Abstract: What`s New for 2022? -Global competitiveness and key competitor percentage market shares. -Market presence across multiple geographies – Strong/Active/Niche/Trivial.
New York, July 01, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Board Sports Industry” – https://www.reportlinker.com/p05775705/?utm_source=GNW
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Global Board Sports Market to Reach US$29 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Board Sports estimated at US$19.9 Billion in the year 2020, is projected to reach a revised size of US$29 Billion by 2027, growing at a CAGR of 5.5% over the period 2020-2027.Summer Boardsports, one of the segments analyzed in the report, is projected to grow at a 5.9% CAGR to reach US$26.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Snowboarding segment is readjusted to a revised 1.4% CAGR for the next 7-year period. This segment currently accounts for a 9.5% share of the global Board Sports market.
The U.S. Accounts for Over 49.3% of Global Market Size in 2020, While China is Forecast to Grow at a 6.2% CAGR for the Period of 2020-2027
The Board Sports market in the U.S. is estimated at US$9.8 Billion in the year 2020. The country currently accounts for a 49.3% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.6 Billion in the year 2027 trailing a CAGR of 6.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR while Rest of European market (as defined in the study) will reach US$1.6 Billion by the year 2027.
Select Competitors (Total 248 Featured) –
Aloha Boardsports, Inc.
Billabong International Limited
Body Glove International, LLC
Globe International Ltd.
Gul Watersports Ltd.
Meta-Sports CO Ltd.
Never Summer Industries
Nitro USA, Inc.
Rip Curl, Inc.
Read the full report: https://www.reportlinker.com/p05775705/?utm_source=GNW
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
As the Race between the Virus & Vaccines Intensifies, Review of
the World Economy in 2021 and Beyond
With IMF Making an Upward Revision of Global GDP for 2022,
Companies Remain Bullish About an Economic Comeback
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2020 through 2022
Surfing Gear Businesses Remain Alive & Kicking during COVID-19
EXHIBIT 2: …….