Composite Materials in the Global Boating Market: Trends, Opportunities and Competitive Analysis [2024-2030]

Composite Materials in the Global Boating Market Trends and Forecast

The future of the global composite materials in the global boating market looks promising with opportunities in sailboard, inboard and strendrive, outboard and others shoes. The composite materials in the global boating market is expected to reach an estimated $1,466 million by 2030 with a CAGR of 4% from 2023 to 2030. The major growth driver in this market is penetration of composites in the new applications in marine due to its better mechanical properties like corrosion resistance and chemical resistance.

Emerging Trends in the Composite Materials in the Global Boating Market

Emerging trends, which have a direct impact on the dynamics of the Composite Materials in the Global Boating industry, include the glass fiber based composites parts using 3D technology.

A total of 127 figures / charts and 120 tables are provided in this 147-page report to help in your business decisions. A sample figure with insights is shown below.

Composite Materials in the Global Boating Market by Segment

The study includes a forecast for the composite materials in the global boating by engine type, material used, and region as follows:

By Engine Type [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:

• Sailboat
• Inboard and Sterndrive
• Outboard
• Others

By Material Used [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:

• Advance Composites
• Commodity Composites

By Region [Value ($M) and Volume (M lbs) Shipment Analysis for 2018 – 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Composite Materials in the Global Boating Market Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies composite materials in the global boating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the composite materials in the global boating companies profiled in this report include.

• Toray Industries Inc.
• Solvay
• Gurit
• DuPont
• Hexion Coatings and Composites Inc
• Owens Corning

Composite Materials in the Global Boating Market Insight

• Lucintel forecasts that, inboard and sterndrive is expected to be the largest engine type by value and volume and it is also expected to witness the highest growth over the forecast period due to the increase in consumer’s disposable income and maintaining lifestyle of the consumers.
• North America is expected to remain the largest region by value and volume and over the forecast period due to increasing retail sale units of the boats in this region. Europe is expected to witness the highest growth over the forecast period.

Features of Composite Materials in the Global Boating Market

• Market Size Estimates:Composite Materials in the Global Boating market size estimation in terms of value ($M) and volume (M lbs).
• Trend and Forecast Analysis:Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
• Segmentation Analysis:Market size by engine type, material used, and region
• Regional Analysis:Composite Materials in the Global Boating market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities:Analysis of growth opportunities in different engine type, material used, and regions for the Composite Materials in the Global Boating market.
• Strategic Analysis:This includes M&A, and capacity expansion, for the composite material in the global boating market.
• Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the Composite Materials in the Global Boating market size?

Answer:The composite materials in the global boating market is expected to reach an estimated $1,466 million by 2030.

Q2. What is the growth forecast for Composite Materials in the Global Boating Market?

Answer:The composite materials in the global boating market is expected to grow at a CAGR of 4% from 2023 to 2030.

Q3. What are the major drivers influencing the growth of the Composite Materials in the Global Boating Market?

Answer: The major growth driver in this market is penetration of composites in the new applications in marine due to its better mechanical properties like corrosion resistance and chemical resistance.

Q4. What are the major engine type industries for Composite Materials in the Global Boating Market?

Answer:inboard and strendrive and outboard are the major engine type composite materials in the global boating market.

Q5. What are the emerging trends in Composite Materials in the Global Boating Market?

Answer:Emerging trends, which have a direct impact on the dynamics of the composite materials in the global boating market, include the glass fiber based composites parts using 3D technology.

Q6. Who are the key Composite Materials in the Global Boating Market companies?

Answer:Some of the key Composite Materials in the Global Boating market companies are as follows:

• Toray Industries Inc.
• Solvay
• Gurit
• DuPont
• Hexion Coatings and Composites Inc
• Owens Corning

Q7.Which Composite Materials in the Global Boating Market engine type segment will be the largest in future?

Answer: Lucintel forecasts that, inboard and sterndrive is expected to be the largest engine type by value and volume due to the increase in consumers disposable income and maintaining lifestyle of the consumers.

Q8: In Composite Materials in the Global Boating Market, which region is expected to be the largest in next 6 years?

Answer: North America is expected to remain the largest region over next 6 years.

Q9. Do we receive customization in this report?

Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1 What are some of the most promising potential, high growth opportunities for the composite material in the global boating market by engine type (sailboat, inboard and sterndrive, and others), material used (advance composites and commodity composites), and region (North America, Europe, Asia Pacific, and Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are the changing demands of customers in the market?

Q.8 What are the new developments in the market? 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 and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11 What M & A activities have taken place in the last 5 years in this market?

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