Report ID: UCMIG25J2030
Report ID:
UCMIG25J2030 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The sailboat market globally was valued at USD 5.84 billion in 2020, and it is anticipated to grow at a CAGR of 2.4% between 2021 and 2028. This growth can be attributed to ongoing research and development projects as well as a rise in the number of online trade exhibitions. Companies in the industry are dedicating their efforts to developing innovative and technologically advanced yachts using state-of-the-art manufacturing techniques and materials. These advancements, both in terms of boats and boat engines, contribute to the increasing demand for sailboats and help market players maintain their market positions. The COVID-19 pandemic has played a role in the digitalization of the industry. Virtual shows and live-streaming have emerged as effective platforms and are expected to provide growth opportunities in the near future.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Leisure Products by segment aggregation, the contribution of the Leisure Products in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25J2030