Water Taxi Market

Water Taxi Market Size, Share, Growth Analysis, By Product(Sail boats are likely to dominate the water taxi market with around 78% volume share by 2024. High production of sail boats essentially contributes to the high revenue generation. These boats are highly preferred over the counterparts for covering short distances. Cost effectiveness as compared to other boats will further support the industry dominance over the forecast timeframe. Water taxi market from ferries is anticipated to grow rapidly, exhibiting over 6% CAGR from 2018 to 2024. Substantial growth is credited to shifting preference owing to lesser travel rates as compared to cruise or yachts. Moreover), By Fuel(Water taxi market from diesel will account for highest volume share of more than 58% over the next seven years. Substantial production of diesel-driven boats will primarily contribute to the high revenue generation. Most water taxis across the globe work on diesel and it possess strong prevalence in the marine industry over the past decades, further supporting the industry dominance. Hybrid taxis will witness growth at over 5% from 2018 to 2024. This can be credited to numerous benefits offered such as lesser noise and water pollution than diesel. These advantages have resulted in shifting preference of manufacturers towards these boats over the diesel-driven taxis. Moreover) - Industry Forecast 2024-2031


Report ID: UCMIG20V2013 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Water Taxi Market Insights

Market Overview:

The water taxi market, having achieved a valuation exceeding USD 380.9 billion in 2017, is poised for steady growth with an anticipated Compound Annual Growth Rate (CAGR) of 4% from 2018 to 2024. This expansion can be attributed to several key drivers, including urbanization, increasing tourism activities, and a growing emphasis on sustainable transportation options. Water taxis offer efficient and eco-friendly transit solutions, particularly in congested urban areas, and contribute to alleviating traffic congestion and reducing carbon emissions. Furthermore, advancements in technology are enhancing the overall passenger experience by enabling real-time booking, tracking, and payment options. As cities and tourism destinations worldwide recognize the benefits of water taxis in addressing transportation challenges and fostering environmentally conscious travel, the market presents lucrative opportunities for industry participants to innovate and expand their services while meeting the evolving demands of modern transportation.

Water Taxi Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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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 Trucking by segment aggregation, the contribution of the Trucking in Transportation 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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FAQs

The global market for Water Taxi was estimated to be valued at US$ XX Mn in 2021.

The global Water Taxi Market is estimated to grow at a CAGR of XX% by 2028.

The global Water Taxi Market is segmented on the basis of Product, Fuel, Region.

Based on region, the global Water Taxi Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global Water Taxi Market are Beneteau Group, Brunswick, Azimut-Benetti, Ferretti, and Sunseeker.

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Water Taxi Market

Product ID: UCMIG20V2013

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