Lewes, DE -- (SBWIRE) -- 12/27/2016 -- Report forecast the global stand-up paddle board market to grow at a CAGR of 15.05% during the period 2016-2020.

The soft adventure sporting goods market, especially SUP board, holds great growth potential globally. It is mainly driven by the growing interest of consumers in outdoor recreational activities and the availability of a wide range of SUP boards. In addition, the tourism industry has also encapsulated water sports among the various activities available for domestic and international tourists.

The report covers the present scenario and the growth prospects of the global stand-up paddle board market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of SUP boards and accessories to individual consumers.

The market is divided into the following segments based on geography:
- Americas
- Europe
- ROW

According to the report, increased consumers' preference for nature-based outdoor adventures can lead to the demand for water sporting equipment. The increased interest in recreational water sports is expected to be a key driver of the global SUP board market during the forecast period. Along with traditional water sporting activities, the youth today is participating and showing a budding interest in many novel water sports activities, including SUP boarding.

Further, the report states that SUP boards are relatively high priced, and this associated price with SUP boarding tends to restrict the potential market growth, especially among people engaging in paddle boarding casually. The average cost of quality SUP boards is more than $2,050. This high cost of SUP boards offered by global vendors results in a significant challenge to the renowned global vendors. This is because many people do not purchase such high-priced paddle boards and only prefer renting them.

Global Stand-Up Paddle Board Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global stand-up paddle board market: BIC Sport, Naish, Red Paddle, Starboard, and Tower.

Other Prominent Vendors in the market are: AIRHEAD SUP, Aqua Marina, Imagine Paddle Surf Co., RAVE Sports, Solstice Sports, and Surftech.

Market driver
- Increased adoption of SUP boards
- For a full, detailed list, view our report

Market challenge
- Preference for rentals due to high costs of SUP boards
- For a full, detailed list, view our report

Market trend
- Availability of I-SUPs
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 60 pages and 30 Exhibits "Global Stand Up Paddle Board Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product type, Market segmentation by distribution channel, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-stand-paddle-board-market-2016-2020

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