U.S. Recreational Boating Market By Regional Manufacturers Brunswick Boat Group, Groupe Beneteau, Ferretti Group, Princess Cruises, MacGregor, Volvo Penta

Florida recreational boating market will exhibit over 6.5% CAGR over the study period. This growth can be attributed to the increasing government initiatives to educate and encourage the participation of customers for recreational boating. The regulations by Florida Fish and Wildlife Conservation Commission mandating minimum safety equipment on boats will further influence the industry growth. The boat shows across the state such as Fort Myers Boat Show, Charlotte County Boat Show, and Bonita Springs Boat Show provides platform for industry participants to showcase their latest technology in boats and attracts boat riders, escalating the U.S. recreational boating market size.

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The U.S. recreational boating market size from the outboard boats segment will capture the highest volume share accounting to more than 70% over the forecast time frame. This growth can be attributed to the enhanced space availability in the cockpit, improved maintenance owing to easier detachment of the engine from the boat, and maneuverability further supporting the industry growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Brunswick
2. Beneteau Group
3. Ferretti
4. Azimut-Benetti
5. Sunseeker
6. Bavaria Yachtbau
7. Princess
8. American Sail Inc
9. Catalina Yachts
10. MacGregor
11. Hobie Cat Corporation
12. Hunter
13. Volvo Penta
14. Ace Boat Lifts
15. Boat Lift U.S. Inc.
16. Florida Boatlifts

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In terms of power, the engine powered segment from the U.S. recreational boating market share will show a significant growth rate of around 4% between 2018 and 2024 owing to the increasing usage of engines in several boats including inboard boats, outboard boats, and PWCs. The engines powered by ethanol, petrol, and diesel fuels provide alternatives to customers contributing towards the industry revenue share. The stringent regulations by the U.S. Environmental Protection Agency leading to the introduction of hybrid and electric boats will play a key role in driving the business revenue.

Rising number of accidents owing to the lack of knowledge and ignorance of people for utilizing safety equipment such as life jacket are hampering the U.S. recreational boating market share. For instance, according to the United States Coast Guard, in 2017, the recreational boating accidents due to not wearing of life jackets accounted to 370. To overcome this issue, industry participants along with the government are working on educating the boat riders about the benefits of the safety equipment on boats.

Continuous government support to upgrade and maintain the recreational boating infrastructure will drive the industry share over the forecast timeframe. For instance, in 2015, the U.S. Fish and Wildlife Service through the Boating Infrastructure Grant (BIG) program announced grants of worth over USD 14 million. It aims to maintain and upgrade the boating infrastructure along with providing strong support for manufacturers.

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American Sail Inc., Azimut-Benetti Group, Bavaria Yachts, Groupe Beneteau, Brunswick Corporation, and Catalina Yachts are few players of the recreational boating industry. Mergers and acquisitions are among the common strategies adopted by the participants to enhance their product offerings. For instance, in June 2018, Brunswick Corporation announced the acquisition of Power Products for USD 910 million to complement its portfolio with existing Power Products brands.

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.

12-18-2018 11:49 AM CET - Tourism, Cars, Traffic
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Future Study & Growth Of Robot Cars Market 2018-2024 By Regional Key Players – Autoliv, BMW Group, Ford Motor Company, General Motors, Jaguar Land Rover, Nissan Motor Corporation, Tesla, Toyota Motor Corporation, Volvo Group
Press release from: Automobile Industry
Robot Cars Market
Robot Cars Market



The level 2 robot cars market is expected to grow at a CAGR of 45% during the projected period. The advancements in the automotive technology such as the integration of artificial intelligence, GPS, and advanced electronic sensors such as radar, LiDAR, and ultrasonic sensors promote the market growth. The level 1 robot cars market will grow at a CAGR of 6% over the forecast timespan. The market growth is attributed to the increasing vehicle safety concerns and governmental regulations for vehicle safety across the globe. Furthermore, the integration of the advanced driving assistance and safety systems into passenger cars also supports the market. On the other hand,


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The Hybrid Electric Vehicle (HEV) market is estimated to grow at a CAGR of over 60% during the forecast timeline. The demand for the HEV cars is driven by the growing investments by automotive manufacturers in the development of the electronics vehicles across the globe. The supportive government initiatives such as subsidies and tax benefits to the electronic vehicle manufacturers also propel the robot cars market.

Industry Growth drivers:

1. Increasing R&D activities for development of self driving vehicles
2. Rising investment in Auto-Tech
3. Supportive government initiatives
4. Widespread adoption of ADAS platform
5. Advancement in LiDAR technology

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1.Aptiv PLC
2. Autoliv Inc.
3. Baidu Inc.
4. BMW AG
5. Bosch GMBH
6. Continental AG
7. Daimler AG
8. Fait Chrysler Automobiles
9. Ford Motor Company
10. General Motors Company
11. Honda Motor Company Ltd.
12. Hyundai Motor company
13. Intel Corporation
14. Jaguar Land Rover Limited
15. Nissan Motor Company Ltd.
16. Nvidia Corporation
17. Subaru of America, Inc.
18. Tesla Inc.
19. Toyota Motor Corporation
20. Uber Technologies Inc.
21. Volkwagon Group
22. Volvo Car Corporation
23. Waymo

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Europe holds a major share in the robot cars market with a share of over 40% in 2017. The market growth is attributed to the presence of large number of automakers. The auto manufacturers have invested significantly in the autonomous vehicle technology to accelerate the innovative processes in the self-driving vehicle landscape. The governments in the region are investing in improving the road & telecom infrastructure, enabling the self-driving vehicles to better interact with its surroundings. The Netherlands government has invested over 100 million to install new traffic lights across the nation to help self-driving cars better interact with its surroundings.

The North American robot cars market is expected to register a high growth rate with a CAGR of over 14% in 2017. The growth in the region can be attributed to the supportive government policies, which have allowed automakers and tech companies in the region to conduct testing of autonomous technologies on public roads and freeways.

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The major companies working on the robot cars market are Volkswagen, BMW, Fiat Chrysler Automobiles, Ford, GM, Honda, Hyundai, Jaguar, Mazda, Daimler, Mitsubishi, Nissan, Subaru, Tesla, Toyota, Volvo, Bosch, Waymo, Baidu, Uber, Continental GT, Aptiv, NVIDIA, Intel, and Autoliv. The technology players and OEMs are acquiring and forming alliances with various automakers to develop their own self-driving vehicles. These players are also partnering with regional and technology startups to develop AI-based solutions for autonomous vehicles.

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.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.