Rigid Inflatable Boats Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Rigid Inflatable Boats Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Rigid Inflatable Boats Market

The rigid inflatable boats market size was valued at USD 1.28 billion in 2023, and the market is now projected to grow from USD 1.36 billion in 2024 to USD 2.10 billion by 2032, exhibiting a CAGR of 5.78% during the forecast period of 2024-2032.

Shaken by the COVID-19 pandemic, the rigid inflatable boats (RIBs) market turned into a very important segment for several players. Measures like restricted mobility, low consumer traffic and disrupted sourcing affected production and sales volume in the first half of this year. But as such activities as outdoor and recreational activities enhanced due to practices such as social distancing, there was a gradual rise in the demand and usage of RIBs. New demand for personal and thereby small boats revived the interest in the Report post the COVID-19 period. In addition, through various evolutions caused by different conditions, manufacturers aimed at direct sales and online advertising and changed the nature of gaining consumers.

These are known as the rigid inflatable boats (RIBs) which are enjoying an increased demand owing to developments in the area of recreational boating and better safety standards. As a result, new technologies for meet the customer’s increasing demand on electric and hybrid RIBs have been developed. Some of these include GPS navigation; digital displays and new and improved hulls; which are all improving performance and experiences. Also, the requirement for more versatile and customizable RIBs for various uses ranging from recreational to, for instance, search and rescue, due to different client requirements, is also observed. Thus, all the above mentioned factors are contributing towards the rigid inflatable boats market growth.

The rigid inflatable boats (RIBs) market is due to the increasing interest of the general public in recreational boats and the multi-purpose of RIBs that they can be used in military operations, rescue operations, and eco-tourism. These are some of the best boats and their functions and long lasting nature, performance and safety aspects makes them to be frequently used by boat users of different classes. ; Improvements in the technologies used for automotive manufacturing such as lightweight materials, and engines have led to high fuel economy and reduced emissions. Also, rising consciousness among individuals about environmental conservation has pushed the pedal for electric RIBs making the market more buoyant as consumers demand environment friendly solutions.

Comprehensive Analysis Rigid Inflatable Boats Market

Segmentation can be done by factors such as hull type, tube type, length, and the type of propulsion. By hull type RIBs can be categorized into aluminum and fiberglass hulls, and for each type, both has a different level of strength, and weight. Tube types are available in PVC and Hypalon with differences in durability depending on their environment. In terms of length, RIBs are categorized into two ranges: It has solutions for both operations in the range of 3-9 meters and 9-15 meters to meet various user requirements. Last of all, propulsion type is of main two types, outboard and inboard engines which also impacts the performance and its usage.

The dominant segment in the rigid inflatable boats (RIBs) market is North America because of increased interest in boating activities, including recreational boating due to many shoreline facilities. For instance, the USA market has a large number of boat owners and increasing demand for multipurpose boats for recreational use, and emergency and commercial operations. Moreover, increasing technological developments in the industry and innovations in boat construction have drawn customer interest in improved craft. The fact that most of the region has supporting facilities for boating and a growing concern regarding marine security makes North America dominant in the RIBs market.

Key players in this sector include Zodiac Nautic (France), Highfield Boats (China), ASIS Boats (U.S.), Brig Boats (Ukraine), Sealegs Corporation (New Zealand), Walker Bay Boats (U.S.), AB Inflatables (U.S.), Tornado Boats (Denmark), Ribcraft (U.S.)

Both Savcar Inc and Zodiac Marine & Pool respectively are implementing market trends in 2024 of RIBs that are electric propulsion. In recent years due to awareness of energy conservation manufacturers have come up with manufacturing electric RIBs with less emission of Carbon and noise pollution. Procedures in battery technologies are allowing longer range and higher performance that can make electric models appropriate for pleasure and business purposes. Furthermore, new technology solution, including GPS tracking, auto-navigation and connectivity options are now compulsory which offers the users better safety and operational advantages. These innovations are indicators of a new trend in environmentally conscious and technologically advanced marine solutions.

Segmentation Table

ATTRIBUTE

DETAILS

Study Period

2019-2030

Base Year

2022

Estimated Year

2023

Forecast Period

2023-2030

Historical Period

2019-2021

Growth Rate

CAGR of 6.1% from 2023 to 2030

Unit

Value (USD million)

Segmentation

By Product Type, End-User, and Region

Segmentation

By Product Type

Rolling Flat Dies

Thread Rolling Cylindrical Dies

Rotary Type Thread Rolling Dies

Rack Type Rolling Dies

Trimming Dies

Round Dies

Others (Drill Point Dies)

By End-User

Automotive

White Goods

Medical

Cutlery

Consumer Electronics

General Engineering

Others (Marine)

By Region

North America (By Product Type, End-User and Country)

• U.S.
• Canada

Europe (By Product Type, End-User and Country)

• U.K.
• Germany
• France
• Italy
• Spain
• Russia
• BENELUX
• Nordics
• Rest of Europe

Asia Pacific (By Product Type, End-User and Country)

• China
• India
• Japan
• South Korea
• ASEAN
• Oceania
• Rest of Asia Pacific

Middle East & Africa (By Product Type, End-User and Country)

• Israel
• Turkey
• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

South America (By Product Type, End-User and Country)

• Brazil
• Argentina
• Rest of South America

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