I'm pretty sure that is a foldable boat of some kind (looks to be either plastic or a modern composite.) The frame folds flat for storage, the red thing is a waterproof skin that is stretched into place.
Not sure about what kind of use the hull is designed for. Either a (poor variation of) a SOT type kayak, or the hull shape might be a sailing craft, perhaps a version of a sailboard (think "Lazer") or a Mersea Duck Punt. Depends on if the hull is right-side-up or not. Also, that angle is quite a bit of a tease...