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This report forecasts the ski and wake boat market for the period 2019 to 2024 in terms of value and units; at the global, regional, and country-level.
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Presents a Research Report on Ski and Wake Boat Market Ski and Wake Boat Market by Boat Type (Wakeboard Boat, Wakesurf Boat, and Ski Boat), by Hull Material Type (Fiberglass and Aluminum), and by Region (North America, Europe, Asia-Pacific, and Rest of the World) Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024 sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence
Ski and Wake Boat Market Growth and Forecast Highlights & Drivers • The global ski and wake boat market is projected to grow at a healthy rate over the next five years to reach US$ 1.94 billion in 2024. • Increasing number of participants in outdoor activities, growing new powerboat sales, increasing HNWI population, and increased affordability of recreational boats are major growth propellers of the ski and wake boat market. • Ski and wake boats are family boats and are available in different types designed based on watersport activities. These boats are available in different sizes as per the demand of boaters. Different types of boats are preferred in different regions. For instance, wakeboard boats are preferred more in the USA, whereas wakesurf boats are majorly used in Europe. • North America is expected to remain the largest ski and wake boat market during the forecast period with the USA being the growth engine. The country is expected to maintain its supremacy not only in the North American market, but also in the global market as well. • Europe also holds a considerable share in the market with France, Germany, and the UK being the key demand generators in the region. • Asia-Pacific is a relatively small market, but will exhibit excellent growth rate in years to come, largely driven by New Zealand, Australia, and China.
Market Insights • By Boat Type • Wakeboard boat is expected to remain the growth engine of the market during the forecast period. • Decrease in fuel prices, attractive boat layout, and new designs of boats are the key factors propelling the demand for wakeboard boats in the industry. • By Hull Material Type • Fiberglass boat is likely to remain the larger and the faster-growing segment of the market in the coming five years. • The demand for fiberglass boat type is largely driven by the materials’ excellent properties such as excellent strength-to-weight ratio, incombustibility, high electrical insulating property, and low susceptibility to moisture. • By Region • North America is expected to remain the largest ski and wake boat market during the forecast period with the USA being the growth engine. The country is expected to maintain its supremacy not only in the North American market, but also in the global market as well. • Europe also holds a considerable share in the market with France, Germany, and the UK being the key demand generators in the region.
Competitive Insights • Development of high-performance and valuable ski and wake boats, expansion of distribution network in untapped markets, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market. • Key Companies Analysed • Brunswick Corporation • Correct Craft Inc. • Groupe Beneteau • Malibu Boats Inc. • Marine Products Corporation • Mastercraft Boat Holdings, Inc. • Monterey Boats • Skier’s Choice Inc. • Yamaha Motor Company Ltd.
Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others
Report Features • This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: • Market structure: Overview, industry life cycle analysis, supply chain analysis. • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. • Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors.
Market Segmentation • By Boat Type • Wakeboard Boats • Wakesurf Boats • Ski Boats • By Hull Material Type • Fiberglass Boats • Aluminum Boats • By Region • North America (Country Analysis: The USA and Canada) • Europe (Country Analysis: France, Germany, The UK, and RoE) • Asia-Pacific (Country Analysis: Australia, New Zealand, and Rest of Asia-Pacific) • Rest of the World (Sub-Region Analysis: Latin America, The Middle East, and Others)
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