GLOBAL SURFING TOURISM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The global surfing tourism market is estimated to be valued at USD 10.69 Bn in 2024, growing at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031. Surfing tourism is a multi-billion dollar global industry that is growing rapidly. As awareness regarding the health benefits of surfing and adventure tourism increases, more people are traveling to popular surfing destinations around the world. Regions such as Bali, Hawaii, and Southern California in the U.S. have long been hotspots for surfing tourism due to their ideal wave conditions and surf culture. However, emerging surfing destinations in countries like Mexico, Peru, Portugal, and Australia are also gaining popularity. The consistent research and development of high-performance surf boards and wetsuits has made the sport more accessible. Furthermore, destination countries and local businesses have invested in surf infrastructure like boarding schools and hostels to promote surf tourism. This has spurred tremendous growth in the global surfing tourism market over the past decade.

 Market Dynamics:

The global surfing tourism market is driven by several factors. The growing popularity of adventure and water sports as a way to lead an active lifestyle and disconnect from technology has boosted surf tourism. Furthermore, improvements in surf forecasting technology allow tourists to plan trips around optimal wave conditions. Social media has played a major role in promoting stunning surfing destinations and a vibrant beach culture. However, factors such as periodic changes in weather patterns disrupting surf seasons and vulnerability of destinations to environmental disasters can negatively impact the market growth. On the other hand, many remote surfing locations remain undiscovered which presents opportunities for future growth. Sustainable surf tourism practices that promote environmental conservation and local communities will be key.

 Key Features of the Study:

• This report provides an in-depth analysis of the global surfing tourism market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global surfing tourism market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Driftwood Mentawai, 360° Travel - Sports Travel Agency, Perfect Wave, ZOCOTRAVEL, Wavehunters, Global Surf, Waterways Surf Adventures., Nomad Surfers, Atoll Travel, The Ocean Spell Surf Travel Agency, LUEX, Surf The Earth, World Surfaris, True Blue Travel, and CR Surf Travel Co.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global surfing tourism market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global surfing tourism market

Market Segmentation

• By Tour Type:
• • Domestic
  • International
• By Consumer Orientation:
• • Men
  • Women
• By Tourist Type:
• • Independent Traveler
  • Tour Group
  • Package Traveler
• By Accommodation Type:
• • Hotels
  • Hostels
  • Private Rentals/Homestays
  • Others
• By Regional:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Driftwood Mentawai
  • 360° Travel - Sports Travel Agency
  • Perfect Wave
  • ZOCOTRAVEL 
  • Wavehunters 
  • Global Surf
  • Waterways Surf Adventures.
  • Nomad Surfers
  • Atoll Travel
  • The Ocean Spell Surf Travel Agency
  • LUEX
  • Surf The Earth
  • World Surfaris
  • True Blue Travel
  • CR Surf Travel Co.