The report forecasts the global bodyboard market to grow at a CAGR of 7.51% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A trend which is playing a key role in boosting market growth is the introduction of advanced manufacturing techniques. Manufacturers have introduced advanced manufacturing techniques to improve and shorten the manufacturing process. The introduction of CAD/CAM has simplified the design process. The designers can create a 3-D image of a new board design, change contours and dimensions, print a finished drawing, and contour templates. This saves a considerable amount of time compared to the manual methods of building boards.
According to the report, a key growth driver is the worldwide growth in surfing activities. The ISA is the global governing authority for bodysurfing, surfing, stand-up paddle racing and surfing, wake surfing, and other wave-riding sports. It has introduced educational courses worldwide for the growth and development of surfing worldwide. The courses aim to develop knowledge, abilities, and skills required for surfers and take a scientific approach to the coaching of surfing. Its coaching and instructing programs aim at establishing global industry standards of quality, efficacy, and safety for surfing and stand-up paddling coaches and instructors.
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?