The boat trailer market reaches a valuation of US$1.
DUBAI, United Arab Emirates, 04 Feb. 2022 (GLOBE NEWSWIRE) — Global boat trailer sales saw a historic CAGR of 4.2% from 2014 to 2021 and totaled $936.1 by the end of 2021. The world boat trailer market additionally expected to record a CAGR of 4.5% and top a valuation of approximately $1. 335.8 min by the end of 2029.
Future Market Insights (FMI) has published its latest report on Boat Trailers Market which includes Global Industry Analysis 2014-2021 and Opportunity Assessment 2022-2029 and covers key trends, success factors of the market, historical market value and volume, factors affecting the market, macroeconomic factors, as well as forecasting factors.
|Global Boat Trailer Market Analysis (2021A)||US DOLLARS$ 936.1 Mn|
|Global Boat Trailer Market Analysis Estimated Annual Value (2022)||US DOLLARS$ 978.7 Mn|
|Global Boat Trailer Market Analysis Projected Annual Value (2029)||US DOLLARS$ 1,335.8 Mn|
|CAGR Value (2022-2029)||4.5%|
|Share of collective value: Top 3 countries (2022)||55.5%|
Request a sample report for complete information on https://www.futuremarketinsights.com/reports/sample/rep-gb-8069
FMI has conducted extensive research on the boat trailer market. The boat trailer market study estimates that the bunk trailer segment is expected to create significant opportunities for revenue growth in the global boat trailer market over the assessment period. The value of the global boat trailer market was ~US$800m in 2018. Boat Trailer Market Expected to Grow at a Healthy Rate CAGR of ~4.5% during the forecast period.
Increase boat sales for recreational activities
The growth of boat trailer market is directly correlated with increasing boat fleet and new boat sales. With the increase in the growth of maritime tourism and nautical activities, the demand for new boats is expected to increase, which in turn fuels the sale of boat trailers.
The main advantage offered by the boat trailer is to provide the flexibility to transport boats to various places such as creeks, rivers, lakes, bays and the sea. There are two types of boat trailers, trailers stackers and roller trailers, which are used by end users. With the increase in the boat fleet, the demand for boat trailers has also increased, as boat trailers ensure the safety of boats and increase the life of a boat.
Boat trailers also prevent saltwater boats from rusting due to coatings and changing materials. These features have led to the growth of the global boat trailer market.
In addition, the increase in the average life of the boat and the growth of boat maintenance and services, increase the sales of boat trailers for old boats. In 2017, more than 10 millions boats have been registered in the United States and this number is expected to increase with ~1% growth rate in the near future. With the increase in the boat fleet in the United States, sales of boat trailers are also increasing as the United States holds ~43% share of the global boat trailer market.
For any questions related to the report, ask an [email protected] https://www.futuremarketinsights.com/ask-question/rep-gb-8069
|Historical data available for||2014-2021|
|Market analysis||Millions USD for value and units for volume|
|Key regions covered||North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa|
|Main countries covered||USA, Canada, Brazil, Mexico, Caribbean, Germany, Italy, France, UK, Spain, Sweden, Russia, India, ASEAN, China, Japan, South Korea, Oceania, GCC Countries, North Africa, Turkey, South Africa|
|Key Segments Covered||By product type, material type, load capacity, by region|
|Profiled Key Companies||• Kropf Industrial Inc.
• HOSTAR Marine Transport Systems Inc.
• TRIGANO Group
• Balbi Rimorchi srl
• Midwest Industries Inc.
• Charge the rite
• Karavan trailers
• HLT Ltd.
• Boatmate trailers
• Venture Trailers
|Report cover||Market forecasts, company share analysis, competitive intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives|
Increasing the attractiveness of the South Asia-East Asia-ASEAN cluster market
In the global boat trailer market, South Asia and East Asia are expected to grow with a high growth rate over the forecast period owing to the growing number of marine tourists and also the increase in boat sales and boat fleet in all regions. In East Asia, China is one of the most important countries and holds a large share of the market due to the presence of several manufacturers in the country.
China is expected to drive the growth of the boat trailer market in East Asia. In South Asia, India and ASEAN countries are expected to drive the growth of the market due to increasing disposable income of the middle class population. The North American market is expected to be a leading market in the global boat trailer market, due to the high demand and use of boat trailers for personal and commercial applications.
We offer bespoke solutions to meet your needs, request customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-8069
Additionally, Latin America, Middle East and Africa markets are also expected to grow with a healthy CAGR throughout the forecast period. We also considered the Caribbean region in Latin America. All important macroeconomic and forecasting factors are included while calculating the Boat Trailer market size.
Some of the major players involved in the manufacture of boat trailers included in this study are TRIGANO Group, Boatmate Trailers, Kropf Industrial Inc., Hydrotrans, Balbi Rimorchi Srl, EZ Loader, Shoreland’r, TRACKER, Load Rite, Hostar Marine Transport Systems Inc., Karavan Trailers, HLT Ltd. and Venture Trailers, among others.
Discover FMI’s extensive ongoing automotive coverage
Recreational boat market – Recreational boating is one of the fastest growing maritime sectors in the world. A pleasure boat can basically be described as a large motorboat with a cabin, plumbing and other entertainment amenities necessary to live on board.
Rowing Boats Market – This Rowing Boats Market study offers a comprehensive analysis of the business models, key strategies and respective market shares of some of the prominent players in this landscape.
Airboat Market – Airboats are the type of watercraft that are set in motion using a propeller installed behind the boat. These propellers are driven using an aircraft engine or an automobile engine.
Crew Boats (Emergency Crew Vessels) Market – Crew Boats or Emergency Crew Vessels are vessels that are located at an offshore facility for any emergency vigilance. These vessels are also used in the defense and marine industry to provide crew safety and rescue.
Boat Wire Harness Market – A boat wire harness is an assembly of electrical wires or cables used to transmit electrical power or a signal. Boat wire harnesses are also called cable harnesses, cable assembly or wire harness.
Trawler market – Trawlers are mainly used for two purposes: fishing and recreational activities. Fishing trawlers are used to catch fish or shellfish in deep water. These trawlers can be found fishing in deep waters off the coasts of the world to depths of 2,000 meters (6,560 ft).
Lifeboat Market – According to the study, the lifeboat market is expected to show marginal growth of around 2% during the assessment period from 2021 to 2031. A rescue boat is used for the purpose of rescuing the ship in distress or in danger.
Boat Hook Market – According to a recent study, the global market goofs market is expected to form with a CAGR of 3% to 5% between 2022 and 2032.
Boat Control Levers Market – The boat control levers market is expected to show impressive growth between 7% and 9% during the period 2021 to 2031. The marine engine control levers market is driven by a increase in worldwide maritime freight transit and an increase in maritime tourism.
Automotive Seat Frames Market – According to the study, the Automotive Seat Frames market will grow at an optimistic rate in 2021-2031. Automotive seat frames are very important structures in a car that provide driver and passenger safety, as they are contoured structures that support the car seats inside the vehicle.
About Future Market Insights (IMF)
Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, USA and India. FMI’s latest market research reports and industry analysis help businesses meet challenges and make critical decisions with confidence and clarity amidst fierce competition. Our custom and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continuously monitor emerging trends and events across a wide range of industries to ensure our clients are prepared for the changing needs of their consumers.
future market outlook,
1602-6 Jumeirah Bay Tower X2,
Parcel number: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For sales inquiries: [email protected]
For media inquiries: [email protected]
Source of the press release: https://www.futuremarketinsights.com/press-release/boat-trailer-market