About Hydrofoil Surboards
Hydrofoil Surboards are known as foils, which are equipped with hydrofoil attached beneath the board allows the board to lift up and move smoothly above the water surface. The board rises above the waves and lift up to produce by hydrofoils. It is perfect for the range of circumstances which enable the surfer to retain there speed in small or rough waves. Hydrofoil surboards are powered by an electric motor, which makes them environmentally friendly and quiet. They are also relatively easy to learn to ride, as they are more stable than traditional surboards. Hydrofoil surboards are still a relatively niche product, but they are becoming increasingly popular as people become more aware of their benefits. They are a great option for surfers of all levels who are looking for a new and exciting way to experience the sport. The market can grow with increasing awareness of the benefits of hydrofoil surboards, expanding product offerings, and growing disposable income levels in many parts of the world, the hydrofoil surboard market is well-positioned for continued growth in the coming years.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market report lists the major players involved in the Hydrofoil Surboards company profile chapters. The major players in the market are evaluated based on their product and/or service offerings, financial statements, key developments, strategic approach to the market, position in the market, geographical penetration, and other key features. The competitive landscape section of the covers details in terms of the top five company’s ranking, key developments such as recent developments, partnerships, mergers and acquisitions, new product launches, etc. 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.
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) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Takuma (France), Fanatic (Germany), JP Australia (Germany), NeilPryde (Germany) and RRD (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Hydrofoil Surboards market by Type (Electronic Hydrofoils Surfboards, Ordinary Hydrofoils Surfboards and Aluminum Hydrofoils Surfboards), Application (Entertainment, Sports Competition and Others) and Region.
On the basis of geography, the market of Hydrofoil Surboards 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 End Users, the sub-segment i.e. Corporates will boost the Hydrofoil Surboards market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Hydrofoil Surboards market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Carbon Fiber will boost the Hydrofoil Surboards market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising popularity of Water sports and Increasing awareness of hydrofoil surfboard benefits
Market Growth Drivers:
Technological advancements of hydrofoil design
Challenges:
Difficulty in handling due to bulk board
Restraints:
High Cost of Services
Opportunities:
Rising demand of recreational activities
Market Leaders and their expansionary development strategies
In May 2023, Fone acquires Armstrong Foils, a hydrofoil manufacturer. The acquisition will give Fone a stronger foothold in the hydrofoil market and it will also allow the company to offer a wider range of hydrofoil products.
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.
Key Target Audience
Potential Investors, Customers, Market Research and Consultancy firm and Others
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.