Leisure Boats Market to 2027 - Leading Players Gulf Craft, AL Shaali Marine, AL Hareb Marine, AL Fajer Marine, l Seer Marine Supplies & Equipment, Ribcraft Middle East, Ocean Boats, 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 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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The key players influencing the market are:
Gulf Craft Inc.
AL Shaali Marine
AL Hareb Marine
AL Fajer Marine LLC
Al Seer Marine Supplies & Equipment Company L.L.C
Ribcraft Middle East
Al Suwaidi Marine
Al Marakeb Manufacturing Boats Est
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 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.
Leisure Boats Market - Global Analysis to 2025 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/ position of top 5 key vendors.
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Reason To Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East 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 Middle East Leisure Boats market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Middle East 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 client products, segmentation, pricing and distribution
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