Surfboard Industry and its Dynamics

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Surfing activities continue to appeal to surfers seeking adventure, enjoyment, and excitement. Surfboards with electric propulsion allow surfers to enjoy the sport even when there are no waves. The growth of electric water sports, particularly the electric surfboard, is predicted to change the face of the surfing business.

Electric surfboards' improved qualities in terms of superior torque and higher water propulsion provide surfers with a better surfing experience than traditional surfboards, resulting in their growing popularity.

Sustainability in the surfboard industry is a topic that all businesses involved in surfing are thinking about.

Surfboard producers are introducing sustainable surfboards in an effort to establish market sustainability standards and match the criteria of the ECOBOARD project. For example, FireWire, a renowned surfboard manufacturer in Australia, has made a significant effort to produce environmentally friendly surfboards.

Furthermore, the harmful polyurethane foam has been replaced with an environmentally benign substitute, such as expanded polystyrene (EPS). Channel Islands, another industry pioneer, has released CI's MINI boards, which are both inexpensive and environmentally friendly.

 

The surfing business has had a meteoric development in the last two decades, owing to rising demand for recreational sports, millennials' predilection for adventure sports, and large stakeholder investments in the introduction of fun-filled and effective water sports equipment. Adventure tourism, which includes surfing, is a rapidly increasing segment of the profitable tourist sector, according to a research by the World Tourism Organization.

While the surfing business continues to grow at a rapid pace, sustainability concerns continue to stymie the industry's progress, limiting the surfboard market's expansion.

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