Small Boat Market Analysis By Industry Size, Share, Revenue
Growth Demand and Forecast - 2031

The global small boat market is anticipated to grow at a
considerable CAGR of 3.7% during the forecast period. The modern boat layouts
including the Gen-Z category attract customers towards them. Additionally, the
integration of advanced technologies including IoT, AI, and smart sensors
provides various convenient facilities including GPS tracking and automatic
control. Such a technologically supported boating facility provides safety and
security to the customers which inclines customers’ interest in surfing deep
waters. On the other hand, a significant growth in recreational boating
activities and increasing per capita income in various countries including
China, Australia, and Japan are also expected to drive the market growth. The
supportive government initiatives through increasing investment in the tourism
sector, infrastructural development, and easing regulatory framework will
further upthrust the market growth. For instance, in June 2017, the government
of India announced an investment of around 193.2 million to build six
international cruise terminals on both the coastlines, including the west coast
(Mumbai, Goa, and Kochi) and the east coast (Visakhapatnam, Kolkata, and
Chennai).

Get Free Sample link @ https://www.omrglobal.com/request-sample/small-boat-market

However, the increased maritime accidents are a major
challenging factor for the market growth. According to the Allianz SE, a total
of 2,185 shipping accidents were recorded in 2019, in which 41 large ships were
completely lost. This report will further analyze all the factors that are
directly or indirectly influencing the growth of the small boat market during
the forecast period.

Segmental Outlook 

The global small boat market is segmented based on the
product and application. Based on the product, the market is segmented into the
powered boat, sail boat, personal watercraft, and others. Among these segments,
the powered boat segment is expected to grow fastest during the forecast period
as these boats are electrically driven and require negligible physical energy
to move the boat. 

Based on the application, the market is sub-segmented into
leisure, fishing, defense, and others. The above-mentioned segments can also be
customized as per the requirements. Among these segments, the leisure segment
is expected to grow fastest during the forecast period due to the rising
recreational and tourism activities across the globe. However, the defense
segment is expected to generate significant opportunities for the market due to
the rising defense budgets of various developing countries due to geopolitical
tension. The above-mentioned segments can also be customized as per the
research requirements.

Full report of Small Boat Market available @
https://www.omrglobal.com/industry-reports/small-boat-market

Regional Outlooks

The global small boat market is further segmented based on
geography including North America (the US, and Canada), Europe (Italy, Spain,
Germany, France, and Others), Asia-Pacific (India, China, Japan, and Others),
and the Rest of the World (the Middle East & Africa, and Latin
America).  The market can also be analyzed for a particular region or
country level as per the requirement. 

Reasons to Buying From us -



1. We cover more than 15 major industries, further segmented into more than 90
sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after
purchasing your report.

For More Customized Data, Request for
Report Customization @ https://www.omrglobal.com/report-customization/small-boat-market

Media Contact:



Contact Person: Mr. Anurag Tiwari

Email: anurag@omrglobal.com

Contact no: +91 780-304-0404

Company Name: Orion Market Research



About Orion Market Research



Orion Market Research (OMR) is a market research and consulting company known
for its crisp and concise reports. The company is equipped with an experienced
team of analysts and consultants. OMR offers quality syndicated research
reports, customized research reports, consulting and other research-based
services. The company also offers Digital Marketing services through its
subsidiary OMR Digital and Software development and Consulting Services through
another subsidiary Encanto Technologies.