Global Surfboarding Hydrofoil Market Share Is Expected To Grow At A CAGR Of 4% By 2026

03-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Surfboarding Hydrofoil Market By Mechanism (E-Foiling and Hydrofoil), By Distribution Channel (Online Channel (Manufacturer’s Website and Third-party Website) and Offline Channel (Specialty Sports Stores (Single Brand Retail Outlets) and Multi-Brand Sports Stores/Outlets), By Material (Aluminum, Carbon, and Others), and By Application (Wind Foiling, Kite Foiling, Wing Foiling, Surf Foiling, Standup Paddle Boarding (SUP) Foiling, and Wake Foiling): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Surfboarding Hydrofoil market in 2019 was approximately USD 1,635 Million. The market is expected to grow at a CAGR of 4% and is anticipated to reach around USD 2,275 Million by 2026.

A surfboard hydrofoil is a surfboard with a hydrofoil extending below the board into the water. This causes the board to leave the surface of the water at several speeds. A hydrofoil surfboard consists of a wing-like structure underwater that lifts the hull above water in speed. Surfboard hydrofoil could be distributed offline as well as online. It is made of several materials such as aluminum, carbon, etc. Applications of surfboard hydrofoil include wind foiling, kite foiling, wake foiling, etc.

.Browse the full “Surfboarding Hydrofoil Market By Mechanism (E-Foiling and Hydrofoil), By Distribution Channel (Online Channel (Manufacturer’s Website and Third-party Website) and Offline Channel (Specialty Sports Stores (Single Brand Retail Outlets) and Multi-Brand Sports Stores/Outlets), By Material (Aluminum, Carbon, and Others), and By Application (Wind Foiling, Kite Foiling, Wing Foiling, Surf Foiling, Standup Paddle Boarding (SUP) Foiling, and Wake Foiling): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/surfboarding-hydrofoil-market-by-mechanism-e-foiling-and

The increasing popularity of surfing has augmented the target market growth. In addition, individuals consider surfing as a leisure and sports activity. Moreover, the establishment of surf parks with artificial wave technology has been propelling the target market growth. However, unregulated crowds riding different equipment coupled with unskilled rider may hamper the target market growth over the forecast period. Nevertheless, the installation of multiple surf parks, as well as wave pools, nowadays is anticipated to create lucrative opportunities for the target market growth.

Report Scope

In terms of mechanism, the target market is categorized as e-foiling and hydrofoil. Among these, the hydrofoil category is the leading category. A hydrofoil operates in water. A hydrofoil surfboard is like a hydrofoil boat, with a wing-like structure.

In terms of the distribution channels, the target market is categorized as an online channel and offline channel. 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. Among these, categories, offline channel dominates the segment. Multi-brand sports stores are the major leading category. Individuals or consumers mostly prefer purchasing surfboard hydrofoil through multi-brand sports stores. These stores involve the selling of surfboard hydrofoils irrespective of the brand.

In terms of material, the target market is categorized as aluminum, carbon, and others. Among these, carbon is the dominating category as surfboard made with carbon has several benefits such as they are easy packing to the beach, they are lightweight, stronger. Also, they are less cavitation at high speeds as well as they are more slip than aluminum.

In terms of application, the target market is categorized as wind foiling, kite foiling, wing foiling, surf foiling, standup paddleboarding (SUP) foiling, and wake to foil. Among these categories, surf foiling is the leading revenue generator. Foil surfing is different than riding a standard surfboard. Surf foiling is mostly used to cruise around and for racing.

In terms of region, the target market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, North America is expected to be the dominating region owing to the popularity of surfing in the region. Moreover, individuals of North America consider surfing as a sports activity.

Some of the key players operating in target 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, and others.

This report segments the Surfboarding Hydrofoil market as follows:

Global Surfboarding Hydrofoil Market: By Mechanism Segmentation Analysis

• E-Foiling
• Hydrofoil

Global Surfboarding Hydrofoil Market: By Distribution Channel Segmentation Analysis

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

Global Surfboarding Hydrofoil Market: By Material Segmentation Analysis

• Aluminium
• Carbon
• Others

Global Surfboarding Hydrofoil Market: By Application Segmentation Analysis

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

Global Surfboarding Hydrofoil Market: Regional Segmentation Analysis

• 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

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