This Surfboarding Hydrofoil Market research report contains a complete background analysis of the industry, which includes an assessment of the parental market. All the statistical and numerical that have been forecasted in this report is represented with the help of graphs, charts, or tables which makes this report more user-friendly. This Surfboarding Hydrofoil Market report contains a thorough description, competitive scenario, wide product portfolio of key vendors, and business strategy adopted by competitors along with their SWOT analysis and porter’s five force analysis. Whether it is about renewing a business plan, preparing a presentation for a key client, or giving recommendations to an executive, this Surfboarding Hydrofoil Market report will surely help you to a degree.
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In terms of revenue, the global surfboarding hydrofoil market is estimated to be US$ 1,567.80 Mn in 2022 and is anticipated to reach US$ 2,276.03 Mn by 2030 growing at a CAGR of 3.4% over the forecast period. 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 amongst others.
Global Surfboarding Hydrofoil Market:
- By Mechanism
- E Foiling
- By Sales Channel
- Manufacturer’s Website
- Third-party website
- Specialty Sports Stores (Single Brand Retail Outlets)
- Multi-Brand Sports Stores/ Outlets
- By Material
- Others (Titanium, ABS Plastics)
- By Application
- Kite Foiling
- Wind Foiling
- Wing Foiling
- Surf Foiling
- Standup Paddle Boarding (SUP) Foiling
- Wake Foiling
- By Region
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
- North America
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Foil boarding is one of the fastest growing water sports across the globe supplementing the surfing sports activities. Water sports is one of the most preferred adventure sports by the youths worldwide. Water sports industry has been on rise due to introduction of newer sports and enhancement of existing sports by latest technologies. Surfing is among the most popular water sports activities. Since its inception as sporting activity in early 1900s, surfing has seen various transformations and inculcation of newer methods to perform this sport. Surfing, in its original sense, is a sport in which the surfer rides the sea waters by balancing himself on a board. Waves were used to propel the board towards shore. Later, various other forms of propulsions such as wind, boat, paddle and others were introduced in surfing to transform the experience of surfboarding. One of such developments are foils, which were introduced in surfing to reduce the drag force exhibited on the surfboards. The foils which are attached to a mast below the surfboard is partially immersed inside the water raising the board and reducing the surface-area subjected to friction. Hydrofoils have gained popularity owing to the enriched experience it provides to surfers and the number of surfing activities which can feature foil boards. The rise in technological maturity of the foils used in surfing coupled with inclination of surfers towards foil boards is a major driver for growth of the global surfboarding hydrofoil market.
The introduction of hydrofoils with newer technologies, light-weight materials, and more efficient profiles have enriched the surfing experience and attracted a greater number of surfers to adopt hydrofoil surfboarding. For instance, the latest introduction of electric powered foils, ‘e-foils’ to surf in the low wind and low tide waters without compromising the thrill. Major giants, including Audi, have developed an electric foil for kite surfers and wind surfers. These latest innovations upcoming in the surfboarding hydrofoil market are anticipated to pose lucrative growth opportunities for industry participants over the forecast period.
Hydrofoil surfboarding has been through a long phase of controversies regarding its use. Also, the resistant among the surfers owing to the heightened difficulty in balancing is restraining the growth of surfboarding hydrofoil market. There has been an imposition of regulatory restrictions on the use of hydrofoils at various beaches with crowded waters. For instance, the Bondi beach in Australia has banned the use foils due to their high speed. In other such instance, a beach in Anglet, France has also banned use of foils to safeguard the swimmers. The large use of hydrofoil surfboard by unregulated crowds also makes this sport prone to accidents. These factors are anticipated to hinder the growth of surfboarding hydrofoil market, globally.
Key Questions Answered with this Study
1) What makes Surfboarding Hydrofoil Market feasible for long term investment?
2) Know value chain areas where players can create value?
3) Teritorry that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for product/services?
5) What opportunity emerging territory would offer to established and new entrants in Surfboarding Hydrofoil market?
6) Risk side analysis connected with service providers?
7) How influencing factors driving the demand of Surfboarding Hydrofoil in next few years?
8) What is the impact analysis of various factors in the Surfboarding Hydrofoil market growth?
9) What strategies of big players help them acquire share in mature market?
10) How Technology and Customer-Centric Innovation is bringing big Change in Surfboarding Hydrofoil Market?
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