|01-11-2019 04:02 PM CET - Logistics & Transport||
New Study Focusing on Leisure Boats Market Research And Development, Consumption With Competitive Landscape, New Projects and Investment Analysis, Region, Trends, and Top Companies like Gulf Craft, AL Shaali Marine, AL Hareb Marine, AL Fajer Marine
Press release from: The Insight Partners
The rise in the popularity of several exciting and extreme destinations around the globe have significantly influenced the growth of leisure boats, and the trend is expected to persist in the coming years. The hastily increasing urban population and propelling buyer confidence in the yacht industry is yet another factor pushing the demand for leisure boats globally. Moreover, the Middle East is currently under the development stage of the market, and therefore all the government and other associated initiatives are expected to have a relatively higher influence on the leisure boats market.
The Middle East leisure boats market is expected to grow to US$ 2,947.1 million by 2027 from US$ 1,840.0 million in 2017, growing at a CAGR of 4.9%.
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New report takes a close and analytical look at the various companies that strive for a higher share of the global Yacht market. Data on the leading and fastest-growing segments along with what drives them has been given. This report implements a balanced mix of primary and secondary research methodologies for its analysis. The market is segmented on the basis of key criteria. For this purpose, a section dedicated to company profiles has been included in the report.
Top Companies Profiled in this report includes, Gulf Craft, AL Shaali Marine, AL Hareb Marine, AL Fajer Marine, Al Seer Marine Supplies & Equipment, Ribcraft Middle East, Ocean Boats, Al Suwaidi Marine, Al Marakeb Manufacturing Boats Est, Instinct Marine.
Some of the major events in this region include the Dubai Industrial Strategy 2030, which has an objective to develop Dubai as a global destination and platform for overseas companies looking for sustainability and growth. The initiative is expected to promote an expansion of Dubai’s yacht and boats manufacturing activities to accomplish domestic demand.
The leisure boats market has been segmented on the basis of type and application. On the basis of type, the leisure boats market has been bifurcated into new leisure boats and used leisure boats. Further, the applications of these leisure boats include in the sailboats, runabouts, jet boats, cabin cruiser, and watercraft. The analysis of the Middle East region is conducted by considering various countries including, Kuwait, UAE, Oman, and Qatar. In the past couple of years, the region has emerged as a foremost center for leisure boating and is a flourishing market for boats and yachts. This region is comprised of high net-worth individuals who have a relatively higher propensity to spend on leisure and luxury. Moreover, the Marine infrastructure expansion and development of tourism are probable to pave new opportunities in the leisure boat market.
Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Leisure Boats Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Leisure Boats Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
Company: The Insight Partners
Contact: Sameer Joshi
This release was published on openPR.
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