Global Hydrofoil
Market Report
2025
As per Cognitive Market Research's latest published report, the Global Hydrofoil market size will be $1,026.07 Million by 2028. Hydrofoil Industry's Compound Annual Growth Rate will be 3.98% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Hydrofoil market size will be $1,026.07 Million by 2028. Hydrofoil Industry's Compound Annual Growth Rate will be 3.98% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Hydrofoil Market Sales Revenue 2028 | $ 1 Million |
Global Hydrofoil Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.98% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Hydrofoil industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Hydrofoil Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Hydrofoils are underwater wings which function similar to airplane wings as the speed increases hydrofoils product lift which equals the weight of the boat which lifts the hull out of the water, thus greatly eliminating friction allowing for faster speeds. Over the past century there was a lot of research into hydrofoils by the Soviets and Americans for both military and civilian applications. In recent years, hydrofoil have entered the recreational market. Due to its benefits of fuel efficiency, the hydrofoil is majorly used in boating. Adding a foil wing to a hull can increase fuel savings by over 35%. Hydrofoil boats incorporating the use of hydrofoil to help them propel much faster on the water. In modern times, these hydrofoil boats are gaining more momentum on account of them being faster and speedier on the waters. A hydrofoil boat works on very simple terms.
The hydrofoil based on the base of the boat allows the boat to move easily through the waters and ensures that the body of the boat – which in marine terms is referred to as the hull – does not come in any contact with the water.
Also, since the hydrofoil works only if the boat is still on the surface of the water, it prevents the boat from rising out of the water and from causing the boat to sink. And in case, a hydrofoil boat manages to come out of the water, its designing will force the hull of the boat to crash back into the water and the hydrofoil gets submerged till adequate thrust is generated for the hydrofoil to lift the boat and carry on.
Hydrofoil boats are mostly used for fishing but given the speed factor, these hydrofoil boats can be used for a multitude of purposes in the days to come. As cargo carriers, they can help to transport heavy materials across the ocean in a matter of days and weeks thereby helping to solve the problem of cargo getting delayed while reaching its intended destination.
Growing demand for surfing activities
A hydrofoil is a lifting surface, or foil, that is used to function in water. Boats that use hydrofoil technology are generally being termed as hydrofoils. Hydrofoils are inflicting a revolution in the field of water sports. In foil surf they allow surfing weaker waves and riding common waves for longer periods. They have particularly gained popularity owing to the enhanced experience they are offering to the surfers and the number of activities they can carry out. One of the major growth drivers of hydrofoil market include the rise in technological advancements of the foils used while surfing. Moreover, growing inclination of surfers towards foil boards is another major factor driving the market growth. Major giants such as Audi have developed an electric foil for the wind surfers and kite surfers. Such innovations coming up in the hydrofoil market are anticipated to drive the growth of hydrofoil market and offer lucrative growth opportunities for the same.
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Since its foundation in 1952, Supramar has provided a worldwide consultancy service, covering not only its hydrofoil vessels but also other aspects of fast marine transport. The company has been under contract to many governments and military services. Supramar developed, on a commercial basis, the hydrofoil system introduced by the Schertel-Sachsenberg Hydrofoil syndicate and its licensee, the Gebrüder Sachsenberg Shipyard. Supramar Ltd is also engaged in new designs of high-speed craft such as fast monohulls and catamarans as well as general engineering services.
Founded in 1916, The Boeing Company is a public company headquartered in Illinois, U.S. The company designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the second-largest defense contractor in the world based on 2018 revenue. In the 1960s and 1970s, Boeing manufactured hydrofoils for commercial and military applications at its plant in Renton, Washington
Top Companies Market Share in Hydrofoil Industry: (In no particular order of Rank)
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Region and country analysis section of Hydrofoil Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Hydrofoil market.
The current report Scope analyzes Hydrofoil Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Hydrofoil Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Hydrofoil Industry growth. Hydrofoil market has been segmented with the help of its Type, Application , and others. Hydrofoil market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Total Immersion segment Revenue will be USD 313.51 Million by 2028.
Hydrofoil is a lifting surface that operates in water. Boats that use hydrofoil technology that is termed hydrofoils. Hydrofoil and advanced technology used by boats in water totally immerse in the water. Hydrofoil makes use of advanced technology and it has a higher speed that totally immerses the hydrofoil completely in the water body. The immersion of hydrofoil depends on the speed of hydrofoil and depth of water. The total immersion is complete immersion of hydrofoil when there is change in its speed.
Half-submerged foil which is not completely under water used to lift boat are less subjected to the effects of wave action and are stable at sea and more comfortable for crew and passengers. Submerged foils produce more lift at lower speed than a surface piercing foil because of large wetted area and more vertical orientation of lift vector. The submerged foil has no contact with surface wave ensuring smooth ride, they have independent control system.
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The Passenger Transportation segment Revenue (USD Million) in Hydrofoil will be USD 308.78 Million by 2028.
The advent of aviation has diminished the importance of sea travel for passengers, though it is still popular for short trips and pleasure cruises. Transport by water is cheaper than transport by air. The hydrofoil is designed for the transportation of passengers. Cruising and ferry versions are used to transport passengers etc.
Freight shipping is the process of transporting commodities, goods and cargo by land, sea or air. Freight transportation market seeks fast delivery even at premium transportation tariffs, the basis of air-freight transportation services. Air-freight transportation services are restricted to carrying comparatively miniscule payloads compared to maritime service. High-speed mono-hull hydrofoil vessels are restricted to a maximum weight of 400-tons (800,000-pounds), which could also be the maximum weight of a hybrid hydrofoil – wing-in-ground (W.I.G.) effect vessel, while twin-hull and triple-hull hydrofoil arrangements that could have the potential to W.I.G. vessels of up to 800-tons and 1200-tons lift-off weight. There may be potential for hydrofoils to allow heavy weight versions of the technology to accelerate to higher speed prior to ground effect wings taking the load.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Total Immersion, Half-Submerged |
Application | Passenger Transportation, Freight Transportation, Others |
List of Competitors | Airush Kiteboarding, BOARDS & MORE GmbH, AXIS Kiteboarding, Supramar, The Boeing Company, Melos Hydrofoil Factory, Go Foil, MAUI FIN COMPANY, Fliteboard, Foil Smart, Liquid Force Wakeboards, LOKEFOIL, Moses HF, Naish International, Pau Hana Surf Supply, StarBoard Foils, VeConcepts |
This chapter will help you gain GLOBAL Market Analysis of Hydrofoil. Further deep in this chapter, you will be able to review Global Hydrofoil Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Hydrofoil market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Total Immersion have a significant impact on Hydrofoil market? |
What are the key factors affecting the Total Immersion and Half-Submerged of Hydrofoil Market? |
What is the CAGR/Growth Rate of Passenger Transportation during the forecast period? |
By type, which segment accounted for largest share of the global Hydrofoil Market? |
Which region is expected to dominate the global Hydrofoil Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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