Global Stand-up Paddleboard Market 2019-2023 | Innovations in SUPs to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–lt;a href="" target="_blank"gt;#Researchlt;/agt;–The global stand-up paddleboard market is expected to post a CAGR of
close to 7% during the period 2019-2023, according to the latest market
research report by Technavio.

Stand-up paddleboards (SUPs) help in creating an ambient and relaxing
environment while practicing yoga and doing exercises as it requires no
steep learning curve or extensive training. Many training facilities and
instructors across the US and European countries have started offering
SUP yoga classes. SUPs can also serve as multi-purpose alternatives for
fishing boats, kayaks, and canoes. The growing adoption of SUPs for such
activities is, therefore expected to see an uptick in demand during the
forecast period.

As per Technavio, the innovations in SUPs will have a positive impact on
the market and contribute to its growth significantly over the forecast
period. This global
stand-up paddleboard market 2019-2023
research report
also analyzes other important trends and market drivers that will affect
market growth over 2019-2023.

This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing

Global stand-up paddleboard market: Innovations
in SUPs

Major industry players are shifting steadily from standardized all-use
inflatable SUPs to premium purpose-oriented SUPs such as lightweight and
high-performance variants for racing, and broad and stable ones for
fishing or exercising. Manufacturers have begun focusing on adopting
innovative technologies and using novel materials in their new SUP
product ranges. Some latest innovations being incorporated into SUP
design include attachment fixtures for action cameras, GPS units, and
other gear. Such changes are geared towards making SUPs more
user-friendly, durable, and give them greater utility, which in turn is
expected to boost the growth of the global stand-up paddleboard market.

“Apart from innovations in SUP, the growing adoption of SUPs for
adventure tourism, its popularity in emerging countries and the
partnerships and M&A’s in the SUP industry are some of the major aspects
which will boost the expansion of the global market,”
says a senior
analyst at Technavio.

Global stand-up paddleboard market:
Segmentation analysis

This market research report segments the global stand-up paddleboard
market by product (inflatables and hard boards), by distribution channel
(sports goods and retailers, department stores, online retailers) and
geographical regions (North America, Europe, APAC, South America, MEA).

The North American region led the market in 2018, followed by Europe,
APAC, South America, and MEA. However, during the forecast period, the
APAC region is expected to register the highest incremental growth.

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Market Landscape

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  • Market characteristics
  • Market segmentation analysis

Market Sizing

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Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
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Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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