Surfboarding Hydrofoil Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

 According to the report published by Facts & Factors, the global Surfboarding Hydrofoil Market size was worth around USD 1635 million in 2019 and is predicted to grow around USD 2,275 million by 2026 with a compound annual growth rate (CAGR) of roughly 4% between 2020 and 2026. The report analyzes the global Surfboarding Hydrofoil Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Surfboarding Hydrofoil Market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Surfboarding Hydrofoil industry. The report analyzes and declares the historical and current trends analysis of the Surfboarding Hydrofoilindustry and subsequently recommends the projected trends anticipated to be observed in the Surfboarding Hydrofoil market during the upcoming years.

The Surfboarding Hydrofoil market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entireSurfboarding Hydrofoil market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Surfboarding Hydrofoilindustry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Key Insights from Primary Research

• According to the interview with industry participants, the popularity of surfing has increased to a greater extent, especially in developed economies; this has augmented the target market growth.
• In several countries, individuals consider surfing as a leisure and sports activity. This has fueled the target market growth as well.
• North America was the leading region in 2018, generating revenue of around USD 611 Million
• Hydrofoil, offline, carbon, and surf foiling are the leading categories of mechanism, distribution channel, material, and application sectors respectively
• The target market generated revenue of around USD 1,567 Million in 2018

Key Recommendations from Analysts

• As per our analyst, the establishment of surf parks via artificial wave technology is boosting the target market growth
• North America is expected to continue its dominance in 2026 as well, with a generation of around USD 870 Million
• The target market is anticipated to generate revenue of around USD 2,276 Million in 2026
• Hydrofoil, offline, carbon, and surf foiling are estimated to be leading categories of mechanism, distribution channel, material, and application sectors in 2026 as well
• The target market is expected to grow at CAGR of around 4%

Revenue Share, by Region

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Surfboarding Hydrofoil industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Surfboarding Hydrofoil market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Surfboarding Hydrofoil industry. The Surfboarding Hydrofoil market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Surfboarding Hydrofoil sector. Key strategic developments in the Surfboarding Hydrofoil market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Surfboarding Hydrofoil market are appropriately highlighted in the report.

High demand for surfing has been witnessed in developed countries as these countries consider surfing as sports. This factor has been majorly driving the target market growth. SUP fishing is been considered as the next big opportunity for Stand Up Paddle Boards as it offers certain benefits over boat & kayak fishing which has improved the overall fishing experience. This has augmented the target market growth.

In addition, the number of female surfers has been growing since the past few years coupled with active participation in the cultural practice of surfing. Moreover, several key players are involved in installing as well as developing artificial static waves that generate endless joyrides.

Report Scope

The Surfboarding Hydrofoil market research report delivers an acute valuation and taxonomy of the Surfboarding Hydrofoil industry by practically splitting the market on the basis of different mechanisms, distribution channels, materials, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Surfboarding Hydrofoil industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Surfboarding Hydrofoil industry is provided for the leading economies of the world.

The Surfboarding Hydrofoil market is segmented based on mechanisms, distribution channels, materials, and applications,.On the basis of mechanism segmentation, the market is classified into e-foiling and hydrofoil. In terms of distribution channel segmentation, the market is bifurcated into the online channels and offline channels. Online channel is further sub-categorized as manufacturer’s website and the third-party website. Whereas, the offline channel is sub-categorized as specialty sports stores and multi-brand sports stores. In terms of material segmentation, the market is bifurcated into aluminum, carbon, and others. In terms of application segmentation, the market is bifurcated into wind foiling, kite foiling, wing foiling, surf foiling, standup paddleboarding (SUP) foiling, and wake foiling.

Some of the essential players operating in the Surfboarding Hydrofoil market are

• AXIS Kiteboarding
•  AirushKiteboarding
•  BOARDS & MORE GmbH
•  Fliteboard
•  FLY 4 ALL SA (TAAROA)
•  Foil Smart
•  Go Foil Inc.
•  GONG
•  Lift Foils
•  Liquid Force Wakeboards
•  LOKEFOIL
•  MAUI FIN COMPANY
•  Melos Hydrofoil Factory
•  Moses HF
•  Naish International
•  Cabrinha Kites
•  Pau Hana Surf Supply

•  VeConcepts

The taxonomy of the Surfboarding Hydrofoil Market by its scope and segmentation is as follows:

By Mechanism Segmentation Analysis (Customizable)

• E-Foiling
• Hydrofoil

By Distribution Channel Segmentation Analysis (Customizable)

• Online Channel
  • Manufacturer’s Website
  • Third-party Website
• Offline Channel
  • Specialty Sports Stores
  • Multi-Brand Sports Stores

By Material Segmentation Analysis (Customizable)

• Aluminium
• Carbon
• Others

By Application Segmentation Analysis (Customizable)

• Wind Foiling
• Kite Foiling
• Wing Foiling
• Surf Foiling
• Standup Paddle Boarding (SUP) Foiling
• Wake Foiling

Regional Segmentation Analysis (Customizable)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa