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Leisure Boat market is giving the major share of 4.31% in 2018 and projected to grow at compound annual growth rate (CAGR) of more than over 4% during forecast period 2019-2023.
“Global “Leisure Boat Market” gives in-depth analysis of the parent market with important changes in market dynamics, analyse segmentation details of the market as former, on-going, and projected market in terms of volume and value. Leisure Boat market report specifies detailed competitive outlook including the market share and company profiles of the key participants operating in the global market.
About this market
The increasing demand for outboard powerboats will be one of the key drivers in the market growth. While outboard powerboats have always held a significant portion of the market, their demand further rose in recent years. Many boat companies offer multiple outboard engines, which makes their use in larger boats requiring more power simpler. The preference for outboard powerboats during the forecast period is expected to rise due to the augmented benefits associated with them. Therefore, the demand for outboard powerboats will be a key volume driver for the global leisure boat market. Our analysts have predicted that the leisure boat market will register a CAGR of over 4% by 2023.
Leisure Boat market report highlights the economy, past and emerging trend of industry, and availability of basic resources. furthermore, the market report explains development trend, analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out in the end, the report makes some important proposals for a new project of Leisure Boat market before evaluating its possibility.
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The market appears to be split and with the presence of several companies. Factors such as the increasing availability of multifunctional Leisure Boat with rising and increased demand
Dynamics of Leisure Boat Market
Market Driver: increasing customer engagement in marinas and recreational boating activitiesMarket Trend: initiatives by government and organizations to promote leisure boating in emerging countriesMarket Challenge: declining leisure boat registrations due to increasing maritime accidentsTechnological integration in leisure boats Technological integration in leisure boats is driving the growth of the market globally. Leisure boats are equipped with features such as digital dashboards, joystick controls, and digital throttles. The adoption of advanced technologies makes boat operations easy, thus gaining consumer confidence. High total cost of ownership of leisure boats The affording a leisure boat is economically not feasible for low- and mid-income families. Due to its expensive nature, the market for leisure boats is very niche in emerging economies as well. Therefore, the high total cost of ownership of leisure boats will be a key price challenge that might hinder the growth of the market.
Regions of Leisure Boat market
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TOC of Leisure Boat Market ReportPART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORT •2.1 Preface •2.2 Preface •2.3 Currency conversion rates for US$ PART 03: MARKET LANDSCAPE •Market ecosystem •Market characteristics •Market segmentation analysis PART 04: MARKET SIZING •Market definition •Market sizing 2018 •Market size and forecast 2018-2023 PART 05: FIVE FORCES ANALYSIS •Bargaining power of buyers •Bargaining power of suppliers •Threat of new entrants •Threat of substitutes •Threat of rivalry •Market condition PART 06: MARKET SEGMENTATION BY PRODUCT •Market segmentation by product •Comparison by product •Leisure boat accessories – Market size and forecast 2018-2023 •Leisure boat motors – Market size and forecast 2018-2023 •Leisure boat building – Market size and forecast 2018-2023 •Market opportunity by product PART 07: CUSTOMER LANDSCAPE PART 08: GEOGRAPHIC LANDSCAPE •Geographic segmentation •Geographic comparison •North America – Market size and forecast 2018-2023 •Europe – Market size and forecast 2018-2023 •APAC – Market size and forecast 2018-2023 •South America – Market size and forecast 2018-2023 •MEA – Market size and forecast 2018-2023 •Key leading countries •Market opportunity PART 09: DECISION FRAMEWORK PART 10: DRIVERS AND CHALLENGES •Market drivers •Market challenges PART 11: MARKET TRENDS •Introduction of hybrid propulsion system in leisure boats •Initiatives by government and organizations to promote leisure boating in emerging countries •Growing population of HNWI will boost the leisure boat sales PART 12: VENDOR LANDSCAPE •Overview •Landscape disruption •Competitive scenario PART 13: VENDOR ANALYSIS •
No. of Pages: – 118
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Name: Ajay More
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To view the original version on The Express Wire visit Global Leisure Boat Market 2019 Report Presents an Overall Analysis, Development Trends, Driving Forces, Opportunities & Future Potential 2023