According to a new market report published by Lucintel, the future of inflatable boat market looks promising with opportunities in leisure, defense, and other end use industry. Inflatable boat is expected to reach an estimated $2.3 billion by 2024 with a CAGR of 3.6% from 2019 to 2024. The major drivers of growth for this market are rising spending on recreation and leisure activities and increasing deployment of inflatable boats in maritime security.
Browse 100 market data tables and 141 figures spread through 192 pages and in-depth TOC on “Inflatable Boat Market"
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In this market, different types of inflatable boat such as soft inflatable boat and rigid inflatable boat are used as boat type. On the basis of comprehensive research, soft inflatable boat is expected to be the largest segment and it is also expected to witness the highest growth over the forecast period because of low cost, very light weight, and easy to transport.
Within this market, inflatable boats for leisure application is expected to remain the largest segment by value and volume and it is also expected to witness the highest growth in the forecast period due to growing middle class population and increasing participation in recreational boating.
Asia Pacific is expected to remain the largest region by value and volume due to economic expansion and increasing tourist attraction toward water leisure. North America is expected to experience the highest growth over the forecast period due to rising spending on recreational activities and increasing water sports events.
Emerging trends, which have a direct impact on the dynamics of the inflatable boat industry, include increasing demand for synthetic material to reduce wood in manufacturing of boat deck and increasing usage of eco-friendly material in boat manufacturing. Zodiac Milpro, Woosung I.B, Brig Rigid Intelligent, AB Inflatable, William Jet Tender, Hifei Inflatable Boat, Highfeild Boat, Achilles Inflatable Boat and others are among the major inflatable boat manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the inflatable boat market by floor type, boat type, end use industry and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Inflatable Boat Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the inflatable boat market by floor type, boat type, end use industry, and region as follows:
By Floor type (Value ($M) and Volume (Units) shipment analysis for (2013 – 2024):
Aluminium
Fiberglass
Air mattress
Others
By Boat type (Value ($M) and Volume (Units) shipment analysis for (2013 – 2024):
By End use industry (Value ($M) and Volume (Units) shipment analysis for (2013 – 2024):
By Region (Value ($M) and Volume (Units) shipment analysis for (2013 – 2024):
North America
United States
Canada
Mexico
Europe
Switzerland
Germany
France
Italy
Asia Pacific
The Rest of the World
Argentina
Australia
New Zealand
This 192-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/inflatable-boat-market.aspx or helpdesk@lucintel.com.
About Lucintel
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