Water Taxi Market will witness a rapid growth to 2024 | Key Players Ferretti, Brunswick, Beneteau Group, Sunseeker, MacGregor, American Sail Inc., Catalina Yachts

Market Study Report LLC offers 2018 report on Global Water Taxi market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2024.

North America is expected to showcase dominance in the water taxi market, accounting for more than USD 287 million by the end of 2024. Presence of key industry participants such as Brunswick coupled with established marine industry across the region will primarily support the regional dominance. Rising marine passenger traffic in Canada and U.S. will further drive the industry growth. Asia Pacific water taxi market will exhibit more than 5% CAGR from 2018 to 2024 owing to continuously increasing production coupled with easy availability of cheap labor across the region. Rising traffic congestion on road and rail transportation modes has resulted in shifting preference towards marine transportation, further propelling the region?s growth.

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The global water taxi market growth graph is projected to experience an upward trend in the ensuing years, on account of burgeoning travel and recreational activities owing to rising disposable income worldwide. In addition to this, the promising advantages of water taxis such as faster river crossing, rapid ‘point to point’ conveyance at a fixed speed, and reduction in road traffic would further bolster product demand. Recently, Seco Development has made it to the headlines upon publicizing that it is working with various organizations to design water taxis, which would function out of the Southport development in Renton. As per trusted sources, the water taxis would offer services to Bellevue, Kirkland, South Lake Union, and the University of Washington, and might be operational as soon as 2020. Considering the fast ascension of water transportation business across the globe, it is anticipated that the water taxi market will soar high in the years forward.

Apart from the factors mentioned above, the sightseeing opportunities offered by water taxis such as waterfront cruises, riverfront tours, nature tours, and sunset cruises, would further augment market demand. Furthermore, considerable improvement in financial condition has increased expenditure on leisure activities, thereby positively impacting water taxi market growth in the upcoming years.

Rising preference towards these taxis has forced the industry participants to develop advanced products with innovated technologies. Introduction of autonomous water taxis is increasingly gaining prominence among the manufacturers and the customers. Implementation of vessel tracking data from the identification system (AIS) of the U.S. coast guard is another innovation that helps to measure dwelling time of the ship. These innovations are likely to instigate immense growth potential to the water taxi Market over the next seven years.

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Diesel is anticipated to capture maximum volume share of more than 58% over the forecast timeframe. The fuel is pre-dominantly used in marine industry over the past decades. This strong prevalence is major factor contributing towards the revenue generation. The high presence of diesel-driven boats in waterways across the globe will further strengthen the industry penetration. Water taxi market from hybrid taxis is likely to grow significantly, witnessing over 5% CAGR from 2018 to 2024. Provision of the advantages such as lesser marine and noise pollution will essentially drive the industry growth. Rising promotion of green movement has further resulted in shifting preference towards these taxis, propelling the segment?s growth till 2024.

Beneteau Group, Azimutt-Benetti, Sunseeker, Ferretti, and Brunswick are among the established participants in the water taxi market. Other prominent competitors include Hunter, MacGregor, Princess, American Sail Inc., Catalina Yachts, and Bavaria Yachtbau. The competitors are constantly focusing on adopting emerging technologies including marine hybrid propulsion and autonomous taxis to ensure regulatory compliance and minimal pollution.

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 360 degree 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

Chapter 4. Water Taxi Market, By Product

4.1. Global water taxi market share by product, 2017 & 2024

4.2. Ferries

4.2.1. Global market estimates and forecasts, 2013 - 2024

4.2.2. Market estimates and forecast, by region, 2013 - 2024

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Related Report:

Global Water Taxi Market Research Report 2018

This report studies the global Water Taxi market status and forecast, categorizes the global Water Taxi market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia, Central & South America, and Middle East & Africa).

https://www.marketstudyreport.com/reports/global-water-taxi-market-research-report-2018?utm_source=RR-SP

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