global boat market: size, trends & forecasts (2019-2023)€¦ · the market has been split into...
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Global Boat Market: Size, Trends &
Forecasts (2019-2023)
February 2019
Global Boat Market: Coverage
Executive Summary and Scope
Introduction/Market Overview
Market Analysis
Dynamics
Competitive Landscape
Company Profiling
Global Boat Market : Coverage
Attributes Details
Title Global Boat Market: Size, Trends & Forecasts (2019-2023)
Coverage Middle East, North America, Europe
Market Influencing Variables Growth Drivers, Challenges, Market Trends
Forecast Period of Market 2019-2023
Competition in the Market Fragmented
Key Players Brunswick Corporation, Beneteau Group, Malibu Boats Inc.
Scope of the Report
Global Boat Market
A boat is a watercraft that has that has a wide range of types and size. Ships are differentiated from boats on the basis of the former’s large size, shape, and cargo or passenger carrying capacity. The global boat can be split up on the basis of application type and type of propulsion. On the basis of application type, the market can be further bifurcated into pleasure, fishing, commercial and military boats. On the basis of propulsion, the market has been split into motor boats and sail boats.
The global boat market is forecasted to grow at a healthy rate during the forecast period (2019-2023). The market is supported by various growth drivers such as taking up of boating more frequently as a recreational activity, increasing number of high net worth individuals (HNWI), improving customer confidence index and efforts by governments in major countries such as the US and China to generate interest of boating among the masses.
Environmental issues due to the use of certain materials during boat manufacturing and affects of adverse weather conditions on the revenue generating capacity of boat players are some of the challenges faced by the market.
Rising M&A activity, autonomous boats in pipeline, adoption of IoT technology, initiatives of attracting millennials towards boating, innovative materials used for boat building emergency of beacons and commercialization of hybrid leisure boats are some of the latest trends existing in the market.
Executive Summary
Global Boat Market: An Analysis
Global Boat Market by Value
The global boat market generated revenues worth US$... billion by 2018 in comparison to US$... billion in 2015 exhibiting a CAGR of …% over the years 2015-2018. In the forecast period 2019-2023, the global boat market is estimated to ascend at a CAGR of …% totaling to US$... billion by 2023 in comparison to a value of US$... billion in 2019.
CAGRs
2019-2023 xx%
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2015 2016 2017 2018
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2019 2020 2021 2022 2023
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Global Boat Market: Propulsion Type Analysis
Propulsion Type Share
Motor boats xx%
Sail Boats xx%
Global Boat Market Value by Propulsion Type; 2018
Global Boat Market: Propulsion Type Analysis
Global Motor Boat Market by Value
The global motorboat market in terms of value increased to US$...billion by 2018 against US$... billion in 2015 posting a CAGR growth of …% during the period 2015-2018. The market is further forecasted to climb to US$... billion by 2023 in contrast to US$... billion in 2019 demonstrating a CAGR of …% over the years 2019-2023.
CAGRs
2019-2023 xx%
14.5
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15.5
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19.5
2015 2016 2017 2018
US
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Global Boat Market: Propulsion Type Analysis
Global Sail Boat Market by Value
The global sail boat market is projected to rise to US$... billion by 2023 in comparison to a value of US$...billion in 2019 showcasing a CAGR of …% over the forecast period 2019-2023. .
CAGRs
2019-2023 xx%
0
2
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2015 2016 2017 2018
US
$ B
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10.8
11.0
11.2
11.4
11.6
11.8
12.0
12.2
12.4
12.6
2019 2020 2021 2022 2023
US
$ B
illio
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Global Boat Market: Application Type Analysis
Application Type Share
Pleasure boats xx%
Others (Fishing, Commercial and
Military) xx%
Global Boat Market Value by Application Type; 2018
Global Boat Market: Application Type Analysis
Global Pleasure Boat Market by Value
The global pleasure boat market was valued at US$... billion in 2018. In the forecast period, the market is expected to incline to a value of US$... billion by 2023 in contrast to a value of US$... billion by 2019 showing a CAGR of …% during the years 2019-2023.
CAGRs
2019-2023 xx%
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2015 2016 2017 2018
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$ B
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2019 2020 2021 2022 2023
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$ B
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Global Boat Market: Application Type Analysis
Global Pleasure Boat Market by Volume
The installed base of pleasure boats globally has been increasingly steadily. In 2018, the installed base of pleasure boats stood at …million units. This is further likely to surge to …. million units by 2023 compared to … million units in 2019.
0
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2015 2016 2017 2018
Millio
n U
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2019 2020 2021 2022 2023
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Global Boat Market: Regional Analysis
Middle East Pleasure Boat market by Value North America Boat Market by Volume
Europe Boat Market by Value
2019 2020 2021 2022 2023
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$ B
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2019 2020 2021 2022 2023
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2019 2020 2021 2022 2023
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Global Boat Market : Dynamics
Growth Driver
• Increasing Population of High Net Worth Individuals
• Government initiatives to Promote Tourism
Challenges
• Environmental Issues
• Adverse Weather Conditions
Market Trends
• Rising M&A Activity
•Autonomous Boats in Pipeline
Global Boat Market : Competitive Landscape
• Brunswick Corporation
• Beneteau Group
• Malibu Boats Inc.
Players Profiled
Note: The graphs on this slide are only for sample representation.