Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Rigid Inflatable Boats Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Rigid Inflatable Boats Market Growth?
The market size of rigid inflatable boats has seen significant growth in the past few years. The market, which was valued at $1.46 billion in 2024, is projected to increase to $1.55 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%.
What Is the Predicted Industry Size and CAGR of the Rigid Inflatable Boats Market in 2029?
The rigid inflatable boats market is projected to grow to $2.07 billion by 2029, with a compound annual growth rate (CAGR) of 7.4%.
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Which Factors Are Driving Growth in the Rigid Inflatable Boats Market?
The key drivers in the rigid inflatable boats market are:
• Integration of smart technology in the rigid inflatable boats
• Expansion of fishing and diving activities using these boats
• Rising maritime security needs demanding more rigid inflatable boats
• Development of hybrid propulsion in the rigid inflatable boats sector
Which Segment Trends Are Covered in the Rigid Inflatable Boats Market Forecast?
The rigid inflatable boats market covered in this report is segmented –
1) By Boat Type: Flying Inflatable Boat(FIB), Foldable Rigid Inflatable Boat(FRIB), Amphibious Rigid Inflatable Boat(Amphibious RIB), Other Boat Types
2) By Hull Type: Aluminum, Fiberglass
3) By Propulsion Type: Outboard, Inboard
4) By End Users: Commercial, Military, Rescue, Other Applications
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What Are the Current Market Trends in the Rigid Inflatable Boats Industry?
The key trends in the rigid inflatable boats market are:
• Integration of smart technology into rigid inflatable boats is emerging as a prominent trend.
• There is a rising trend of adapting to adventure cruising with these boats.
• Eco-friendly and sustainable practices in boat manufacturing are becoming more popular.
• The market is leaning towards more compact, portable models and high-performance racing ribs.
Who are the Key Companies in the Rigid Inflatable Boats Market?
Major players in the rigid inflatable boats market are:
• Mercury Marine
• Damen Holding B.V.
• Damen Shipyards Group
• Vector Ltd.
• ASIS Boats
• Brig Boats
• Zodiac Nautic
• Highfield Boats
• Falcon Inflatables
• Williams Jet Tenders Limited.
• Sealegs International Limited.
• Walker Bay Boats Inc.
• AB Inflatables
• Novurania of America Inc.
• Bombardier Recreational Products
• Tornado Boats
• Ribcraft USA LLC
• Grabner GmbH
• Quicksilver Boats
• Achilles Inflatable Boats
• Maxxon Inflatable Boats
• Grand Marine International
• Avon Marine
• Woosung I.B. Co. Ltd.
• Honwave
• Crompton Marine
What are the Regional Trends Across the Rigid Inflatable Boats Market?
Asia-Pacific was the largest region in the rigid inflatable boat market in 2024, and is expected to be the fastest-growing region in the forecast period
