South Korea Longboard Surfboard Market was valued at USD 0.07 Billion in 2022 and is projected to reach USD 0.11 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The South Korean longboard surfboard market has witnessed significant growth in recent years, driven by the increasing popularity of surfing and the demand for high-performance surfboards. With its stunning coastline, South Korea offers an ideal environment for surfers, and the longboard surfboard market has become an essential part of the industry. As surfing continues to grow in popularity, it is important to understand the market dynamics and the requirements from various industries that influence its development.
Longboard surfboards, known for their stability and ease of use, have become a preferred choice for both beginner and advanced surfers in South Korea. The rise of surf schools, surfing competitions, and a growing number of beachgoers eager to experience the thrill of surfing has contributed to the growing demand for longboards. These surfboards are popular for their ability to glide smoothly across the water and provide an enjoyable surfing experience for riders of all skill levels.
In terms of market types, there are several categories within the South Korean longboard surfboard market. The most common type is the traditional single-fin longboard, which is known for its classic design and performance. Other types include the modern multi-fin longboard, which offers more maneuverability and control. The demand for multi-fin boards has been on the rise as surfers seek more versatility in their equipment. Additionally, there is also a growing trend toward eco-friendly longboards made from sustainable materials, reflecting the increasing awareness of environmental issues in South Korea.
The longboard surfboard market in South Korea also has a significant impact on the local economy. Surfboard manufacturers, retailers, and surf schools all play a crucial role in supporting the market. Manufacturers must meet the needs of the industry by producing high-quality boards that cater to a diverse range of surfing styles and preferences. Retailers, on the other hand, provide surfboards, accessories, and gear to consumers, often offering expert advice on selecting the right equipment. Surf schools contribute to the growth of the industry by providing lessons and promoting the sport to newcomers.
Industries that heavily rely on the longboard surfboard market in South Korea include tourism, outdoor sports, and retail. With the growing popularity of surfing, more tourists are visiting the country's coastal regions, leading to increased demand for surfboard rentals and lessons. Outdoor sports companies are capitalizing on this trend by offering surf-related products and services. Meanwhile, the retail sector continues to grow with surf shops and online stores offering a wide range of longboard surfboards and accessories to cater to the expanding customer base.
As the longboard surfboard market continues to expand, the demand for quality products and services is expected to rise, driven by both local enthusiasts and international visitors seeking the ultimate surfing experience in South Korea.
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Quiksilver
Hobie
Rusty Surfboards
Xanadu Surfboards
Boardworks Surf
Firewire Surfboards
Surftech
McTavish Surfboards
Keeper Sports
FCS
TAHE
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Longboard Surfboard Market
Classic Longboard
Fish Longboard
Pin Tail Longboard
Mini Longboard
Wood
Epoxy
Polyurethane
Carbon Fiber
Under 8 feet
8 to 9 feet
9 to 10 feet
Over 10 feet
Surfing
Recreational Riding
Competitive Surfing
Freestyle Longboarding
Beginner
Intermediate
Advanced
Professional
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Longboard Surfboard Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Longboard Surfboard Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Longboard Surfboard Market, By Type
6. South Korea Longboard Surfboard Market, By Application
7. South Korea Longboard Surfboard Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Longboard Surfboard Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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