Racing SUP refer to racing stand up paddle. Stand up paddle surfing and stand up paddle boarding is an offshoot of surfing that originated in Hawaii. Unlike traditional surfing where the rider sits until a wave comes, stand up paddle boarders stand on their boards and use a paddle to propel themselves through the water.
Due to the COVID-19 pandemic, the global Racing SUP market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Racing SUP market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Racing SUP landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
Surf Boards accounting for % of the Racing SUP global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Sporting Goods Retailers segment is altered to an % CAGR throughout this forecast period and will hold a share about % in 2028.
The global major manufacturers of Racing SUP include BIC Sport, Naish, Red Paddle, Starboard, Tower, AIRHEAD SUP, Aqua Marina, Imagine Paddle Surf and RAVE Sports, etc. In terms of revenue, the global 3 largest players have a % market share of Racing SUP in 2021.
This report focuses on Racing SUP volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Racing SUP market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.
Global Racing SUP Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Surf Boards
Allround Boards
Race Boards
Segment by Application
Sporting Goods Retailers
Online
Supermarkets
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
BIC Sport
Naish
Red Paddle
Starboard
Tower
AIRHEAD SUP
Aqua Marina
Imagine Paddle Surf
RAVE Sports
Solstice Sports
Surftech