Single Deck Boat Market Size, Growth, Analysis, Demand And Forecast 2033

The new report published by The Business Research Company, titled Single Deck Boat Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the single deck boat market size has grown rapidly in recent years. It will grow from $2.31 billion in 2023 to $2.61 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The single deck boat market size is expected to see rapid growth in the next few years. It will grow to $4.29 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%.

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Rising Recreational Boating Trends Fuel Growth In Single Deck Boat Market
The growth in recreational boating and water sports is expected to propel the growth of the single deck boat market going forward. Recreational boating and water sports encompass a variety of leisure activities conducted on water, including boating, sailing, fishing, kayaking, jet skiing, and other water-based sports and pastimes for enjoyment and relaxation. The rising adoption of recreational boating and water sports is driven by increased disposable incomes and a growing interest in outdoor and adventure activities. Single-deck boats are favored in recreational boating and water sports for their straightforward handling, spacious interiors, and suitability for a variety of activities such as fishing, cruising, and leisurely outings on the water. For instance, in May 2023, according to the National Marine Manufacturers Association (NMMA), a US-based trade organization, recreational boating experienced a significant economic surge, with annual economic activity rising by 36% from $170 billion in 2018 to $230 billion by 2023. In addition, 260,000 new boats were sold in 2022, along with over one million pre-owned boats, marking an increase compared to the previous year. Therefore, the growth in recreational boating and water sports is driving the growth of the single deck boat market.

Solar Deck Boats Lead Eco-Friendly Maritime Innovation
Major companies operating in the single deck boat market are focusing on eco-friendly and fuel-efficient boats, such as those with decks made from solar panels, to demonstrate renewable energy use and gain a competitive edge. A single-deck boat made from solar panels harnesses sunlight to power its operations, showcasing a sustainable energy solution and highlighting the potential for renewable energy in maritime transportation. For instance, in January 2024, Waterways Industrial Ltd., a UK-based recreational facilities provider, launched a boat with a deck made from solar panels. This innovative design allows the vessel to use solar power, which significantly reduces its carbon footprint and offers an eco-friendly alternative for maritime travel. The boat is known for its quiet operation and features batteries that not only store power but also allow for charging various onboard or onshore devices such as laptops, cell phones, or e-bikes.

The single deck boat market covered in this report is segmented -

1) By Power Source: Internal Combustion Engine (ICE), Electric
2) By Size: Small, Medium, Large
3) By Application: Wakeboard, Fishing, Wakesurf, Other Applications

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Major companies operating in the single deck boat market are Yamaha Motor Corporation, Sea Ray Boats Inc, MasterCraft Boat Company LLC, Lund Boat Company LLC, Regal Marine Industries Inc, Crownline Manufacturing Inc., Nautique Boat Company Inc, Boston Whaler Incorporated, Monterey Boats LLC, Glastron Boats, Skeeter Products Inc, Larson Boat Group Inc, TAHOE Boats Inc, Lowe Boats LLC, Chaparral Boats Co, Ranger Boats LLC, Rinker Boat Company LLC, Tracker Marine LLC (Tracker Boats division), Four Winns Corporation, Stingray Boats Corporation, Triton Boats Inc, Bayliner Boats LLC, Hurricane Marine Industries LLC, Nitro Boats LLC, Phoenix Bass Boats Inc, Stratos Boats LLC, Bullet Boats Incorporated, Crestliner Boats Inc.

Contents of the report:
1. Executive Summary
2. Single Deck Boat Market Report Structure
3. Single Deck Boat Market Trends And Strategies
4. Single Deck Boat Market - Macro Economic Scenario
5. Single Deck Boat Market Size And Growth
…..
27. Single Deck Boat Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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