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Global Surfboarding Hydrofoil Market projected to Reach USD 2,275 Million by 2026
Global Surfboarding Hydrofoil Market
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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.
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.
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.
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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.
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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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