Dublin, Jan. 24, 2022 (GLOBE NEWSWIRE) -- The "Boat Speedometer Market by Application, Type, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
The global boat speedometer market was valued at $353.3 million in 2020 and is expected to reach $558.5 million by 2030, registering a CAGR of 4.6% from 2021 to 2030.
Boat speedometer is an important device that is used to measure speed of boats or ship in water. Boat speedometer is also known as pitometer log. Boat speedometer is being adopted in sailboats, ships, and yachts to display how fast the boat is moving on water. Boat speedometer becomes very important to measure the speed of boat during any climatic change so that safety of people inside the boat can be measured. Boat speedometer can be used on submarine and surface boats.
Surge in demand for boat speedometer in modern boats, ships, and marine industry in various countries, such as India, China, Brazil, and others, drives the growth of the global boat speedometer market. In addition, maintaining the proper speed of boats and sailboats is very important to prevent any dangerous situation and avoid accidents in boats and ships, thereby driving the growth of the global boat speedometer market.
Rise in disposable income of population in various countries, such as India, Japan, Brazil, and others, is expected to increase tourism activities, thereby driving the growth of the boat speedometer market. For instance, the disposable income of Japan grew by 6.5% from 2019 to 2020. Increase in demand for boat speedometers in recreational activities and boating activities globally drives the growth of the global boat speedometer market.
However, fluctuation in raw material prices and availability of substitutes, such as impeller log and propeller log, are anticipated to restraint the growth of the boat speedometer market. On the contrary, rise in water sports activities globally is anticipated to create growth opportunities for the global boat speedometer market.
The global boat speedometer market is segmented into application, type, distribution channel, and region. On the basis of application, the market is divided into motor boats, sailboats/yachts, and others. The motor boats segment dominated the market in 2020. On the basis of type, it is fragmented into analog and digital. The digital segment generated highest revenue in 2020. Depending on distribution channel, it is segregated into offline and online. The offline segment dominated the market in 2020.
Region-wise, the global boat speedometer market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, Australia, and the rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Europe was the highest contributor to the global boat speedometer market share, and is anticipated to secure a leading position during the forecast period.
Key Benefits
- The report provides an extensive analysis of the current and emerging global boat speedometer market trends and dynamics.
- In-depth market analysis is conducted by global boat speedometer market estimations for the key market segments between 2020 and 2030.
- Extensive analysis of the global boat speedometer market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global boat speedometer market forecast analysis from 2021 to 2030 is included in the report.
- The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global boat speedometer market.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.3. Porter's five forces analysis
3.4. Market player positioning, 2020
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Rise in demand for cargo transformation through yachts
3.5.1.2. Increase in tourism activities
3.5.1.3. Increase in adoption of boat speedometer in watersports activities
3.5.2. Restraints
3.5.2.1. Fluctuation in raw material prices
3.5.2.2. Presence of substitutes
3.5.3. Opportunities
3.5.3.1. Growth in water based tourism
3.6. COVID-19 impact analysis
CHAPTER 4: BOAT SPEEDOMETER MARKET, BY APPLICATION
4.1. Overview
4.1.1. Market size and forecast, by application
4.2. Motor Boats
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Sailboats/Yachts
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
4.4. Others
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country
CHAPTER 5: BOAT SPEEDOMETER MARKET, BY TYPE
5.1. Overview
5.1.1. Market size and forecast, by type
5.2. Analog
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Digital
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country
CHAPTER 6: BOAT SPEEDOMETER MARKET, BY DISTRIBUTION CHANNEL
6.1. Overview
6.1.1. Market size and forecast, by distribution channel
6.2. Offline
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market size and forecast, by type
6.2.4. Market analysis, by country
6.3. Online
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market size and forecast, by type
6.3.4. Market analysis, by country
CHAPTER 7: BOAT SPEEDOMETER MARKET, BY REGION
CHAPTER 8: COMPANY PROFILES
8.1. Faria Beede Instruments, Inc
8.1.1. Company overview
8.1.2. Key executives
8.1.3. Company snapshot
8.1.4. Product portfolio
8.2. Veethree Group
8.2.1. Company overview
8.2.2. Key executives
8.2.3. Company snapshot
8.2.4. Product portfolio
8.3. Flir Systems Inc (Raymarine Plc)
8.3.1. Company overview
8.3.2. Key executives
8.3.3. Company snapshot
8.1.1. Operating business segments
8.3.4. Product portfolio
8.3.5. Research and development expenses
8.3.6. Business performance
8.4. Nasa Marine Ltd
8.4.1. Company overview
8.4.2. Key executives
8.4.3. Company snapshot
8.4.4. Product portfolio
8.5. Gaffrig Performance Inc
8.5.1. Company overview
8.5.2. Key executives
8.5.3. Company snapshot
8.5.4. Product portfolio
8.6. Cruzpro Limited
8.6.1. Company overview
8.6.2. Key executives
8.6.3. Company snapshot
8.6.4. Product portfolio
8.7. Autometer Products
8.7.1. Company overview
8.7.2. Key executives
8.7.3. Company snapshot
8.7.4. Product portfolio
8.8. CompX International Inc (Livorsi Marine Inc)
8.8.1. Company overview
8.8.2. Key executives
8.8.3. Company snapshot
8.8.4. Product portfolio
8.8.5. Business performance
8.9. nke Marine Electronics
8.9.1. Company overview
8.9.2. Key executives
8.9.3. Company snapshot
8.9.4. Product portfolio
8.10. SAN GIORGIO S.E.I.N. srl.
8.10.1. Company overview
8.10.2. Key executives
8.10.3. Company snapshot
8.10.4. Product portfolio
For more information about this report visit https://www.researchandmarkets.com/r/vals0i
