The article cited AMA's Global Hydrofoil Surfboards Market Study explored substantial growth with CAGR of 4.9%. According the report, Rising popularity of Water sports
is one of the primary growth factors for the market. Technological advancements of hydrofoil design is also expected to contribute significantly to the Hydrofoil Surfboards market. Overall, Entertainment
applications of Hydrofoil Surfboards, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Lift Foils (United States), Liquid Forces (United States), Radinn (Canada), Fone (France), Waydoo (China), Gong Surfboards (France), Zeeko (United States), SLC Foils (United States), Armstrong Foils (United States) and Hyperlite (Untied States) may see astonishing sales in this Market and certainly improve revenue growth.
The Distribution Channel, such as Online, is boosting the Hydrofoil Surfboards market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Material Type, such as Carbon Fiber, is boosting the Hydrofoil Surfboards market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Hydrofoil Surfboards market identified that the demand is rising in many different parts of the world as "Rising demand of recreational activities". Furthermore, some recent industry insights like "In May 2023, Liquid Force announced the launch of their new Curve foil board. The Curve is a high-performance board that is designed for experienced riders. It features a progressive outline and a rocker that helps to reduce drag." is constantly making the industry dynamic. One of the challenges that industry facing is "Difficulty in handling due to bulk board"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Hydrofoil Surfboards market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Hydrofoil Surfboards market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Hydrofoil Surfboards market tight? Which application/end-user category or Product Type [Electronic Hydrofoils Surfboards, Ordinary Hydrofoils Surfboards and Aluminium Hydrofoils Surfboards] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Hydrofoil Surfboards market and other related sub-markets covered in the study.
o Key & emerging players in the Hydrofoil Surfboards market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Hydrofoil Surfboards market size is calculated using market estimation process, the Hydrofoil Surfboards market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Hydrofoil Surfboards market size has been validated using both top-down and bottom-up approaches.