Water Taxi Market Set to Witness an Uptick during 2021 to 2031

The products offered by the manufacturers and players functional within the global water taxi market, such as cruises, sail boats, yachts, and ferries are used for commercial and passenger transportation. These products in the global water taxi market are operable through various fuel modalities, such as diesel water taxis, hybrid water taxis, and electric or battery operated water taxis. The rising sales in the global water taxi market are supported by the rising number of initiatives by governments across the world that bolster the green transportation movements. Furthermore, the emergence of various water taxi based tourism attractions, such as waterfront cruises, nature tours, riverfront tours, and sunset cruises, is also supplementing the growth within the global water taxi market. The increasing digitalization of transportation services, such as ride sharing apps has also infiltrated the landscape of the water transport. This is providing the players in the global water taxi market with numerous attractive opportunities for developing taxi sharing applications or for customers to avail the tickets or rent a water taxi through digital modes. For example, a ride sharing service provider, 'Uber' recently launched an on-demand water taxi hailing app called 'UberBOAT' in India.

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The research report carefully maps the innovations and growth of the global water taxi market over the forecast period of the study i.e. 2021 to 2031. It examines the landscape of the global water taxi market thoroughly, in order to provide readers with valuable information pertaining to shifting market as well as consumer trends. This business intelligence report can be utilized as a significant tool by the stakeholders of the global water taxi market in order to evaluate and double down on the lucrative development opportunities in the industry over the forecast years. It also examines the players and manufacturer profiles in the detailed study on the global water taxi market, with essential data regarding the sales, forecast, and product inventory. The research report on the global water taxi market also assesses the emerging as well as established market trends that can help the corporate executives working in the domain of the global water taxi market in making informed business decisions.

Major Trends and Drivers:

The increasing disposable income, that facilities various leisure activities as well as the increasing expenditure of recreational travel activities is boosting the demand within the global water taxi market. Furthermore, various benefits offered by the solutions and products in the global water taxi market, such as easy and quick point A to B transportation, significant reduction in time wasted by congestions of rail and road routes, and leisurely recreational fun, are stimulating high interest in the global water taxi market. On the other hand, high competition from other means of transportation as well as the requirement of high initial capital for buying and maintaining the products may hamper the growth within the global water taxi market in coming years. However, the rising inclination of public towards choosing green modes of transportation as well as favorable economic conditions are supplementing the development within the global water taxi market.

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Key Players and Manufacturers

The Corporate intelligence report methodically evaluates the details and information pertaining to several leading stakeholders as well as vendors functional within the global water taxi market. It assesses their corporate operations, business overview, financial information, business strategies, revenue, and sales figures over the forecast period. It also examines the players in the global water taxi market, such as IBM Corporation, Bavaria Yachtbau, Azimut Benetti, Catalina Yachts, Ferretti, Sunseeker, Beneteau Group, Princess Cruise Lines, Ltd., Brunswick, Macgregor, and American Sail, Inc., among others. Some of the key corporate growth strategies adopted by the leading manufacturers and players functional within the global water taxi market include geographical expansion, strategic partnerships, joint ventures, and collaborations, among others.

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