Small Boats Market
Growth Factors of Small Boats Market
The Small Boats Market size was valued at USD 31.93 billion in 2023. The market is projected to grow from USD 35.35 billion in 2024 to USD 84.05 billion by 2032, exhibiting a CAGR of 11.4% during the forecast period of 2024-2032.
The COVID-19 pandemic drastically impacted the small boats market, essential to disruptions in manufacturing and supply chains. Lockdowns, adventure restrictions, and financial uncertainty triggered a decline in call for inside the direction of the preliminary phases of the pandemic. However, as policies eased, many humans sought outside leisure sports that allowed for social distancing, leading to a surge in interest in small boating. This multiplied hobby helped the market get better, despite the fact that demanding situations related to uncooked cloth shortages and exertions availability endured.
One of the present day-day tendencies inside the small boats market is the growing adoption of electrical-powered boats. As environmental issues boom and governments push for sustainable alternatives, producers are investing in electric powered propulsion structures that provide decrease emissions and decreased noise pollutants. These electric powered boats cater to eco-aware clients, and the improvement in battery generation is making them extra realistic and attractive for amusement use.
A key the use of component for the small boats market is the developing reputation of outside and water-based totally enjoyment sports. With a growing middle-magnificence population and elevated disposable income, more customers are investing in amusement activities like boating. This fashion is in particular considerable in regions with access to lakes, rivers, and coastal areas, wherein boating is a famous activity. The desire for personal freedom and get away from urban environments has similarly boosted call for.
Comprehensive Analysis of Small Boats Market
The Small Boats Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by product type, by application type . By Product Type include Powered Boat, Sail Boat, Personal Watercraft, Others. By Application Type include Pleasure, Fishing, Defence, Others.
The North America region lead the Small Boats Market share by benefitting a market size of USD 225.20 billion due to urbanisation's increasing prevalence and the rising interest in fishing and pleasure tours.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.
February 2024: Garden Reach Shipbuilders and Engineers (GRSE) and comfort automobile producer Rolls-Royce collaborated to facilitate the community manufacturing and localization of MTU IMO Tier II compliant Series 4000 marine engines in India. This partnership objectives with the Make in India joint initiative. It holds large marketplace capacity for upcoming tasks regarding speedy patrol vessels, interceptor boats, and fast assault craft for the Indian Navy and the Indian Coast Guard
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 11.4% from 2024 to 2032
Unit Value (USD billion) & Volume (thousand units)
Segmentation By Product Type
- Powered Boat
- Sail Boat
- Personal Watercraft
- Others
By Application Type
- Pleasure
- Fishing
- Defence
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Merger, Acquisitions, and Partnerships
- 4.2. Distributor Analysis – For Major Players
- 4.3. Growth and Penetration Analysis
- 4.4. Porter’s Five Forces Analysis
- 4.5. PEST Analysis
- 4.6. Vendor Landscape
- 5. Global Small Boat Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Powered Boat
- 5.2.2. Sail Boat
- 5.2.3. Personal Watercraft
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast – By Application Type
- 5.3.1. Pleasure
- 5.3.2. Fishing
- 5.3.3. Defense
- 6. 5.3.2. Fishing
- 6.1. Market Analysis, Insights and Forecast – By Region
- 6.1.1. North America
- 6.1.2. Europe
- 6.1.3. Asia Pacific
- 6.1.4. Rest of the World
- 7. North America Small Boat Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Analysis – By Product Type
- 7.2.1. Powered Boat
- 7.2.2. Sail Boat
- 7.2.3. Personal Watercraft
- 7.2.4. Others
- 7.3. Market Analysis – By Application Type
- 7.3.1. Pleasure
- 7.3.2. Fishing
- 7.3.3. Defense
- 7.3.4. Others
- 7.4. Market Analysis – By Country
- 7.4.1. U.S.
- 7.4.2. Canada
- 7.4.3. Mexico
- 8. Europe Small Boat Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. Market Analysis – By Product Type
- 8.2.1. Powered Boat
- 8.2.2. Sail Boat
- 8.2.3. Personal Watercraft
- 8.2.4. Others
- 8.3. Market Analysis – By Application Type
- 8.3.1. Pleasure
- 8.3.2. Fishing
- 8.3.3. Defense
- 8.3.4. Others
- 8.4. Market Analysis – By Country
- 8.4.1. U.K.
- 8.4.2. Germany
- 8.4.3. France
- 8.4.4. Rest of Europe
- 9. Asia Pacific Small Boat Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. Market Analysis – By Product Type
- 9.2.1. Powered Boat
- 9.2.2. Sail Boat
- 9.2.3. Personal Watercraft
- 9.2.4. Others
- 9.3. Market Analysis – By Application Type
- 9.3.1. Pleasure
- 9.3.2. Fishing
- 9.3.3. Defense
- 9.3.4. Others
- 9.4. Market Analysis – By Country
- 9.4.1. Japan
- 9.4.2. China
- 9.4.3. India
- 9.4.4. South Korea
- 9.4.5. Rest of Asia Pacific
- 10. Rest of the World Small Boat Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Analysis – By Product Type
- 10.2.1. Powered Boat
- 10.2.2. Sail Boat
- 10.2.3. Personal Watercraft
- 10.2.4. Others
- 10.3. Market Analysis – By Application Type
- 10.3.1. Pleasure
- 10.3.2. Fishing
- 10.3.3. Defense
- 10.3.4. Others
- 11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Share Analysis (2023)
- 11.3. Competition Dashboard
- 11.4. Comparative Analysis – Major Players
- 11.5. Company Profiles
- 11.5.1. Group Beneteau
- 11.5.1.1. Overview
- 11.5.1.2. Products & services
- 11.5.1.3. SWOT Analysis
- 11.5.1.4. Recent Developments
- 11.5.1.5. Strategies
- 11.5.1.6. Financials (Based on Availability)
- 11.5.2. Marine Products Corporation
- 11.5.2.1. Overview
- 11.5.2.2. Products & services
- 11.5.2.3. SWOT Analysis
- 11.5.2.4. Recent Developments
- 11.5.2.5. Strategies
- 11.5.2.6. Financials (Based on Availability)
- 11.5.3. Brunswick Corporation
- 11.5.3.1. Overview
- 11.5.3.2. Products & services
- 11.5.3.3. SWOT Analysis
- 11.5.3.4. Recent Developments
- 11.5.3.5. Strategies
- 11.5.3.6. Financials (Based on Availability)
- 11.5.4. Yamaha Motors Corporation
- 11.5.4.1. Overview
- 11.5.4.2. Products & services
- 11.5.4.3. SWOT Analysis
- 11.5.4.4. Recent Developments
- 11.5.4.5. Strategies
- 11.5.4.6. Financials (Based on Availability)
- 11.5.5. Mastercraft Boat Company
- 11.5.5.1. Overview
- 11.5.5.2. Products & services
- 11.5.5.3. SWOT Analysis
- 11.5.5.4. Recent Developments
- 11.5.5.5. Strategies
- 11.5.5.6. Financials (Based on Availability)
- 11.5.6. Sunseeker
- 11.5.6.1. Overview
- 11.5.6.2. Products & services
- 11.5.6.3. SWOT Analysis
- 11.5.6.4. Recent Developments
- 11.5.6.5. Strategies
- 11.5.6.6. Financials (Based on Availability)
- 11.5.7. Malibu Boats Inc.
- 11.5.7.1. Overview
- 11.5.7.2. Products & services
- 11.5.7.3. SWOT Analysis
- 11.5.7.4. Recent Developments
- 11.5.7.5. Strategies
- 11.5.7.6. Financials (Based on Availability)
- 11.5.8. Ferretti
- 11.5.8.1. Overview
- 11.5.8.2. Products & services
- 11.5.8.3. SWOT Analysis
- 11.5.8.4. Recent Developments
- 11.5.8.5. Strategies
- 11.5.8.6. Financials (Based on Availability)
- 11.5.9. Bavaria Yachtbau
- 11.5.9.1. Overview
- 11.5.9.2. Products & services
- 11.5.9.3. SWOT Analysis
- 11.5.9.4. Recent Developments
- 11.5.9.5. Strategies
- 11.5.9.6. Financials (Based on Availability)
- 11.5.10. Azimut Benetti
- 11.5.10.1. Overview
- 11.5.10.2. Products & services
- 11.5.10.3. SWOT Analysis
- 11.5.10.4. Recent Developments
- 11.5.10.5. Strategies
- 11.5.10.6. Financials (Based on Availability)
- 11.5.11. Crestliner Inc.
- 11.5.11.1. Overview
- 11.5.11.2. Products & services
- 11.5.11.3. SWOT Analysis
- 11.5.11.4. Recent Developments
- 11.5.11.5. Strategies
- 11.5.11.6. Financials (Based on Availability)
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