Global Boat Repairing Market Size, Drivers, Trends, Opportunities And Strategies – Includes Boat Repairing Market Demand
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The increasing demand for recreational boats are expected to drive innovation in boat repairing manufacturing, thus driving the market during the forecast period.
The global boat repairing market is expected to grow from $5.56 billion in 2022 to $6.17 billion in 2023 at a compound annual growth rate (CAGR) of 11.0%. The global boat repairing market size is expected to grow to $9.22 billion in 2027 at a CAGR of 10.6%.
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Global Boat Repairing Market Segments Include:
- By Type: Recreational Boats, Commercial Boats, Military Boats, Other Types
- By Propulsion: Motor Boats, Sail Boats
- By Services: Collision Damage, Fire Damage, Submergence, Groundings, Transport Damage
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global boat repairing market in 2021.
Major Market Players in the boat repairing market include Brunswick, Riviera, Holyhead Boatyard, Ancasta International Boat Sales, Survitec Survival Craft, Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries.
Robots are used in many activities in the maritime industry, from cleaning and maintenance to full-fledged driverless craft, to reduce human risk and increase process efficiency. For instance, the Robotic Hull Bio-Inspired Underwater Grooming Tool, also called the Hull BUG, is a small robot that attaches to the underside of a vessel to clean the surface. According to Sea Robotics estimates, 5% of fuel efficiency from regular cleanings saves about $15 billion per year in fuel costs and reduces 1 billion tonnes of greenhouse gas emissions. Robots are expected to offer green and eco-friendly benefits. Therefore, advanced robotics that is influencing maritime operations is a key trend in the maritime industry.
The Boat Repairing Global Market Report 2023 provides a boat repairing market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The boat repairing market forecast analyzes boat repairing market size, boat repairing market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Boat repairing is the service provided after the sale of the boats because it involves giving the boat regular maintenance.
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