Boat Market Size, Share Global Analysis Report, 2019 - 2026

Industry Insights

This professional and specialized report study examines the technical and business perspective of the Boat industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the global Boat market. The report study analyzes the market statistics at the global as well as regional levels to gain an in-depth perspective of the overall Boat market.

The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.

We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the global Boat market in our study.

Key Insights from Primary Research

• The boating industry is exhibiting an increasing process of commercialization worldwide owing to rising consumer consumption and strong spending.
• Higher demands for smaller boats such as water-sports boats, pontoons, etc. due to affordability and attractive design have engaged the manufacturing in producing smaller boats, thereby augmenting the global Boat market.
• For instance, the National Marine Manufacturers Association (NMMA) reports boat manufacturers have increased their spending in advancing manufacturing capabilities for propelling the sales of boats.
• Boat market is experiencing significant growth owing to the increasing prominent leisure activities enjoyed by a large section of the population in regions such as North America, Europe, and Middle East and Africa.
• Advancements in boat technologies, alterations in boat size, increasing high per capita income, and escalating tourism activities has have been magnetizing more people toward recreational boating.

Key Recommendations from Analysts

• As per our research analysts, high per capita income in urbanized regions such as North America is expected to give the populace an opportunity to spend more on premium recreational activities and boat purchases
• Growing trend of water sports activities and other water-related tourism activities will accelerate the global Boat market during the forecast period.
• According to our experts, the growing advancements in the shipping and fishing industry over the period of time are anticipated to increase the trading options of the Boating market.
• Growing adoption of boat-related activities and manufacturing advancements in regions such as India, China, Korea, and Southeast Asia is expected to make the Asia Pacific a promising region for the global Boat market over the forecast period.
• The Boat market in GCC countries exhibits significant growth and high sales owing to the power of the seafaring industry in trade activities.

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the global Boat market. It also encompasses PESTLE analysis and SWOT analysis.

The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the global Boat market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the global Boat market.

The research study provides a critical assessment of the Boat industry by logically segmenting the market on the basis of Type and Region. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the Boat industry includes the holistic bifurcation of all five major continents including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Boats are vessels used as a mode of transportation as well as for recreational purposes. It is generally used for personal, leisure, naval, and sports activities. The growing demand for tourism and water sports has increased the production of boats across the globe.

Boating’s role in tourism activities is anticipated to help impel economic growth over the forecast timeframe. The increasing trend of holidaying, vacation destinations, and love for water sports, cruising, & fishing will help boost the demand for the Boat industry. Pleasure boats have become an important part of tourist attraction, there increasing the scope of the global Boat market. The high disposable income has increased the sales of pleasure boats and also tourism activities among the populace across the globe. The cursing activities have helped the global Boating market experience tremendous growth. Apart from this, the technological advancements made by the manufacturers will propel the boat market. The lack of financial strength, high manufacturing expenditure, pricey raw materials, and stringent government regulations are likely to have a negative impact on the global Boat market. Additionally, the lack of traditional procedures in meeting up to the demands, extreme safety warnings, and recession is expected to affect the Boat market growth.

The global Boat market is segmented based on Type. On the basis of type, the global Boat market is divided into Commercial Boat, Fishing Boat, Pleasure boats, and Military Boat.

Report Scope

Some of the essential players operating in the global Boat market, but not restricted to include

• Maritime Partner AS
• Willard Marine
• Asis Boats
• South Boats IOW
• HiSiBi
• Fassmer
• SAFE Boats
• LOMOcean Design
• FB Design
• Alutech
• Sunbird Yacht
• Marine
• BCGP
• PALFINGER
• Connor Industries
• MARINE

The taxonomy of the Boat Market by its scope and segmentation is as follows:

Global Boats Market: By Type Segmentation Analysis

• Pleasure boat
  • Cuddy
  • Deck
  • Pontoons
  • Others
• Fishing boat
  • Convertible Fishing Boat
  • Bass Boat
  • Bay Boat
  • Bowrider
  • Others 
• Commercial boat
  • Charter Boats
  • Airboats
  • Houseboats
  • Others 
• Military boat

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada

• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa

KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:

• Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
• Direct and Indirect Rationales Impacting the Industry
• In-depth and Micro Analysis of Viable Segments and Sub-segments
• Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
• Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
• Key Buyers and End-Users Analysis
• Value Chain and Manufacturing Cost Structure Analysis wherever relevant
• Key Marketing Strategies as well as Key Sales Channels adopted in the market
• Investment Opportunity Analysis & Patents Analysis wherever feasible
• Technological Road Map & Technical Analysis
• Robust Research Methodology comprising a dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)