Market Overview:
The global reefing systems 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 sailboats and rising awareness about the benefits of using reefing systems. The global reefing systems market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into manual reefing systems and automatic reefing systems. Automatic reefing systems are further sub-segmented into electric/hydraulic powered Reefers and self-tailing winches with electric or hydraulic power packs. On the basis of application, the market is segmented into power sailboats and non-powered sailboats. Non-powered sailboats are further sub-segmented into dinghies, yachts, catamarans etc., while power sailboats are further sub-segmented into monohulls and multihulls boats/yachts etc. Geographically,the global Reefer systemmarketis dividedinto five regions: North America (U.S., Canada), Latin America (Mexico), Europe (Germany France Italy Spain U K Rest Of Europe), Asia Pacific(China India Japan South Korea ASEAN Rest Of Asia Pacific)and Middle East & Africa(GCC Countries Israel South Africa Rest Of Middle East &Africa).
Product Definition:
Reefing systems are used to reduce the area of a sail in strong winds, preventing it from overpowering the boat. Reefing systems can be as simple as a series of ties that allow part of the sail to be rolled up and secured, or they can be more complex mechanisms involving halyards and winches. The importance of reefing systems is that they allow sailors to safely adjust their sails in response to changing wind conditions, without having to stop sailing altogether.
Manual Reefing Systems:
Reefing systems are used to increase the height of a vessel and thereby improve its speed. Reefs can be manually operated or automatically operated based on certain conditions. In manual reefing, the reef is raised by pumping water from belowdecks through ballast tanks and then back into the hold through deck outlets using valves.
Automatic Reefing Systems:
Automatic Reefing Systems are used in reef systems to reduce the stress on the crew and increase safety at sea. It is a mechanical device that helps to regulate and control the speed of a sailing vessel by reducing its height above water. The system consists of an automated control system, which controls two or more masts mounted with jibs or spinnakers, which lowers down into the wind when commanded by lowering mechanism thus reducing sail area and increasing speed.
Application Insights:
The power sailboat application segment accounted for the largest revenue share of over 30% in 2017. The growth is attributed to the rising demand for high performance and luxury boats across recreational, racing and commercial applications. Power sailboats are also known as motor Sailboats or sailing vessels with engines that have a maximum hull speed of more than 25 knots. These boats require minimal crewmember input during sailing which enables an owner to earn a substantial amount of money by renting out his yacht on a daily basis basis.
Non-powered sailboat application segment is expected to witness significant growth over the forecast period owing to increasing consumer preference for non-powered vessels due largely without doubt to their affordability coupled with ease of operation.
Regional Analysis:
Asia Pacific dominated the global reefing systems market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of manufacturers, which makes it an attractive regional market for yacht owners. Additionally, countries such as China and Japan are manufacturing power-driven sailboats at low costs, thereby making them affordable for common mass. These factors are anticipated to drive demand in Asia Pacific over the forecast period.
North America is projected to grow significantly during the forecast years owing to increasing popularity of recreational boating activities among U.S.-based citizens along with rising disposable income levels in Canada and Mexico coupled with growing leisure lifestyle trends among middle class population groups thereon resulting into higher demand for recreational marine products including reefing systems during future time frames from 2018 to 2030 (USD X = INR 66.7).
Growth Factors:
- Increasing demand for seafood: The global population is growing and with it the demand for seafood. According to the Food and Agriculture Organization of the United Nations, global per capita fish consumption has increased from 9 kg in 1961 to 20 kg in 2014. This trend is expected to continue, driving growth in the reefing systems market.
- Rising awareness of health benefits of seafood: Consumers are increasingly aware of the health benefits of eating seafood, including its high protein content and omega-3 fatty acids. This is driving demand for healthier alternatives to meat, such as fish and shellfish, boosting growth in the reefing systems market.
- Urbanization and changing dietary habits: As more people move into cities, they are adopting new dietary habits that include eating more seafood. In addition, consumers are becoming more interested in trying different types of seafood than they were previously exposed to through traditional media sources such as television or magazines .This is helping drive growth in the reefing systems market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Reefing Systems Market Research Report
By Type
Manual Reefing Systems, Automatic Reefing Systems
By Application
Power Sailboat, Non-powered Sailboat
By Companies
BARTELS, THE RIGGING COMPANY, Profurl, Barton Marine Equipment Limited, Harken, Cruising Design International (CDI), Sparcraft
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Reefing Systems Market Report Segments:
The global Reefing Systems market is segmented on the basis of:
Types
Manual Reefing Systems, Automatic Reefing Systems
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
Power Sailboat, Non-powered Sailboat
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:
- BARTELS
- THE RIGGING COMPANY
- Profurl
- Barton Marine Equipment Limited
- Harken
- Cruising Design International (CDI)
- Sparcraft
Highlights of The Reefing Systems 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:
- Manual Reefing Systems
- Automatic Reefing Systems
- By Application:
- Power Sailboat
- Non-powered Sailboat
- 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 Reefing Systems 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.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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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?
Some of the major players in the reefing systems market are BARTELS, THE RIGGING COMPANY, Profurl, Barton Marine Equipment Limited, Harken, Cruising Design International (CDI), Sparcraft.
The reefing systems market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Reefing Systems 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. Reefing Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Reefing Systems Market - Supply Chain
4.5. Global Reefing Systems Market Forecast
4.5.1. Reefing Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Reefing Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Reefing Systems Market Absolute $ Opportunity
5. Global Reefing Systems 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. Reefing Systems Market Size and Volume Forecast by Type
5.3.1. Manual Reefing Systems
5.3.2. Automatic Reefing Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Reefing Systems 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. Reefing Systems Market Size and Volume Forecast by Application
6.3.1. Power Sailboat
6.3.2. Non-powered Sailboat
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Reefing Systems 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. Reefing Systems 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 Reefing Systems 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. Reefing Systems 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 Reefing Systems Demand Share Forecast, 2019-2026
9. North America Reefing Systems 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 Reefing Systems 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 Reefing Systems Market Size and Volume Forecast by Application
9.4.1. Power Sailboat
9.4.2. Non-powered Sailboat
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Reefing Systems Market Size and Volume Forecast by Type
9.7.1. Manual Reefing Systems
9.7.2. Automatic Reefing Systems
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 Reefing Systems Demand Share Forecast, 2019-2026
10. Latin America Reefing Systems 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 Reefing Systems 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 Reefing Systems Market Size and Volume Forecast by Application
10.4.1. Power Sailboat
10.4.2. Non-powered Sailboat
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Reefing Systems Market Size and Volume Forecast by Type
10.7.1. Manual Reefing Systems
10.7.2. Automatic Reefing Systems
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 Reefing Systems Demand Share Forecast, 2019-2026
11. Europe Reefing Systems 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 Reefing Systems 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 Reefing Systems Market Size and Volume Forecast by Application
11.4.1. Power Sailboat
11.4.2. Non-powered Sailboat
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Reefing Systems Market Size and Volume Forecast by Type
11.7.1. Manual Reefing Systems
11.7.2. Automatic Reefing Systems
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
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Reefing Systems Demand Share, 2019-2026
12. Asia Pacific Reefing Systems 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 Reefing Systems 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 Reefing Systems Market Size and Volume Forecast by Application
12.4.1. Power Sailboat
12.4.2. Non-powered Sailboat
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Reefing Systems Market Size and Volume Forecast by Type
12.7.1. Manual Reefing Systems
12.7.2. Automatic Reefing Systems
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 Reefing Systems Demand Share, 2019-2026
13. Middle East & Africa Reefing Systems 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 Reefing Systems 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 Reefing Systems Market Size and Volume Forecast by Application
13.4.1. Power Sailboat
13.4.2. Non-powered Sailboat
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Reefing Systems Market Size and Volume Forecast by Type
13.7.1. Manual Reefing Systems
13.7.2. Automatic Reefing Systems
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 Reefing Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Reefing Systems Market: Market Share Analysis
14.2. Reefing Systems Distributors and Customers
14.3. Reefing Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BARTELS
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. THE RIGGING COMPANY
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Profurl
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Barton Marine Equipment Limited
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Harken
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cruising Design International (CDI)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sparcraft
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook