What is Hydrofoil Surfboards Market Scope?
Hydrofoil Surfboards 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 surfboards 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 surfboards. Hydrofoil surfboards 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 surfboards, expanding product offerings, and growing disposable income levels in many parts of the world, the hydrofoil surfboard market is well-positioned for continued growth in the coming years
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
The Hydrofoil Surfboards market study is being classified by Type (Electronic Hydrofoils Surfboards, Ordinary Hydrofoils Surfboards and Aluminium Hydrofoils Surfboards), by Application and major geographies with country level break-up.
According to AMA, the Global Hydrofoil Surfboards market is expected to see growth rate of 4.9% and may see market size of USD30095.0 Million by 2028.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.
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 profiled in the study. Additionally, the Vendors which are also part of the research are Takuma (France), Fanatic (Germany), JP Australia (Germany), NeilPryde (Germany) and RRD (Italy).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Hydrofoil Surfboards market by Type, Application and Region.
On the basis of geography, the market of Hydrofoil 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).
Market Influencers and their Development Strategies
In May 2023, Fone acquires Armstrong Foils, a hydrofoil manufacturer. The acquisition was to give Fone a stronger foothold in the hydrofoil market and it 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.
Hydrofoil Surfboards Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Hydrofoil Surfboards Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Hydrofoil Surfboards industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.