Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Reefing Systems Market by Type (Manual Reefing Systems, Automatic Reefing Systems), By Application (Power Sailboat, Non-powered Sailboat) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Reefing Systems Market by Type (Manual Reefing Systems, Automatic Reefing Systems), By Application (Power Sailboat, Non-powered Sailboat) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 209737 3300 Machinery & Equipment 377 248 Pages 4.7 (45)
                                          

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).


Global Reefing Systems Industry Outlook


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:

  1. BARTELS
  2. THE RIGGING COMPANY
  3. Profurl
  4. Barton Marine Equipment Limited
  5. Harken
  6. Cruising Design International (CDI)
  7. Sparcraft

Global Reefing Systems Market Overview


Highlights of The Reefing Systems Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Manual Reefing Systems
    2. Automatic Reefing Systems
  1. By Application:

    1. Power Sailboat
    2. Non-powered Sailboat
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

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

Global Reefing Systems Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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