About Wing Foil
Wing foiling also known as wing surfing is a water sport that has become more popular in recent times due to its ease of learning, the requirement of less wind, and its thrilling nature. Wing foiling is a more flexible option than some other sports such as kite surfing and less dangerous. Increased media coverage as uploading videos of athletes flying above waters and catching waves creates interest among people in wing surfing. Further, sports brands are diving into the wing surfing market and include wing surfing gears in their product portfolio.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.6% |
The key players are targeting the innovations of the Solutions with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Wing Foil 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.
Naish International (United States), Decathlon (France), DUOTONE (Austria), Takuma (Spain), F-One (France), Gong (United States), Takoon (France), Fanatic (Spain), Cabrinha (United States), FreeWing (Starboard) (Thailand), Slingshot Sports (United States), Sab Group Srl (Italy), NeilPryde (United States), Severne (Australia), Dakine Wind (United States) and Flysurfer (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Wing Foil market by and Region.
On the basis of geography, the market of Wing Foil 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 Components, the sub-segment i.e. Wing-Surfer will boost the Wing Foil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Professionals will boost the Wing Foil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Price Range, the sub-segment i.e. High-End will boost the Wing Foil 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. Carbon Fiber will boost the Wing Foil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Focus of Manufacturers on Development of New Material and Manufacturing Process in Wing Foil Technology
Market Growth Drivers:
Growing Popularity of Win Foiling for Fun and Water Sports Activity Among People Across the Globe Due to Its Safety and Requirement of Less Wind
Challenges:
Availability of a Large Number of Wing Foiling Manufacturers in the World
Restraints:
High Cost of Wing Foiling Equipment, Regulatory Frameworks, and Concerns About Environment Impact
Opportunities:
Some Manufacturers Offers Personalized or Customizable Wing Foiling Gears That May Create Significant Opportunities for Other Players in the Market and Availability of E-books and Online Courses For Wing Foiling to Reach Wider Audience
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Wing Foiling Gear Manufacturers, Suppliers, Distributors and Raw Material Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations 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.