Boat Building And Repairing Market Forecast To Grow At A Higher Rate

Posted by sainath on February 7th, 2019

The Business Research Company’s boat building and repairing global market report, covers the year-on-year growth of the global boat building and repairing market historic and forecast growth. It also includes chapters on the boat building and repairing market trends, geographical analysis, and competitive landscape.

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The boat building and repairing market size is expected to reach a higher value by 2022, growing at a steady CAGR during the forecast period.

Boat Building And Repairing Market Trends

The boat building and repairing market consists of sales of boats and boat building and repairing services by entities (organizations, sole traders and partnerships) that operate shipyards or boatyards. Shipyards and boatyards are fixed facilities with drydocks and fabrication equipment capable of building boats, including dinghies, hovercrafts, motorboats, rowboats, yachts, sailboats and inflatable rubber boats.

Self-sailing boats are a new trend in the boat building and repairing industry. Software of self-sailing boats allow these boats to independently move from point-to-point, avoiding obstacles and working with other boats along the way. Boat building companies are getting ready to build self-sailing boats and ships for commercial purpose using robotics technology. Roboat, a project by researchers from MIT, Delft University of Technology and Wageningen University and Research to build a fleet of autonomous canal-going vessels is investing in building day vessels.

The global boat building and repairing market is primarily driven by increase in demand for boats due to increased tourism in recent years, and the rising demand for military based sea war boats.

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The global boat building and repairing market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With increase in demand for sea-based tourism and increasing demand for overseas shipping, the global boat building and repairing market is expected to increase in potential and scope. TBRC’s report also covers the boat building and repairing drivers and restraints in the market.

The global boat building and repairing market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global boat building and repairing market report are Brunswick Corporation, Riviera Australia, Holyhead Boatyard Ltd, Ancasta International Boat Sales Ltd, and Survitec Survival Craft Ltd.

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