Small Boat Market to Grow at CAGR 13% till 2022
According
to TechSci Research report, “Global
Small Boat Market By Boat Type, By Material, By Application, By
Region, Competition Forecast & Opportunities, 2022”, the global small boat market is
projected to grow at a CAGR of over 13% during 2017 – 2022, on account of
continuous increase in the prices of small boats coupled with booming global marine
industry. Moreover, increasing consumer spending as well as growing disposable
income levels of consumers is expected to positively influence the global small
boat market during forecast period.
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On the
basis of boat type, the global small boat market has been broadly segmented
into three categories, namely, Powered Boat, Personal Watercraft Boat (PWC),
and Sail Boat. Among these categories, the powered boat segment grabbed the largest
share in the global small boat market, and the same trend is expected to
continue over the next five years as well. Moreover, North America is the
largest demand generating region for small boats, followed by Europe & CIS countries
and Asia-Pacific. Some of the major players operating in the global small boat
market include Malibu Boats, Marine Products Corporation, Groupe Bénéteau, White
River Marine Group, Brunswick Corporation Inc., etc.
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“Growing interest of consumers in
water sports activities such as sailing, fishing, etc., increasing urban
population and disposable income, coupled with increasing technological
advancements is expected to drive the global small boat market in the coming
years. Furthermore, increasing marine tourism, lower
gas prices and easy availability of various types of small boats are expected
to further augment small boat demand through 2022.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Small Boat Market By Boat Type, By
Material, By Application, By Region, Competition Forecast & Opportunities,
2022” has analyzed the
potential of global small boat market and provides statistics and information
on market size, shares and trends. The report will suffice in providing the
intending clients with cutting-edge market intelligence and help them in taking
sound investment decisions. Besides, the report also identifies and analyzes
emerging trends along with essential drivers and key challenges faced by the
industry.
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