The Global Marina Market Size is growing at a CAGR of 5.3% in 2021-2028. The global marina market has been segmented by type, application, and region on the basis of the forecast period (2021- 2028). North America is expected to dominate the global marina industry with an estimated share of 39%. Marinas are a popular spot for boaters and fishers to dock their vessels.
A marina is an area where boats are stored and maintained. Marinas range in size from small boat storage to large full-service facilities. They can be stand-alone or part of hotels, resorts, amusement parks, and other tourist destinations.
A marina is a perfect place for boaters, fishers, those who own luxury yachts as well as water sports enthusiasts to dock their vessels when they need repairs done on them or want to stay somewhere new for a few days. The needs vary depending on what type of vessel one has so there’s no such thing as ‘one size fits all which makes it important that each individual have access to information about different types of services offered at the marina so they can make a well-informed decision.
On the basis of Types, the market is segmented into small boat storage, medium-size boats, and large vessels.
These are usually found in coastal towns or tourist locations that have a population below 100000 people. The facilities offered at these types of sites may be limited to boat slips for day rental only with no dry dock storage available either.
Small marinas are for smaller boats that usually don’t exceed 25 feet in length. These marinas offer repairs and storage, fuel stations with boat dealerships nearby to ensure that all needs of small boaters can be met easily.
Medium size boats benefit from the services offered by both large as well as small family fisheries which makes these a popular destination for fishers who want more than just one type of service at their disposal over an extended period of time. These sizes range between 40 feet to 100 feet long but some vessels may extend beyond this limit if they need repair or dry dock space too.
The service providers at these marinas are usually knowledgeable about the latest trends in fishing and they have a wide variety of boats available for sale, renting, or repair depending on what is needed by boaters. Medium size marina services are not limited to just fishers as families who want to charter their own vessel can also benefit from this type of facility where you will find these vessels along with various other types like speedboats, catamarans, and yachts too.
Large marinas are usually found in places like fishing villages, tourist towns, or busy ports. They provide a variety of marine services for boaters and an opportunity to refuel the vessel. Slips at these facilities can be rented by day or month with prices varying depending on what type of boat you need docking space for. Also available is dry dock storage which some vessels may extend beyond this limit if they need repair or dry dock space too. Services provided include refueling station, slip rentals, security onsite along a boat dealer.
On the basis of Application, the market is segmented into fishing marinas, pleasure marinas, commercial marina, and military.
Marinas are the most important equipment for fishermen. There is a huge variety of types, sizes, and locations available in today's market to meet different needs. Fishermen can choose from small-capacity marinas or large-capacity ones that have multiple berths with dockside power supply, boat storage space, and an automated ramp operation. They also need to decide whether they want floating or fixed moorings as well as tidal ranges and depths at which their boats will be moored up outside of high water levels (around 50 feet). The majority of these facilities offer depth measurements so it is easier to plan ahead what type of vessel may suit them best before any investment decisions are made.
Marinas are used as a destination for pleasure boaters. The marina provides access to various services, such as fueling and washing boats, buying bait or fuel, dumping sewage and garbage, receiving mail and packages from the post office, or purchasing lunch at a restaurant. For vessels that are too large to be hauled out of the water on their own (which is most powerboats), they may also provide dry storage or launch facilities.
Marinas are a popular backdrop for local commercials. They provide an interesting and beautiful background to establish the setting of the commercial, with plenty of space for filming boats or other watercraft in action. Marinas that offer docking services can make it easy to find this type of location, but if not there are still ways to use their dock as a stand-in.
There is a strong correlation between the presence of military bases and the number of marinas in that area. In many countries, naval forces are one of their major armed services. Hence there will be an increased need for these facilities to maintain ships and other watercraft as well as provide recreational activities for service members stationed near them.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
North American marinas are mostly located in coastal areas as well as inland waterways like lakes and rivers. The US is one of the major contributors in this region due to its sheer size. However, it also faces stiff competition from Canada which has a comparably larger coastline than any other country in North America with respect to both length (6577 km) and width (1814 km). Marinas can be found all over Central and South American countries. These include the Panama Canal Zone; some of these facilities offer excellent services such as restaurants that provide local cuisine alongside diverse European dishes for tourists visiting from abroad or locals looking for new dining experiences within their own country.
There are a number of factors that have been driving the growth in this market. The most prominent are population size and urbanization rates, with both being positively correlated to demand for marinas. Other factors that will continue to fuel this industry include sea-level rise due to climate change and an increase in tourism along coastlines from coastal resorts such as Dubai; these developments would lead to an increased need for marine services like boat docks and transport routes.
Another factor is the increasing need for offshore oil production. Offshore oil platforms require marinas, which in turn creates more jobs and demand for these boats. In recent years there have been new drilling technologies that are leading to higher usage of offshore rigs.
The growth factors of this market can also be seen from an individual perspective- boating enthusiasts enjoy traveling great distances while staying dry through their vessel\'s watertight hull and they want convenient access to amenities like fuel stations. These types of people will drive demand along coastlines where most residents live near bodies of fresh or salty water such as Miami, Florida; Seattle, Washington; Los Angeles County, California; Tokyo Metropolitan Area (Tokyo Metropolis), Japan.
Up Market Research published a new report titled “Marinas Market research report which is segmented by Types (Small, Medium, Large), By Applications (Pleasure Marinas, Fishing Marinas, Commercial Marinas, Military Marinas), By Players/Companies Willard Marine, South Boats IOW, Fassmer, HiSiBi, Asis Boats, LOMOcean Design, SAFE Boats, Maritime Partner, Sunbird Yacht, FB Design, BCGP, Alutech, Connor Industries, MARINE, PALFINGER”.
|Report Attributes||Report Details|
|Report Title||Marinas Market Research Report|
|By Type||Small, Medium, Large|
|By Application||Pleasure Marinas, Fishing Marinas, Commercial Marinas, Military Marinas|
|By Companies||Willard Marine, South Boats IOW, Fassmer, HiSiBi, Asis Boats, LOMOcean Design, SAFE Boats, Maritime Partner, Sunbird Yacht, FB Design, BCGP, Alutech, Connor Industries, MARINE, PALFINGER|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||228|
|Number of Tables & Figures||160|
|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.
The market is segmented by Type Small, Medium, Large and By Application Pleasure Marinas, Fishing Marinas, Commercial Marinas, Military Marinas.
Some of the companies that are profiled in this report are:
Marinas 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:
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.
We have studied the Marinas 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.
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