Global Boat Accessories Market by Type (Deck, Collision Bulkhead, Watrtight Transverse Bulkhead, Ship's Side, Engine, Oar), By Application (Civil Boat, Commercial Boat, warship) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The global boat accessories market is projected to reach USD 4.0 billion by 2028 from USD 2.4 billion in 2018, at a CAGR of 10.5% during the forecast period (2021-2028). The key factors driving this growth are increasing demand for leisure activities and rising disposable income globally; increased investment on infrastructure projects, and improved safety standards across the globe.
Boat Accessories Market Size And Share
The global boat accessories market, by type is projected to grow from USD 0.97 billion in 2018 to USD 425 million by 2028 at a CAGR of 12.0% during the forecast period (2021-2028). The demand for deck and engine are highest among all types due to their safety features such as collision bulkhead and watertight transverse bulkhead respectively; these two types account for nearly 92% share of the total revenue globally. In terms of application, the civil and commercial boats accounted for majority share with more than 87% contribution in 2018 owing primarily to increased investments on infrastructure projects across regions including Asia Pacific that has spurred an increase in leisure activities related industries such as cruise industry which contributes significantly towards the growth of overall demand for boat accessories globally.
Asia Pacific is the largest regional market in terms of revenue with more than 38% share and it is estimated to remain dominant during forecast period owing to rapid growth in infrastructure projects across regions such as India, China and Australia that has spurred an increase in leisure activities related industries such as cruise industry which contributes significantly towards the growth of overall demand for boat accessories globally. North America region follows Asia-Pacific closely by accounting for around 29% share due to increased investments on infrastructure projects across regions including Canada, Mexico, US and Caribbean islands etc., which have fueled a rise in demand for recreational boats among people living there. Europe accounted for 21%, Latin America followed closely at 16%. However, Middle East & Africa recorded lowest market share in the global market. Asia Pacific is expected to have fastest growth with CAGR of 12%, with China alone accounting for over 25% demand by 2028 end. The increased investments on infrastructure projects such as ports, waterways etc., has fueled a rise in leisure activities including cruise industry which contributes significantly towards the growth of overall demand for recreational boats among people living there.
On basis of type, demand for Deck accounted for nearly 67% of global boat accessories market.
- Demand from Civil Boat segment exceeded that from Commercial and Military segments with over 38%. The high share of deck type was attributed to the fact that boats are primarily used in leisure activities which require a lot of space on decks such as swimming pools, slides etc., whereas military vessels tend not to have any recreational facilities, hence their preference towards bulkhead types.
- Collision Bulkheads is expected to be fastest growing product in North America at 15%, followed by Europe (13%), Latin America (11%) and Asia Pacific (12%). On basis of application, Marine Industry holds around 74 per cent share globally while other applications account for around 26%. Military expenditure has increased in the recent years to keep up with the modernization process.
- Ship's Sides accounted for 41% share in Europe, followed by Latin America (24%), Asia Pacific (19%) and North America (13%). Collision Bulkheads was largest product type segment of Global Boat Accessories Market which exceeded that from Commercial and Military segments with over 38%. The high share of deck type was attributed to the fact that boats are primarily used in leisure activities which require a lot of space on decks such as swimming pools, slides etc., whereas military vessels tend not to have any recreational facilities, hence their preference towards bulkhead types.
Report Scope
Report Attributes | Report Details |
Report Title | Boat Accessories Market Research Report |
By Type | Deck, Collision Bulkhead, Watrtight Transverse Bulkhead, Ship's Side, Engine, Oar |
By Application | Civil Boat, Commercial Boat, warship |
By Companies | Thormarine, IMS Groups, Railway Specialties, Ocean Group, Remontowa Hydraulic Systems, Westmoor Engineering, Baier Marine, Pacific Coast Marine, Van Dam, AdvanTec Marine, Juniper Industries, MML Marine |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 232 |
Number of Tables & Figures | 163 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Boat Accessories Market Report Segments:
The market is segmented by Type Deck, Collision Bulkhead, Watrtight Transverse Bulkhead, Ship's Side, Engine, Oar and By Application Civil Boat, Commercial Boat, warship.
Some of the companies that are profiled in this report are:
- Thormarine
- IMS Groups
- Railway Specialties
- Ocean Group
- Remontowa Hydraulic Systems
- Westmoor Engineering
- Baier Marine
- Pacific Coast Marine
- Van Dam
- AdvanTec Marine
- Juniper Industries
- MML Marine
Boat Accessories Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Boat Accessories Market
Overview of the regional outlook of the Boat Accessories Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Boat Accessories Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Boat Accessories Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Deck
2. Collision Bulkhead
3. Watrtight Transverse Bulkhead
4. Ship's Side
5. Engine
6. Oar
7. By Application:1. Civil Boat
2. Commercial Boat
3. warship
- 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 Boat Accessories 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 2028.
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
Reasons to Purchase the Boat Accessories Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Boat Accessories Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Boat Accessories Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Boat Accessories Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Boat Accessories Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Boat Accessories Market Size & Forecast, 2018-2028
4.5.1 Boat Accessories Market Size and Y-o-Y Growth
4.5.2 Boat Accessories Market Absolute $ Opportunity
Chapter 5 Global Boat Accessories Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Boat Accessories Market Size Forecast by Type
5.2.1 Deck
5.2.2 Collision Bulkhead
5.2.3 Watrtight Transverse Bulkhead
5.2.4 Ship's Side
5.2.5 Engine
5.2.6 Oar
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Boat Accessories Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Boat Accessories Market Size Forecast by Applications
6.2.1 Civil Boat
6.2.2 Commercial Boat
6.2.3 warship
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Boat Accessories Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Boat Accessories Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Boat Accessories Analysis and Forecast
9.1 Introduction
9.2 North America Boat Accessories Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Boat Accessories Market Size Forecast by Type
9.6.1 Deck
9.6.2 Collision Bulkhead
9.6.3 Watrtight Transverse Bulkhead
9.6.4 Ship's Side
9.6.5 Engine
9.6.6 Oar
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Boat Accessories Market Size Forecast by Applications
9.10.1 Civil Boat
9.10.2 Commercial Boat
9.10.3 warship
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Boat Accessories Analysis and Forecast
10.1 Introduction
10.2 Europe Boat Accessories Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Boat Accessories Market Size Forecast by Type
10.6.1 Deck
10.6.2 Collision Bulkhead
10.6.3 Watrtight Transverse Bulkhead
10.6.4 Ship's Side
10.6.5 Engine
10.6.6 Oar
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Boat Accessories Market Size Forecast by Applications
10.10.1 Civil Boat
10.10.2 Commercial Boat
10.10.3 warship
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Boat Accessories Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Boat Accessories Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Boat Accessories Market Size Forecast by Type
11.6.1 Deck
11.6.2 Collision Bulkhead
11.6.3 Watrtight Transverse Bulkhead
11.6.4 Ship's Side
11.6.5 Engine
11.6.6 Oar
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Boat Accessories Market Size Forecast by Applications
11.10.1 Civil Boat
11.10.2 Commercial Boat
11.10.3 warship
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Boat Accessories Analysis and Forecast
12.1 Introduction
12.2 Latin America Boat Accessories Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Boat Accessories Market Size Forecast by Type
12.6.1 Deck
12.6.2 Collision Bulkhead
12.6.3 Watrtight Transverse Bulkhead
12.6.4 Ship's Side
12.6.5 Engine
12.6.6 Oar
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Boat Accessories Market Size Forecast by Applications
12.10.1 Civil Boat
12.10.2 Commercial Boat
12.10.3 warship
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Boat Accessories Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Boat Accessories Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Boat Accessories Market Size Forecast by Type
13.6.1 Deck
13.6.2 Collision Bulkhead
13.6.3 Watrtight Transverse Bulkhead
13.6.4 Ship's Side
13.6.5 Engine
13.6.6 Oar
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Boat Accessories Market Size Forecast by Applications
13.10.1 Civil Boat
13.10.2 Commercial Boat
13.10.3 warship
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Boat Accessories Market: Competitive Dashboard
14.2 Global Boat Accessories Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thormarine
14.3.2 IMS Groups
14.3.3 Railway Specialties
14.3.4 Ocean Group
14.3.5 Remontowa Hydraulic Systems
14.3.6 Westmoor Engineering
14.3.7 Baier Marine
14.3.8 Pacific Coast Marine
14.3.9 Van Dam
14.3.10 AdvanTec Marine
14.3.11 Juniper Industries
14.3.12 MML Marine