Stand Up Paddle Board Market to Grow at CAGR of 11.9% through 2018 to 2028
Prospects of stand up paddle (SUP) board market continue to remain bullish, as surging interest in outdoor recreational activities, coupled with wider availability of SUP boards induce momentum, finds a new study. Stand up paddle board sales are also positively influenced by growing popularity of water sports, with Fact.MR’s recent analytical study forecasting an 11.9% value CAGR through 2028. The surge in SUP boarding’s popularity has encouraged vendors in introducing new stand up paddle boards that impart better experiences. Development of multi-purpose or multi-functional SUP boards, which perform well in different environments, is a key focus area of prominent market vendors. Convergence of key factors such as rising number of stand up paddle rental centers with well-experienced and licensed instructors, and product availability via various networks, has been favoring well for the market’s growth. Inflatable SUP Boards Gaining Ground, as Manufacturer Focus Shifts to Material...