Market Overview:
The global boat water-jet drives market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for boats and ships across the globe. Additionally, the growing popularity of water sports is also contributing to the growth of this market. The global boat water-jet drives market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into low-power drives, medium-power drives, and high-power drives. Low-power drive systems are used in small boats that have a displacement up to 10 tons whereas high power drive systems are used in larger boats with displacement more than 10 tons.
Product Definition:
A boat water-jet drive is a propulsion system for boats that uses a jet of water to push the boat forward. This type of drive is very efficient and can create a lot of thrust, which makes it perfect for larger boats. Boat water-jet drives are also very easy to use and maintain, making them a popular choice for many boaters.
Low-Power Drives:
Low-power drives are also known as electric motors, which are used to convert the boat's engine's power to drive the propeller. They constitute a significant share of marine propulsion systems and their growth factor can be attributed to increase in demand for high-efficiency engines that require less fuel.
The market is driven by factors such as growing environmental concerns regarding fuel emissions coupled with stringent government regulations on reducing carbon footprint.
Medium-Power Drives:
Medium-power drives are used in water-jet drives to provide high torque at low speeds. They are primarily used for the reduction of surging and help in maintaining optimum efficiency throughout the range of operating conditions.
The selection of medium power drive is based on several factors such as desired output speed, jet size, pressure requirement, flow rate through a particular system etc.
Application Insights:
The boats application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The rising demand for water-jet drives as an alternative to conventional engines is attributed to their ability to provide clean, fresh and odorless water on board without the need for additional filters or tanks. These units also have a compact design which makes them ideal for small yachts or motorboats with limited space available below deck.
The ships application segment accounted for more than 40% of the overall revenue share in 2017 owing to growing demand from cruise liners, ferries and cargo ships among others that require large volumes of water on a daily basis without havingto stop frequently along with providing purified drinkingwater through taps all over shipboard areas such as restaurants, swimming pools & spas, crew quarters etcetera.
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 rising demand for high-performance water-jet drives from countries, such as China, Japan, South Korea, and India. Asia Pacific is also one of the prominent manufacturing hubs for recreational marine products owing to growing middle class population along with increasing disposable income levels in developing economies including China and India.
The European region accounted for a significant share of revenue in 2017 owing to rapid technological advancements across several industries coupled with increased focus on fuel economy across all types of vehicles including boats as well as ships. Europe has some strict regulations regarding energy consumption that needs special attention while designing efficient machines that consume less power while delivering same results efficiently within given time frames are considered vital by designers operating within this region.
Growth Factors:
- Increasing demand for luxury boats
- Growing popularity of water sports
- Rising disposable income of consumers
- Technological advancements in boat water-jet drives market
- Growing number of recreational boating enthusiasts
Scope Of The Report
Report Attributes
Report Details
Report Title
Boat Water-Jet Drives Market Research Report
By Type
Low-Power Drives, Medium-Power Drives, High-Power Drives
By Application
Boats, Ships
By Companies
HamiltonJet, Marine Jet Power, Castoldi, Textron Motors, Scott, Thrustmaster of Texas, DOEN PACIFIC, NAMJet, Nanjing Lanling Environmental Technology, Wuxi Hightech Machinery
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Boat Water-Jet Drives Market Report Segments:
The global Boat Water-Jet Drives market is segmented on the basis of:
Types
Low-Power Drives, Medium-Power Drives, High-Power Drives
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
Boats, Ships
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:
- HamiltonJet
- Marine Jet Power
- Castoldi
- Textron Motors
- Scott
- Thrustmaster of Texas
- DOEN PACIFIC
- NAMJet
- Nanjing Lanling Environmental Technology
- Wuxi Hightech Machinery
Highlights of The Boat Water-Jet Drives 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:
- Low-Power Drives
- Medium-Power Drives
- High-Power Drives
- By Application:
- Boats
- Ships
- 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 Boat Water-Jet Drives 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
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- Product & Brand Management
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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?
Boat water-jet drives are a type of propulsion system that uses a stream of pressurized water to power an engine. The system is typically installed on boats that need to travel through shallow waters or over obstacles such as rocks.
Some of the key players operating in the boat water-jet drives market are HamiltonJet, Marine Jet Power, Castoldi, Textron Motors, Scott, Thrustmaster of Texas, DOEN PACIFIC, NAMJet, Nanjing Lanling Environmental Technology, Wuxi Hightech Machinery.
The boat water-jet drives market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Boat Water-Jet Drives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Boat Water-Jet Drives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Boat Water-Jet Drives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Boat Water-Jet Drives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Boat Water-Jet Drives Market Size & Forecast, 2020-2028
4.5.1 Boat Water-Jet Drives Market Size and Y-o-Y Growth
4.5.2 Boat Water-Jet Drives Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Low-Power Drives
5.2.2 Medium-Power Drives
5.2.3 High-Power Drives
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Boats
6.2.2 Ships
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Boat Water-Jet Drives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Boat Water-Jet Drives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Low-Power Drives
9.6.2 Medium-Power Drives
9.6.3 High-Power Drives
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Boats
9.10.2 Ships
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Low-Power Drives
10.6.2 Medium-Power Drives
10.6.3 High-Power Drives
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Boats
10.10.2 Ships
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Low-Power Drives
11.6.2 Medium-Power Drives
11.6.3 High-Power Drives
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Boats
11.10.2 Ships
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Low-Power Drives
12.6.2 Medium-Power Drives
12.6.3 High-Power Drives
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Boats
12.10.2 Ships
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Low-Power Drives
13.6.2 Medium-Power Drives
13.6.3 High-Power Drives
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Boats
13.10.2 Ships
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Boat Water-Jet Drives Market: Competitive Dashboard
14.2 Global Boat Water-Jet Drives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HamiltonJet
14.3.2 Marine Jet Power
14.3.3 Castoldi
14.3.4 Textron Motors
14.3.5 Scott
14.3.6 Thrustmaster of Texas
14.3.7 DOEN PACIFIC
14.3.8 NAMJet
14.3.9 Nanjing Lanling Environmental Technology
14.3.10 Wuxi Hightech Machinery
