Overview and Scope
The sailboat refers to a boat propelled forward by wind power. A sailboat’s engine is much smaller and uses less space than a powerboat’s engine, which helps in reducing maintenance and fuel costs. These sailboats can be monohulls or multi-hulls and are intended to be used on the weekend or for longer cruises.
Sizing and Forecast
The sailboat market size has grown steadily in recent years. It will grow from $6.25 billion in 2023 to $6.44 billion in 2024 at a compound annual growth rate (CAGR) of 3.0%. The growth in the historic period can be attributed to strong economic growth in emerging markets, a rise in disposable income, increase in spending on recreational activities, and a rise in leisure trips.
The sailboat market size is expected to see steady growth in the next few years. It will grow to $7.41 billion in 2028 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to rising government support, rapid urbanization, a growing population, the increasing number of water sporting events and boat shows, the increasing use of social media, and the increasing number of high-net-worth individuals. Major trends in the forecast period include use of artificial intelligence (ai) for advanced navigation, new product developments for higher performance in strong winds, strategic collaborations and acquisitions to improve product portfolio, development of solar and wind powered boats, and focus on integrating sustainable materials in boat manufacturing.
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Segmentation & Regional Insights
The sailboat market covered in this report is segmented –
1) By Hull Type: Monohull, Multi-Hull
2) By Length: Up To 20 ft, 20-50 ft, Above 50 ft
3) By Application: Recreation, Racing, Sail Training
North America was the largest region in the sailboat market in 2023. The regions covered in the sailboat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in popularity of marine activities is expected to propel the sailboat market. Marine activities have been economic growth drivers, providing natural resources and access to trade and transportation, recreational opportunities, and other activities in general, with high expectations for future growth. Due to these growths in marine activities, the market is witnessing the demand for sailboats for commercial and leisure use, as it boosts the aquatic function efficiently by indulging less fuel and power costs. For instance, according to the UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT, in 2021, maritime trade and transport increased by 4.3% as compared to 2020. Therefore, the increase in marine activities is expected to boost demand for sailboats during the forecast period.
Key Industry Players
Major companies operating in the sailboat market report are Groupe Beneteau, Ferretti S.p.A., Jeanneau, HanseYachts AG, Bavaria Yachtbau GmbH., Catalina Yachts, Fountaine Pajot, Dufour Yachts, Nautor’s Swan, Island Packet, Seawind Catamarans, Donghae Shipbuilding Co, Ltd., Ketaki Craft Private Limited, FarEast Boats, Hylas Yachts, Qingdao Dookyu Crown Marine Co., Ltd, Ocean Dream Sailboats (Qingdao) Co., Ltd., Hartley Boats Ltd, Van de Stadt Design, RS Sailing, Gingerboats Racing Ltd., Luna Rossa, Elan Yachts, Wally, Morris Yachts, J/Boats, Hunter, Hinckley, Pacific Seacraft, Sea Ray, Quicksilver, Cal Yachts, Sterling Yachts, Pro Boat, Touchstone Boat Builders, Sayer Yachts, Inace Yacht Division, Schaefer Yachts, Fibrafort, Delta Yachts, MCP Yachts, MultiGlass, Lenzi Yachts, Flexboat, Magellan Abu Dhabi Marine Equipment, Sindbad Marine LLC, Al Suwaidi Marine, Royal Captain Boats, Yacht Manufacturing and Advanced Fiberglass Industries, Robertson and Caine, Knysna Yacht Company, Voyage Yachts
The sailboat market report table of contents includes:
1. Executive Summary
2. Sailboat Market Characteristics
3. Sailboat Market Trends And Strategies
4. Sailboat Market – Macro Economic Scenario
5. Global Sailboat Market Size and Growth
…
32. Global Sailboat Market Competitive Benchmarking
33. Global Sailboat Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Sailboat Market
35. Sailboat Market Future Outlook and Potential Analysis
36. Appendix
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