Global Boat Market to Witness Impressive Growth, Revenue to Surge to USD 54 Billion By 2032

According to the report, the global Boat market size was valued at approximately USD 34.22 billion in 2023 and is predicted to reach around USD 54 billion by the end of 2032, expanding at a CAGR of around 5.2% from 2024 to 2032.

The report covers forecast and analysis for the Boat market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints for the Boat market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Boat market on a global level.

This report offers comprehensive coverage of the global Boat market along with, market trends, drivers, and restraints of the Boat market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the Boat market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared by using data sourced from in-house databases, and a secondary and primary research team of industry experts. Research analysts and consultants cooperate with leading companies of the concerned domain to verify every value of data that exists in this report.

The North American boat market is the fastest growing market globally and accounted for a 29.82% share in terms of value in 2023. Europe was the second leading regional market with 28.30% of market share in terms of value in 2023 and is projected to grow at a CAGR of 9.20% during the forecast period. The Asia Pacific region accounted for 26.45% of market share in terms of value in 2023. It is expected to experience noticeable growth over the forecast period.

The report includes a detailed segmentation of the Boat market based on product type and region. Pleasure boats, fishing boats, commercial boats and military boats are key products in the Boat market. Major regional segments analyzed in this report include North America, Europe, Asia Pacific, Latin America, Middle East & Africa and the countries analyzed include Bahrain, Saudi Arabia, UAE, Oman, Qatar, and Kuwait.

The report provides a detailed competitive outlook including market share and company profiles of the key players operating in the global market. The key participants listed in the report are Willard Marine, South Boats IOW, Fassmer, HiSiBi, Asis Boats, LOMOcean Design, SAFE Boats, Maritime Partner AS, Sunbird Yacht, FB Design, BCGP, Alutech, Connor Industries, MARINE, and PALFINGER.

Browse the full “Boat Market By Product Type (Pleasure Boat, Fishing Boat, Commercial Boat, And Military Boat), By Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2024 - 2032” Report at https://www.zionmarketresearch.com/report/boat-market

The report segments the Boat Market into:

By Product Type

• Pleasure Boat
  • Cuddy
  • Deck
  • Pontoons
  • Others                    
• Fishing Boat
  • Convertible Fishing Boat
  • Bass Boat
  • Bay Boat
  • Bowrider
  • Others 
• Commercial Boat
  • Charter Boats
  • Airboats
  • Houseboats
  • Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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