According to a new market report published by Lucintel, the future of inflatable boat market looks promising with opportunities in leisure, defense, and other end use industry. Inflatable boat is expected to reach an estimated $2.3 billion by 2024 with a CAGR of 3.6% from 2019 to 2024. The major drivers of growth for this market are rising spending on recreation and leisure activities and increasing deployment of inflatable boats in maritime security.
Browse 100 market data tables and 141 figures spread through 192 pages and in-depth TOC on “Inflatable Boat Market"
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In this market, different types of inflatable boat such as soft inflatable boat and rigid inflatable boat are used as boat type. On the basis of comprehensive research, soft inflatable boat is expected to be the largest segment and it is also expected to witness the highest growth over the forecast period because of low cost, very light weight, and easy to transport.
Within this market, inflatable boats for leisure application is expected to remain the largest segment by value and volume and it is also expected to witness the highest growth in the forecast period due to growing middle class population and increasing participation in recreational boating.
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Asia Pacific is expected to remain the largest region by value and volume due to economic expansion and increasing tourist attraction toward water leisure. North America is expected to experience the highest growth over the forecast period due to rising spending on recreational activities and increasing water sports events.
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Emerging trends, which have a direct impact on the dynamics of the inflatable boat industry, include increasing demand for synthetic material to reduce wood in manufacturing of boat deck and increasing usage of eco-friendly material in boat manufacturing. Zodiac Milpro, Woosung I.B, Brig Rigid Intelligent, AB Inflatable, William Jet Tender, Hifei Inflatable Boat, Highfeild Boat, Achilles Inflatable Boat and others are among the major inflatable boat manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the inflatable boat market by floor type, boat type, end use industry and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Inflatable Boat Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the inflatable boat market by floor type, boat type, end use industry, and region as follows:
By Floor type (Value ($M) and Volume (Units) shipment analysis for (2013 – 2024):
- Aluminium
- Fiberglass
- Air mattress
- Others
By Boat type (Value ($M) and Volume (Units) shipment analysis for (2013 – 2024):
- Soft
- Rigid
By End use industry (Value ($M) and Volume (Units) shipment analysis for (2013 – 2024):
- Leisure
- Defense
- Others
By Region (Value ($M) and Volume (Units) shipment analysis for (2013 – 2024):
- North America
- United States
- Canada
- Mexico
- Europe
- Switzerland
- Germany
- France
- Italy
- Asia Pacific
- China
- Japan
- Australia
- New Zealand
- The Rest of the World
- Argentina
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This 192-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/inflatable-boat-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the floor type (Aluminum, Fiberglass, Air mattress, and Others) and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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