Global Boatbuilding Market Report 2021: Opportunities and

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Dublin, June 30, 2021 (GLOBE NEWSWIRE) – The report “Boat Building Global Market Opportunities and Strategies to 2030: COVID-19 Impact and Recovery” has been added to ResearchAndMarkets.com offer.

The global boat building market reached a value of nearly $ 34,757.8 million in 2020, after increasing at a compound annual growth rate (CAGR) of 3.4% since 2015.

The report covers the market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the historical and forecast growth of the market by geography. It places the market in the context of the larger loan market and compares it to other markets.

The market is expected to grow from $ 34,757.8 million in 2020 to $ 48,358.0 million in 2025 at a rate of 6.8%. The market is then expected to grow at a CAGR of 5.3% from 2025 to reach $ 62,678.1 million in 2030.

The growth over the historical period of the boat building market has resulted from population growth, increased demand for pleasure craft, low interest rates and strong economic growth in emerging markets. The market was held back by intense competition, weak wage growth in developed economies and a narrowing price-cost gap.

In the future, technological advancements, rapid urbanization and increased investment in the marine industry will drive the growth of the boat building market. Factors that could hamper market growth in the future include reductions in free trade, volatility in oil prices, increase in shipping incidents, and the coronavirus pandemic.

The boat building market is segmented by type into pleasure craft, commercial boats, and military boats. The pleasure craft market was the largest segment of the boat building market segmented by type, accounting for 73.8% of the total in 2020. Going forward, the pleasure craft segment is expected to be the growing segment. fastest in the boat building market segmented by type. , at a CAGR of 7.3% in 2020-2025.

The shipbuilding market is also segmented by propulsion into motorboats and sailboats. The powerboat market was the largest segment of the propulsion-segmented boatbuilding market, accounting for 78.6% of the total in 2020. Going forward, the powerboat segment is expected to be the growing segment. the fastest in the segmented propulsion boatbuilding market. , at a CAGR of 5.2% in 2020-2025.

The boat building market also applies to private use, commercial use and military use. The private use market was the largest segment of the boat building market segmented by application, accounting for 51.6% of the total in 2020. Going forward, the private use segment is expected to be the fastest growing segment. market segmentation by application. , at a CAGR of 7.3% in 2020-2025.

North America was the largest region in the shipbuilding market, accounting for 37.2% of the total in 2020. It was followed by Asia Pacific, Western Europe and then other regions. Going forward, the fastest growing regions in the boat building market will be the Middle East and Africa, where the growth will be 9.4% and 8.6% respectively in 2020-2025 . These will be followed by North America and South America, where the markets are expected to register CAGRs of 7.9% and 7.3% respectively during the period 2020-2025.

The boat building market is moderately fragmented with a large number of regional players dominating the market. The top ten competitors in the market accounted for 20.42% of the total market in 2020. The main players in boat building are focusing on expanding their operational and commercial presence in the sector through the development of new products, new facilities to expand their production. activities, distribution agreements with suppliers in developing countries.

Major players in the boat building market include Brunswick Boat Group, General Dynamics, Azimut-Benetti Group, Ferretti SPA, Correct Craft, Malibu Boats Inc., Mastercraft Boat Holdings, Marine Products Corporation, and Smoker Craft Boats.

The best opportunities in the boat building market segmented by type will arise in the pleasure craft segment, which will gain $ 10,780.1 million in annual global sales by 2025. The best opportunities in the recreational craft market Powerboat segmented boatbuilding will enter the powerboat segment, which will earn $ 11,453.7 million in annual global sales by 2025.

The major opportunities in the boat building market segmented by application will arise in the offline segment, which will gain $ 7,456.1 million in global annual sales by 2025. The boat building market size will increase the most in the United States with $ 5,609.0 million.

Market trend-based strategies for the boat building market include autonomous boats, 3D printing, application of robotics, and advanced composite materials for boat building. Strategies adopted by players in the shipbuilding market include investing in expanding manufacturing operations, improving infrastructure, and acquisitions and mergers to strengthen their service offerings.

Companies mentioned

  • Correct craftsmanship
  • Malibu Boats Inc.
  • Mastercraft Boat Operation
  • Marine Products Company
  • Smoking craft boats
  • Hyundai Heavy Industries
  • Mitsubishi Heavy Industries
  • DSME
  • Samsung Heavy Industries
  • Tsuneishi Holdings
  • Cochin Shipyard Limited
  • Limited Hindustan Shipyard
  • Shipyards Kiel GmbH
  • Lloyd Werft Bremerhaven
  • Neptune Werft GmbH
  • Schiffswerft Hermann Barthel GmbH
  • Meyer Werft
  • STX
  • PIRIOU
  • SOCARENAM
  • CMN: Normandy shipyards
  • CNM: Marseille Shipyards
  • Naval group
  • A&P Group Tyne Shipyard
  • Cammel Laird
  • Marine Engineering Parkol
  • Yarrow Shipbuilders
  • Sibriver
  • Varyag shipyard
  • Galeon
  • Parker Poland
  • Delphie
  • Sunreef Yachts
  • A water
  • Pelican International Inc.
  • Campion Marine Inc.
  • Neptunus Yachts International Inc of Canada
  • MCBC Holdings
  • viking yacht
  • Envases y Embalajes, S. de RL de CV
  • Astilleros Tarrab
  • BB Barcos
  • Conserva Bonan
  • Montoya Gil Diana Caroline
  • Al-Suwaidi Marine LLC.
  • Marina Factory LLC
  • Riviera Boat Industrial Investment Company LLC
  • The Boat House LLC
  • Al Fajer Marine LLC
  • Robertson & Cain
  • Xquisites Yachts
  • Tuwasco Marine Services
  • South wind
  • Travel yachts

For more information on this report, visit https://www.researchandmarkets.com/r/n64c6g


        


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