Global eFoil Electric Surfboard Market Growth 2024-2030
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An eFoil, short for electric foil, is an electric surfboard equipped with a hydrofoil that allows riders to hover above the water's surface. It's a high-tech water sports device that combines elements of traditional surfing, foiling, and electric propulsion.
The key components of an eFoil electric surfboard typically include a board with an attached hydrofoil, an electric motor, a battery, and a handheld wireless controller. The hydrofoil is a wing-like structure mounted beneath the board. It lifts the board and rider out of the water as speed increases, reducing drag and providing a smooth and efficient ride. An electric motor, often integrated into the hydrofoil or the board, provides propulsion. The motor is powered by a rechargeable battery. The battery is a critical component that powers the electric motor. It is usually lithium-ion and can provide enough energy for a certain duration of ride time. Riders control the eFoil using a handheld wireless controller. The controller allows users to adjust speed and manoeuvre the board by manipulating the motor's power output.
Riders can experience a sensation of flying above the water, as the hydrofoil lifts the board several feet above the surface. They are versatile and suitable for different levels of riders, from beginners to experienced water sports enthusiasts. eFoiling has gained popularity as an exciting and accessible water sport, attracting enthusiasts looking for a unique and electrifying experience on the water.
The global eFoil Electric Surfboard market size is projected to grow from US$ 184 million in 2024 to US$ 336 million in 2030; it is expected to grow at a CAGR of 10.6% from 2024 to 2030.
LP Information, Inc. (LPI) ' newest research report, the “eFoil Electric Surfboard Industry Forecast” looks at past sales and reviews total world eFoil Electric Surfboard sales in 2023, providing a comprehensive analysis by region and market sector of projected eFoil Electric Surfboard sales for 2024 through 2030. With eFoil Electric Surfboard sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world eFoil Electric Surfboard industry.
This Insight Report provides a comprehensive analysis of the global eFoil Electric Surfboard landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on eFoil Electric Surfboard portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global eFoil Electric Surfboard market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for eFoil Electric Surfboard and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global eFoil Electric Surfboard.
The global key Efoil Boards manufacturers include Fliteboard, Lift Foils, Waydoo, Takuma Concept, Aerofoil, PWR-Foil, SiFly, Foil Drive, Awake, Hydroflyer, Manta Foils, etc.
Geographically, Europe is the fastest-growing region, especially France, which plays a more important role in the world.
In the current market, two major players have emerged: Fliteboard and Lift Foils, with a notable contender being the Chinese manufacturer Waydoo, which offers significant price advantages. Fliteboard has increased its market share due to its exceptional innovation capabilities and has recently launched a new, lower-priced product this year. In contrast, Lift Foils has seen a decline in market share due to a lack of new product releases over an extended period.
Given the relatively high price of these products, consumers place great importance on product quality and after-sales service, with the ability to provide ongoing support being a crucial factor in their purchasing decisions. Between 2019 and 2022, many new entrants appeared in the market, some of which focused more on marketing and less on product quality. As a result, the market has naturally eliminated some of these players after 2022.
Even though this market is a niche and seasonal area, we still believe that Efoil boards are the most promising category in kitesurfing equipment with great potential for development and growth.
Future eFoil boards will focus on enhancing performance, sustainability, and user experience. Boards are expected to feature longer-lasting batteries with fast-charging capabilities, enabling extended ride times and higher speeds, catering to both recreational and professional users. Customizable options like interchangeable foil wings and adjustable speed settings will allow for more tailored riding experiences. Additionally, products will incorporate smart technologies, offering real-time performance tracking, app connectivity, and advanced safety features like automatic shutoff systems. These innovations will drive increased adoption and broaden the appeal of eFoil boards to a wider audience.
The competitive landscape of the eFoil boards market is becoming increasingly dynamic, driven by a mix of established players and innovative startups. Major companies are focusing on technological advancements, such as more efficient battery systems and high-performance hydrofoils, to gain a competitive edge. Smaller, niche brands are differentiating themselves through customization options and sustainable materials, appealing to eco-conscious consumers.
This report presents a comprehensive overview, market shares, and growth opportunities of eFoil Electric Surfboard market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Below 35 km/h
Below 45 km/h
Below 55 km/h
Segmentation by Application:
Personal Entertainment
Commercial Rental
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Fliteboard
Lift Foils
Waydoo
Aerofoil
Takuma Concept
PWR-Foil
Hydroflyer
Awake
SiFly
Manta Foils
Foil Drive
Key Questions Addressed in this Report
What is the 10-year outlook for the global eFoil Electric Surfboard market?
What factors are driving eFoil Electric Surfboard market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do eFoil Electric Surfboard market opportunities vary by end market size?
How does eFoil Electric Surfboard break out by Type, by Application?