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.
As per detailed analysis by Fact.MR, electric surfboard sales accounted for 7% of the global surfboard market value in 2021, which is predicted to rise to nearly 12%-15% by 2032. Growing number of recreational users in water sports and expanding rental agencies of water sports are driving market expansion. Based on Fact.MR research, total 10,324 units of electric surfboards were sold, including standard surfboards and hydrofoil surfboards, in 2021, across the globe. Global volume of electric surfboards is projected to reach 20,980 units by the end of 2032, and provide ample of opportunities to the manufacturers over the same period.
For more insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7115
The readability score of the Electric Surfboard Market Demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.
The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.
This Electric Surfboard market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Electric Surfboard along with key stakeholders as well as emerging players associated with the manufacturing of product.
Competitive landscape:
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.
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
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
For in-depth competitive analysis, Buy Now:
https://www.factmr.com/checkout/7115
How will be insights and market estimations provided in the Fact.MR report on the Demand of Electric Surfboard make a difference?
- The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
- The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
- The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
- Provides scrutiny of the industry trends that have shaped recent government policies
- Provides an account of major breakthroughs in all segments that might change the course of the market considerably
- Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Electric Surfboard Market
- Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
- Evaluates the role of various stages of funding on new growth avenues in key regional markets
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com