Global Boat Building And Repairing Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
19 Apr, 2021
The boat building and repairing market consists of sales of boats and boat building and repairing services and related services by entities (organizations, sole traders and partnerships) that operate shipyards or boatyards. Shipyards and boatyards are fixed facilities with drydocks and fabrication equipment capable of building boats, including dinghies, hovercrafts, motorboats, rowboats, yachts, sailboats and inflatable rubber boats.
Global Boat Building And Repairing Market Size And Drivers:
The global boat building and repairing market is expected to grow from $41.09 billion in 2020 to $43.95 billion in 2021 at a compound annual growth rate (CAGR) of 7%. The market is expected to reach $57.11 billion in 2025 at a CAGR of 7%.
Advances in technology are expected to be a continued driver of market growth in the forecast period.
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Trends In The Global Boat Building And Repairing Market
Boat building companies are increasingly using 3D printing technology in the manufacture of boats. 3D printing involves the building of three-dimensional objects using a digital model by laying successive layers of material. 3D printing provides boat manufacturers with advantages such as adjustability, cost reduction and convenience. Manufacturing companies are focusing on new products especially for fishing and water sports. Many high-end yachts are already using 3D printed parts.
Global Boat Building And Repairing Market Segments:
The global boat building and repairing market is further segmented based on type and geography.
By Type: Boat Building, Boat Repairing.
By Geography: The global boat building and repairing market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global boat building and repairing market, accounting for 37% of the total market.
Read More On The Report For The Global Boat Building And Repairing Market At:https://www.thebusinessresearchcompany.com/report/boat-building-and-repairing-global-market-report-2020-30-covid-19-impact-and-recovery
Boat Building And Repairing Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides boat building and repairing market overviews, analyzes and forecasts market size and growth for the global boat building and repairing market, boat building and repairing market share, boat building and repairing market players, boat building and repairing market segments and geographies, boat building and repairing market’s leading competitors’ revenues, profiles and market shares. The boat building and repairing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.