According to a new market report published by
Lucintel, the future of the global recreational boating industry looks good
with opportunities
in the inboard and
sterndrive, outboard, and sailboat. The global recreational boating market is
expected to reach an estimated $ 30.0 billion by 2022 and it is forecast to grow at a CAGR of 3.8% from 2017 to 2022. The
major drivers of growth for this market are increasing disposable income, lower
interest rates, and rising spending on recreation and leisure activities.
In this
market, inboard and sterndrive, outboard and sailboat are the major boat types.
On the basis of its comprehensive research, Lucintel
forecasts that the in board and sterndrive boat is expected to be the largest market
by value and the market is also projected to show the highest growth rate
during the forecast period 2017 to 2022.
North America is expected to remain the
largest region by value and volume. Asia Pacific (APAC) is expected to
experience the highest growth over the forecast period due to growth in tourism
and water sports activities, which is supported by increasing spending on
leisure time and travel.
Emerging
trends, which have a direct impact on the dynamics of the industry, include
increasing use of absorbed glass mat (AGM) batteries in powerboats due to impressive
battery lives and long lifespan than lithium-ion batteries and use of synthetic
material to manufacture deck to reduce use of wood. Brunswick,
Beneteau Group, Ferretti, Azimut-Benetti, Sunseeker, Bavaria Yachtbau, and
Princess are among the major manufacturers of the global
recreational boating industry.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the recreational
boat industry by boat type, and by region, and has come up with a comprehensive
research report entitled, “Growth
Opportunities in Recreational Boating Industry 2017-2022: Trends, Forecast, and
Opportunity Analysis.”
The Lucintel report serves as a catalyst for growth strategy as it provides a
comprehensive data and analysis on trends, key drivers, and directions.
The
study includes market trends and forecasts for the global recreational boat
market segmented by boat type, region and country as follows:
By type (Value ($M) and
Volume (Units) shipment analysis for (2011 – 2022):
- Inboard & sterndrive
- Outboard
- Sailboat
- Others
By region (Value ($M) and Volume (Units)
shipment analysis for (2011 – 2022):
- North America
- Europe
- APAC
- ROW
By
Country (Value ($M) for 2011-2022):
- North America
-
US
-
Canada
-
Mexico
- Europe
-
Italy
-
France
-
Germany
-
UK
-
Others
- Asia Pacific
-
Australia
-
China
-
Taiwan
-
New Zealand
-
Others
- ROW
-
Brazil
-
Others
This 192 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Mass Transportation, Transportation Market Report, Strategic Growth Consulting, Capital Investment Analysis and Due Diligence.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This report answers the following 11 key
questions:
Q.1 What
are some of the most promising, high-growth opportunities in the global
recreational boat industry by boat type (Inboard & Sterndrive, Outboard,
Sailboat, and Others), region (North America, Europe, Asia Pacific and ROW) and
by country (US, Canada, Mexico, Italy, France, Germany, UK, China, India,
Taiwan, New Zealand, and Brazil) ?
Q.2
Which product segments will grow at a faster pace and why?
Q.3
Which region will grow at a faster pace and why?
Q.4
What are the key factors affecting market dynamics? What are the drivers and
challenges in the market?
Q.5
What are the business risks and competitive threats in this market?
Q.6
What are emerging trends in this market and reasons behind them?
Q.7
What are some changing demands of customers in the market?
Q.8
What are the new developments in the market and which companies are leading
these developments?
Q.9
Who are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?
Q.10
What are some of the competitive products in this area and how great a threat
do they pose for loss of market share through product substitution?
Q.11
What M&A activities have transpired in the last 5 years in this market and what
impact have these had on the industry?