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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
Awake
Fliteboard Pty. Ltd.
LAMPUGA GMBH
VeFoil
Onean
Efoilfly
Jetsurf
Mertex
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
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
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
Investors

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
3.1.1.1. Increasing number of Surfing Participants
3.1.1.2. Lightweight
3.1.2. Market Challenges
3.1.2.1. Low Battery Life
3.1.3. Market Opportunities
3.1.3.1. 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
10.2.1.1. Product Type breakdown estimates & forecasts, 2019-2028
10.2.1.2. Engine Capacity breakdown estimates & forecasts, 2019-2028
10.2.1.3. Body breakdown estimates & forecasts, 2019-2028
10.2.1.4. 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
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. Lift Foils Limited
11.2.3. Awake
11.2.4. Fliteboard Pty. Ltd.
11.2.5. LAMPUGA GMBH
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

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