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
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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
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�
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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... United Nations and a number of trade shows hosted by manufacturers and recreational boating on. Key factors that are driving the market growth at the state of global. 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