Hydrofoil Surfboard Market 2021-2030 Trending Now

New study reports “Surfboard Hydrofoil Market 2021, Global Key Players Analysis, Share, Trends, Business Updates, Forecast of Future Opportunities Till 2030 ″ has been added.

This Hydrofoil Surfboarding Market report is a decisive source of industry insight, important facts and figures, expert opinions, and the latest developments across the globe. This market report functions as an outstanding resource which provides recent and upcoming technical and financial details of the industry till 2030. As it is a fact that competitive analysis is the major aspect of any research report market, the report covers many points including strategic profiling. key players in the market, analyze the core competencies of key players and map out a competitive landscape for the market.

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In terms of revenue, the global surfboard hydrofoil market is estimated to be worth US $ 1,567.80 million in 2020 and is expected to reach US $ 2,276.03 million by 2030, with a CAGR of 3.4 % over the forecast period. Major players in the global surf hydrofoils market include Airush Kiteboarding, AXIS Kiteboarding, BOARDS & MORE GmbH, Fliteboard, FLY 4 ALL SA (TAAROA), Foil Smart, Go Foil, Inc., Liquid Force Wakeboards, LOKEFOIL, MAUI FIN COMPANY , Melos Hydrofoil Factory, Moses HF, Naish International, Pau Hana Surf Supply, StarBoard Foils and VeConcepts, among others.

Characteristics mentioned in the report

  1. Changing industry market dynamics
  2. To get a complete overview of the Hydrofoil Surfboard Market.
  3. Historical, current and projected market size in terms of volume and value
  4. Deep market segmentation
  5. Competitive landscape

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Market Snapshot / Industry Trends

Foil boarding is one of the fastest growing water sports in the world, complementing the sporting activities of surfing. Water sports are one of the most popular adventure sports for young people around the world. The water sports industry has grown due to the introduction of new sports and the improvement of existing sports by the latest technology. Surfing is one of the most popular water activities. Since its inception as a sporting activity in the early 1900s, surfing has undergone various transformations and instilled new methods of practicing the sport. Surfing, in its original meaning, is a sport in which the surfer surfs the waters of the sea while balancing on a board. The waves were used to propel the board towards the shore.

Later, various other forms of propulsion such as wind, boat, paddle and others were introduced into surfing to transform the experience of windsurfing. One of those developments are foils, which were introduced into surfing to reduce the drag force exposed on surfboards. The foils which are attached to a mast under the surfboard are partially submerged in the water lifting the board and reducing the surface subjected to friction. Hydrofoils have grown in popularity due to the enriched experience they offer to surfers and the number of surfing activities that can involve foiling boards. The rise in technological maturity of the foils used in surfing coupled with the inclination of surfers towards foil boards is a major driver of the growth of the world market for surf hydrofoils.

The introduction of hydrofoils with newer technologies, lightweight materials and more efficient profiles has enriched the surfing experience and attracted more surfers to adopt the hydrofoil surfboard. For example, the latest introduction of electric foils, the “e-foils” for surfing in low wind and low tide waters without compromising the thrill. Big giants, including Audi, have developed an electric foil for kitesurfers and windsurfers. These latest upcoming innovations in the surf hydrofoil market are expected to provide lucrative growth opportunities for industry players during the forecast period.

The hydrofoil surfboard has gone through a long phase of controversy regarding its use. Furthermore, the resilience of surfers due to the increased difficulty in balancing is restraining the growth of the surf hydrofoils market. Regulatory restrictions have been placed on the use of hydrofoils on various beaches with congested waters. For example, Bondi Beach in Australia has banned the use of foils due to their high speed. In another example, a beach in Anglet, France, also banned the use of foils to protect swimmers. The heavy use of foiling surfboard by unregulated crowds also makes this sport prone to accidents. These factors are expected to hamper the growth of the surfboard hydrofoils market globally.

Mechanism perspectives:

Based on the type of mechanism, hydrofoils are estimated to account for a significant 88.82% share of the global surf hydrofoils market in 2018 and maintain their dominance during the forecast period due to the ease of operation. use offered associated with low cost compared to other alternatives. However, electronic hydrofoil surfboards are expected to show a higher growth rate of 5.0% during the forecast period due to their ability to provide a surfing experience in less windy and less active areas on the water. ‘water. It also enriches the user experience by further increasing the speed compared to conventional hydrofoil surfboards. Companies such as Fliteboard, VeConcepts, Lift Foils and others have introduced efoils to take advantage of this opportunity.

The widespread infrastructure of specialty stores, retail outlets and multi-brand sports stores are the factors contributing to the dominance of the offline sales channel. Increasing digitization and the introduction of newer and more convenient sales and distribution through online channels such as third party manufacturer and aggregator websites as well as e-commerce websites are expected to drive the growth of the sales channel in line in the global surf hydrofoil market during the forecast period. .

The major players in the surf hydrofoil industry are taking a number of strategic initiatives such as mergers, partnership agreements, acquisitions, new product launches and regional expansions that will allow companies to maintain their position in the market.

Global Surf Hydrofoil Market:

Surf Hydrofoil Market: By Mechanism

Surf Hydrofoils Market: By Sales Channel

    • In line
      • Manufacturer’s website
      • Third party website
    • Offline
      • Specialty sports stores (single brand retail stores)
      • Multi-brand sports stores / points of sale
      • Others

Surf Hydrofoil Market: By Material

  • Carbon
  • Aluminum
  • Others (titanium, ABS plastics)

Surf Hydrofoil Market: By Application

  • Kite Foil
  • Outsmart the wind
  • Foiling the wings
  • Surf Foil
  • Standup Paddle Boarding (SUP) Foil
  • Wake Foiling

Surf Hydrofoil Market: By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Global Surf Hydrofoils Market Report Offerings:

  • Growth opportunities of the global surf hydrofoils market of prevailing trends along with relevant market dynamics
  • Detailed analysis and mention of core products and dynamic segments
  • A detailed analysis of the competition spectrum and winning strategies of the main players
  • PESTEL and SWOT analysis in addition to other analyzes
  • Business operations and financial structure of the major vendors in the Surfboarding Hydrofoil Market report.
  • Supply and demand analysis, technological milestones
  • Segmentation of innovative technologies

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