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Rigid Inflatable Boats Market Analysis 2023: Market Growth Rate, Trends, Share And Forecast 2032 | Mercury Marine, Damen Holding B.V., Damen Shipyards Group, Vector Ltd., ASIS Boats
Rigid Inflatable Boats Market
The Business Research Company's Rigid Inflatable Boats Global Market Report 2023 identifies surge in leisure activities as the major driver for the Rigid Inflatable Boats market's growth in the forecast period. Leisure activities are recreational pursuits that people partake in for enjoyment, relaxation, fulfillment, and personal growth. Recreational activities in rigid inflatable boats offer fun, stress relaxation, exercise, camaraderie, exploration, and an intimate connection with the sea.
The global rigid inflatable boats market is expected to grow from $1.25 billion in 2022 to $1.36 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The rigid inflatable boats market is expected to reach $1.82 billion in 2027 at a CAGR of 7.5%.
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Major competitors in the Rigid Inflatable Boats market are Mercury Marine, Damen Holding B.V., Damen Shipyards Group, Vector Ltd., ASIS Boats.
A key trend in the Rigid Inflatable Boats market includes technological advancement. Major companies operating in the rigid inflatable boat market are developing the latest technologies to sustain their position in the market. For instance, in June 2020, BAE Systems, a UK-based company that provides security, aviation, and security solutions, launched the Autonomous Pacific 24 (AP24) Rigid Inflatable Boat (RIB) system for the Royal Navy, which received Lloyd's Register Unmanned Marine Systems Certification in 2023. It supports the Royal Navy's development, ensuring the autonomous capability to guarantee that its fleet remains at the cutting edge of military innovation and technology, ready to tackle the changing dangers of contemporary warfare
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The Rigid Inflatable Boats market is segmented -
1. By Boat Type: Flying Inflatable Boat(FIB), Foldable Rigid Inflatable Boat(FRIB), Amphibious Rigid Inflatable Boat(Amphibious RIB), Other Boat Types
2. By Hull Type: Aluminum, Fiberglass
3. By Propulsion Type: Outboard, Inboard
4. By End Users: Commercial, Military, Rescue, Other Applications
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Rigid Inflatable Boats market.
The Business Research Company's "Global Rigid Inflatable Boats Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Rigid Inflatable Boats Market Include:
1. Executive Summary
2. Rigid Inflatable Boats Market Characteristics
3. Rigid Inflatable Boats Market Trends And Strategies
4. Rigid Inflatable Boats Market - Macro Economic Scenario
5. Global Rigid Inflatable Boats Market Size and Growth
……
32. Global Rigid Inflatable Boats Market Competitive Benchmarking
33. Global Rigid Inflatable Boats Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Rigid Inflatable Boats Market
35. Rigid Inflatable Boats Market Future Outlook and Potential Analysis
36. Appendix
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