Sailboat Market Size, Share & Trends Analysis Report By Hull Type (Monohull, Multi-hull), Length (Up to 20 ft., 20-50 ft., Above 50 ft.)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027
The global Sailboat market gathered revenue around USD 5.80 Billion in 2020 and market is set to grow USD 8.4 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 3.1% during the prediction period 2021 to 2027.
The growth can be attributed to continuous research and development initiatives and a rise in the number of virtual trade shows. Companies are focused on the development of innovative, new yachts developed using ultra-modern production techniques and materials. The latest innovations and technological advancements made on the boats and boat engines help in increasing the demand for sailboats and help market players to maintain their market positions. The COVID-19 pandemic has contributed to digitalization in the industry. The prospects of virtual shows and live-streaming in near future are anticipated to create growth opportunities for the market.
Increased investments in research and development activities is one of the major drivers for the market growth. Companies are collaborating with international engineering firms, yacht designers, and technological innovation providers to develop new models. For instance, the HanseYachts Group uses Catia-a design software-which enables it to map the entire production and development process from the first design to the activation of production machines. Other companies are also adapting to changing market conditions and responding quickly to changing customer preferences to maintain their positions in the market.
The rising awareness about sustainability and the need to reduce carbon dioxide emissions have made suppliers and shipyards actively invest in more sustainable solutions. For instance, to offer a diverse portfolio that is more environmentally friendly, Rolls-Royce Power Systems is investing in the research and development of various sustainable technologies. Revenues generated on the sales of motor yachts account for a much smaller portion of the total revenue of the market compared to those generated on the sales of sailing yachts. Companies are expanding their product portfolios to include motor yachts. For instance, the HanseYachts Group continues to invest in expanding the product portfolio of its Sealine and Fjord brands and regionally expanding or reinforcing the dealer network.
Companies face intense competition in the international market. Consequently, changing economic conditions in key sales markets impact the demand for products despite the broad regional diversification of international dealer networks. The military conflicts in the Middle East could affect sales in Middle Eastern countries. The U.K.’s departure from the European Union and the continuing uncertainties regarding the future economic relations between the U.K and the European Union, loss in value of the Turkish lira, and trade protectionism in the U.S. could negatively affect unit sales for companies exporting boats in these countries.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Sailboat market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Sailboat market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
|Market Size||USD 8.4 Billion by 2027|
|Growth Rate||CAGR of 3.1% From 2021 to 2027|
|Forecast Period||2021 to 2027|
|Historic Data||2017 to 2020|
|Report coverage||Growth Factors, Revenue Status, Competitive Landscape, and Future Trends|
|Segments Covered|| Hull type, length and Region
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Companies Mentioned||Hallberg-RassyVarvsAB; BENETEAU GROUP; Bavaria Yachtbau; Ferretti Group; Catalina Yachts; HanseYachts AG;CANTIERE DEL PARDO S.p.A.; Dufour Yachts; Fountaine Pajot|
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Sailboat market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Market Segments analysis:
By Hull Type Analysis:
The monohull segment dominated the sailboat market in 2020 and accounted for a 55.1% share of the global revenue. The segment is expected to register a steady growth rate over the forecast period.
Monohull sailboats are experiencing a significant increase in demand due to the increasing disposable incomes of customers and growing demand for leisure activities such as yachting and sailing.
The multi-hull segment is expected to expand at a CAGR of 2.7% over the forecast period. The popularity of multi-hull sailboats is growing as they offer a combination of onboard living space, speed, safety, and performance.
By Length Analysis:
The 20-50 ft. segment dominated the market in 2020 and accounted for more than 54.1% share of the global revenue. The segment is expected to expand at a CAGR of 2.6% over the forecast period.
The up to 20 ft. segment is expected to register a CAGR of 2.8% over the forecast period. The sailboats used for daytime sailing for a short period are usually up to 20 ft. long.
North America dominated the global market in 2020 with a revenue share of over 36.1%. This can be attributed to the high popularity of marine activities, such as cruising, sailing, and boating, in the U.S. The rising popularity of these activities in the country is expected to drive the market over the forecast period.
Europe is expected to emerge as the fastest-growing regional market over the forecast period. European boat builders are focusing on offering innovative products according to the latest trends. Countries that have a long coastal line attract several international tourists every year. Companies are expanding their product portfolios by launching new boats in the market. For instance, in August 2019, Bavaria Yachts announced the launch of two sailing yachts C45 and C50 at the Yachting Festival in Cannes, France. Furthermore, the rising number of trade shows and events hosted by manufacturers and boating clubs in the region are boosting the growth prospects of the market in Europe.
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
- Company Overview
- Company Market Share/Positioning Analysis
- Product Offerings
- Financial Performance
- Recent Initiatives
- Key Strategies Adopted by Players
- Vendor Landscape
- List of Suppliers
- List of Buyers
Some of the prominent players in the Sailboat Market include: Hallberg-RassyVarvsAB; BENETEAU GROUP; Bavaria Yachtbau; Ferretti Group; Catalina Yachts; HanseYachts AG;CANTIERE DEL PARDO S.p.A.; Dufour Yachts; Fountaine Pajot
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:
- By Hull Type
- By Length
- Up to 20 ft.
- 20-50 ft.
- Above 50 ft.
- United Kingdom
- Rest of Europe
- Southeast Asia
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa (MEA)
- North Africa
- South Africa
- Rest of Middle East & Africa
Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Sailboat market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Sailboat market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Sailboat markets more accurate and reliable.
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
- In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
Industry participants involved in this research study include:
- CEOs, VPs, market intelligence managers
- Procuring and national sales managers technical personnel, distributors and resellers
- Research analysts and key opinion leaders from various domains
Key Points Covered in Sailboat Market Study:
- Growth of Sailboat in 2021
- Market Estimates and Forecasts (2017-2027)
- Brand Share and Market Share Analysis
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Recommendation on Key Winning Strategies
- COVID-19 Impact on Demand for Sailboat and How to Navigate
- Key Product Innovations and Regulatory Climate
- Sailboat Consumption Analysis
- Sailboat Production Analysis
- Sailboat and Management