Dublin, Nov. 14, 2023 (GLOBE NEWSWIRE) -- The "Sailboat Market Size, Share & Trends Analysis Report By Hull Type (Monohull, Multi-hull), By Length (Up to 20ft., 20-50 ft., Above 50 ft.), By Region (North America, Asia Pacific, Europe, Latin America), And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
This insightful report offers an in-depth look into the sailboat market, projecting a significant growth with an expected valuation of USD 4.62 billion by 2030, advancing at a CAGR of 4.2% from 2023.
Market Dynamics and Drivers
- Growth Fueled by Recreational Boating: The market is witnessing an upsurge driven by increased interest in outdoor activities and leisure experiences.
- Monohull Segment Gaining Traction: With a projected CAGR of 3.7%, the traditional monohull sailboats continue to attract enthusiasts with their classic design and heritage.
- Innovative Materials Transforming the 20-50 ft. Segment: Accounting for a significant market share, this segment benefits from advancements in materials, enhancing performance and efficiency.
Impact of Economic and Technological Factors
- Economic Fluctuations Influence Market Trends: Disposable income levels and general economic health play a crucial role in shaping the market, impacting sales during different economic conditions.
- Technological Advancements Elevating the Experience: Innovations in sail controls, materials, and digitalization are revolutionizing the sailboat market, offering enhanced safety and performance.
Regional Highlights and Future Outlook
- Asia Pacific's Thriving Market: The region, especially China and India, is experiencing robust growth due to economic prosperity and a burgeoning middle class.
- Oligopolistic Market Landscape: Dominated by key players like Hallberg-Rassy Varvs AB and Groupe Beneteau, the market presents a competitive scenario.
Companies Mentioned
- Hallberg-Rassy Varvs AB
- Groupe Beneteau
- Catalina Yachts
- HanseYachts AG
- CANTIERE DEL PARDO S.p.A.
- Fountaine Pajot
- OYSTER YACHTS
- Nautor Swan Srl
- BAVARIA YACHTS
- Najad
For more information about this report visit https://www.researchandmarkets.com/r/uqqrgl
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
