Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Electric Surfboard Market to reach USD 125.23 million by 2028

Global Electric Surfboard Market Size study, by Product Type (Standard Electric Surfboards and Hydrofoil Electric Surfboards), by Body (Inflatable Electric Surfboards, Solid Electric Surfboard), by Engine Capacity (Up to 10 kW Electric Surfboards,10-12 kW Electric Surfboards and Above 12 kW Electric Surfboards), by Sales Channel (Online Sales of Electric Surfboards and Offline Sales of Electric Surfboards) and Regional Forecasts 2022-2028.

Product Code: ECE-61733442
Publish Date: 30-04-2022
Page: 200

Global Electric Surfboard Market is valued at approximately USD 78.50 million in 2021 and is anticipated to grow with a healthy growth rate of more than 6.9% over the forecast period 2022-2028. An electric surfboard is a battery operated board designed for gliding over the water even without waves to achieve great speeds. Surfboard riding has experienced a boom at competitive and recreational levels along with an increasing number of participants and media attention which benefitted the Electric Surfboard market. According to the research, more than 10,000 electric surfboards were sold in the year 2021. The increasing craze of water activities increases the demand for electric surfboards from rental agencies, pushing the sales of the market. The higher speed can be achieved without the need for waves is a major factor that will propel the electric surfboard market. Low battery life increases the risk for surfing users that hinders the market. The low manufacturing cost of electric surfboard increases sales which leads to increased profits and revenue that manufacturers can plow back to grow business. It is estimated that the Hydrofoil Surfboards segment dominates the market. Market Players investing in innovation to reach a new level of excellence. For instance, the electric Surfboard manufacturing company “AWAKE” launched Awake VINGA with riding time of upto 80 min with a maximum rider weight of 110 kg.

The key regions considered for the global Electric Surfboard market study include Asia Pacific, North America, Europe, Latin America and the Rest of the World. In terms of regional dominance, U.S. is the most important Electric Surfboard market. Besides U.S., China is projected to generate high demand for Electric Surfboard Market. The online sales channel upsurges the market demand over the forecast period. U.S. is estimated to be the prime manufacturer of the Electric Surfboard Market.

Major market players included in this report are:
Radinn AB
Lift Foils Limited
Fliteboard Pty. Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type
Standard Electric Surfboards
Hydrofoil Electric Surfboards
By Engine Capacity
Up to 10 kW Electric Surfboards
10-12 kW Electric Surfboards
Above 12 kW Electric Surfboards
By Body
Inflatable Electric Surfboards
Solid Electric Surfboards
By Sales Channel
Offline Sales of Electric Surfboards
Online Sales of Electric Surfboards

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Electric Surfboard Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Electric Surfboard Market, by Region, 2020-2028 (USD Million)
1.2.2. Electric Surfboard Market, by Product Type, 2020-2028 (USD Million)
1.2.3. Electric Surfboard Market, by Engine Capacity, 2020-2028 (USD Million)
1.2.4. Electric Surfboard Market, By Body, 2020-2028 (USD Million)
1.2.5. Electric Surfboard Market, by Sales Channel, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Electric Surfboard Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Electric Surfboard Market Dynamics
3.1. Electric Surfboard Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Increasing number of Surfing Participants Lightweight
3.1.2. Market Challenges Low Battery Life
3.1.3. Market Opportunities Low Manufacturing Cost
Chapter 4. Global Electric Surfboard Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Electric Surfboard Market, by Product Type
6.1. Market Snapshot
6.2. Global Electric Surfboard Market by Product Type, Performance – Potential Analysis
6.3. Global Electric Surfboard Market Estimates & Forecasts by Product Type, 2019-2028 (USD Million)
6.4. Electric Surfboard Market, Sub Segment Analysis
6.4.1. Standard Electric Surfboards
6.4.2. Hydrofoil Electric Surfboards
Chapter 7. Global Electric Surfboard Market, by Engine Capacity
7.1. Market Snapshot
7.2. Global Electric Surfboard Market by Engine Capacity, Performance – Potential Analysis
7.3. Global Electric Surfboard Market Estimates & Forecasts by Engine Capacity, 2019-2028 (USD Million)
7.4. Electric Surfboard Market, Sub Segment Analysis
7.4.1. Up to 10 kW Electric Surfboards
7.4.2. 10-12 kW Electric Surfboards
7.4.3. Above 12 kW Electric Surfboards
Chapter 8. Global Electric Surfboard Market, by Body
8.1. Market Snapshot
8.2. Global Electric Surfboard Market by Body, Performance – Potential Analysis
8.3. Global Electric Surfboard Market Estimates & Forecasts by Body, 2019-2028 (USD Million)
8.4. Electric Surfboard Market, Sub Segment Analysis
8.4.1. Inflatable Electric Surfboards
8.4.2. Solid Electric Surfboards
Chapter 9. Global Electric Surfboard Market, by Sales Channel
9.1. Market Snapshot
9.2. Global Electric Surfboard Market by Sales Channel, Performance – Potential Analysis
9.3. Global Electric Surfboard Market Estimates & Forecasts by Sales Channel, 2019-2028 (USD Million)
9.4. Electric Surfboard Market, Sub Segment Analysis
9.4.1. Offline Sales of Electric Surfboards
9.4.2. Online Sales of Electric Surfboards
Chapter 10. Global Electric Surfboard Market, Regional Analysis
10.1. Electric Surfboard Market, Regional Market Snapshot
10.2. North America Electric Surfboard Market
10.2.1. U.S. Electric Surfboard Market Product Type breakdown estimates & forecasts, 2019-2028 Engine Capacity breakdown estimates & forecasts, 2019-2028 Body breakdown estimates & forecasts, 2019-2028 Sales Channel breakdown estimates & forecasts, 2019-2028
10.2.2. Canada Electric Surfboard Market
10.3. Europe Electric Surfboard Market Snapshot
10.3.1. U.K. Electric Surfboard Market
10.3.2. Germany Electric Surfboard Market
10.3.3. France Electric Surfboard Market
10.3.4. Spain Electric Surfboard Market
10.3.5. Italy Electric Surfboard Market
10.3.6. Rest of Europe Electric Surfboard Market
10.4. Asia-Pacific Electric Surfboard Market Snapshot
10.4.1. China Electric Surfboard Market
10.4.2. India Electric Surfboard Market
10.4.3. Japan Electric Surfboard Market
10.4.4. Australia Electric Surfboard Market
10.4.5. South Korea Electric Surfboard Market
10.4.6. Rest of Asia Pacific Electric Surfboard Market
10.5. Latin America Electric Surfboard Market Snapshot
10.5.1. Brazil Electric Surfboard Market
10.5.2. Mexico Electric Surfboard Market
10.6. Rest of The World Electric Surfboard Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Radinn AB Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. Lift Foils Limited
11.2.3. Awake
11.2.4. Fliteboard Pty. Ltd.
11.2.6. VeFoil
11.2.7. Onean
11.2.8. Efoilfly
11.2.9. Jetsurf
11.2.10. Mertex
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.
Enquiry Now