Unlock What Growth Water Taxi Market May See in Future; Participants Still Eyeing Growth in Market

Water Taxi Market Latest Edition Published with Forecast to 2027
  • Mar 25, 2022
  • Pritam
  • Marine
  • AMA Research
The article cited AMA's Global Water Taxi Market Study explored substantial growth with CAGR of %. According the report, An increasing number of people are either renting boats or joining a boat club to enjoy their leisurely time is one of the primary growth factors for the market. Rising travel and recreational activities owing to increasing disposable income across the globe is also expected to contribute significantly to the Water Taxi market. Overall, Personal Use applications of Water Taxi, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Princess Cruise Lines, Ltd. (United States), Azimut-Benetti Group (Italy), Brunswick Corporation (United States), Beneteau Group (France), Bavaria Yachtbau GmbH (Germany), Catalina Yachts (United States), Feadship (Netherlands), Damen Yachting BV (Germany) and MacGregor (United States) may see astonishing sales in this Market and certainly improve revenue growth.

The Fuel Type, such as Battery Powered or Electric, is boosting the Water Taxi market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Water Taxi market identified that the demand is rising in many different parts of the world as "Due to growing worries about the green movement around the world, governments from numerous countries are also supporting water taxi ". Furthermore, some recent industry insights like "In May 2021- The Candela P-12, launching the electric taxi boat with hydro-foiling, this is the world's first electric taxi boat with a long-range and great speed. The Candela P-12 is a 12-passenger water taxi that allows guests to experience the wonders of electric hydro-foiling. P-12 can cruise in nearly complete silence because of its electric pod motor, which prevents wake or sound pollution from harming marine life." is constantly making the industry dynamic. One of the challenges that industry facing is "High risk of traveling in a water taxi"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Water Taxi market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Water Taxi market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Water Taxi market tight?
• Which application/end-user category or Product Type [Yachts, Cruise, Ferries and Sail Boats] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Water Taxi market and other related sub-markets covered in the study.

o Key & emerging players in the Water Taxi market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Water Taxi market size is calculated using market estimation process, the Water Taxi market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Water Taxi market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager