Global Boat Market By Type, By Application, By Power, By Geography, Size, Opportunities And Forecast

Report Highlights

Boat Market Insights

According to Verified Market Research, the Global Boat Market was valued at USD 30.56 Billion in 2019 and is projected to reach USD 42.04 Billion by 2027, growing at a CAGR of 7.06% from 2020 to 2027.

The Boat Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Boat Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

Global Boat Market Outlook

There has been an increase in the popularity of recreational boating activities among tourists of all the age groups owing to the increasing number of boating events and trade shows taking place in different parts of the world. According to the National Marine Manufacturers Association (NMMA), it was reported that retail unit sales of new powerboats were up by an estimated 4 % in 2018, therefore helping to boost the global boat market.

This report provides an all-inclusive environment for the analysis of the Boat Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews, and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political, and economic factors along with the current market dynamics affecting the Boat Market growth.

Along with the market overview, which comprises the market dynamics the chapter includes Porter’s Five Forces analysis which explains the five forces: namely buyers’ bargaining power, suppliers’ bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the Boat Market. It explains the various participants, such as system integrators, intermediaries, and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Boat Market.