openPR Logo
Press release

Growing Number Of Recreational Users In Water Sports To Amplify Electric Surfboard Sales By 7% - Fact.MR Study

07-19-2022 12:29 PM CET | Sports

Press release from: Fact.MR

As per industry analysis by Fact.MR, a market research and competitive intelligence provider, the global electric surfboard market is estimated to reach a valuation of US$ 83.4 Mn in 2022, and expand at a promising CAGR of 6.9% by value over the assessment period of 2022 to 2032.

Rising participation in sports activities is likely to provide long-term benefits for electric surfboard manufacturers. According to research conducted by Fact.MR, in the United States, 16.3% of Gen-Z, 17.1% of Millennials, and 13% of Gen-X citizens were involved in water sports activities, as of 2021. Surging penetration of electric products among various age group will provide lucrative avenues for manufacturers over the next couple of years.

To remain 'ahead' of your competitors, request for a sample - https://www.factmr.com/connectus/sample?flag=S&rep_id=7115

Growing tourism is anticipated to push demand for water sports activities, especially in prominent regions such as Europe and North America. Increasing technological implementations such as product optimization and emergence of electric products in water sport equipment are boding well for market growth.

Continuous development in products by leading market players is likely to drive product penetration across the globe. For instance, a total 10,324 units of electric surfboards were sold in 2021, which is projected to soar to 20,980 units by the end of 2032.

Key Takeaways from Market Study
By product type, hydrofoil electric surfboards are expected to remain the most dominant among consumers and surpass a valuation of US$ 98 Mn by the end of 2032.

20-40 kmph speed electric surfboards are projected to account for the highest demand, and witness a CAGR of 7.2% over the same period.
On the basis of engine capacity, above 12 kw electric surfboards are likely to be the most attractive segment from the consumer end. This vertical is anticipated to surpass the mark of US$ 74.2 Mn by 2032.

Recreational users are estimated to generate sales of US$ 56.2 Mn in 2022, due to increasing participation in water sports. Moreover, this segment is set to capture approximately 62% of the global market share by the end of 2032.
Europe is expected to generate a valuation of more than US$ 45 Mn by 2032.

North America is set to create an absolute $ opportunity of 32 Mn by the end of 2032.
The global electric surfboard market is estimated at US$ 83.4 Mn in 2022, and is forecast to reach US$ 165.6 Mn by the end of 2032, expanding at a CAGR of 6.9% during 2022-2032.

Get Customization on this Report for Specific Country - https://www.factmr.com/connectus/sample?flag=RM&rep_id=7115

Competition Landscape
Awake, CabraTec, Electric Surf Sports, eSurf, Fliteboard Pty. Ltd., Hison, Jetsurf, LAMPUGA GMBH, Lift Foils Limite, Olo Boards, Onean, Radinn AB, TORQUE JET BOARDS, VeFoil, Waterblade, Waydootech, and YuJet are major manufacturers of electric surfboards.

Prominent players have started including carbon nano-fiber incorporated electric surfboards in their product portfolios. Integration of carbon nano-fiber technology in surfboard equipment enhances product lifecycle.

Ravik 3 (a product offered by AWAKE) can outstretch the mark of 50 kmph from rest, within a span of 5 minutes.
In addition to this, some of the leading manufactures such as ESURF, Jetsurf, and others are following the personality-based marketing strategy. Tier-2 and tier-3 players have ample opportunities to follow this strategy for capital expansion and improving their geographical footprint.

Market players are continuously enhancing customer experience through product optimization and customization solutions. This strategy is likely to increase product awareness, attracting new customers in the near future.

Fact.MR has provided detailed information about the price points of top manufacturers of electric surfboards positioned across regions, in addition to providing sales growth information, production capacity, and speculative production expansion, in the recently published report.

Report Attributes Details
Electric Surfboard Market Size (2021A) US$ 78.5 Mn
Estimated Market Value (2022E) US$ 83.4 Mn
Market Value Forecast (2032F) US$ 165.6 Mn
Global Market Growth Rate (2022-2032) 6.9% CAGR
North America Market Share (2021) ~36.7%
North America Growth Rate (2022-2032) 7% CAGR
U.S. Growth Rate (2022-2032) 6.5% CAGR
Top 5 Companies' Market Share

Key Segments of Electric Surfboard Industry Research

By Product Type:
Standard Electric Surfboards
Hydrofoil Electric Surfboards

By Body:
Inflatable Electric Surfboards
Solid Electric Surfboards

By Engine Capacity:
Up to 10 kW Electric Surfboards
10-12 kW Electric Surfboards
Above 12 kW Electric Surfboards

By Maximum Speed:
Below 20 Kmph
20-40 Kmph
Above 40 Kmph

By Archetype:
Individuals
Baby Boomers
Gen X
Millennials
Gen Z
 Institutional
 Promotional

By User Category:
Professional Users
Beginner
Intermediate
Advanced
Recreational Users

By Sales Channel:
Online Sales of Electric Surfboards
Company-owned Websites
e-Commerce Websites
Offline Sales of Electric Surfboards
Franchised & Retail Chains
Sports Variety Stores
Modern Trade Channels

By Region:
North America Electric Surfboard Market
Latin America Electric Surfboard Market
Europe Electric Surfboard Market
East Asia Electric Surfboard Market
South Asia Electric Surfboard Market
Oceania Electric Surfboard Market
MEA Electric Surfboard Market

Full Access of this Exclusive Report is Available at - https://www.factmr.com/checkout/7115 

Why choose Fact.MR?

Reports published by Fact.MR are a result of the combination of our experts and digital technologies. We thrive to provide innovative business solutions to the clients as well as tailor the reports aligning with the clients' requisites. Our analysts perform comprehensive research to offer ins and outs of the current market situation. Clients across various time zones tend to utilize our 24/7 service availability.

Explore Fact.MR's Comprehensive Coverage on Sports Domain:

Sports Optics Market - https://www.factmr.com/report/3443/sports-optics-market

Hybrid Bicycles Market - https://www.factmr.com/report/2066/hybrid-bicycles-market

Diving Board Market - https://www.factmr.com/report/2064/diving-board-market-market

 Electric Hydrofoil Surfboards Market - https://www.factmr.com/report/electric-hydrofoil-surfboards-market

Pickleball Machine Market - https://www.factmr.com/report/pickleball-machine-market

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

About Fact.MR:

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we'll be an able research partner.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Growing Number Of Recreational Users In Water Sports To Amplify Electric Surfboard Sales By 7% - Fact.MR Study here

News-ID: 2684377 • Views:

More Releases from Fact.MR

Digital Twin Market is Growing at a CAGR of 34.3% d by 2033 | Key Players: ABB Ltd, ANSYS, Inc, AT&T Inc, AVEVA Group plc, Bentley Systems
Digital Twin Market is Growing at a CAGR of 34.3% d by 2033 | Key Players: ABB L …
Digital Twin Market is valued at USD 5 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 34.3%, reaching USD 95 billion by 2033. This explosive growth is driven by the increasing adoption of digital twins across industries to optimize operations, reduce costs, and enhance decision-making through virtual replicas of physical assets. Digital twins integrate IoT, AI, and data analytics to simulate real-world
Hemato Oncology Testing Market is Forecasted to Reach USD 23.64 Billion by 2033 | Fact.MR Report
09-02-2025 | Health & Medicine
Fact.MR
Hemato Oncology Testing Market is Forecasted to Reach USD 23.64 Billion by 2033 …
The global hemato oncology testing market is valued at USD 4.33 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 18.5%, reaching USD 23.64 billion by 2033. This rapid growth is driven by the increasing prevalence of blood-related cancers, such as lymphoma and leukemia, and advancements in diagnostic technologies like next-generation sequencing (NGS) and polymerase chain reaction (PCR). Hemato oncology testing plays a
Osseointegration Implants Market is Anticipated to Reach USD 6.85 Billion by 2035
09-02-2025 | Health & Medicine
Fact.MR
Osseointegration Implants Market is Anticipated to Reach USD 6.85 Billion by 203 …
Osseointegration Implants Market is poised for robust growth, with its valuation projected to rise from USD 3.17 billion in 2025 to USD 6.85 billion by 2035, reflecting a compound annual growth rate (CAGR) of 8%. This expansion is driven by the increasing prevalence of orthopedic and dental disorders, such as osteoarthritis, rheumatoid arthritis, and edentulism, which necessitate advanced implant solutions. Osseointegration implants, which fuse directly with bone to provide stable
Fibrin Sealants Market is Anticipated to Reach USD 1.92 Billion by 2033 | Fact.MR Report
09-02-2025 | Health & Medicine
Fact.MR
Fibrin Sealants Market is Anticipated to Reach USD 1.92 Billion by 2033 | Fact.M …
The global fibrin sealants market is valued at USD 976.5 million in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 7%, reaching USD 1.92 billion by 2033. This growth is driven by the increasing prevalence of surgical procedures requiring effective hemostasis and tissue sealing, particularly in cardiovascular, orthopedic, and general surgeries. Fibrin sealants, derived from human plasma proteins, mimic the body's natural clotting process,

All 5 Releases


More Releases for Surf

Explore Waves: Pacific Surf School's Diverse Surf Lessons
Image: https://www.getnews.info/uploads/4cab0dd951790233cfc601f30140d0ee.jpg On the stunning beaches of San Diego, the Pacific Surf School stands out as a must-visit destination for those looking to surf and have fun on the waves of the Pacific Ocean. With a variety of lessons tailored to all ages and skill levels, the school is a welcoming and inclusive venue for surf lovers. Its passionate instructors not only share essential surfing techniques but also promote a deep respect
Pacific Surf School's Surf Camp: Wave Riding Adventures for Kids 5-17
Image: https://www.getnews.info/uploads/58d972d3c531fdf5b240ce93ab76c2f8.jpg Pacific Surf School's Surf Camp offers an exciting and educational experience for children and teenagers aged 5 to 17 who are passionate about the world of waves. With a team of highly qualified and experienced instructors, the camp provides a unique opportunity for participants to immerse themselves in the surfing universe. At the surf camp, young surfers learn everything from basic fundamentals to advanced surfing techniques while exploring the beaches
Global Surf Leash Market, Global Surf Leash Industry, Covid-19 Impact Global Sur …
The surf leash is an effective equipment which has been saving individuals from arduous swims back to shore ever since. While the leashes are meant to keep the track on your board throughout the nastiest of wipeouts, they can and will break and should not be reckoned on as a lifesaving device. This means that you should never paddle out further than you can swim. According to the report analysis, ‘Global
“Phuket Surf Fest 2019” kicked off
Phuket, 12 June 2019 – The Tourism Authority of Thailand (TAT) Phuket Office recently organised the “Phuket Surf Fest 2019” to kick off the Phuket Surf Series 2019, scheduled from June to September, and promote tourism during the current Green Season. The Phuket Surf Fest 2019 event was held under collaboration with Patong Municipality, Surfing Thailand, Phuket Surfing Club, Quiksilver Thailand and the public and private sector partners, from 31 May
“Phuket Surf Fest 2019” kicked off
Phuket, 12 June 2019 – The Tourism Authority of Thailand (TAT) Phuket Office recently organised the “Phuket Surf Fest 2019” to kick off the Phuket Surf Series 2019, scheduled from June to September, and promote tourism during the current Green Season. The Phuket Surf Fest 2019 event was held under collaboration with Patong Municipality, Surfing Thailand, Phuket Surfing Club, Quiksilver Thailand and the public and private sector partners, from 31 May
Global Surf Watches Market Insights, Forecast
Surf watches are specially designed watches that function under water, and thus are an essential gadget for surfers and wave riders as they provide surf reports and surf forecasting. They provide information about wave height, wave period, water temperature, and wind speed & direction. A surf watch is a technical watch and is generally used by fishermen, surfers, sea navigators, and individuals interested in water sports Get sample copy of the