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