Market Overview:
The global bay boats market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as an increase in recreational boating, rising demand for fuel-efficient boats, and the increasing popularity of hybrid boats. The global bay boats market is segmented on the basis of type into hybrid boat, fuel boat, and others. The hybrid boat segment is expected to grow at a CAGR of 6.1% during the forecast period from 2018 to 2030. This growth can be attributed to an increase in demand for fuel-efficient and environmentally friendly boats.
Product Definition:
Bay Boats are a type of boat that is specifically designed for use in and around bays, estuaries, and other shallow coastal waters. They typically have a shallow draft, which allows them to easily navigate through these types of waters, and they often feature a variety of fishing amenities that make them ideal for use by fishermen. Bay Boats are also popular among recreational boaters who enjoy spending time on the water in areas where there is little or no wave action.
Hybrid Boat:
Hybrid boats are a combination of power and sailboat. They have advantages of both types of propulsion systems, i.e., the power system provides speed while sailing and the sail propulsion when wind is not blowing. Hybrid boats can be used for both racing as well as cruising purposes owing to its characteristics such as quick acceleration with less efforts in comparison to other motorized vessels, which makes it more popular among consumers across various age groups.
Fuel Boat:
A fuel boat is a small vessel that carries its own fuel supply and can be used for transportation of goods as well as people. Fuel boats are generally powered by engines which can either be diesel or petrol engines. The engine used in the boat works on liquid fuels such as diesel, petrol, LPG (liquefied petroleum gas) or any combination of these.
Application Insights:
The personal use segment held the largest share of over 70.0% in 2017. The growth is attributed to increasing disposable income and rising population, especially in Asia Pacific and Africa. Personal use boats are generally smaller than commercial or lease ones as they do not require a large crew for operating them; hence these boats are mostly used by couples or families for recreational purposes on lakes, reservoirs, and ponds near their homes.
Personal watercraft (PWC) also form a significant part of the market as they offer an economical mode of transportation along with being able to accommodate up to three passengers at a time without any additional crew members required on board the craft which makes them ideal for short getaways by couples or small groups from city life. Growing PWC usage across various regions including North America is expected to have a positive impact on industry growth over the forecast period thus contributing towards overall industry expansion during this period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to increasing disposable income, growing population, and rising demand for recreational activities. Moreover, countries such as China are investing heavily in tourism development owing to which the demand for cruise ships has increased significantly over the past few years. This has led to an increase in passenger traffic on coastal areas resulting in an increase in sales of bay boats across this region.
North America accounted for a significant share of revenue generated by global boating industry due to high popularity of water sports and fishing activities among people from U.S., Canada, and Mexico cities along with their surrounding rural areas during leisure time is anticipated boost product demand across this region during forecast period 8th through 22nd centuries AD (Anno Domini).
Growth Factors:
- Increasing demand for leisure boating and fishing activities
- Growing popularity of pontoon boats and bay boats among consumers
- Rising spending on boating accessories and equipment
- Proliferation of online boat sales channels
- Expansion of the global marine market
Scope Of The Report
Report Attributes
Report Details
Report Title
Bay Boats Market Research Report
By Type
Hybrid Boat, Fuel Boat, Others
By Application
Personal, Commercial, Lease
By Companies
Aggresor, Alweld Boats, Bass Cat, Bluewater Sportfishing Boats, Carolina Skiff, Concept Boats, Crevalle Boats, EdgeWater Power Boats, Grady-White Boats, Hewes Boats, Lowe Boats, MAKO, Maverick Boat Company, Inc., Ranger Boats, Reef Runner Boats, Robalo Boats, Sailfish Boats, Scout Boats, Skeeter Boats, Sportsman, Stealthcraft Boats, Tracker Boats, Triton Boats, Wellcraft, Xpress Boats
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Bay Boats Market Report Segments:
The global Bay Boats market is segmented on the basis of:
Types
Hybrid Boat, Fuel Boat, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal, Commercial, Lease
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aggresor
- Alweld Boats
- Bass Cat
- Bluewater Sportfishing Boats
- Carolina Skiff
- Concept Boats
- Crevalle Boats
- EdgeWater Power Boats
- Grady-White Boats
- Hewes Boats
- Lowe Boats
- MAKO
- Maverick Boat Company, Inc.
- Ranger Boats
- Reef Runner Boats
- Robalo Boats
- Sailfish Boats
- Scout Boats
- Skeeter Boats
- Sportsman
- Stealthcraft Boats
- Tracker Boats
- Triton Boats
- Wellcraft
- Xpress Boats
Highlights of The Bay Boats Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hybrid Boat
- Fuel Boat
- Others
- By Application:
- Personal
- Commercial
- Lease
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bay Boats Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bay Boats are a type of boat that is typically used for recreational purposes such as fishing, sailing, and kayaking. Bay boats are often smaller in size than other types of boats and can be more easily maneuverable in tight spaces.
Some of the major companies in the bay boats market are Aggresor, Alweld Boats, Bass Cat, Bluewater Sportfishing Boats, Carolina Skiff, Concept Boats, Crevalle Boats, EdgeWater Power Boats, Grady-White Boats, Hewes Boats, Lowe Boats, MAKO, Maverick Boat Company, Inc., Ranger Boats, Reef Runner Boats, Robalo Boats, Sailfish Boats, Scout Boats, Skeeter Boats, Sportsman, Stealthcraft Boats, Tracker Boats, Triton Boats, Wellcraft, Xpress Boats.
The bay boats market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bay Boats Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Bay Boats Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bay Boats Market - Supply Chain
4.5. Global Bay Boats Market Forecast
4.5.1. Bay Boats Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bay Boats Market Size (000 Units) and Y-o-Y Growth
4.5.3. Bay Boats Market Absolute $ Opportunity
5. Global Bay Boats Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Bay Boats Market Size and Volume Forecast by Type
5.3.1. Hybrid Boat
5.3.2. Fuel Boat
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Bay Boats Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Bay Boats Market Size and Volume Forecast by Application
6.3.1. Personal
6.3.2. Commercial
6.3.3. Lease
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Bay Boats Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Bay Boats Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Bay Boats Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Bay Boats Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Bay Boats Demand Share Forecast, 2019-2026
9. North America Bay Boats Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Bay Boats Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Bay Boats Market Size and Volume Forecast by Application
9.4.1. Personal
9.4.2. Commercial
9.4.3. Lease
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Bay Boats Market Size and Volume Forecast by Type
9.7.1. Hybrid Boat
9.7.2. Fuel Boat
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Bay Boats Demand Share Forecast, 2019-2026
10. Latin America Bay Boats Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Bay Boats Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Bay Boats Market Size and Volume Forecast by Application
10.4.1. Personal
10.4.2. Commercial
10.4.3. Lease
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Bay Boats Market Size and Volume Forecast by Type
10.7.1. Hybrid Boat
10.7.2. Fuel Boat
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Bay Boats Demand Share Forecast, 2019-2026
11. Europe Bay Boats Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Bay Boats Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Bay Boats Market Size and Volume Forecast by Application
11.4.1. Personal
11.4.2. Commercial
11.4.3. Lease
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Bay Boats Market Size and Volume Forecast by Type
11.7.1. Hybrid Boat
11.7.2. Fuel Boat
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.103. By Application
11.10.4. By Sales Channel
11.11. Europe Bay Boats Demand Share, 2019-2026
12. Asia Pacific Bay Boats Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Bay Boats Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Bay Boats Market Size and Volume Forecast by Application
12.4.1. Personal
12.4.2. Commercial
12.4.3. Lease
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Bay Boats Market Size and Volume Forecast by Type
12.7.1. Hybrid Boat
12.7.2. Fuel Boat
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Bay Boats Demand Share, 2019-2026
13. Middle East & Africa Bay Boats Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Bay Boats Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Bay Boats Market Size and Volume Forecast by Application
13.4.1. Personal
13.4.2. Commercial
13.4.3. Lease
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Bay Boats Market Size and Volume Forecast by Type
13.7.1. Hybrid Boat
13.7.2. Fuel Boat
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Bay Boats Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Bay Boats Market: Market Share Analysis
14.2. Bay Boats Distributors and Customers
14.3. Bay Boats Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Aggresor
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Alweld Boats
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bass Cat
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bluewater Sportfishing Boats
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Carolina Skiff
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Concept Boats
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Crevalle Boats
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. EdgeWater Power Boats
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Grady-White Boats
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hewes Boats
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Lowe Boats
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. MAKO
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Maverick Boat Company, Inc.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Ranger Boats
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Reef Runner Boats
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Robalo Boats
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Sailfish Boats
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Scout Boats
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Skeeter Boats
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Sportsman
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
