Market Overview:
The global commercial towables market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for commercial towables from retail stores, supermarkets, and online stores. Additionally, the growing popularity of camping and outdoor activities is also propelling the growth of this market. The global commercial towables market can be segmented on the basis of type into 1-person max, 2-person max, 3-person max, and others. The 1-person max segment is expected to account for a major share of the global commercial towables market during the forecast period owing to its low cost and easy maneuverability.
Product Definition:
Commercial Towables are defined as vehicles or watercraft which are designed to be towed by another vehicle or watercraft. The importance of Commercial Towables is that they provide a means of transportation for people and goods.
1-Person Max:
1-person max is the maximum number of passengers a towable can accommodate. It depends on the type of towing vehicle and its configuration. For instance, in a car, it would depend on whether or not there are two seats behind the steering wheel or four (like in case of an SUV). In any case, one person should be able to sit upright and be comfortable while driving/being transported.
2-Person Max:
2-person max is the maximum number of passengers a towable can accommodate without it being considered a party boat. 2-person max is determined by measuring the length (L) and width (W) of the towable. The formula used to calculate 2-person max is Length x Width / 200 where 200 represents an average passenger capacity for each type of towable such as watercraft, floatation device, or house on wheels.
Application Insights:
The super market segment held the largest share of over 60.0% in 2017. The growth can be attributed to increasing penetration of towables, such as swings and slides, at playgrounds and recreational areas across the globe. Furthermore, growing preference for outdoor activities among parents with children below 6 years of age is expected to boost product demand in this application segment over the forecast period.
Specialty stores are anticipated to witness significant growth owing to rising consumer spending on luxury goods and accessories for homes including furniture, carpets, dĩcor products including curtains and bedding sets that enhance lifestyles. This trend has positively impacted specialty store sales as consumers prefer purchasing these products from specialty stores due to their personalized service offering by expert staff members who can assist customers with advice regarding choices available in different designs & fabrics along with installation services at a preferred time convenient for them which is expected drive towables demand in specialty stores over the forecast period driving overall industry growth during the study period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 6% from 2018 to 2030. This can be attributed to the increasing number of commercial spaces such as offices, hotels, restaurants and malls that are opening their doors for business on weekends and public holidays. As a result, consumers are likely to spend more money during these times rather than having it accumulate in their bank accounts or saving it for some future date when they have more free time at hand.
Asia Pacific is anticipated to grow at the fastest CAGR over the forecast period owing to factors such as developing infrastructure facilities within countries like China and India; rising disposable income especially among middle-class population groups; rapid urbanization resulting from growing industrialization across various sectors including construction industry coupled with government initiatives encouraging investments in hospitality sector by constructing new hotels/resorts/spas etc.
Growth Factors:
- Increasing demand for commercial towables from the hospitality sector as a result of increasing tourism.
- Growing popularity of recreational vehicles (RVs) among young adults, which is driving demand for commercial towables.
- Rising disposable income levels in developing countries is fueling growth in the commercial towables market.
- Proliferation of online platforms that offer rental services for recreational vehicles is aiding market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Towables Market Research Report
By Type
1-Person Max, 2-Person Max, 3-Person Max, Others
By Application
Super Market, Specialty Store, Online Store
By Companies
Jobe Sports, Sevylor, Body Glove, WOW World of Watersports, Commercial Towables, Spinera, MIRAI Boats, Kwik Tek, O'Brien, Full Throttle Water Sports, Stallion Sport, Ron Marks, Sotar
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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Towables Market Report Segments:
The global Commercial Towables market is segmented on the basis of:
Types
1-Person Max, 2-Person Max, 3-Person Max, 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
Super Market, Specialty Store, Online Store
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:
- Jobe Sports
- Sevylor
- Body Glove
- WOW World of Watersports
- Commercial Towables
- Spinera
- MIRAI Boats
- Kwik Tek
- O'Brien
- Full Throttle Water Sports
- Stallion Sport
- Ron Marks
- Sotar
Highlights of The Commercial Towables 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:
- 1-Person Max
- 2-Person Max
- 3-Person Max
- Others
- By Application:
- Super Market
- Specialty Store
- Online Store
- 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 Commercial Towables 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
- Business Expansion Strategies
- 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?
Commercial Towables is a company that manufactures and sells towable boats.
Some of the major players in the commercial towables market are Jobe Sports, Sevylor, Body Glove, WOW World of Watersports, Commercial Towables, Spinera, MIRAI Boats, Kwik Tek, O'Brien, Full Throttle Water Sports, Stallion Sport, Ron Marks, Sotar.
The commercial towables market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Towables 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 Commercial Towables Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Towables 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 Commercial Towables 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 Commercial Towables Market Size & Forecast, 2020-2028
4.5.1 Commercial Towables Market Size and Y-o-Y Growth
4.5.2 Commercial Towables 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 1-Person Max
5.2.2 2-Person Max
5.2.3 3-Person Max
5.2.4 Others
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 Super Market
6.2.2 Specialty Store
6.2.3 Online Store
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Towables 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 Commercial Towables 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 1-Person Max
9.6.2 2-Person Max
9.6.3 3-Person Max
9.6.4 Others
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 Super Market
9.10.2 Specialty Store
9.10.3 Online Store
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 1-Person Max
10.6.2 2-Person Max
10.6.3 3-Person Max
10.6.4 Others
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 Super Market
10.10.2 Specialty Store
10.10.3 Online Store
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 1-Person Max
11.6.2 2-Person Max
11.6.3 3-Person Max
11.6.4 Others
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 Super Market
11.10.2 Specialty Store
11.10.3 Online Store
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 1-Person Max
12.6.2 2-Person Max
12.6.3 3-Person Max
12.6.4 Others
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 Super Market
12.10.2 Specialty Store
12.10.3 Online Store
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 1-Person Max
13.6.2 2-Person Max
13.6.3 3-Person Max
13.6.4 Others
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 Super Market
13.10.2 Specialty Store
13.10.3 Online Store
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 Commercial Towables Market: Competitive Dashboard
14.2 Global Commercial Towables Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jobe Sports
14.3.2 Sevylor
14.3.3 Body Glove
14.3.4 WOW World of Watersports
14.3.5 Commercial Towables
14.3.6 Spinera
14.3.7 MIRAI Boats
14.3.8 Kwik Tek
14.3.9 O'Brien
14.3.10 Full Throttle Water Sports
14.3.11 Stallion Sport
14.3.12 Ron Marks
14.3.13 Sotar
