Global Hydrofoil Boat Market Research Report Information by Size, by Type of Hull, by Hull Material, by Propulsion Type, by End Users, and by Region Forecast till 2035

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List of Tables

Global Hydrofoil Boat Market Research Report Information by Size [Small (Up to 10 Meters), Medium (10-20 Meters), Large (Over 20 Meters)], by Type of Hull [Monohull, Catamaran (Twin-Hull)], by Hull Material (Aluminium, Fiberglass, Carbon Fiber), by Propulsion Type (Combustion, Electric), by End Users (Personal/Individual Use, Water Transport/Taxi Operators, Rental/Charter Companies, Smart Cities/Municipalities, Water Resorts/Travel & Hospitality, Others), and by Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) Forecast till 2035

Market Analysis

With a 13.0% CAGR (2025-2035), the global hydrofoil boat market size is expected to hit USD 676.7 Million by 2035. A hydrofoil boat is designed with underwater wings called foils that lift the hull above the surface once it gains speed. By reducing water resistance, it achieves higher speeds and a smoother ride than regular boats.

Growing emphasis on eco-friendly and efficient water transport is fueling demand in the global hydrofoil boat market. Electric hydrofoil boats significantly reduce carbon emissions compared to conventional models, aligning with the global push toward sustainable mobility. Enhanced performance features such as reduced drag, greater speed, longer ranges, and low noise make them ideal for urban commuting, tourism, and recreational use. Supportive innovations in navigation systems and smart controls further strengthen their role as the preferred alternative in modern marine transport.

Key Company Development

ENVGO, an American company, has just announced on the 4th of August 2024 that it intends to reach out to the luxury electric boating market with its NV1 hydrofoiling boat. The NV1 merges high tech with the environment for a great user experience through features such as a range of 80 miles, DC fast charging, and advanced hydrofoil technology. The partnership of ENVGO with J David Weiss, the accomplished yachtdesigner, and Torqeedo, which specializes in marine electricity, would result in the green luxury high-performance yacht NV1 attaining new heights in the worldwide marine industry.

Major Competitors

Key players in the global hydrofoil boat market are Candela, enVgo, Navier Mobility (Navier), Artemis Technologies, Vessev, Boundary Layer Technologies, Sea bubbles, Foiler, Quadrofoil, MobyFly's, FoilCat, SEAir, Edorado, Bering Marine, and Flying Fish Hovercraft.

Report Attribute Details

Market Size 2035: USD 676.7 Million
CAGR (2025-2035): 13.0%
Base Year: 2024
Market Forecast Period: 2025-2035

Market Segmentation Insights

By Size - Small (Up to 10 Meters): 14.0%, Medium (10-20 Meters): 12.5%.
By Type of Hull - Monohull: 13.3%, Catamaran (Twin-Hull): 12.0%.
By Hull Material - Aluminium: 11.1%, Fiberglass: 11.3%.
By Propulsion Type - Combustion: -1.7%, Electric: 15.0%.
By End Users - Personal/Individual Use: 12.4%, Water Transport/Taxi Operators: 12.6%.

Regional Perspectives

The U.S. is North America, which is among the top markets for hydrofoil boats, with the recreational boating and commercial transportation sectors as the main drivers for change to electric propulsion. It is consumers in this region who are making the switch from traditional engines to environmentally-friendly watercraft and playing a pivotal role in the sustained market growth. In 2024, the North American market was dominated by the U.S. (USD 32.6 million) alongside Canada (USD 0.4 million).

Europe trades its way to the front of the pack when it comes to going all-electric on its hydrofoils, with huge support from the government in terms of money and the great enthusiasm of the people when it comes to green mobility. With the adoption of strict EU-wide decarbonization strategies, Europe is poised to become a key area for hydrofoil expansion in the next several years. Europe's performance was highlighted by Germany (USD 9.1 million), the UK (USD 7.5 million), and France (USD 8.1 million).

The Asia-Pacific market is all over with the strong demand, which has been coming from commercial and leisure applications. Government-led decarbonization programs and high population density along coasts are adding further momentum. Within Asia-Pacific, China (USD 5.8 million) and Japan (USD 2.9 million) emerged as the key contributors.

Latin America's market is expanding steadily, particularly across Brazil and Colombia, where vast waterways create a natural use case for hydrofoil vessels. Electric hydrofoils are being considered as replacements for traditional ferries to reduce emissions along the Amazon Basin. Their ability to provide faster, quieter, and more efficient transport aligns with conservation and eco-tourism objectives.

Hydrofoil adoption in the Middle East & Africa is linked to both luxury tourism and public transport initiatives. The UAE has positioned itself as a leader in maritime innovation, investing in electric ferries and urban water mobility projects. African nations with strong eco-tourism potential are also considering hydrofoils as sustainable alternatives for coastal and inland routes.

Product Code: MRFR/AM/20885-CR

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 DEMAND FOR FAST AND EFFICIENT MARINE TRANSPORTATION
- 4.2.2 INCREASING POPULARITY DUE TO FAST ELECTRIC COMMUTING
- 4.2.3 TECHNOLOGICAL ADVANCEMENTS IN HYDROFOIL DESIGN
4.3 RESTRAINTS
- 4.3.1 NAVIGATING MARITIME REGULATIONS AND CLASSIFICATIONS FOR NEW VESSEL TYPES
- 4.3.2 THE UPFRONT COST OF HYDROFOIL BOAT 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
- 4.4.4 DEVELOPMENT OF AUTONOMOUS HYDROFOIL VESSELS
4.5 TRENDS
- 4.5.1 ELECTRIFICATION AND SUSTAINABLE PROPULSION
- 4.5.2 GROWTH IN URBAN AND COASTAL WATER TRANSPORTATION
- 4.5.3 INTEGRATION OF AI AND AUTONOMY
- 4.5.4 EXPANSION INTO COMMERCIAL AND LOGISTICS APPLICATIONS
- 4.5.5 INNOVATION IN MATERIALS AND DESIGN EFFICIENCY
4.6 COVID-19 IMPACT ANALYSIS
- 4.6.1 COVID-19 IMPACT ON 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
5.3 SWOT ANALYSIS
5.4 PESTEL ANALYSIS
5.5 REGULATORY LANDSCAPE
5.6 PATENT TREND ANALYSIS

6 GLOBAL HYDROFOIL BOAT MARKET, BY SIZE

6.1 OVERVIEW
6.2 SMALL (UP TO 10 METERS)
6.3 MEDIUM (10-20 METERS)
6.4 LARGE (OVER 20 METERS)

7 GLOBAL HYDROFOIL BOAT MARKET, BY TYPE OF HULL

7.1 INTRODUCTION
7.2 MONOHULL
7.3 CATAMARAN (TWIN-HULL)

8 GLOBAL HYDROFOIL BOAT MARKET, BY HULL MATERIAL

8.1 INTRODUCTION
8.2 ALUMINIUM
8.3 FIBERGLASS
8.4 CARBON FIBER

9 GLOBAL HYDROFOIL BOAT MARKET, BY PROPULSION TYPE

9.1 INTRODUCTION
9.2 COMBUSTION
9.3 ELECTRIC

10 GLOBAL HYDROFOIL BOAT MARKET, BY END USER

10.1 INTRODUCTION
10.2 PERSONAL/INDIVIDUAL USE
10.3 WATER TRANSPORT/TAXI OPERATORS
10.4 RENTAL/CHARTER COMPANIES
10.5 SMART CITIES/MUNICIPALITIES
10.6 WATER RESORTS/TRAVEL & HOSPITALITY
10.7 OTHERS

11 GLOBAL HYDROFOIL BOAT MARKET, BY REGION

11.1 OVERVIEW
- 11.1.1 GLOBAL HYDROFOIL BOAT MARKET, BY REGION, 2024 VS 2035 (USD MILLION)
- 11.1.2 GLOBAL HYDROFOIL BOAT MARKET, BY REGION, 2019-2035 (USD MILLION)
11.2 NORTH AMERICA
- 11.2.1 US
- 11.2.2 CANADA
- 11.2.3 MEXICO
11.3 EUROPE
- 11.3.1 GERMANY
- 11.3.2 UK
- 11.3.3 FRANCE
- 11.3.4 RUSSIA
- 11.3.5 ITALY
- 11.3.6 SPAIN
- 11.3.7 SWEDEN
- 11.3.8 REST OF EUROPE
11.4 ASIA-PACIFIC
- 11.4.1 CHINA
- 11.4.2 JAPAN
- 11.4.3 INDIA
- 11.4.4 SOUTH KOREA
- 11.4.5 MALAYSIA
- 11.4.6 THAILAND
- 11.4.7 INDONESIA
- 11.4.8 REST OF ASIA-PACIFIC
11.5 SOUTH AMERICA
- 11.5.1 BRAZIL
- 11.5.2 ARGENTINA
- 11.5.3 REST OF SOUTH AMERICA
11.6 MIDDLE EAST & AFRICA
- 11.6.1 GCC COUNTRIES
- 11.6.2 SOUTHERN AFRICA
- 11.6.3 REST OF MEA

12 COMPETITIVE LANDSCAPE

12.1 INTRODUCTION
12.2 SALES PRICE ESTIMATIONS BY HYDROFOIL BOAT SIZES
12.3 COMPETITOR DASHBOARD
12.4 COMPANY MARKET SHARE ANALYSIS, 2024
12.5 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 12.5.1 NEW PRODUCT LAUNCH/ DEVELOPMENT
- 12.5.2 PARTNERSHIP/COLLABORATION, INVESTMENT, EXPANSION, AND OTHERS

13 COMPANY PROFILES

13.1 CANDELA
- 13.1.1 COMPANY OVERVIEW
- 13.1.2 FINANCIAL OVERVIEW
- 13.1.3 PRODUCTS OFFERED
- 13.1.4 KEY DEVELOPMENTS
- 13.1.5 SWOT ANALYSIS
- 13.1.6 KEY STRATEGIES
13.2 ENVGO INC.
- 13.2.1 COMPANY OVERVIEW
- 13.2.2 FINANCIAL OVERVIEW
- 13.2.3 PRODUCTS OFFERED
- 13.2.4 KEY DEVELOPMENTS
- 13.2.5 SWOT ANALYSIS
- 13.2.6 KEY STRATEGIES
13.3 NAVIER MOBILITY
- 13.3.1 COMPANY OVERVIEW
- 13.3.2 FINANCIAL OVERVIEW
- 13.3.3 PRODUCTS OFFERED
- 13.3.4 KEY DEVELOPMENTS
- 13.3.5 SWOT ANALYSIS
- 13.3.6 KEY STRATEGIES
13.4 ARTEMIS TECHNOLOGIES
- 13.4.1 COMPANY OVERVIEW
- 13.4.2 FINANCIAL OVERVIEW
- 13.4.3 PRODUCTS OFFERED
- 13.4.4 KEY DEVELOPMENTS
- 13.4.5 SWOT ANALYSIS
- 13.4.6 KEY STRATEGIES
13.5 VESSEV
- 13.5.1 COMPANY OVERVIEW
- 13.5.2 FINANCIAL OVERVIEW
- 13.5.3 PRODUCTS OFFERED
- 13.5.4 KEY DEVELOPMENTS
- 13.5.5 SWOT ANALYSIS
- 13.5.6 KEY STRATEGIES
13.6 BOUNDARY LAYER TECHNOLOGIES
- 13.6.1 COMPANY OVERVIEW
- 13.6.2 FINANCIAL OVERVIEW
- 13.6.3 PRODUCTS OFFERED
- 13.6.4 KEY DEVELOPMENTS
- 13.6.5 SWOT ANALYSIS
- 13.6.6 KEY STRATEGIES
13.7 SEABUBBLE
- 13.7.1 COMPANY OVERVIEW
- 13.7.2 FINANCIAL OVERVIEW
- 13.7.3 PRODUCTS OFFERED
- 13.7.4 KEY DEVELOPMENTS
- 13.7.5 SWOT ANALYSIS
- 13.7.6 KEY STRATEGIES
13.8 FOILER
- 13.8.1 COMPANY OVERVIEW
- 13.8.2 FINANCIAL OVERVIEW
- 13.8.3 PRODUCTS OFFERED
- 13.8.4 KEY DEVELOPMENTS
- 13.8.5 SWOT ANALYSIS
- 13.8.6 KEY STRATEGIES
13.9 QUADROFOIL
- 13.9.1 COMPANY OVERVIEW
- 13.9.2 FINANCIAL OVERVIEW
- 13.9.3 PRODUCTS OFFERED
- 13.9.4 KEY DEVELOPMENTS
- 13.9.5 SWOT ANALYSIS
- 13.9.6 KEY STRATEGIES
13.10 MOBYFLY
- 13.10.1 COMPANY OVERVIEW
- 13.10.2 FINANCIAL OVERVIEW
- 13.10.3 PRODUCTS OFFERED
- 13.10.4 KEY DEVELOPMENTS
- 13.10.5 SWOT ANALYSIS
- 13.10.6 KEY STRATEGIES
13.11 FOILCAT
- 13.11.1 COMPANY OVERVIEW
- 13.11.2 FINANCIAL OVERVIEW
- 13.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.11.4 KEY DEVELOPMENTS
- 13.11.5 SWOT ANALYSIS
- 13.11.6 KEY STRATEGIES
13.12 SEAIR
- 13.12.1 COMPANY OVERVIEW
- 13.12.2 FINANCIAL OVERVIEW
- 13.12.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.12.4 KEY DEVELOPMENTS
- 13.12.5 SWOT ANALYSIS
- 13.12.6 KEY STRATEGIES
13.13 EDORADO
- 13.13.1 COMPANY OVERVIEW
- 13.13.2 FINANCIAL OVERVIEW
- 13.13.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.13.4 KEY DEVELOPMENTS
- 13.13.5 SWOT ANALYSIS
- 13.13.6 KEY STRATEGIES
13.14 BERING MARINE
- 13.14.1 COMPANY OVERVIEW
- 13.14.2 FINANCIAL OVERVIEW
- 13.14.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.14.4 KEY DEVELOPMENTS
- 13.14.5 SWOT ANALYSIS
- 13.14.6 KEY STRATEGIES
13.15 FLYING FISH MARITIME INNOVATIONS BV
- 13.15.1 COMPANY OVERVIEW
- 13.15.2 FINANCIAL OVERVIEW
- 13.15.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 13.15.4 KEY DEVELOPMENTS
- 13.15.5 SWOT ANALYSIS
- 13.15.6 KEY STRATEGIES
13.16 DATA CITATIONS