Global Stand Up Paddle Market Expected To Grow At 7.9 CAGR Over 2016-2020

Date: 2016-11-22

Stand up paddle boards (SUP) offer a fun, relaxing way to play on the water. With a minimum of gear, you can paddle ocean surf or placid lakes and rivers. Paddle boarding delivers a full-body workout and thus has become a popular cross-training activity. And since you stand at your full height, you can enjoy unique views of everything from sea creatures to what’s on the horizon. 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. 

Since the sport was documented in a 2013 report that identified it as the outdoor sporting activity with the most first-time participants in the United States that year, the sport become more and more popular recent years, according to report, global Stand Up Paddle is expected to grow at 7.9 CAGR over 2016-2020.

New SUP board prices range from US$600 to US$3500 and most use glass-reinforced plastic construction using polyester or epoxy resin that is compatible with the polyurethane or expanded polystyrene foam used in the core. Some SUP boards use a hollow wood construction instead of foam with epoxy resin.

Geographically, America is largest market across the world, Hawaii is the original birth place for the Stand Up Paddle sporting, according to report, the America is expected to register at a CAGR of 7.8% over 2016-2020, the region followed by Europe, which also growing at over 6.0% annually.

According to the Outdoor Foundation’s 2013 Outdoor Participation Report, stand up paddle boarding was listed as the most popular outdoor activity among first-time participants. The report stated that the median age for stand up paddle boarding was 28 years old.

Stand Up Paddle market share by region as following:

stand-up-paddle

Read Full Report: http://www.gosreports.com/global-stand-up-paddle-board-paddle-industry-2016-market-research-report/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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