Boat Building Market To See Unbelievable Development By 2025, Key Players – Brunswick Boat Group; General Dynamics; Groupe Beneteau

Latest released, the research study on Global Boat Building Market Report Forecast 2021 - 2030, offers a detailed overview of the factors influencing the global business scope. Boat Building Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Boat Building. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: Brunswick Boat Group; General Dynamics; Groupe Beneteau; Azimut-Benetti Group; Ferretti S.P.A.; Correct Craft

The global boat building market reached a value of nearly $34,757.8 million in 2020, having increased at a compound annual growth rate (CAGR) of 3.4% since 2015. The market is expected to grow from $34,757.8 million in 2020 to $48,358.0 million in 2025 at a rate of 6.8%. The market is then expected to grow at a CAGR of 5.3% from 2025 and reach $62,678.1 million in 2030.

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Covid-19 Impact and Recovery Analysis:

The global Boat Building market report also includes the impact of the Covid-19 pandemic. Moreover, it offers an exhaustive analysis of aspects that will encounter the development of the market pre & post Covid-19 pandemic.

Scope

Markets Covered: 1) By Type: Recreational Boats; Commercial Boats; Military Boats
2) By Propulsion: Motor Boats; Sail Boats
3) By Application: Private Use; Commercial Use; Military Use

Market Overview:

The boat building market is segmented by type into recreational boats, commercial boats, and military boats. The recreational boats market was the largest segment of the boat building market segmented by type, accounting for 73.8% of the total in 2020. Going forward, the recreational boats segment is expected to be the fastest growing segment in the boat building market segmented by type, at a CAGR of 7.3% during 2020-2025.

The boat building market is also segmented by propulsion into motor boats and sail boats. The motor boats market was the largest segment of the boat building market segmented by propulsion, accounting for 78.6% of the total in 2020. Going forward, the motor boats segment is expected to be the fastest growing segment in the boat building market segmented by propulsion, at a CAGR of 5.2% during 2020-2025.

The boat building market is also application into private use, commercial use, and military use. The private use market was the largest segment of the boat building market segmented by application, accounting for 51.6% of the total in 2020. Going forward, the private use segment is expected to be the fastest growing segment in the boat building market segmented by application, at a CAGR of 7.3% during 2020-2025.

North America was the largest region in the boat building market, accounting for 37.2% of the total in 2020. It was followed by the Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the boat building market will be Middle east and the Africa where growth will be at CAGRs of 9.4% and 8.6% respectively during 2020-2025. These will be followed by North America and South America, where the markets are expected to register CAGRs of 7.9% and 7.3% respectively during 2020-2025.

The top opportunities in the boat building market segmented by type will arise in the recreational boats segment, which will gain $10,780.1 million of global annual sales by 2025. The top opportunities in the boat building market segmented by propulsion will arise in the motor boats segment, which will gain $11,453.7 million of global annual sales by 2025. The top opportunities in the boat building market segmented by application will arise in the offline segment, which will gain $7,456.1 million of global annual sales by 2025. The boat building market size will gain the most in USA at $5,609.0 million.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Browse full Boat Building market report description with TOC:

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