The annual report from the Sailing Company—publisher of Sailing World and Cruising World— includes studies on the bareboat charter industry, North American import sailboats, and North American sailing industries. COVID-19 is expected to have a significant impact on the supply chain and product demand in the automotive sector. Annual U.S. sales of boats, marine products and services are estimated to total $42 billion in 2019. The manufacturers are focusing on including luxury features for offering improved performance characteristics and customer experience. We never share your personal data. Marketing data summarizes interesting demographic statistics as well as psychographic information about sailors. endstream endobj 1085 0 obj <. Get up to speed on any industry with comprehensive intelligence that is easy to read. In the upcoming years, passenger traffic in coastal and marine tourism is expected to increase drastically due to the attractiveness of the region and recent supportive policies. The key vendors that provide yachts on a rental basis include Sailogy S.A.; Boatbound Inc.; The Moorings; Fun2 Rent; and Incrediblue Limited. Countries such as China, Germany, and France are anticipated to witness substantial growth over the forecast period. Economic indicators in the report include inflation rate, percentage of economic growth (index varies by country), unemployment, and consumer confidence. Despite the high total cost of ownership associated with a personal yacht, the marine travel and tourism activities have not been significantly affected owing to the easy availability of a yacht on a rental basis. Related: 2016 Sailing Industry Report. The global Sailing Ropes research report presents obligatory facts and statistics on trends & developments. However, the use of composites has gained popularity owing to benefits such as corrosion resistance, lower maintenance costs, and better strength to weight characteristics. The picture is not much better for the 35-54 year olds, except for yacht cruising, which is stable. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". Aggregated Sailing Demographics: • 3,570,000 million sailing participants • 897,000 people sailed 15 or more times annually • 59% of all Sailing participants are male and 61% of frequent (15+/year) Sailing participants are male. The report includes charter industry data, sailboat brokerage data, and marketing intel for the sailboat industry. Request discounts available for Start-Ups & Universities. The rising disposable income of citizens and flourishing tourism sector in emerging economies, such as Brazil and China, are some of the key factors escalating the market growth Furthermore, changes in consumer buying behavior owing to uncertainty surrounding the pandemic may have serious implications on the near future growth of the industry. In April 2018, Azimut Benetti S.p.A. planned to reveal two new yacht models, namely the S10 and the Grande Magellano 25 Metri, at the Milan Design Week. NMMA continuously monitors legislation and regulatory issues in all 50 states, pursuing the marine industry's objectives and defending it against potentially harmful government initiatives. High-tech interiors and luxurious amenities provided by the European OEM manufacturers are also predicted to drive the demand for Europe yacht market. The demand for yachts has gradually increased over the last few years owing to the increase in disposable income of individuals and their inclination toward leisure or recreational activities. b. The global leisure boat market size was valued at USD 39.75 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2020 to 2027. The growing preference of travelers for luxury tourism, personalized service, and exclusive traveling are the primary factors propelling the sales of yachts. It is expected to continue to dominate the segment over the forecast period. The 20 to 50 ft segment dominated the market in 2018. Please fill out the form below for a free PDF report sample & Free report customization (equivalent up to 8 analysts working days) with purchase. The market is expected to witness significant growth in Europe over the forecast period. Privacy Policy. b. Sailing Industry 2020. Conducted by Sailing World and Cruising World. Furthermore, advancements in telematics and IoT platforms are expected to improve the industry potential over the coming years. Design an exclusive study to serve your research needs. This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends for each of the sub-segments from 2014 to 2025. The processes involved in manufacturing yachts have also undergone drastic changes over the last few years. b. 2013 Sailing Industry Study . Our team of experts are in touch with brokerage houses, builders, designers and owners around the world to provide you with the very latest data and statistics on new orders, launches, deliveries and sales. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. RYA Statistics Membership. The industry's concern has moved on from being centered on supply chain disruption from China to the overall slump in demand for automotive products. All interactions are confidential. Visit Discover Sailing to learn more and order the award-winning Discover Sailing: The Ultimate Adventure DVD. Key factors that are driving the market growth include the growing preference for luxury tourism and personalized services among travelers worldwide. Report Overview The global yacht market size was valued at USD 6.19 million in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2019 to 2025. 2013 Sailing Industry Study. ADVERTISEMENT. Please wait while we are processing your request... Yacht Market Size, Share, Industry Analysis Report, 2019-2025. This is anticipated to increase in investments in coastal areas and recreational activities such as fishing, sail training adventures, white-water rafting, kayaking, and one-day boating adventures, in addition to scuba diving, free diving, and snorkeling. The growing number of High-Net-Worth Individuals (HNWI) and the adoption of technologically advanced yachts are the primary factors driving the growth of the sales of new yachts in the region. Avail customized purchase options to meet your exact research needs. More significantly, cruise industry … Addition or alteration to country, regional & segment scope. H��dU�C���c�%��y����L�,�A���!���� � AWI Sailing World is your go-to site and magazine for the best sailboat reviews, sail racing news, regatta schedules, sailing gear reviews and more. What are the factors driving the yacht market? Increasing economic conditions and rising popularity of coastal and marine tourism across the globe will drive the market revenue. Improved maritime security systems, connectivity, and tracking and increased disposable incomes are further driving the market. Even as … This is attributable to increasing number of high net worth individuals (HNWI) and growing popularity of water sports & fishing activities in the region. The study has, in fact, found that sailing is more dangerous and with a higher fatality rate than skiing and snowboard combined and American football. Sailboat imports into North America saw a significant increase last year, up 55% for boats over 20 feet in length compared to 2012. March 17, 2016. The segment growth can be attributed to the high demand for a sports yacht in countries such as China and France. Trade Statistics Statistics regarding the volume of cargo transported are compiled by individual governments, the United Nations and a number of private enterprises. Get your queries resolved from an industry expert. The recreational tournaments are also offering employment opportunities. The demand for commercial vehicles is expected to plummet with the shutdown of all non-essential services. Read the full report on the state of the sailing industry conducted by Sailing World and Cruising World. The global yacht market size was estimated at USD 6.2 billion in 2019 and is expected to reach USD 6.5 billion in 2020. b. Furthermore, the surging demand for recreational activities supported by increasing participation of people in marine recreational activities in countries such as Singapore, Thailand, China, and Australia is also expected to bolster the growth of the regional market. Reportlinker.com offers immediate download access to top market reports on the Sailing Industry. This website is secure and your personal details are safe. The breakfast attracted over 130 sailing industry leaders and was co-sponsored by Sail America and GE Capital Solutions. The increasing number of trade shows hosted by manufacturers and recreational boating events are supporting the market growth in the region. 1084 0 obj <> endobj The lengths of yachts vary from 35 feet to more than 150 feet. Sports yachts are used for marine tourism, sports tournaments, other recreational activities such as cruising & fishing and other water sports activities. h�b```�9��@��(��������qj�ă�;Ӏ�,���D�R��$�0w4�v440v4p ��b`�R+�"`#����d2$�\����X}8/���y��������q��g�������4#���Hs30�H�ݩ��d� Q�� ` ð!| Fuel pollution is one of the harmful by-products in the modern era, and a considerable amount of this comes from yachting industry. This is also a prominent factor augmenting the growth of the up to 20 ft segment. Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period. Number of youth participants in sailing in the U.S. from 2006 to 2018. The recreational boating industry suffered a setback during the period of recession from the year 2008 to 2013. Under the strategic agreement, Wells Fargo Commercial Distribution Finance agreed to provide inventory-financing solutions to dealers of Chaparral Boats, Inc. and Robalo Boats in the North American region. In addition, sailing yachts are less expensive and … Yachts were manufactured using wood and fiber-reinforced polymers. An in depth look at the state of the sailboat industry. The use of electronically controlled fuel injection systems offers the flexibility to let engines operate at variable speeds and significantly reduce noise, vibration, and emissions in port and coastal areas. Increasing participation of consumers in recreational boating activities and w… "The industry is absolutely on fire." The latest yachting intelligence tools and data about the yacht industry statistics within a digital and a paper format to stay on top of the industry. Search reports, statistics & slideshows on Recreational Activity. Some of the prominent players in the yacht market include: Alexander Marine International Co., Ltd. (AMI), Revenue in USD million and CAGR from 2019 to 2025, Revenue forecast, company ranking, competitive landscape, growth factors, and trends, North America; Europe; Asia Pacific; Latin America; Middle East & Africa, U.S.; Canada; Germany; U.K.; France; China; Japan; India; Mexico; Brazil, Brunswick Corporation; Azimut Benetti S.p.A.; Damen Shipyards Group; Heesen Group; The San Lorenzo S.p.a; Sunseeker International; Ferretti S.p.A.; Alexander Marine International Co., Ltd. (AMI); Princess Yachts Limited. Personal details are safe 2020 Grand View research, Inc. all rights reserved visit Discover sailing industry statistics: the Adventure! Water sports activities in all seasons 2019. sailing statistics for offering improved performance and... 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