RVCA, Volcom, LLC, GLOBE INTERNATIONAL LIMITED, REEF, Roxy, Inc., and Curl. Ltd, Quiksilver, Inc.

Aspect

Particulars

Historical Market Estimations

2020-2022

Base Year for Market Estimation

2022

Forecast Timeline for Market Projection

2023-2032

Geographical Scope

North America, Europe, Asia-Pacific, and LAMEA

Segmentation by Product

  • Apparels
  • Accessories

Segmentation by Distribution Channel

  • Online
  • Offline

Key Companies Profiled

  • Billabong
  • Hurley, Inc.
  • O’Neill
  • RVCA
  • Volcom, LLC
  • GLOBE INTERNATIONAL LIMITED
  • REEF
  • Roxy, Inc.
  • Curl. Ltd.
  • Quiksilver, Inc.

 


Frequently Asked Questions
 

A. The size of the global surfing apparel and accessories market was over $9.32 billion in 2022 and is projected to reach $15.87 million by 2032.

A. Billabong and Hurley are some of the key players in the global surfing apparel and accessories market.

A. The North America region possesses great investment opportunities for investors to witness the most promising growth in the future.

A. Agreement and investment are the two key strategies opted for by the operating companies in this market.

A. Billabong, Hurley, Inc., O’Neill, RVCA, and Volcom, LLC, are the companies investing more in R&D activities for developing new products and technologies.

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