Surfing Apparel and Accessories Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0193043
  • Format: Electronic (PDF)
  • Number of Pages: 178
  • Author(s): Joshi, Madhavi

Report Overview

The Surfing Apparel and Accessories Market size was estimated at USD 3.2 billion in 2023 and is projected to reach USD 8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 14.00% during the forecast period (2024-2030).

Surfing Apparel and Accessories Market

(Market Size)
$3.2 billion
$8 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 14.00%
2023 Market Size USD 3.2 billion
2030 Market Size USD 8 billion
Key Players Quiksilver, Billabong, Rip Curl, O’Neill, Hurley

Market Summary

The global surfing apparel and accessories market is a dynamic segment within the consumer goods industry, catering to a dedicated and expanding consumer base. This market encompasses a wide range of products designed for performance, protection, and style in surfing activities. Key product categories include wetsuits, rash guards, board shorts, bikinis, and leashes, alongside accessories like surfboard bags, traction pads, and wax. The market is intrinsically linked to the popularity of surfing as a sport and lifestyle, which has seen significant growth due to increased media exposure, including its inclusion in the Olympic Games. Consumer demand is driven by a blend of functional requirements, such as durability, flexibility, and thermal protection, and fashion trends that emphasize brand identity and aesthetic appeal. The industry is characterized by a mix of large multinational corporations and smaller niche brands that often emphasize sustainability, innovation in material science, and authentic surf culture. The market's evolution is closely tied to coastal tourism, environmental awareness concerning ocean health, and the overall economic vitality of regions with strong surf cultures.

Key Highlights

The surfing apparel and accessories market is distinguished by several pivotal factors. A paramount highlight is the intense focus on technological innovation, particularly in neoprene alternatives and sustainable materials, as brands respond to environmental concerns and consumer demand for eco-friendly products. The integration of style with performance is another critical aspect, where functionality meets fashion, allowing products to transition from the waves to casual wear, thereby expanding their appeal and usage occasions. The market is also significantly influenced by professional surfers and social media influencers, whose endorsements and personal brand collaborations powerfully shape consumer preferences and brand perceptions. Furthermore, the direct-to-consumer sales model has gained substantial traction, enabling brands to foster closer community relationships, control brand narrative, and gather valuable consumer data. The resurgence of vintage styles and logos also represents a key trend, tapping into nostalgia and the heritage of surf culture. Lastly, the market demonstrates resilience and adaptability, consistently innovating to meet the demands of diverse global climates and surfing conditions.

Drivers, Opportunities & Restraints

The growth of the surfing apparel and accessories market is propelled by several key drivers. The rising participation in surfing and other water sports, fueled by greater media coverage and its Olympic status, expands the consumer base. Increasing disposable income in emerging economies allows more individuals to invest in hobby-related gear. A strong and growing consumer emphasis on health, wellness, and outdoor activities further supports market expansion. Significant opportunities exist in the development and marketing of sustainable products, as eco-consciousness becomes a major purchasing factor. Technological advancements in material science that enhance product performance and comfort present another avenue for growth. Expanding into untapped geographical markets with growing middle classes and coastlines offers substantial potential. However, the market faces notable restraints. The high cost of specialized technical apparel can limit market penetration among casual participants. The industry's dependence on coastal tourism and activities makes it vulnerable to seasonal fluctuations and economic downturns that affect disposable income. Furthermore, intense competition from both established brands and new entrants can pressure margins and market share. Stringent regulations concerning chemical use in manufacturing and environmental protection also pose challenges to operational practices.

Concentration Insights

The global surfing apparel and accessories market exhibits a concentration of activity and influence in specific regions and among a core group of companies. The market is largely consolidated with a handful of major players holding significant shares, yet it retains a fragmented character due to the presence of numerous small and medium-sized enterprises that cater to niche segments and local markets. Geographically, the market is heavily concentrated in regions with historically strong surf cultures, such as North America, Australia, and parts of Europe like France and Portugal. These regions are not only major consumption hubs but also serve as central points for design, innovation, and brand storytelling. The concentration of manufacturing, however, is often located in countries across Asia-Pacific, which offer cost-effective production capabilities. This geographical separation between branding and manufacturing is a defining feature of the industry's structure. The market's concentration is also evident in retail, with specialist surf shops, brand-owned stores, and large sporting goods retailers acting as key distribution channels, though e-commerce is rapidly becoming a dominant force.

Type Insights

The surfing apparel and accessories market is segmented by type into several distinct categories, each serving specific functional and aesthetic purposes. Apparel constitutes the largest segment, primarily consisting of wetsuits, which are essential for thermal insulation in colder waters and are continuously evolving with new seam technologies and sustainable materials like limestone-based neoprene. Rash guards protect against sun exposure and skin irritation from the surfboard, often incorporating UPF ratings and quick-dry fabrics. Board shorts and swimwear, including bikinis, are designed for mobility, durability, and style, frequently featuring designs from renowned artists. The accessories segment includes critical items such as leashes, which ensure surfer and board safety, and traction pads that provide grip on the surfboard. Other accessories encompass surfboard bags for protection, wax for board traction, and footwear for rocky entries. Each product type is subject to trends in fashion, material innovation, and sustainability, with brands competing on technical specifications, brand authenticity, and design appeal to capture consumer interest.

Application Insights

The application of surfing apparel and accessories extends across various user groups and settings, defining product development and marketing strategies. The primary application is, unequivocally, for actual surfing and water sports, where performance attributes like flexibility, warmth, protection, and durability are paramount. Products are engineered for specific water temperatures and conditions, leading to a diverse range of wetsuit thicknesses and designs. A significant secondary application is casual and lifestyle wear. The iconic styles associated with surf culture have been adopted into mainstream fashion, meaning board shorts, rash guards, and branded t-shirts are worn far from any beach. This dual application greatly expands the addressable market for these products. Furthermore, there is application in other complementary water sports such as paddleboarding, bodyboarding, and kite surfing, which have overlapping gear requirements. The accessories also find application in the maintenance and transportation of surfing equipment, ensuring longevity and ease of use. Understanding these diverse applications is crucial for brands to effectively target different consumer segments and usage occasions.

Regional Insights

The demand and characteristics of the surfing apparel and accessories market vary significantly by region, influenced by local culture, climate, and economic factors. North America, particularly the United States, represents a mature and dominant market, driven by a deep-rooted surf culture in states like California and Hawaii and high consumer spending power. Europe holds a substantial share, with strong markets in France, the UK, Portugal, and Spain, supported by extensive coastlines and a thriving tourism industry connected to water sports. The Asia-Pacific region is identified as a high-growth market, fueled by increasing disposable incomes, growing popularity of surfing in countries like Indonesia, Sri Lanka, and the Philippines, and rising tourism in coastal areas. Australia and New Zealand are established markets with a very strong local surf culture and high per capita consumption of related goods. Latin America, with countries like Brazil and Costa Rica, also presents a significant market due to its famous surf breaks and growing local interest. Each region demands tailored product offerings, especially in apparel designed for its specific water temperatures and cultural style preferences.

Company Insights

The competitive landscape of the surfing apparel and accessories market features a blend of global giants and revered specialist brands. Major players such as Boardriders, which owns iconic labels including Quiksilver, Roxy, and DC Shoes, hold a significant market share due to their extensive distribution networks and broad brand portfolio. VF Corporation, through its brand Billabong, is another powerhouse with a strong heritage and global presence. Nike and Adidas also compete in certain segments, leveraging their vast marketing resources and athletic wear expertise. Alongside these corporations, numerous independent and highly influential brands thrive by emphasizing core surf authenticity, innovation, and sustainability. Examples include Patagonia, known for its environmental activism and recycled materials; Hurley, which focuses on youth culture and athlete partnerships; and Rip Curl, celebrated for its technical wetsuits and watchful branding. Other notable participants include O'Neill, Volcom, and Body Glove. The market competition is intense, based on brand image, product innovation, athlete endorsements, and the ability to connect with the authentic values of the surf community.

Recent Developments

The surfing apparel and accessories market has been active with strategic developments focused on sustainability, expansion, and digital engagement. A prominent trend is the accelerated shift towards circular economy models, with brands launching repair programs, recycling initiatives for old wetsuits, and expanding product lines made from recycled materials such as discarded fishing nets and plastic bottles. There has been a surge in collaborations between surf brands and high-fashion or streetwear labels, aiming to reach new audiences and rejuvenate brand image. Acquisitions and mergers continue to shape the landscape as larger entities seek to consolidate market share and acquire innovative smaller brands. Digitally, companies are heavily investing in enhancing their e-commerce platforms and utilizing social media marketing, virtual try-on tools, and content creation to engage directly with consumers. Furthermore, brands are increasingly focusing on inclusivity, expanding size ranges and marketing campaigns to cater to a more diverse demographic of surfers. Investment in research and development for bio-based materials and cleaner production processes remains a key area of focus across the industry.

Report Segmentation

This comprehensive market research report on the global surfing apparel and accessories industry provides a detailed analysis segmented across multiple dimensions to offer granular insights. The segmentation by type delves into the various product categories, including wetsuits, rash guards, board shorts, swimwear, and accessories such as leashes, bags, and wax, analyzing the trends, growth potential, and consumer preferences within each category. The segmentation by application distinguishes between products designed primarily for men, women, and children, recognizing the unique design, fit, and marketing approaches required for each demographic. Geographically, the report provides an in-depth regional analysis covering key markets such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, examining regional dynamics, growth drivers, and competitive scenarios. Furthermore, the report includes a detailed company profiling section, which assesses the market share, product portfolios, and strategic initiatives of leading and emerging players. This multi-faceted segmentation allows for a thorough understanding of the market structure, enabling stakeholders to identify high-growth segments and lucrative opportunities.

FAQs

What materials are commonly used in surfing wetsuits? Traditional surfing wetsuits are primarily made from neoprene, a synthetic rubber that provides excellent insulation. However, advancements have led to the use of alternative materials like Yamamoto neoprene, which is more flexible, and sustainable options such as neoprene derived from limestone or recycled PET bottles. Many brands also incorporate lining materials like fleece for added warmth and quick-drying fabrics.

How do I choose the right wetsuit thickness? Choosing the right wetsuit thickness is critical for comfort and safety and depends entirely on water temperature. Thinner suits, around 2-3mm, are ideal for warm water. For cooler conditions, 4/3mm suits are common, and cold water requires thicker 5/4mm or 6/5/4mm suits. It is essential to consult a water temperature guide specific to your location and season.

What is the purpose of a rash guard? A rash guard serves multiple purposes. Its primary function is to protect the torso from skin irritation, or "rash," caused by friction with the surfboard wax. Secondly, it offers protection against harmful UV rays from the sun, with many guards rated UPF 50+. Additionally, it provides a thin layer of warmth and is often worn under a wetsuit for easier on/off.

Which regions are the largest markets for surfing apparel? The largest markets for surfing apparel are traditionally found in regions with strong surf cultures and high disposable incomes. This includes North America, particularly the coastal United States, and Australia. Europe, specifically France and the UK, also represents a significant market. The Asia-Pacific region is rapidly emerging as a major growth market due to increasing sport popularity.

What are the key sustainability trends in this market? Key sustainability trends include the development of wetsuits made from non-petroleum-based materials like natural rubber or recycled neoprene. There is a strong push towards using recycled polyester and nylon in apparel. Brands are also implementing circular economy practices, such as take-back programs for old gear, reducing water usage in manufacturing, and ensuring ethical supply chains.

Who are the leading companies in the surfing apparel market? The market is led by a mix of large corporations and independent brands. Major players include Boardriders, which owns Quiksilver and Roxy; VF Corporation, owner of Billabong; and Rip Curl. Other significant competitors include O'Neill, Patagonia, Hurley, and Volcom. These companies compete on brand heritage, innovation, athlete sponsorships, and sustainability initiatives.

The Global Surfing Apparel & Accessories Market size was valued at $XX billion in 2023, and is anticipated to reach $XX billion by 2030, growing at a CAGR of XX% during the forecast period. Citius Research has developed a research report titled “Surfing Apparel & Accessories Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Surfing Apparel and Accessories Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Surfing Apparel & Accessories Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Surfing Apparel and Accessories Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Surfing Apparel and Accessories Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Surfing Apparel & Accessories Market
• Research Methodology
• Executive Summary
• Market Dynamics of Surfing Apparel & Accessories Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Surfing Apparel & Accessories Market
• Cost and Gross Margin Analysis of Surfing Apparel & Accessories Market
• Surfing Apparel & Accessories Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Surfing Apparel & Accessories Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Surfing Apparel and Accessories Market Key Stakeholders

Below are the key stakeholders for the Surfing Apparel & Accessories Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Surfing Apparel & Accessories Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Surfing Apparel & Accessories Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Surfing Apparel & Accessories Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Surfing Apparel & Accessories Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Surfing Apparel & Accessories Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Surfing Apparel and Accessories Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Surfing Apparel and Accessories Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Surfing Apparel and Accessories Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Surfing Apparel and Accessories Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Surfing Apparel and Accessories Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Surfing Apparel and Accessories Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Surfing Apparel and Accessories Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Surfing Apparel and Accessories Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Surfing Apparel and Accessories Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Surfing Apparel and Accessories Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Surfing Apparel and Accessories Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Surfing Apparel and Accessories Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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