Foilboards Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.1 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global foilboards market, encompassing hydrofoils used in various water sports such as surfing, kiteboarding, and wakeboarding, exhibited a robust growth trajectory in 2022. The market was valued at approximately USD 450 million and is projected to expand significantly, with an expected compound annual growth rate (CAGR) of around 15% through 2028. This growth is driven by increasing consumer interest in water sports and technological advancements in foilboard design, enhancing performance and accessibility for enthusiasts of all skill levels.
Opportunities within the foilboards market are further bolstered by the rising popularity of eco-friendly and sustainable water sports equipment. Emerging markets, particularly in regions with expanding coastal and recreational activities, are likely to see accelerated growth. Additionally, innovations such as lightweight materials and improved hydrodynamic efficiency are expected to create new segments and enhance consumer adoption. As the market evolves, players are encouraged to focus on these areas to capitalize on the expanding customer base and geographical reach.
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Cabrinha
FANATIC
F-ONE
Lift Foils
Airush Kiteboarding
Naish Kiteboarding
NEILPRYDE
North Kiteboarding
BIC Sport
Nobile
Exocet
Slingshot Sports
Takuma
RRD ROBERTORICCIDESIGNS
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Foilboards Market
Sports
Hobbies
Based on Types the Market is categorized into Below types that held the largest Foilboards market share In 2023.
Carbon-Fiber Foilboards
Aluminum Foilboards
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Foilboards Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Foilboards Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Foilboards Market, By Type
6. Global Foilboards Market, By Application
7. Global Foilboards Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Foilboards Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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