Boat and Yacht Transportation Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR44032
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 Boat and Yacht Transportation Market - 2021-2025

The boat and yacht transportation market size is expected to reach a value of USD 539.95 million, at a CAGR of 3.91%, during 2021-2025. This research study helps in deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as rising demand for recreational boating are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

Boat and Yacht Transportation Market Size

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Boat and Yacht Transportation Market Segments

Navigate through market segmentation by product (boat and yacht) and geography (Europe, North America, APAC, South America, and MEA) in this boat and yacht transportation market report to pursue growth opportunities.

Get actionable insights on the boat and yacht transportation market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Also, our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities for subsequent recovery. Want a thorough qualitative and quantitative analysis on the post-pandemic boat and yacht transportation market predictions on demand changes for 2021-2025? You can buy the report now with one easy click.

Boat and Yacht Transportation Market Vendors and Competitive Analysis

The boat and yacht transportation market is fragmented and the vendors are deploying growth strategies such as product extensions, technological innovations, and strategic M&A to gain competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

The unprecedented outbreak of COVID-19 last year impacted market segments that has had a ripple effect on various stakeholders. To make the most of the opportunities and recover from post COVID-19 impact, the market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

Buy the full boat and yacht transportation market forecast report for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Boat and Yacht Transportation Market Vendors

Boat and Yacht Transportation Market - Region Opportunities 2021-2025

68% of the boat and yacht transportation market growth will originate from Europe during the forecast period. Italy, the UK, Germany, and the Netherlands are the key markets for boat and yacht transportation in Europe. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!

Boat and Yacht Transportation Market Share by Geography

Europe has been exhibiting significant growth rate for boat and yacht transportation market vendors. Factors such as the presence of a large coastline promoting recreational water events are accelerating the boat and yacht transportation market growth in Europe. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The boat and yacht transportation market share growth in Europe will be faster than the growth of the market in other regions. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Boat and Yacht Transportation Market Insights by Product

Boat and Yacht Transportation Market Share by Product

To gain further insights on the market contribution of various segments Request for a FREE Sample!

The boat and yacht transportation market share growth by the boat segment will be significant during the forecast period. Technological integration in boat transportations is driving the growth of the market globally. Boat transportations are equipped with features such as digital dashboards, joystick controls, and digital throttles. These digital controls simplify the operation of boat transportation, thereby increases confidence among beginners and improve first-time sales, thereby driving the market. This report provides an accurate prediction of the contribution of all the segments to the growth of the boat and yacht transportation market size.

From the boat and yacht transportation market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentations will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID19 impact on each segment.

Boat and Yacht Transportation Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding boat and yacht transportation market growth is volatility in fuel prices. Purchase our express report to get exhaustive insights on other industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

The rising demand for recreational boating is driving boat and yacht transportation market growth. The increasing active participation in recreation activities, the presence of low-cost skilled labors, the growing disposable income, and a rise in consumer spending on recreational activities are leading to a rise in demand for recreational boating. Owing to the high demand for recreational boating, the replacement of existing boats by newly manufactured boats is intensifying. This subsequently drives the demand for boat and yacht transportation fueling market growth.

The use of blockchain technology in marine transportation is one of the key global boat and yacht transportation market trends. Blockchain technology helps in storing and transforming data digitally, with high security. Since boat and yacht transportation comprises a huge number of documentation such as charter party agreements, bill of lading (BoL), letters of credit, and others, these documents are supposed to be passed through a long chain of parties, which makes the process time-consuming. Blockchain technology simplifies the process, encouraging several end-users to invest in the boat and yacht transportation market. 

This boat and yacht transportation market analysis report provides detailed information on key trends, drivers, and challenges that is the essence of business planning and strengthening marketing strategies across regions and segmentations.

 

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Boat and Yacht Transportation Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive boat and yacht transportation market growth during the next five years
  • Precise estimation of the boat and yacht transportation market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the boat and yacht transportation market across Europe, North America, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of boat and yacht transportation market vendors

Buy the Boat and Yacht Transportation Market report now to reimage your business strategies!

 

Boat And Yacht Transportation Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.91%

Market growth 2021-2025

$ 539.95 million

Market structure

Fragmented

YoY growth (%)

1.07

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 68%

Key consumer countries

Italy, UK, Germany, US, and The Netherlands

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

A.P. Moller - Maersk AS, Andrews Trucking Ltd., Boat Shipping USA LLC, CEVA Logistics AG, Joule Yacht Transport Inc., KAR Auction Services Inc., One World Shipping Network Inc., Peters & May Ltd., Spliethoff Group, and United Yacht Transport

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The boat and yacht transportation market growth will increase by $511.25 million during 2019-2024.
The boat and yacht transportation market is expected to grow at a CAGR of 3.54% during 2019-2024.
Technavio has segmented the boat and yacht transportation market by product (Boat and Yacht) and geographic (Europe, North America, APAC, South America, and MEA).
A.P. Moller - Maersk AS, Andrews Trucking Ltd., Boat Shipping USA LLC, CEVA Logistics AG, Joule Yacht Transport Inc., KAR Auction Services Inc., One World Shipping Network Inc., Peters & May Ltd., Spliethoff Group, United Yacht Transport are a few of the key vendors in the boat and yacht transportation market.
Europe will register the highest growth rate of 66.62% among the other regions. Therefore, the boat and yacht transportation market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the boat and yacht transportation market growth are:
  • Rising demand for recreational boating
  • Blockchain technology in marine transportation
The boat and yacht transportation market vendors should focus on grabbing business opportunities from the boat segment as it accounted for the largest market share in the base year.
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