Market Overview:
The global utility boats market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for utility boats for search and rescue operations, recreational activities, and others applications. In addition, the growing popularity of outboard motor-powered utility boats is also propelling the growth of this market. However, environmental concerns related to boat emissions may hamper the growth of this market in some regions during the forecast period. The global utility boats market can be segmented on the basis of type into inboard motorboats and outboard motorboats. Outboard motorboats are expected to witness higher growth than inboard motorboats during the forecast period owing to their low cost and easy maneuverability. On the basis of application,the global Utility Boats Market can be segmented into search & rescue operations, recreational activities such as fishing or sailing, transportation & logistics services etc., law enforcement & security services etc., and others applications including firefighting etc.. Geographically speaking, North America dominates thee Global Utility Boats Market followed by Europeand Asia Pacific respectively .
Product Definition:
A utility boat is a small, usually open boat that is used for a variety of purposes, such as fishing, hunting, or transporting people or goods. Utility boats are important because they provide an easy and affordable way to get around on water.
Inboard Motor:
Inboard motors are used in utility boats to provide forward and reverse propulsion. They are also used for steering the boat. Inboard motors have a significant demand in the market owing to its benefits such as compact design, less noise & vibration, low maintenance cost and fuel consumption etc.
The global inboard motor market is expected to witness growth over the forecast period on account of increasing demand from anglers who prefer Utility Boats with Inboards (IB) for fishing purposes.
Outboard Motor:
Outboard motors are used in utility boats for propulsion. They can be categorized as outboard engines, which are mounted on the rear of the boat and inboard motors, which are placed inside the hull. Outboards have a propeller or a screw that is driven by an electric motor or by manual power through oars. Inboards have an engine that is drove by fuel (generally gasoline) and has one or more propellers to provide forward motion.
Application Insights:
The utility boats market is segmented by application into search and rescue, other applications including law enforcement, firefighting and marine transportation are also included in this segment. The other applications segment held the largest share of over 50% in 2017. Utility boats are widely used for various purposes such as patrolling, fire-fighting, maritime security and others across the globe owing to their ability to perform tasks that larger vessels cannot do.
The Latin America region is expected to witness significant growth over the forecast period owing to increasing migration activities from Central American countries such as El Salvador, Guatemala and Honduras among others which has resulted in an increased demand for patrol craft capable of carrying more people safely at a time through watery routes where human trafficking occurs frequently. These factors are anticipated to boost product demand during the forecast period in this region significantly resulting in high utility boat sales throughout Latin America eventually driving overall industry growth globally over the next eight years or so.
Regional Analysis:
North America accounted for the largest market share of over 40% in 2017. The region is expected to continue its dominance over the forecast period as well, owing to factors such as increasing offshore oil and gas exploration activities, rising marine tourism industry, and growing recreational boating sector. Moreover, presence of prominent manufacturers in this region will further boost the utility boats demand.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rapid development taking place in economies including China and India. In addition, government initiatives encouraging water transportation are also expected favorably impact utility boat demand during future years. For instance; Government of India has planned a National Waterway Network which includes riverside roads on waterways across country that would provide an effective transport alternative for road traffic at a relatively lower cost than road building projects along inland waterways corridors thus boosting regional growth prospects significantly over next few years.
Growth Factors:
- Increasing demand for utility boats in the commercial sector for transportation and dredging activities
- Growing popularity of recreational utility boats among leisure boaters
- Proliferation of boat dealers and manufacturers across the globe
- Rising investment in R&D to develop new and innovative utility boat models
- Government initiatives to promote maritime tourism and increase the adoption of utility boats
Scope Of The Report
Report Attributes
Report Details
Report Title
Utility Boats Market Research Report
By Type
Inboard Motor, Outboard Motor
By Application
Search, Rescue, Others
By Companies
ASIS Boat, S-Ribs, Izmir Shipyard, DOC Marine, Stormer Marine, Rupert Marine, Sealver, Larsen, AB Inflatables, Starcraft, Ufast
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Utility Boats Market Report Segments:
The global Utility Boats market is segmented on the basis of:
Types
Inboard Motor, Outboard Motor
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
Search, Rescue, Others
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:
- ASIS Boat
- S-Ribs
- Izmir Shipyard
- DOC Marine
- Stormer Marine
- Rupert Marine
- Sealver
- Larsen
- AB Inflatables
- Starcraft
- Ufast
Highlights of The Utility 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:
- Inboard Motor
- Outboard Motor
- By Application:
- Search
- Rescue
- Others
- 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 Utility 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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- 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?
Utility boats are typically smaller, faster vessels that are used for a variety of purposes including fishing, water sports, and transportation.
Some of the major companies in the utility boats market are ASIS Boat, S-Ribs, Izmir Shipyard, DOC Marine, Stormer Marine, Rupert Marine, Sealver, Larsen, AB Inflatables, Starcraft, Ufast.
The utility boats market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Utility 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. Utility Boats Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Utility Boats Market - Supply Chain
4.5. Global Utility Boats Market Forecast
4.5.1. Utility Boats Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Utility Boats Market Size (000 Units) and Y-o-Y Growth
4.5.3. Utility Boats Market Absolute $ Opportunity
5. Global Utility 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. Utility Boats Market Size and Volume Forecast by Type
5.3.1. Inboard Motor
5.3.2. Outboard Motor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Utility 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. Utility Boats Market Size and Volume Forecast by Application
6.3.1. Search
6.3.2. Rescue
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Utility 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. Utility 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 Utility 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. Utility 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 Utility Boats Demand Share Forecast, 2019-2026
9. North America Utility 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 Utility 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 Utility Boats Market Size and Volume Forecast by Application
9.4.1. Search
9.4.2. Rescue
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Utility Boats Market Size and Volume Forecast by Type
9.7.1. Inboard Motor
9.7.2. Outboard Motor
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 Utility Boats Demand Share Forecast, 2019-2026
10. Latin America Utility 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 Utility 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 Utility Boats Market Size and Volume Forecast by Application
10.4.1. Search
10.4.2. Rescue
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Utility Boats Market Size and Volume Forecast by Type
10.7.1. Inboard Motor
10.7.2. Outboard Motor
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 Utility Boats Demand Share Forecast, 2019-2026
11. Europe Utility 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 Utility 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 Utility Boats Market Size and Volume Forecast by Application
11.4.1. Search
11.4.2. Rescue
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Utility Boats Market Size and Volume Forecast by Type
11.7.1. Inboard Motor
11.7.2. Outboard Motor
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. y Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Utility Boats Demand Share, 2019-2026
12. Asia Pacific Utility 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 Utility 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 Utility Boats Market Size and Volume Forecast by Application
12.4.1. Search
12.4.2. Rescue
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Utility Boats Market Size and Volume Forecast by Type
12.7.1. Inboard Motor
12.7.2. Outboard Motor
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 Utility Boats Demand Share, 2019-2026
13. Middle East & Africa Utility 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 Utility 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 Utility Boats Market Size and Volume Forecast by Application
13.4.1. Search
13.4.2. Rescue
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Utility Boats Market Size and Volume Forecast by Type
13.7.1. Inboard Motor
13.7.2. Outboard Motor
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 Utility Boats Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Utility Boats Market: Market Share Analysis
14.2. Utility Boats Distributors and Customers
14.3. Utility Boats Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ASIS Boat
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. S-Ribs
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Izmir Shipyard
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DOC Marine
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Stormer Marine
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Rupert Marine
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sealver
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Larsen
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. AB Inflatables
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Starcraft
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ufast
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
