Two words: surfing boards.
Yesterday, it was revealed that world famous surfboard shaper Matt Biolos had drastically changed his look, transitioning from Orange County bad boy to cool mom chic. Today, we maybe learn why. Yahoo! Finance, in partnership with market analysis organization Report Linker, has projected that the “global surfing board market” is on pace to balloon to $11.5b by 2027 and WHOA let us study the details together:
– Global Surfing Boards Market to Reach $11.5 Billion by 2027
– Amid the COVID-19 crisis, the global market for Surfing Boards estimated at US$7.8 Billion in the year 2020, is projected to reach a revised size of US$11.5 Billion by 2027, growing at a CAGR of 5.7% over the period 2020-2027.
– The U.S. Market is Estimated at $2.1 Billion, While China is Forecast to Grow at 9.2% CAGR
– The Surfing Boards market in the U.S. is estimated at US$2.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2027 trailing a CAGR of 9.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
And WOW do you think co-Waterperson of the Year Dirk Ziff wishes he bought …Lost Enterprises instead of the World Surf League? I’d imagine or at least hope.
Also, China. If we had our wits about us, we’d move there, open a shaping shack and get in on some of that $2.5b. We could live in Fuzhou, described by noted travel writer Bo Brennan thusly, “When I stepped outside of the Fuzhou train station last year, I felt an overwhelming sense of apathy.”