The global stand-up paddleboard market is expected to grow at a CAGR of 6.62% during the forecast period. Based on the product, the global stand-up paddleboard market has been segmented into inflatables and hard boards. As per the latest market research report published by Technavio, the stand-up paddleboard market size will grow by USD 111 million during 2019-2023. Get the free sample report below for the detailed information.
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Inflatable stand-up paddleboards cost considerably lower than their hardboard counterparts, which is one of the key factors driving the adoption across the world. They are especially becoming popular among first-time stand-up paddle boarding participants, beginners, stand-up paddleboard rental stores, and training schools. Other advantages of inflatable stand-up paddleboards include durability, portability, and ease of storage. High quality inflatable stand-up paddleboards are generally made using high-density drop stitch material with a double layer of PVC Tarpaulin to make them more durable.
The development of inflatable stand-up paddleboards have made stand-up paddleboard equipment more accessible to consumers and led to higher participation rates in recent years. For example, the UK and Germany are not popular destinations for water sports activities, but the advent of low-cost inflatable stand-up paddleboards has spurred the growth of the stand-up paddleboard industry in these countries. Hence, the inflatable stand-up paddleboard segment is expected to dominate in the global stand-up paddleboard market during the forecast period. To know the complete and in-depth analysis and forecast of this market get the complete report by clicking the link below.
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