The global small boat market is anticipated to grow at a considerable CAGR of 3.7% during the forecast period. The modern boat layouts including the Gen-Z category attract customers towards them. Additionally, the integration of advanced technologies including IoT, AI, and smart sensors provides various convenient facilities including GPS tracking and automatic control. Such a technologically supported boating facility provides safety and security to the customers which inclines customers’ interest in surfing deep waters. On the other hand, a significant growth in recreational boating activities and increasing per capita income in various countries including China, Australia, and Japan are also expected to drive the market growth. The supportive government initiatives through increasing investment in the tourism sector, infrastructural development, and easing regulatory framework will further upthrust the market growth. For instance, in June 2017, the government of India announced an investment of around 193.2 million to build six international cruise terminals on both the coastlines, including the west coast (Mumbai, Goa, and Kochi) and the east coast (Visakhapatnam, Kolkata, and Chennai).
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However, the increased maritime accidents are a major challenging factor for the market growth. According to the Allianz SE, a total of 2,185 shipping accidents were recorded in 2019, in which 41 large ships were completely lost. This report will further analyze all the factors that are directly or indirectly influencing the growth of the small boat market during the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Small Boat Market by Product
- Powered Boat
- Sail Boat
- Personal Watercraft
- Others
Global Small Boat Market by Application
- Leisure
- Fishing
- Defense
- Others
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Azimut Benetti
- Bavaria Yachbau
- Brunswick Corp.
- Ferretti
- Groupe Beneteau
- Malibu Boats Inc.
- Marine Products Corp.
- Mastercraft Boat Co.
- Sunseeker International
- Yamaha Motor Corp.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global small boat market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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