Global Boat Building And Repairing Market Size, Drivers, Trends, Opportunities And Strategies – Includes Boat Building And Repairing Market Demand
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Advances in technology are expected to drive innovation in boat building and repairing manufacturing, thus driving the market during the forecast period.
The global boat building and repairing market is expected to grow from $38.16 billion in 2022 to $41.36 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The boat building and repairing market is expected to grow to $56.29 billion in 2027 at a CAGR of 8.0%.
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- By Type: Boat Building, Boat Repairing
- By Propulsion: Motor Boats, Sail Boats
- By Application: Private Use, Commercial Use, Military Use
- 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 building and repairing market in 2021.
Major Market Players in the boat building and repairing market include BRP Inc., Berkshire Hathaway Inc., BRUNSWICK CORPORATION, Fincantieri SpA, Groupe Beneteau, Daewoo shipbuilding & marine engineering.
Boat building companies are 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 down 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. For instance, in the USA, the UMaine (University of Maine) team built the largest 3D printed boat using the largest prototype polymer 3D printer.
The Boat Building And Repairing Global Market Report 2023 provides a boat building and repairing market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The boat building and repairing market forecast analyzes boat building and repairing market size, boat building and 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 building and repairing refers to designing and constructing boats, as well as their systems and comprise of altering and repairing the boat parts.
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