Global Outboard Boats Market By 2023
Big companies in the outboard boat industry are Bombardier Products Inc., Brunswick Corporation, Campion marine Inc., Cantieri Capilli SRL, Groupe Beneteau, Polaris Inc., Poseidon Boats, White River Marine Group, Nimbus Group, and Sightseer Marine Inc.
Reportlinker.com just released a report called "Outboard Boats Global Market Report 2023." Some of the companies featured in the report are Marine Products Corporation, Waterline Systems Inc., Mahindra & Mahindra, Ribcraft Ltd., Scout Boats, Seaark LLC, Stingray Boats, Zodiac Milpro Inc., Ferretti Group, Tracker Boats, Bravia Yachtbau, and Hoble Boats.
The outboard boat market will grow from $5.29 billion to $5.80 billion in 2023, with a CAGR of 9.8%. The Russia-Ukraine war affected the global economic recovery from COVID-19 short term. Sanctions, commodity prices, and supply chain issues caused inflation. The market will reach $8.06 billion in 2027 with a CAGR of 8.6%.
The outboard boats market sells fishing boats, dinghy boats, and deck boats. The values are 'factory gate' values. This means it's the value of goods sold by the manufacturers or creators of the goods. They can sell to other entities or directly to end customers.
The things sold in this market also come with services from their makers. These services add to the worth of the things being sold.
Outboard boats run on outboard motors. A boat has the engine at the back to qualify it as an outboard boat. They can be for fishing or for yachting.
The outboard boats market was notable in North America in 2022. Analysts predict that Asia-Pacific will experience the most growth in the coming years.
Our outboard boat report includes Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
There are three main types of outboard boat markets. These are recreational boats, rigid inflatable boats (RIBs), and small utility boats. RIBs are unique because they have a rigid hull and inflatable tubes around the sides.
Boats are utilized for many purposes like tourism, water sports, commercial and leisure activities. They are also used in several end-use industries such as fishing, water taxi, transportation, and hospitality businesses.
The outboard boat market will grow because more people want to do recreational activities. Recreational activity means doing things for fun and pleasure. It can be indoors or outdoors.
Many people love outboard boats for many reasons. They are useful for sports and leisure. They are also simple to use and cheap. In the US, more people are getting involved in outdoor recreation this year. They are part of the reason why the outboard boat market is growing.
Advanced technology is becoming more popular in the outboard boat market. Big companies want to make new stuff to stay strong.
In September 2021, Yamaha Motor Co., Ltd. launched HARMO. HARMO is a boat with a new way to move and electronic controls. The boat has an electric motor, a remote control, and joystick. It is meant to give passengers a luxurious and quiet experience.
In January 2021, Malibu Boats bought Maverick Boat Group for $150 million. Malibu now has more saltwater outboard boats and can make even more boats. Maverick makes lots of boats, especially ones with outboard motors.
The outboard boats market report covers 12 countries. These are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Market value means the money a company makes from selling things or providing services in a certain area. This can come from sales or getting money as a gift. The value is measured in dollars unless said otherwise.
Revenues in a certain place are from organizations in that place, regardless of where they're made. Resales along the supply chain don't count.
A new report is available about the outboard boat market. It includes statistics on the global market size, shares, competitors, and market trends. This report has all the data you need to succeed in the industry. It offers a complete perspective on the current and future scenario of the industry. You can read the full report on the link provided.
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