
Hydrofoil Boats Market Research Report By Type (V-Shaped Foil and T-Shaped Foil), By Range (Up to 45 Nm and More than 45 Nm), By End Use (Water Transport/Taxi Operators, Rental/Charter Companies, Smart Cities/Municipalities, Water Resorts/Travel & Hospita
Description
According to MRFR, the market for electric hydrofoil boats has expanded dramatically in recent years. At a compound annual growth rate (CAGR) of 15.6% from 2024 to 2032, it is anticipated to reach USD 401.5 million.
The market for electric hydrofoil boats is expanding globally as a result of rising demand for these vehicles due to technical improvements, quick electric commutes, and more efficient, fossil fuel-free transportation. However, the market growth is being hindered by a number of factors, including the upfront cost of electric hydrofoil boats being significantly higher than traditional vessels, the difficulty of navigating maritime regulations and classifications for new vessel types, the limited carrying capacity and range, and a lack of awareness and understanding of complex installation and setup. However, over the projected period, there will be chances for market expansion due to the expanding maritime activities in emerging countries, battery technology advancements, the integration of renewable energy, and supportive regulations and subsidies for sustainable marine transportation.
The market for hydrofoil boats is expected to grow significantly over the next several years due to technological advancements, increased demand for environmentally friendly boats, and growing interest in recreational marine activities.
Perspectives on Market Segments
The market for electric hydrofoil boats has been divided into three segments: type, range, and end user.
The market is divided into two segments based on type: V-shaped foil and T-shaped foil.
The market has been divided into two segments based on range: Up to 45 Nm and More than 45 Nm.
Water Transport/Taxi Operators, Rental/Charter Companies, Smart Cities/Municipalities, Water Resorts/Travel & Hospitality, and Others are the market segments based on the end user.
Regional Perspectives
The market is divided into four regions: Asia-Pacific, Europe, North America, and the rest of the world. With a market value of USD 47.15 million in 2023, Europe held the greatest market share and is expected to increase at a CAGR of 14.3% over the course of the forecast period.
North America, Europe, APAC, South America, and MEA are the regions that make up the Hydrofoil Boats Market segmentation. Because of the presence of important market players and advantageous government regulations, North America held the greatest market share in 2023. Because of the growing demand for high-performance boats and increased disposable income, Europe is predicted to experience tremendous growth. Because of its quick economic growth and rising investment in the marine sector, APAC is expected to have the quickest rate of growth. Emerging markets and rising demand for leisure activities are predicted to drive moderate growth in South America and MEA.
Key Players
The main companies that made a substantial contribution to the expansion of the market for electric hydrofoil boats were examined by MRFR during the study. Sea Bubbles, ENATA, foiler, quadrofoil, MobyFly, envgo, Vessev, Boundary Layer Technologies, Artemis Technologies, and Candela are a few of these.
The market for electric hydrofoil boats is expanding globally as a result of rising demand for these vehicles due to technical improvements, quick electric commutes, and more efficient, fossil fuel-free transportation. However, the market growth is being hindered by a number of factors, including the upfront cost of electric hydrofoil boats being significantly higher than traditional vessels, the difficulty of navigating maritime regulations and classifications for new vessel types, the limited carrying capacity and range, and a lack of awareness and understanding of complex installation and setup. However, over the projected period, there will be chances for market expansion due to the expanding maritime activities in emerging countries, battery technology advancements, the integration of renewable energy, and supportive regulations and subsidies for sustainable marine transportation.
The market for hydrofoil boats is expected to grow significantly over the next several years due to technological advancements, increased demand for environmentally friendly boats, and growing interest in recreational marine activities.
Perspectives on Market Segments
The market for electric hydrofoil boats has been divided into three segments: type, range, and end user.
The market is divided into two segments based on type: V-shaped foil and T-shaped foil.
The market has been divided into two segments based on range: Up to 45 Nm and More than 45 Nm.
Water Transport/Taxi Operators, Rental/Charter Companies, Smart Cities/Municipalities, Water Resorts/Travel & Hospitality, and Others are the market segments based on the end user.
Regional Perspectives
The market is divided into four regions: Asia-Pacific, Europe, North America, and the rest of the world. With a market value of USD 47.15 million in 2023, Europe held the greatest market share and is expected to increase at a CAGR of 14.3% over the course of the forecast period.
North America, Europe, APAC, South America, and MEA are the regions that make up the Hydrofoil Boats Market segmentation. Because of the presence of important market players and advantageous government regulations, North America held the greatest market share in 2023. Because of the growing demand for high-performance boats and increased disposable income, Europe is predicted to experience tremendous growth. Because of its quick economic growth and rising investment in the marine sector, APAC is expected to have the quickest rate of growth. Emerging markets and rising demand for leisure activities are predicted to drive moderate growth in South America and MEA.
Key Players
The main companies that made a substantial contribution to the expansion of the market for electric hydrofoil boats were examined by MRFR during the study. Sea Bubbles, ENATA, foiler, quadrofoil, MobyFly, envgo, Vessev, Boundary Layer Technologies, Artemis Technologies, and Candela are a few of these.
Table of Contents
123 Pages
- 1 Executive Summary
- 2 Market Introduction
- 2.1 Definition
- 2.2 Scope Of The Study
- 2.3 Research Objective
- 2.4 Market Structure
- 3 Research Methodology
- 3.1 Overview
- 3.2 Data Flow
- 3.2.1 Data Mining Process
- 3.3 Purchased Database:
- 3.4 Secondary Sources:
- 3.4.1 Secondary Research Data Flow:
- 3.5 Primary Research:
- 3.5.1 Primary Research Data Flow:
- 3.5.2 Primary Research: Number Of Interviews Conducted
- 3.5.3 Primary Research: Regional Coverage
- 3.6 Approaches For Market Size Estimation:
- 3.6.1 Revenue Analysis Approach
- 3.7 Data Forecasting
- 3.7.1 Data Forecasting Technique
- 3.8 Data Modeling
- 3.8.1 Microeconomic Factor Analysis:
- 3.8.2 Data Modeling:
- 3.9 Teams And Analyst Contribution
- 4 Market Dynamics
- 4.1 Introduction
- 4.2 Drivers
- 4.2.1 Increasing Popularity Due To Fast Electric Commuting
- 4.2.2 Fossil Fuel-free Transport With Superior Efficiency And Environmental Benefits
- 4.2.3 Technological Advancements
- 4.3 Restraints
- 4.3.1 Navigating Maritime Regulations And Classifications For New Vessel Types
- 4.3.2 The Upfront Cost Of Electric Hydrofoil Boats Is Significantly Higher Than Traditional Vessels
- 4.3.3 Limited Range And Carrying Capacity
- 4.4 Opportunity
- 4.4.1 Growing Maritime Activities In Developing Nations
- 4.4.2 Advancements In Battery Technology And Renewable Energy Integration
- 4.4.3 Supportive Policies And Subsidies For Sustainable Marine Transportation
- 4.5 Covid-19 Impact Analysis
- 4.5.1 Covid-19 Impact On Electric Hydrofoil Boat Market.
- 5 Market Factor Analysis
- 5.1 Value Chain Analysis
- 5.1.1 Design & Development
- 5.1.2 Raw Material Supplier
- 5.1.3 Manufacturing & Assembly
- 5.1.4 Logistics And Distribution
- 5.1.5 End Users
- 5.2 Porter’s Five Forces Model
- 5.2.1 Threat Of New Entrants
- 5.2.2 Bargaining Power Of Suppliers
- 5.2.3 Threat Of Substitutes
- 5.2.4 Bargaining Power Of Buyers
- 5.2.5 Intensity Of Rivalry
- 6 Global Electric Hydrofoil Boats Market, By Type
- 6.1 Overview
- 6.2 V-shaped Foil
- 6.3 T-shaped Foil
- 7 Global Electric Hydrofoil Boats Market, By Range
- 7.1 Introduction
- 7.2 Up To 45 Nm
- 7.3 More Than 45 Nm
- 8 Global Electric Hydrofoil Boats Market, By End User
- 8.1 Introduction
- 8.2 Water Transport/Taxi Operators
- 8.3 Rental/Charter Companies
- 8.4 Smart Cities/Municipalities
- 8.5 Water Resorts/Travel & Hospitality
- 8.6 Others
- 9 Global Electric Hydrofoil Boats Market, By Region
- 9.1 Overview
- 9.1.1 Global Electric Hydrofoil Boat Market, By Region, 2023 Vs 2032 (Usd Million)
- 9.1.2 Global Electric Hydrofoil Boat Market, By Region, 2019–2032 (Usd Million)
- 9.2 North America
- 9.2.1 Us
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 Uk
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Sweden
- 9.3.6 Switzerland
- 9.3.7 Rest Of Europe
- 9.4 Asia-pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 Rest Of Asia-pacific
- 9.5 Rest Of The World
- 9.5.1 Middle East & Africa
- 9.5.2 South America
- 10 Competitive Landscape
- 10.1 Introduction
- 10.2 Competitor Dashboard
- 10.3 Company Market Share Analysis, 2023
- 10.4 Key Developments & Growth Strategies
- 10.4.1 New Product Launch/ Development
- 10.4.2 Partnership/Collaboration, Investment, Expansion, And Others
- 11 Company Profiles
- 11.1 Candela
- 11.1.1 Company Overview
- 11.1.2 Financial Overview
- 11.1.3 Products Offered
- 11.1.4 Key Developments
- 11.1.5 Swot Analysis
- 11.1.6 Key Strategies
- 11.2 Envgo Inc.
- 11.2.1 Company Overview
- 11.2.2 Financial Overview
- 11.2.3 Products Offered
- 11.2.4 Key Developments
- 11.2.5 Swot Analysis
- 11.2.6 Key Strategies
- 11.3 Navier Mobility
- 11.3.1 Company Overview
- 11.3.2 Financial Overview
- 11.3.3 Products Offered
- 11.3.4 Key Developments
- 11.3.5 Swot Analysis
- 11.3.6 Key Strategies
- 11.4 Artemis Technologies
- 11.4.1 Company Overview
- 11.4.2 Financial Overview
- 11.4.3 Products Offered
- 11.4.4 Key Developments
- 11.4.5 Swot Analysis
- 11.4.6 Key Strategies
- 11.5 Vessev
- 11.5.1 Company Overview
- 11.5.2 Financial Overview
- 11.5.3 Products Offered
- 11.5.4 Key Developments
- 11.5.5 Swot Analysis
- 11.5.6 Key Strategies
- 11.6 Boundary Layer Technologies
- 11.6.1 Company Overview
- 11.6.2 Financial Overview
- 11.6.3 Products Offered
- 11.6.4 Key Developments
- 11.6.5 Swot Analysis
- 11.6.6 Key Strategies
- 11.7 Seabubble
- 11.7.1 Company Overview
- 11.7.2 Financial Overview
- 11.7.3 Products Offered
- 11.7.4 Key Developments
- 11.7.5 Swot Analysis
- 11.7.6 Key Strategies
- 11.8 Foiler
- 11.8.1 Company Overview
- 11.8.2 Financial Overview
- 11.8.3 Products Offered
- 11.8.4 Key Developments
- 11.8.5 Swot Analysis
- 11.8.6 Key Strategies
- 11.9 Quadrofoil
- 11.9.1 Company Overview
- 11.9.2 Financial Overview
- 11.9.3 Products Offered
- 11.9.4 Key Developments
- 11.9.5 Swot Analysis
- 11.9.6 Key Strategies
- 11.10 Mobyfly
- 11.10.1 Company Overview
- 11.10.2 Financial Overview
- 11.10.3 Products Offered
- 11.10.4 Key Developments
- 11.10.5 Swot Analysis
- 11.10.6 Key Strategies
- 11.11 Data Citations
- List Of Tables
- Table 1 Qfd Modeling For Market Share Assessment
- Table 2 Global Electric Hydrofoil Boats Market, By Product Type, 2019-2032 (Usd Million)
- Table 3 Global Electric Hydrofoil Boats Market, By Range, 2019-2032 (Usd Million)
- Table 4 Global Electric Hydrofoil Boats Market, By End Users, 2019-2032 (Usd Million)
- Table 5 Global Electric Hydrofoil Boat Market, By Region, 2019–2032 (Usd Million)
- Table 6 North America: Electric Hydrofoil Boat Market, By Country, 2019-2032 (Usd Million)
- Table 7 North America Electric Hydrofoil Boats Market, By Product Type, 2019-2032 (Usd Million)
- Table 8 North America Electric Hydrofoil Boats Market, By Range, 2019-2032 (Usd Million)
- Table 9 North America Electric Hydrofoil Boats Market, By End Users, 2019-2032 (Usd Million)
- Table 10 Us Electric Hydrofoil Boats Market, By Product Type, 2019-2032 (Usd Million)
- Table 11 Us Electric Hydrofoil Boats Market, By Range, 2019-2032 (Usd Million)
- Table 12 Us Electric Hydrofoil Boats Market, By End Users, 2019-2032 (Usd Million)
- Table 13 Canada Electric Hydrofoil Boats Market, By Product Type, 2019-2032 (Usd Million)
- Table 14 Canada Electric Hydrofoil Boats Market, By Range, 2019-2032 (Usd Million)
- Table 15 Canada Electric Hydrofoil Boats Market, By End Users, 2019-2032 (Usd Million)
- Table 16 Europe: Electric Hydrofoil Boat Market, By Country, 2019-2032 (Usd Million)
- Table 17 Europe Electric Hydrofoil Boats Market, By Product Type, 2019-2032 (Usd Million)
- Table 18 Europe Electric Hydrofoil Boats Market, By Range, 2019-2032 (Usd Million)
- Table 19 Europe Electric Hydrofoil Boats Market, By End Users, 2019-2032 (Usd Million)
- Table 20 Germany Electric Hydrofoil Boats Market, By Product Type, 2019-2032 (Usd Million)
- Table 21 Germany Electric Hydrofoil Boats Market, By Range, 2019-2032 (Usd Million)
- Table 22 Germany Electric Hydrofoil Boats Market, By End Users, 2019-2032 (Usd Million)
- Table 23 Uk Electric Hydrofoil Boats Market, By Product Type, 2019-2032 (Usd Million)
- Table 24 Uk Electric Hydrofoil Boats Market, By Range, 2019-2032 (Usd Million)
- Table 25 Uk Electric Hydrofoil Boats Market, By End Users, 2019-2032 (Usd Million)
- Table 26 France Electric Hydrofoil Boats Market, By Product Type, 2019-2032 (Usd Million)
- Table 27 France Electric Hydrofoil Boats Market, By Range, 2019-2032 (Usd Million)
- Table 28 France Electric Hydrofoil Boats Market, By End Users, 2019-2032 (Usd Million)
- Table 29 Italy Electric Hydrofoil Boats Market, By Product Type, 2019-2032 (Usd Million)
- Table 30 Italy Electric Hydrofoil Boats Market, By Range, 2019-2032 (Usd Million)
- Table 31 Italy Electric Hydrofoil Boats Market, By End Users, 2019-2032 (Usd Million)
- Table 32 Sweden Electric Hydrofoil Boats Market, By Product Type, 2019-2032 (Usd Million)
- Table 33 Sweden Electric Hydrofoil Boats Market, By Range, 2019-2032 (Usd Million)
- List Of Figures
- Figure 1 Global Electric Hydrofoil Boats Market: Structure
- Figure 2 Global Electric Hydrofoil Boats Market: Market Growth Factor Analysis (2019-2032)
- Figure 3 Driver Impact Analysis (2022-2032)
- Figure 4 Restraint Impact Analysis (2022-2032)
- Figure 5 Opportunity Impact Forecast
- Figure 1 Global Electric Hydrofoil Boat Market: Supply Chain
- Figure 2 Porter's Five Forces Analysis Of The Global Electric Hydrofoil Boat Market
- Figure 3 Global Electric Hydrofoil Boats Market, By Product Type, 2023 & 2032 (Usd Million)
- Figure 4 Global Electric Hydrofoil Boats Market, By Product Type, 2023 (% Share)
- Figure 5 Global Electric Hydrofoil Boats Market, By Range, 2023 & 2032 (Usd Million)
- Figure 6 Global Electric Hydrofoil Boats Market, By Range, 2023 (% Share)
- Figure 7 Global Electric Hydrofoil Boats Market, By End Users, 2023 & 2032 (Usd Million)
- Figure 8 Global Electric Hydrofoil Boats Market, By End Users, 2023 (% Share)
- Figure 9 Global Electric Hydrofoil Boat Market, By Region, 2023 (% Share)
- Figure 10 Global Electric Hydrofoil Boat Market, By Region, 2023 Vs 2032 (Usd Million)
- Figure 11 North America Market Analysis: Electric Hydrofoil Boats Market, 2019-2032(Usd Million)
- Figure 12 North America: Electric Hydrofoil Boat Market Share, By Country, 2023 (% Share)
- Figure 13 North America: Electric Hydrofoil Boat Market Share, By Country, 2023 & 2032 (Usd Million)
- Figure 14 Europe Market Analysis: Electric Hydrofoil Boats Market, 2019-2032(Usd Million)
- Figure 15 Europe: Electric Hydrofoil Boat Market Share, By Country, 2023 (% Share)
- Figure 16 Europe: Electric Hydrofoil Boat Market Share, By Country, 2023 & 2032 (Usd Million)
- Figure 17 Asia-pacific Market Analysis: Electric Hydrofoil Boats Market, 2019-2032(Usd Million)
- Figure 18 Asia-pacific: Electric Hydrofoil Boat Market Share, By Country, 2023 (% Share)
- Figure 19 Asia-pacific: Electric Hydrofoil Boat Market Share, By Country, 2023 & 2032 (Usd Million)
- Figure 20 Rest Of The World Market Analysis: Electric Hydrofoil Boats Market, 2019-2023(Usd Million)
- Figure 21 Rest Of The World: Electric Hydrofoil Boat Market Share, By Country, 2023 (% Share)
- Figure 22 Rest Of The World: Electric Hydrofoil Boat Market Share, By Country, 2023 & 2032 (Usd Million)
- Figure 23 Competitor Dashboard: Electric Hydrofoil Boat Market
- Figure 24 Global Electric Hydrofoil Boat Market Players: Competitive Analsis, 2023 (Usd Million) (% Share)
- Figure 25 Candela: Swot Analysis
- Figure 26 Envgo: Swot Analysis
- Figure 27 Navier Mobility: Financial Overview Snapshot
- Figure 28 Navier Mobility: Swot Analysis
- Figure 29 Artemis Technologies: Swot Analysis
- Figure 30 Vessev: Swot Analysis
- Figure 31 Boundary Layer Technologies: Swot Analysis
- Figure 32 Seabubble: Swot Analysis
- Figure 33 Foiler: Swot Analysis
- Figure 34 Quadrofoil: Swot Analysis
- Figure 35 Mobyfly: Swot Analysis
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