The global recreational boat market is expected to witness highgrowth during 2013 and beyond because the boat market bottomed out recently. The global boat market is expected to grow to $23.8 billion in 2018 with significant growth over the next five years (2013-2018).
(TRAVPR.COM) TX - March 13th, 2014 - The global recreational boat market is expected to witness highgrowth during 2013 and beyond because the boat market bottomed out recently. The global boat market is expected to grow to $23.8 billion in 2018 with significant growth over the next five years (2013-2018).Inboard and stern drive boats are expected to have the highest market share in 2013 and keep their leading position in 2018.
Lucintel, a leading global
The growth in North America is expected to be the highest followed by ROW and APAC due to cruiser segment growth. Large companies such as Riviera, Horizon Yachts, and Sensation Yachts plan to target giga-yachts in immediate future. The market share for European boat market is expected to decline in terms of value shipment because of its relative lower growth rate. The shares for the North America boat market are expected to grow as this market is going to witness higher growth than average growth. The growth in APAC region is expected to come from China, India, Southeast Asia, and Korea, as sales are likely to be bolstered by continued economic growth in those countries.
Lucintel study indicates that the huge number of boat builders would make the industry less profitable. Also, the concentration of industry revenue in a relatively small number of major suppliers/industry leaders and product fragmentation more than compensates for the large number of suppliers competing for business.
This report provides a detailed assessment of the demand for the production of recreational boats including inboard boats, outboard boats, stern drive boats, and others on a global and regional basis. This market intelligence report provides the ranking of the top 10 global leaders with their respective market shares.Lucintel forecasts that Brunswick should remain number one for the near future.
This detailed research report includes demand trends and forecasts, market size estimates by boat types, regional analysis,profiles of leading companies, competitive analysis and much additional critical business information.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk@lucintel.com.Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency.
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