Summary

Hydrofoil Boat Market Research Report 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

Industry Overview
The global hydrofoil boat market is projected to reach USD 676.7 Million by 2035, growing at a CAGR of 13.0% from 2025 to 2035. A hydrofoil boat is a watercraft fitted with wing-like foils beneath its hull that lift the boat above the water as speed increases. This reduces drag, allowing the boat to travel faster and more smoothly compared to traditional boats. Hydrofoils are commonly used in racing, passenger ferries, and naval applications.
The global hydrofoil boat market is largely dependent on the increasing demand for environmentally friendly and speedy water transport solutions. Electric hydrofoil boats are low in emissions, noise, and energy consumption and therefore are gaining more users in comparison with fuel-powered boats. Importantly, developments in batteries that allow for longer ranges and shorter charging times also positively influence the use of electric boats. At the same time, their attractiveness in urban and coastal transport, coupled with strong sector partnerships, makes electric hydrofoils a significant factor in future growth.

Major Company Development
In August 2024, ENVGO made two significant moves that substantially broadened its luxury electric boating portfolio. One was the unveiling of the NV1 electric hydrofoiling boat that, among other features, provides 80 miles of range, DC charging, and advanced performance as a result of foil technology. The other was the partnership with J. David Weiss, the yacht design master, and Torqeedo, which aims to set new standards in high-performance luxury electric marine innovation, are thus committing to sustainable marine product leadership by ENVGO.

Key Players
Key competitors 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

Industry Segmentations
• 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 Analysis
North America is at the forefront of the global hydrofoil boat market, leading the way due to the presence of strong technological capabilities and an increasing preference for eco-friendly water transport. The U.S. and Canada are the two main pillars behind this, bolstered by healthy infrastructure, boating for leisure activity, and government grants. North America led the market in 2024 with the U.S. at USD 32.6 million and Canada contributing USD 0.4 million.
Europe’s hydrofoil boat market is growing at a nice pace, which can be traced to tough environmental regulations prepared by the governments and the provision of financial support to green maritime technologies. Countries such as Sweden, Norway, and the UK are leading the way with the deployment of electric hydrofoil ferries and water taxis for urban mobility. Europe showed strong demand with Germany at USD 9.1 million, the UK at USD 7.5 million, and France at USD 8.1 million.
The hydrofoil boat market is growing most rapidly in the Asia-Pacific region, where urbanization is proceeding at a fast pace, connectivity between islands is increasing, and governments are implementing measures to make water transport more environmentally friendly. The battery and electronics sectors in China, Japan, and South Korea are providing these countries with the necessary technology to manufacture electric hydrofoils on a large scale. The Asia-Pacific market was driven by China at USD 5.8 million and Japan at USD 2.9 million.
Latin America’s hydrofoil market is gaining traction, particularly in Brazil, where vast coastlines and the Amazon Basin drive the need for faster and more efficient river transport. Hydrofoils are viewed as eco-friendly alternatives to traditional ferries, offering reduced fuel use and minimal disruption to waterways. Governments are gradually integrating sustainable solutions into maritime infrastructure, making hydrofoils a practical choice for tourism and passenger transport.
The Middle East & Africa market is evolving, driven by growing tourism, modernization of ports, and rising sustainability initiatives. Countries such as the UAE are investing in electric ferries and hydrofoil taxis to enhance waterfront mobility. Africa, with its vast inland waterways and emerging tourism industry, presents opportunities for hydrofoil adoption as a clean and efficient transport mode.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY . 21
2 MARKET INTRODUCTION . 23
2.1 DEFINITION . 23
2.2 SCOPE OF THE STUDY . 23
2.3 RESEARCH OBJECTIVE . 23
2.4 MARKET STRUCTURE . 24
3 RESEARCH METHODOLOGY . 25
3.1 OVERVIEW . 25
3.2 DATA FLOW . 26
3.2.1 DATA MINING PROCESS . 27
3.3 PURCHASED DATABASE: . 28
3.4 SECONDARY SOURCES: . 29
3.4.1 SECONDARY RESEARCH DATA FLOW: . 30
3.5 PRIMARY RESEARCH: . 31
3.5.1 PRIMARY RESEARCH DATA FLOW: . 32
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED . 33
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE . 33
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: . 34
3.6.1 REVENUE ANALYSIS APPROACH . 34
3.7 DATA FORECASTING. 35
3.7.1 DATA FORECASTING TECHNIQUE . 35
3.8 DATA MODELING . 36
3.8.1 MICROECONOMIC FACTOR ANALYSIS: . 36
3.8.2 DATA MODELING: . 37
3.9 TEAMS AND ANALYST CONTRIBUTION . 38
4 MARKET DYNAMICS . 40
4.1 INTRODUCTION . 40
4.2 DRIVERS . 40
4.2.1 INCREASING DEMAND FOR FAST AND EFFICIENT MARINE TRANSPORTATION . 40
4.2.2 INCREASING POPULARITY DUE TO FAST ELECTRIC COMMUTING . 41
4.2.3 TECHNOLOGICAL ADVANCEMENTS IN HYDROFOIL DESIGN . 41
4.3 RESTRAINTS . 42
4.3.1 NAVIGATING MARITIME REGULATIONS AND CLASSIFICATIONS FOR NEW VESSEL TYPES . 42
4.3.2 THE UPFRONT COST OF HYDROFOIL BOAT IS SIGNIFICANTLY HIGHER THAN TRADITIONAL VESSELS . 43
4.3.3 LIMITED RANGE AND CARRYING CAPACITY . 43
4.4 OPPORTUNITY . 45
4.4.1 GROWING MARITIME ACTIVITIES IN DEVELOPING NATIONS . 45
4.4.2 ADVANCEMENTS IN BATTERY TECHNOLOGY AND RENEWABLE ENERGY INTEGRATION. 45
4.4.3 SUPPORTIVE POLICIES AND SUBSIDIES FOR SUSTAINABLE MARINE TRANSPORTATION . 45
4.4.4 DEVELOPMENT OF AUTONOMOUS HYDROFOIL VESSELS . 46
4.5 TRENDS . 47
4.5.1 ELECTRIFICATION AND SUSTAINABLE PROPULSION . 47
4.5.2 GROWTH IN URBAN AND COASTAL WATER TRANSPORTATION . 47
4.5.3 INTEGRATION OF AI AND AUTONOMY . 47
4.5.4 EXPANSION INTO COMMERCIAL AND LOGISTICS APPLICATIONS . 48
4.5.5 INNOVATION IN MATERIALS AND DESIGN EFFICIENCY. 48
4.6 COVID-19 IMPACT ANALYSIS . 48
4.6.1 COVID-19 IMPACT ON HYDROFOIL BOAT MARKET. . 48
5 MARKET FACTOR ANALYSIS . 50
5.1 VALUE CHAIN ANALYSIS . 50
5.1.1 DESIGN & DEVELOPMENT . 50
5.1.2 RAW MATERIAL SUPPLIER . 50
5.1.3 MANUFACTURING & ASSEMBLY . 50
5.1.4 LOGISTICS AND DISTRIBUTION . 51
5.1.5 END USERS . 51
5.2 PORTER’S FIVE FORCES MODEL . 51
5.2.1 THREAT OF NEW ENTRANTS . 52
5.2.2 BARGAINING POWER OF SUPPLIERS . 52
5.2.3 THREAT OF SUBSTITUTES . 53
5.2.4 BARGAINING POWER OF BUYERS . 53
5.2.5 INTENSITY OF RIVALRY . 53
5.3 SWOT ANALYSIS . 54
5.4 PESTEL ANALYSIS . 56
5.5 REGULATORY LANDSCAPE . 57
5.6 PATENT TREND ANALYSIS . 58
6 GLOBAL HYDROFOIL BOAT MARKET, BY SIZE . 61
6.1 OVERVIEW . 61
6.2 SMALL (UP TO 10 METERS) . 62
6.3 MEDIUM (10-20 METERS) . 62
6.4 LARGE (OVER 20 METERS) . 62
7 GLOBAL HYDROFOIL BOAT MARKET, BY TYPE OF HULL . 63
7.1 INTRODUCTION . 63
7.2 MONOHULL . 64
7.3 CATAMARAN (TWIN-HULL) . 64
8 GLOBAL HYDROFOIL BOAT MARKET, BY HULL MATERIAL . 65
8.1 INTRODUCTION . 65
8.2 ALUMINIUM . 66
8.3 FIBERGLASS . 66
8.4 CARBON FIBER . 66
9 GLOBAL HYDROFOIL BOAT MARKET, BY PROPULSION TYPE. 68
9.1 INTRODUCTION . 68
9.2 COMBUSTION . 69
9.3 ELECTRIC. 69
10 GLOBAL HYDROFOIL BOAT MARKET, BY END USER . 70
10.1 INTRODUCTION . 70
10.2 PERSONAL/INDIVIDUAL USE . 71
10.3 WATER TRANSPORT/TAXI OPERATORS . 71
10.4 RENTAL/CHARTER COMPANIES . 71
10.5 SMART CITIES/MUNICIPALITIES . 72
10.6 WATER RESORTS/TRAVEL & HOSPITALITY . 72
10.7 OTHERS . 72
11 GLOBAL HYDROFOIL BOAT MARKET, BY REGION . 73
11.1 OVERVIEW . 73
11.1.1 GLOBAL HYDROFOIL BOAT MARKET, BY REGION, 2024 VS 2035 (USD MILLION) . 73
11.1.2 GLOBAL HYDROFOIL BOAT MARKET, BY REGION, 2019?2035 (USD MILLION) . 74
11.2 NORTH AMERICA . 75
11.2.1 US . 79
11.2.2 CANADA . 81
11.2.3 MEXICO . 82
11.3 EUROPE . 83
11.3.1 GERMANY . 87
11.3.2 UK . 89
11.3.3 FRANCE . 90
11.3.4 RUSSIA . 91
11.3.5 ITALY . 93
11.3.6 SPAIN . 94
11.3.7 SWEDEN . 96
11.3.8 REST OF EUROPE . 97
11.4 ASIA-PACIFIC . 99
11.4.1 CHINA . 103
11.4.2 JAPAN . 105
11.4.3 INDIA . 106
11.4.4 SOUTH KOREA . 106
11.4.5 MALAYSIA . 108
11.4.6 THAILAND . 109
11.4.7 INDONESIA . 109
11.4.8 REST OF ASIA-PACIFIC . 109
11.5 SOUTH AMERICA . 111
11.5.1 BRAZIL . 114
11.5.2 ARGENTINA . 114
11.5.3 REST OF SOUTH AMERICA . 116
11.6 MIDDLE EAST & AFRICA . 117
11.6.1 GCC COUNTRIES . 120
11.6.2 SOUTHERN AFRICA . 122
11.6.3 REST OF MEA . 123
12 COMPETITIVE LANDSCAPE . 126
12.1 INTRODUCTION . 126
12.2 SALES PRICE ESTIMATIONS BY HYDROFOIL BOAT SIZES . 126
12.3 COMPETITOR DASHBOARD. 128
12.4 COMPANY MARKET SHARE ANALYSIS, 2024 . 129
12.5 KEY DEVELOPMENTS & GROWTH STRATEGIES . 130
12.5.1 NEW PRODUCT LAUNCH/ DEVELOPMENT . 130
12.5.2 PARTNERSHIP/COLLABORATION, INVESTMENT, EXPANSION, AND OTHERS . 131
13 COMPANY PROFILES . 133
13.1 CANDELA . 133
13.1.1 COMPANY OVERVIEW. 133
13.1.2 FINANCIAL OVERVIEW . 133
13.1.3 PRODUCTS OFFERED . 133
13.1.4 KEY DEVELOPMENTS . 134
13.1.5 SWOT ANALYSIS . 135
13.1.6 KEY STRATEGIES . 136
13.2 ENVGO INC. . 137
13.2.1 COMPANY OVERVIEW. 137
13.2.2 FINANCIAL OVERVIEW . 137
13.2.3 PRODUCTS OFFERED . 137
13.2.4 KEY DEVELOPMENTS . 138
13.2.5 SWOT ANALYSIS . 139
13.2.6 KEY STRATEGIES . 139
13.3 NAVIER MOBILITY . 140
13.3.1 COMPANY OVERVIEW. 140
13.3.2 FINANCIAL OVERVIEW . 141
13.3.3 PRODUCTS OFFERED . 141
13.3.4 KEY DEVELOPMENTS . 142
13.3.5 SWOT ANALYSIS . 143
13.3.6 KEY STRATEGIES . 143
13.4 ARTEMIS TECHNOLOGIES . 144
13.4.1 COMPANY OVERVIEW. 144
13.4.2 FINANCIAL OVERVIEW . 144
13.4.3 PRODUCTS OFFERED . 144
13.4.4 KEY DEVELOPMENTS . 145
13.4.5 SWOT ANALYSIS . 146
13.4.6 KEY STRATEGIES . 146
13.5 VESSEV . 147
13.5.1 COMPANY OVERVIEW. 147
13.5.2 FINANCIAL OVERVIEW . 148
13.5.3 PRODUCTS OFFERED . 148
13.5.4 KEY DEVELOPMENTS . 148
13.5.5 SWOT ANALYSIS . 149
13.5.6 KEY STRATEGIES . 149
13.6 BOUNDARY LAYER TECHNOLOGIES . 150
13.6.1 COMPANY OVERVIEW. 150
13.6.2 FINANCIAL OVERVIEW . 150
13.6.3 PRODUCTS OFFERED . 150
13.6.4 KEY DEVELOPMENTS . 151
13.6.5 SWOT ANALYSIS . 151
13.6.6 KEY STRATEGIES . 152
13.7 SEABUBBLE . 153
13.7.1 COMPANY OVERVIEW. 153
13.7.2 FINANCIAL OVERVIEW . 153
13.7.3 PRODUCTS OFFERED . 153
13.7.4 KEY DEVELOPMENTS . 154
13.7.5 SWOT ANALYSIS . 155
13.7.6 KEY STRATEGIES . 155
13.8 FOILER . 156
13.8.1 COMPANY OVERVIEW. 156
13.8.2 FINANCIAL OVERVIEW . 156
13.8.3 PRODUCTS OFFERED . 156
13.8.4 KEY DEVELOPMENTS . 157
13.8.5 SWOT ANALYSIS . 157
13.8.6 KEY STRATEGIES . 158
13.9 QUADROFOIL . 159
13.9.1 COMPANY OVERVIEW. 159
13.9.2 FINANCIAL OVERVIEW . 159
13.9.3 PRODUCTS OFFERED . 160
13.9.4 KEY DEVELOPMENTS . 160
13.9.5 SWOT ANALYSIS . 161
13.9.6 KEY STRATEGIES . 161
13.10 MOBYFLY . 162
13.10.1 COMPANY OVERVIEW. 162
13.10.2 FINANCIAL OVERVIEW . 162
13.10.3 PRODUCTS OFFERED . 162
13.10.4 KEY DEVELOPMENTS . 163
13.10.5 SWOT ANALYSIS . 163
13.10.6 KEY STRATEGIES . 164
13.11 FOILCAT . 165
13.11.1 COMPANY OVERVIEW. 165
13.11.2 FINANCIAL OVERVIEW . 165
13.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED . 165
13.11.4 KEY DEVELOPMENTS . 166
13.11.5 SWOT ANALYSIS . 166
13.11.6 KEY STRATEGIES . 166
13.12 SEAIR . 167
13.12.1 COMPANY OVERVIEW. 167
13.12.2 FINANCIAL OVERVIEW . 167
13.12.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED . 167
13.12.4 KEY DEVELOPMENTS . 167
13.12.5 SWOT ANALYSIS . 168
13.12.6 KEY STRATEGIES . 168
13.13 EDORADO . 169
13.13.1 COMPANY OVERVIEW. 169
13.13.2 FINANCIAL OVERVIEW . 169
13.13.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED . 169
13.13.4 KEY DEVELOPMENTS . 170
13.13.5 SWOT ANALYSIS . 170
13.13.6 KEY STRATEGIES . 170
13.14 BERING MARINE . 171
13.14.1 COMPANY OVERVIEW. 171
13.14.2 FINANCIAL OVERVIEW . 171
13.14.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED . 171
13.14.4 KEY DEVELOPMENTS . 172
13.14.5 SWOT ANALYSIS . 173
13.14.6 KEY STRATEGIES . 173
13.15 FLYING FISH MARITIME INNOVATIONS BV . 174
13.15.1 COMPANY OVERVIEW. 174
13.15.2 FINANCIAL OVERVIEW . 174
13.15.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED . 174
13.15.4 KEY DEVELOPMENTS . 175
13.15.5 SWOT ANALYSIS . 175
13.15.6 KEY STRATEGIES . 175
13.16 DATA CITATIONS . 180