(MENAFN- Ameliorate Digital Consultancy) The electric surfboard market refers to the industry segment that encompasses the production and sale of surfboards equipped with electric propulsion systems. Electric surfboards, also known as e-boards or motorized surfboards, provide an exhilarating and unique surfing experience by combining traditional wave riding with electric power. The market for electric surfboards has witnessed significant growth in recent years, driven by various factors.

One of the key drivers behind the growth of the electric surfboard market is the increasing popularity of water sports and adventure activities. Surfing and related water sports have gained a considerable following worldwide, with enthusiasts seeking new and exciting ways to enjoy the ocean. Electric surfboards offer a novel experience, allowing riders to glide across the water at higher speeds, ride larger waves, and explore previously inaccessible spots.

Additionally, the market is influenced by the growing focus on sustainable and eco-friendly water sports equipment. Electric surfboards are often designed with advanced electric propulsion systems that minimize noise, vibration, and emissions, resulting in a more environmentally friendly alternative to traditional motorized watercraft. This sustainability aspect appeals to environmentally conscious consumers who want to reduce their ecological footprint while engaging in their favorite water sports.

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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 Electric Surfboard Market
  • Latin America Electric Surfboard Market
  • Europe Electric Surfboard Market
  • East Asia Electric Surfboard Market
  • South Asia Electric Surfboard Market
  • Oceania Electric Surfboard Market
  • MEA Electric Surfboard Market

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Key Takeaways from Market Study

• By product type, hydrofoil electric surfboards are expected to remain the most dominant among consumers and surpass a valuation of US$ 98 Mn by the end of 2032.
• 20-40 kmph speed electric surfboards are projected to account for the highest demand, and witness a CAGR of 7.2% over the same period.
• On the basis of engine capacity, above 12 kw electric surfboards are likely to be the most attractive segment from the consumer end. This vertical is anticipated to surpass the mark of US$ 74.2 Mn by 2032.
• Recreational users are estimated to generate sales of US$ 56.2 Mn in 2022, due to increasing participation in water sports. Moreover, this segment is set to capture approximately 62% of the global market share by the end of 2032.
• Europe is expected to generate a valuation of more than US$ 45 Mn by 2032.
• North America is set to create an absolute $ opportunity of 32 Mn by the end of 2032.

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.

Competition Landscape

Awake, CabraTec, Electric Surf Sports, eSurf, Fliteboard Pty. Ltd., Hison, Jetsurf, LAMPUGA GMBH, Lift Foils Limite, Olo Boards, Onean, Radinn AB, TORQUE JET BOARDS, VeFoil, Waterblade, Waydootech, and YuJet are major manufacturers of electric surfboards.

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.

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