The Global Boat Building And Repairing Market Report by The Business Research Company covers boat building and repairing market drivers and restraints, boat building and repairing market size, major players, and the impact of COVID-19 on the boat building and repairing market.
The boat building and repairing market consists of sales of boats and boat building and repairing services and related services by entities (organizations, sole traders and partnerships) that operate shipyards or boatyards. Shipyards and boatyards are fixed facilities with drydocks and fabrication equipment capable of building boats, including dinghies, hovercrafts, motorboats, rowboats, yachts, sailboats and inflatable rubber boats. The boat building and repairing market is segmented into boat building and boat repairing.
Advances in technology are expected to be a continued driver of market growth in the forecast period. The global boat building and repairing market is expected to grow from $41.09 billion in 2020 to $43.95 billion in 2021 at a compound annual growth rate (CAGR) of 7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $57.11 billion in 2025 at a CAGR of 7%.
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Some boat building and repairing market trends include increasingly using 3D printing technology in the manufacture of boats. 3D printing involves the building of three-dimensional objects using a digital model by laying successive layers of material. 3D printing provides boat manufacturers with advantages such as adjustability, cost reduction and convenience. Manufacturing companies are focusing on new products especially for fishing and water sports. Many high-end yachts are already using 3D printed parts.
Global boat building and repairing market segments include:
1) By Type: Boat Building, Boat Repairing.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global boat building and repairing market, accounting for 37% of the total market.
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The Boat Building And Repairing Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides boat building and repairing market overviews, analyzes and forecasts market size, share, boat building and repairing market players, boat building and repairing market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The boat building and repairing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Boat Building And Repairing Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Brunswick Corporation, Riviera, Holyhead Boatyard Ltd, Ancasta International Boat Sales Ltd, Survitec Survival Craft Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Boat Building And Repairing Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Boat Building And Repairing Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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