Global Small Boats Market Analysis, Applications, Sale, Growth, Trends By 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Small Boats Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The small boats market size has grown rapidly in recent years. It will grow from $35.16 billion in 2023 to $39.55 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to economic stability and disposable income, tourism and leisure trends, regulatory environment, boating infrastructure, economic stability.

The small boats market size is expected to see rapid growth in the next few years. It will grow to $63.36 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to rising urbanization and population growth, environmental awareness, recreational boating culture, safety regulations, sustainable practices. Major trends in the forecast period include digital transformation and connectivity, technological advancements, government regulations and safety standards, online sales and direct-to-consumer models, electric propulsion systems.

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Market Segmentation:
The small boats market covered in this report 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

Major Driver - Small Boat Market Sets Sail On The Surge Of Fishing Enthusiasm
The rapid growth of fishing activities is expected to propel the growth of the small boat market going forward. 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. For instance, in 2021, Marine Management Organization, a UK-based non-departmental public body of the Department for Environment, food, and rural affairs, UK ships landed 652 thousand tons of sea fish worth £921 million ($1 billion) as compared to 2020, an increase of 5% and 11% in quantity and value respectively. Therefore, the rapid growth of fishing activities is driving the growth of the small boat market.

Competitive Landscape:
Major companies operating in the small boats market report are AB Volvo Penta, Polaris Industries Inc, Bombardier Recreational Products Inc, Brunswick Corporation, Beneteau Group SA, Malibu Boats Inc., Ferretti Group S.p.A., Sea Ray Boats Inc., MasterCraft Boat Company LLC, Azimut Benetti S.p.A., Marine Products Corporation, Boston Whaler Inc., Sunseeker International Holdings Limited, S2 Yachts Inc., Porter Inc., Formula Boats Inc., Pursuit Boats LLC, Grady-White Boats Inc., Cobalt Boats LLC, Everglades Boats LLC, Seabring Marine Industries Inc., Sea Fox Boat Company, Four Winns Boats LLC, Stingray Boats Inc., Bavaria Yachtbau GmbH, Correct Craft Inc., Crestliner Marine Holdings Inc., WeLLCraft Marine Inc., Carver Yachts LLC

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Top Trend - Innovation Surges In Small Boat Market With Advanced Electric Propulsion
Major companies operating in the small boat market are developing innovative products with advanced technologies, such as electric propulsion systems, to provide reliable services to customers. Electric propulsion systems refers to a class of space propulsion that uses electrical power to accelerate a propellant, offering several advantages over traditional chemical propulsion systems. For instance, In April 2023, Kaebon, a Munich-based startup, launched the EB Eins, an electric boat designed to be the lightest in the world, weighing only 89 kilograms. The boat is constructed from ultra-light carbon composite materials, allowing it to be easily transported and placed on a car roof. The innovative design, featuring a wave-piercing bow and long waterlines, offers a portable and efficient watercraft option for boating enthusiasts.

The Table Of Content For The Market Report 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
…..
27. Small Boats Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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