Dublin, December 31, 2020 (GLOBE NEWSWIRE) – The “Recreational Boat Size Analysis, Sharing & Bias by Type Report (New Recreational Boat, Used Recreational Boat, Survey Equipment), by region (North America, Europe, APAC, South America report, MEA), and Segment Forecasts, 2020-2027 “added ResearchAndMarkets.com’s offering.
The global cruise ship market size is expected to reach USD 55.27 billion by 2027. It is expected to expand at a CAGR of 4.1% from 2020 to 2027. Marine and coastal tourism growth is growing, coupled with the trend growing towards yacht as its recreational activity, is a key feature driving the market. While the Covid-19 pandemic has been a major deterrent to the market, a gradual reopening of the economies and increasing restrictions pave the way for getting the market back on track. . Moreover, the growing urge among the public to engage in recreation in the period after re-locking provides clear market opportunities over the expected time.
The tourism industry has changed significantly over the last few years with increasing popularity in marine and coastal tourism activity. The world economy is seeing healthy growth and markets, such as the US, are seeing growth in the per-capita income of individuals, which, in turn, has led to an increase in consumer disposable income. In addition, there has been an increase in the number of High Net Worth individuals, which is expected to force consumers to spend more on leisure activity, thus raising demand for recreational craft.
The growing number of boat shows and water sports events is attracting a large number of boats around the world. The major manufacturers support boat shows and events, which, in turn, contribute to the recreational boating festival. North America is expected to remain the most prominent region in terms of revenue generation over the forecast period. The growing demand for recreational watercraft is driven by factors such as improving economic conditions and disposable income of consumers in the region. The US is expected to see significant growth in the forecast period. Demand in the country is largely driven by factors such as the growing number of high value people and more and more water sports and fishing.
In addition, changes are taking place in shipbuilding, such as the adoption of IoT technology that allows machines, physical structures, vehicles, smartphones, accessible devices and heavy equipment to be interconnected, and at the one time enabling the exchange of information through its single network. The attached boat provides better safety, security and accuracy, while at the same time improving the efficiency of the boat by digitizing and making full use of various functions.
Recreational Boat Market Reports
- Cruise ships are expected to see strong growth in demand as a result of the initiatives taken by governments around the world to develop coastal and marine tourism and the disposable income of citizens in emerging economies. emerging.
- Sports yachts are expected to see increased demand in developed countries as a result of people’s active participation in maritime sporting events as well as recreational activities.
- Boat manufacturers are increasingly organizing boat shows around the world to attract boat buyers, thus expanding the number of buyers.
- By type, the used cruise ship sector maintained its largest revenue share of over 76.0% in 2019 due to its quick and easy availability and cost to well lower.
- North America maintained the largest revenue share of more than 46.0% in 2019 due to the increased demand for leisure activities across the region, particularly in the US
Key topics covered:
Chapter 1. Method and Scope
Chapter 2. Executive Summary
Chapter 3. Market Change, Trend & Scope
3.1. Market line forecast
3.2. Recreational Boat Market Dynamics
3.3. Directional & growth scene mapping
3.4. Recreation boat market industry analysis – value chain
3.5. Recreational craft market industry analysis – Porter
3.6. Recreational craft market industry analysis – PEST
Chapter 4. Recreational boat market: a kind of view
4.1. Recreational boat market: A type study
4.1.1. New pleasure boat
4.1.2. Recreational boat used
4.1.3. Inspection Equipment
Chapter 5. Recreational Boat Market: A Regional Overview
5.1. Recreational boat market share by region, 2019 & 2027
5.2. North America
5.3. Europe
5.4. Asia Pacific
5.5. South America
5.6. Middle East & Africa
Chapter 6. Competitive Analysis
6.1. Recent developments & impact analysis, with key market partners
6.2. Company / competition classification (Lead innovators, market leaders, emerging players)
6.3. Landscape Seller
6.3.1. Chief Company Review, 2019
6.4. Company Analysis
Chapter 7. Competitive Landscape
- Avon Marine
- Azimut Benetti Group
- Baja Marine
- Bavaria Yachtbau GmbH
- Bombardier Entertainment Products (BRP) Inc.
- Corporra Brunswick
- Chaparral Boats, Inc.
- Farr Yacht Design, Ltd.
- SPA Ferretti
- Spring Power Boats, Inc.
For more information about this report, visit https://www.researchandmarkets.com/r/rtthsb
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