About Jet Surfboards
A jet surfboard is a motorized surfboard where the rider controls the speed with a handheld remote and uses the weight transfer to maneuver the board. Since the introduction of motorized surfboards, a new water sport has emerged known as jet surfing. With extraordinary growth in recent years, electrically powered surfboards have gained popularity worldwide. Jet surfing offers an enjoyable and exhilarating experience and is an innovative addition to traditional water sports. Motorized surfboards eliminate the difficulty of traditional surfboards because they can be ridden without wind or waves. There is also no tedious paddling required as the boards can be driven at the push of a button. Compared to conventional surfing, jet surfing is easy to learn and allows the user to master the sport in a short time. This makes this water sport suitable for a large audience with different physical conditions, age groups, experience levels, and driving styles. In addition, jet surfing has great application potential as it can be used on lakes, rivers, canals, seas, and oceans. Therefore, they are becoming attractive rental options for sea lovers and adventurers. On the other hand, they are also attractive "accessories" for yachts, sailing boats, and catamarans. The Jet Surfboard is made of 100% carbon fiber, making it the most robust hull with no additional weight. Due to its low weight, it can be carried on the back or over the shoulder to the beach and dropped into the water. The lightweight and portability of the jet surfboard make it a perfect toy no matter where you want to ride.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Jet Surfboards market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Jetsurf (United States), eFoil (United States), Lampuga (Germany), Waterwolf (Canada), Aquila, Inc. (United States), Radinn AB (Sweden), JetFoiler (United States), Torque Jet Boards (Australia) and SuperJet International (Italy) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Jet Surfboards market by Type (Electric Motor Type and Petrol Motor Type), Application (Individual Use and Commercial Use) and Region.
On the basis of geography, the market of Jet Surfboards has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Jet Surfboards market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Thermoplastic Elastomeric (TPE) will boost the Jet Surfboards market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Online Sales Channels and Market Strategies
Market Growth Drivers:
The Growing Popularity of Adventure Sports and Water Sports on a Worldwide Level, Increase in Family Vacations along Beach Side and Increasing Participation of Individuals and the Interest in Surfing among Adventure Enthusiast
Challenges:
High Competition between the Manufacturers
Restraints:
Fluctuated Price of Raw Materials
Opportunities:
Rising Disposable Income Increasing and Interest in Surfing as A Leisure Activity and Competitive Sport Is Booming the Growth Opportunities and Different Designs and Innovative Jet Surfboard
Market Leaders and their expansionary development strategies
May 2021, Powerboat P1 and Motosurf are set to collaborate in the United States, uniting two UIM disciplines to enhance the development of motorized surfboard racing in the USA."
September 2023, Marc Newson discusses his partnership with Fliteboard in creating the electric hydrofoil, the Fliteboard x Marc Newson eFoil, which offers a futuristic design and top-notch materials to ensure a seamless surfing experience."
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Jet Surfboards Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.