Market Overview

Global Boat and Yacht Transportation Market 2018-2022 | Rising Demand for Recreational Boating to Boost Growth | Technavio

Share:

Technavio
analysts forecast the global boat and yacht transportation market to
grow at a CAGR of over 4% during the forecast period, according
to their latest market research report. However, the growth momentum of
the market is expected to decelerate due to a decline in the
year-over-year growth.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180822005368/en/

Technavio has published a new market research report on the global boat and yacht transportation mar ...

Technavio has published a new market research report on the global boat and yacht transportation market from 2018-2022. (Graphic: Business Wire)

The use of blockchain technology in marine transportation is one of the
major trends being witnessed in the global
boat and yacht transportation market 2018-2022
. The blockchain
is a technology for storing and transforming data digitally with high
security. It is also called as a distributed digital ledger.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global boat and yacht transportation market is the
rising demand for recreational boating:

Global boat and yacht transportation market:
Rising demand for recreational boating

The global recreational boating market is expected to grow at a CAGR of
over 3% during the forecast period. North America is anticipated to hold
the highest share in the market because of the increasing active
participation in recreation activities, particularly in the US and
Canada population.

According to a senior market research analyst at Technavio, "The
presence of low-cost skilled labors has been encouraging countries in
Europe to manufacture recreational boats and export them to other
countries across the world. The increasing disposable income and
increase in consumer spending on recreational activities are promoting
the demand for recreational boating in APAC."

Global boat and yacht transportation market:
Segmentation analysis

The global boat and yacht transportation market research report provide
market segmentation by product (boat and yacht) and by region (the
Americas, EMEA, and APAC). It provides an in-depth analysis of the
prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.

Of the two major products, the boat segment held the largest market
share in 2017, contributing to around 80% of the market. This product
segment will dominate the global market throughout the forecast period.

EMEA held the largest share of the market in 2017, accounting for close
to 75% share. It was followed by the Americas and APAC respectively. The
Americas will project the highest growth during the forecast period.

Looking for more information on this market? Request
a free sample report

Technavio's sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio's comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at media@technavio.com.

View Comments and Join the Discussion!