Self-sailing boats establishments manufacture and repairs dinghies, hovercrafts, motorboats, rowboats, yachts, sailboats and inflatable rubber boats. Boats are small to mid-sized vessels with much lower carrying capacity than a ship. They are much easier to build with fewer machines and design complexities. Boats are operated in small or restricted water areas and are mainly used for recreational purposes, fishing, ferrying people or plying in areas near to the coast. Boats can be propelled by sails, motor or human force.
The global boat building and repairing market was valued at $54.9 billion in 2017. Asia Pacific was the largest geographic region accounting for $30 billion or 54.8% of the global market. And China was the largest country accounting for $17 billion or 31% of the global boat building and repairing market.
Self-sailing boats are a new trend in the boat building and repairing industry. Software of self-sailing boats allow these boats to independently move from point-to-point, avoiding obstacles and working with other boats along the way. Boat building companies are getting ready to build self-sailing boats and ships for commercial purpose using robotics technology. Roboat, a project by researchers from MIT, Delft University of Technology and Wageningen University and Research to build a fleet of autonomous canal-going vessels is investing in building day vessels.
Companies Covered: Brunswick Corporation, Riviera Australia, Holyhead Boatyard Ltd., Ancasta International Boat Sales Ltd., Survitec Survival Craft Ltd.
Market Segments Included: Military Boat Building Repairing; Commercial Boat Building Repairing
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