Global Boat and Yacht Transportation Market 2018-2022 | Rising Demand for Recreational Boating to Boost Growth | Technavio
Aug. 22, 2018
LONDON--(BUSINESS WIRE)--Aug 22, 2018-- analysts forecast the global boat and yacht transportation market to grow at a CAGR of over 4% during the forecast period, according to their latest market research report. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.
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Technavio has published a new market research report on the global boat and yacht transportation market from 2018-2022. (Graphic: Business Wire)
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According to Technavio analysts, one of the key factors contributing to the growth of the global boat and yacht transportation market is the rising demand for recreational boating:
Global boat and yacht transportation market: Rising demand for recreational boating
The global recreational boating market is expected to grow at a CAGR of over 3% during the forecast period. North America is anticipated to hold the highest share in the market because of the increasing active participation in recreation activities, particularly in the US and Canada population.
According to a senior market research analyst at Technavio, “The presence of low-cost skilled labors has been encouraging countries in Europe to manufacture recreational boats and export them to other countries across the world. The increasing disposable income and increase in consumer spending on recreational activities are promoting the demand for recreational boating in APAC.”
Global boat and yacht transportation market: Segmentation analysis
The global boat and yacht transportation market research report provide market segmentation by product (boat and yacht) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major products, the boat segment held the largest market share in 2017, contributing to around 80% of the market. This product segment will dominate the global market throughout the forecast period.
EMEA held the largest share of the market in 2017, accounting for close to 75% share. It was followed by the Americas and APAC respectively. The Americas will project the highest growth during the forecast period.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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SOURCE: Technavio Research
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