Small Boats Market Report 2023-2032: Industry Analysis, Scope, Trend, And Forecast | Beneteau Group SA, Marine Products Corporation, Brunswick Corporation, MasterCraft Boat Company LLC, Malibu Boats Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Small Boats Global Market Report 2023 identifies rapid growth of fishing activities as the major driver for the Small Boats market's growth in the forecast period. Fishing activities refer to the act of catching fish or other aquatic animals for food, sport, or commercial purposes. Small boats are ideal for fishing in shallow waters and are often more affordable and easier to operate and maintain than larger vessels.

The global small boats market size is expected to grow from $31.20 billion in 2022 to $35.16 billion in 2023 at a compound annual growth rate (CAGR) of 12.70%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every market across the globe. The global small boats market size is expected to reach $55.60 billion in 2027 at a CAGR of 12.14%.

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Major competitors in the Small Boats market are Beneteau Group SA, Marine Products Corporation, Brunswick Corporation, MasterCraft Boat Company LLC, Malibu Boats Inc.

A key trend in the Small Boats market includes technological advancements. Companies operating in the small boat market are adopting new technologies, such as the Internet of Things (IoT), to sustain their position in the market. For instance, in August 2022, Radian IoT Inc., a US-based big data company, launched the Radian M2 device and the SaaS platform equipped with IoT technology for remote monitoring of boats. The device uses IoT technology to transmit the data to a mobile device or a cloud-based platform, allowing boat owners and operators to monitor their vessels remotely and make informed decisions about navigation, maintenance, and other aspects of boat operation to improve safety, efficiency, and performance.

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The Small Boats market is segmented -

1. By Product Type: Powered Boat, Sail Boat, Personal Watercraft, Other Products
2. By Material: Fiberglass, Metal, Wood, Inflatable, Other Materials
3. By Application: Pleasure, Fishing, Defense, Other Applications
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Small Boats market.

The Business Research Company's "Global Small Boats Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Small Boats Market Include:

1. Executive Summary
2. Small Boats Market Characteristics
3. Small Boats Market Trends And Strategies
4. Small Boats Market - Macro Economic Scenario
5. Small Boats Market Size And Growth
……
26. Africa Small Boats Market
27. Small Boats Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Small Boats Market
29. Small Boats Market Future Outlook and Potential Analysis
30. Appendix

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