Water Taxi Market on path for growth | 2018 Key Players are Beneteau Group, Brunswick, Azimut-Benetti, Ferretti, Sunseeker, Bavaria Yachtbau, American Sail, Catalina Yachts, MacGregor, Hunter, Princess

Market Overview:-

Global Water Taxi Market to surpass USD 500 billion by 2024; according to a new research report by Global Market Insights, Inc.

Increasing disposable income along with high standards of living has led to a substantial growth in recreational and travel activities, primarily driving the industry growth over the forecast timeframe. Rising preference towards water taxis is attributed to provision of numerous sightseeing opportunities including waterfront cruises, historic landmark cruises, snorkeling, and scenic tours. Continuously improving economic conditions across the globe is further strengthening the water taxi market penetration owing to increased expenditure on recreational activities.

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The rise in the interest for adopting ecofriendly means of transportation has been a pivotal driving force for water taxi market. Water taxis have played a major role in promoting tourism and are specifically used as vital means of transportation in cities like Venice and Amsterdam, where waterways form a significant section of the transit system. Indeed, this has been the reality for most of the harbor towns that gained commercial popularity and success due to their access to shipping during the 19th century.

Currently, the revival of water-based transit has been occurring at a robust pace, as cities across the globe are burdened with traffic congestions, rising pollution and the detrimental impact of carbon emissions from fuel-based vehicles. Therefore, it does not come as a surprise that services like the inter-borough ferry in New York are being applauded by the public and facilitated by authorities. The passenger and bicycle carrying vessels are planned to operate in all the boroughs in New York and will have 22 landing in 6 different routes. The waterborne transit system which costs around $325 million is estimated to carry more than 50 million passengers on an annual basis, paving the way for the progress of the regional water taxi industry.

Top Key Players:-

• Brunswick
• Beneteau Group
• Ferretti
• Azimut-Benetti
• Sunseeker
• Bavaria Yachtbau
• Princess
• American Sail Inc
• Catalina Yachts
• MacGregor
• Hobie Cat Corporation
• Hunter
• Mahindra & Mahindra Ltd.
• Volvo Penta
• Mercury
• Yamaha
• Honda
• Wärtsilä
• Caterpillar
• Rolls Royce
• Cummins Inc.
• Hyundai Heavy Industries Co., Ltd.
• Mitsubishi Heavy Industries, Ltd.

Regional Segmentations:-

North America water taxi market share will dominate the overall industry, surpassing USD 287 billion by 2024. Established marine industry coupled with presence of prominent manufacturers will primarily contribute towards the revenue generation. The marine transportation has witnessed increasing passenger traffic in the countries including Canada and U.S., further supporting the regional dominance.

Asia Pacific market will witness growth at over 5% from 2018 to 2024 owing to their increasing production of across the region. Easy availability of cheap labor along with shifting consumer preference towards usage of these taxis due to increasing traffic congestion on roads and railways will drive the region’s growth.

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Major Points of Table Of Content:-

Chapter 1. Methodology and Scope

1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition and forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.2. Primary

Chapter 2. Executive Summary

2.1. Water taxi industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Fuel trends
2.1.4. Regional trends

Chapter 3. Water Taxi Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material supplier
3.3.2. Manufacturers
3.3.3. Distribution channel analysis
3.3.3.1. OEM
3.3.3.2. Resale
3.3.4. Vendor matrix
3.4. Technology landscape
3.4.1. Shore side power supply
3.4.2. Solar and wind energy
3.4.3. Energy efficiency measures
3.4.4. Ballast water treatment systems
3.5. Alternatives to conventional fuels
3.5.1. Biodiesel
3.5.2. LNG
3.5.3. Nuclear
3.5.4. Fuel cells
3.5.5. Renewable energy sources (solar, wind)
3.5.6. Hydrogen
3.5.7. Anhydrous ammonia
3.5.8. Compressed air and liquid nitrogen
3.6. New ships on order between 2017 and 2024
3.7. Pricing analysis
3.7.1. Regional pricing
3.7.1.1. North America
3.7.1.2. EU
3.7.1.3. APAC
3.7.1.4. LATAM
3.7.1.5. MEA
3.7.2. Cost structure analysis
3.8. Regulatory landscape, by region
3.8.1. North America
3.8.2. EU
3.8.3. APAC
3.8.4. LATAM
3.8.5. MEA
3.9. Industry impact forces
3.9.1. Growth drivers, by region
3.9.1.1. NA
3.9.1.2. EU
3.9.1.3. APAC
3.9.1.4. LATAM
3.9.1.5. MEA
3.9.2. Industry pitfalls & challenges
3.10. Vessel analysis
3.10.1. Type & size range
3.10.2. Major shipyards, by region
3.10.2.1. NA
3.10.2.2. EU
3.10.2.3. APAC
3.10.2.4. LATAM
3.10.2.5. MEA
3.11. Innovation and sustainability
3.11.1. Autonomous water taxi
3.12. Growth potential analysis
3.13. Porter's analysis
3.14. Competitive landscape, 2017
3.14.1. Company market share analysis, 2017
3.14.2. Strategy dashboard
3.15. PESTEL analysis

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Water taxis have been paving their way across Europe, especially in cities such as Paris where hydrofoil taxis have become an added attraction for tourists. Called Seabubbles, these taxis are being designed to run on electric power on the river Seine. Reportedly, if the Seabubbles are a success in Paris then a similar types of hydrofoil taxis may commence operations on the Thames in London. The use of hydrofoil technology will mean that the boats will be lifted off the surface of water, decreasing the drag factor and resulting in a smoother ride. Other technological additions such as sensors for detecting obstacles on the water and an auto-mooring system are also being planned to be added to the Seabubbles, making them truly futuristic water taxis. It is thus rather overt that the expansive tourism industry will add lucrative growth prospects to water taxi market.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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