Skip to main content

Watercraft Accessories Market Key Opportunity, Analysis, Growth, Trends 2032

 The global watercraft accessories market is projected to grow from US$ 6,901.1 Mn in 2021 to US$ 12,382.9 Mn by 2032, with sales growth at a healthy CAGR of 6% throughout the forecast period. Rising demand for watercraft accessories from diverse end use sectors including military & defense, amusement parks, coastal tourism & shipping company, and cargo logistics is a key factor driving growth in the global market.

Watercraft accessories consist of products such as life vests, tow ropes, boat dock line, boat fenders, etc., widely used by professionals and hobbyists for fishing and water sport activities. These accessories play a key role in improving the safety of watercraft passengers during water transportation and other recreational activities.

As recreational boating and water sports become more popular, demand for watercraft accessories is projected to grow at a healthy pace during the forecast period.

Similarly, rapid expansion of tourism industry, introduction of new government regulations, and increasing water parks will have a positive impact on the watercraft accessories market.

Furthermore, increased freight logistics in several geographic regions and growing usage of watercraft in logistics are likely to create lucrative opportunities for watercraft accessories manufacturers in coming years.

Key Takeaways from Market Study

  • Based on type, the life vest segment is projected to grow at a CAGR of 5% during the forecast period.
  • By sales channel, the online sales channel segment is projected to create an absolute $ opportunity of US$ 2,996.9 Mn between 2022 and 2032.
  • Based on end use, coastal tourism & shipping company segment is projected to hold around 27% of the market share in 2022.
  • TheS. watercraft accessories market is expected to exceed revenues worth US$ 1,802.7 Mn by the end of 2032.
  • Watercraft accessories market in India is likely to grow at a robust pace of around 2% CAGR during the forecast period.
  • Demand for watercraft accessories in China is estimated to grow at a value CAGR of 8% between 2022 and 2032.

“Rise in coastal tourism industry and increase in maritime trade activities will continue to provide a strong impetus to the growth of the watercraft accessories market,” says a Future Market Insights analyst.

Market Landscape

Among the industry's key players are Yamaha Motor Corporation, WireC, Bombardier Recreational Products Inc., IRM Offshore and Marine Engineers Private Limited., Covercraft Industries, LLC, BEXCO NV, Kawasaki Motors Corp., AXIOM CORDAGES LIMITED, Samson Rope Technologies, TEUFELBERGER, DAN-FENDER, Garware Technical Fibres Ltd., EVOLUTION TRADING (SHANGHAI) CO.LTD, SHEICO Group, ABSOLUTE OUTDOOR, INC. and others.

These key manufacturers are focusing on increasing their regional market share and are involved in making their direct presence in the local markets by expanding their dealer network. They are collaborating with local distributors to supply their products globally.

Key Segments Covered In Watercraft Accessories Market Analysis

By Type:

  • Life Vest
  • Tow Ropes
  • Boat Dock Line & Storage
  • Boat Fenders
  • Boat Cover
  • Others

By End Use:

  • Military & Defence
  • Amusement Parks
  • Professional & Hobbyist
  • Coastal Tourism & Shipping Company
  • Offshore Vessel
  • Cargo Logistics

By Sales Channel:

  • Online
  • Offline
    • Multi Brand Store
    • Speciality Store

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East & Africa

For More Info@ https://www.futuremarketinsights.com/reports/watercraft-accessories-market

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global watercraft accessories market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the global watercraft accessories market based on type, end use, sales channel, and region.

About FMI – Automotive and Transportation

The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sectors. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behaviour.

Comments

Post a Comment

Popular posts from this blog

Automotive Filters Market Share and Growth Factors Impact Analysis 2029

 The global automotive filters market is expected to experience significant growth over the forecast period, due to the increasing demand for advanced automotive systems and the rising demand for fuel-efficient and eco-friendly vehicles. Automotive filters are used to remove contaminants, such as dust, dirt, and debris, from the air, oil, and fuel in a vehicle. The market is segmented based on type, vehicle type, and region. Based on type, the market is divided into air filters, oil filters, fuel filters, and others. The air filter segment is expected to dominate the market, due to the increasing demand for advanced air filtration systems in vehicles. Based on vehicle type, the market is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment is expected to dominate the market, due to the increasing demand for passenger cars and the increasing adoption of advanced filtration systems in passenger cars. Geogr...
Post a Comment
Read more

Multilayer Ceramic Capacitor (MLCC) Market is Set to Experience Revolutionary Growth by 2032

 The Multilayer Ceramic Capacitor (MLCC) market has experienced remarkable growth over the past few years, driven by the increasing demand for electronic components in various industries. MLCCs are essential passive electronic components used extensively in electronic devices and equipment for their ability to store and discharge electrical energy quickly and efficiently. The market's growth is largely attributed to the rapid advancements in consumer electronics, automotive electronics, telecommunications, and industrial applications. The ever-expanding adoption of smartphones, tablets, wearable devices, and IoT technologies has created a surge in the demand for MLCCs, as they are essential for miniaturizing and enhancing the performance of these devices. Furthermore, the trend towards electric vehicles (EVs) and the growing adoption of advanced driver-assistance systems (ADAS) in automotive applications have significantly fueled the demand for MLCCs. These capacitor...
Post a Comment
Read more

Iris Biometrics Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Iris Biometrics Market stands as a testament to the ever-evolving landscape of biometric technology, offering a unique and highly secure method of identity verification and authentication. The iris, with its intricate and individualistic patterns, has captured the attention of both security experts and technology developers as a reliable means of confirming one's identity. This market has gained prominence across various industries, ranging from border control and law enforcement to access control systems in government institutions, corporate offices, and even consumer devices. The market's growth is fueled by the increasing need for robust identity verification solutions in a world where security breaches and identity theft are becoming more prevalent. Unlike traditional authentication methods such as passwords and PINs, iris biometrics offer a high level of security and accuracy, as the iris pattern is virtually impossible to replicate. The technology prov...
Post a Comment
Read more