About Inflatable Boats
Inflatable Boats are the lightweight boats made of flexible tubes filled with gas and aluminum or plywood sheets to provide it with rigid support, they primarily depends on the inflation for its buoyancy. Some of the inflatable boats are made in such a way that they can be dissembled and easily stored. The growing demand for water adventure sport in emerging economies and increasing the standard of living across the globe is driving the Inflatable Boats Market. It is also used by Armed Forces for carrying out special operations.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.2% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Inflatable Boats market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
RIBCRAFT (United Kingdom), West Marine (United States), Zodiac Nautic (France), Falcon Inflatables (South Africa), Wefings Marine Inc (United States), Walker Bay (United States), AB Inflatables (United States), Scout Inflatables (United States), Damen Group (Netherlands) and Qingdao Lian Boat Co. Ltd. (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Inflatable Boats market by Type (Inflatable Keel Boats, Rigid Inflatable Boat, Specialty Boats and Others), Application (Residential and Commercial) and Region.
On the basis of geography, the market of Inflatable Boats has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. Fabric-based will boost the Inflatable Boats market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power, the sub-segment i.e. Engine-powered will boost the Inflatable Boats market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Emerging Use of Reliable PVC and Hard Bottom to enhance Operational Efficiency
Market Growth Drivers:
Increasing Prevalence of Water Sports in Developing Countries and Need to Carry out Special Operations by Armed Forces in Situations
Restraints:
Significant Post Purchase Maintenance required for Inflatable Boats, Stringent Regulatory Guidelines and Inability to Overcome Harsh weather conditions can hinder the growth of the Market
Opportunities:
Increasing Advancement in Technology of Marine Industry will Boost the Inflatable Boats Market
Market Leaders and their expansionary development strategies
In April 2023, Sunreef Yachts has entered a partnership with Rigid Inflatable Boat (RIB) manufacturer Ribco in the Middle East. The team at Sunreef Yachts’ new Dubai office will now act as Ribco’s exclusive distributor in the region. Sunreef Yachts says its Ras Al Khaimah shipyard in the United Arab Emirates will also support Ribco in the construction of selected models.
In September 2022, Highfield Boats announces the launch of five brand-new models. These rugged RIBs include the new Highfield Sport 900 and Sport 760, which make their North American debuts at the Fort Lauderdale International Boat Show (FLIBS). In addition, Highfield is proud to introduce the Sport 700, Sport 660, and Sport 600.
"Generally, an inflatable boat or rigid-inflatable boat which is to operate as an independent vessel under the Code (and is not a tender operating from a vessel) should be of a design and construction which would meet the requirements of the 1974 Safety of Life at Sea (SOLAS) Convention and the parts of the Annex to the International Maritime Organization (IMO) Testing of Life-Saving Appliances - which are appropriate to the type of boat and, subject to the variations which are given in the Code."
Key Target Audience
Inflatable Boats Manufactures, Inflatable Boat Distributors and Suppliers, Inflatable Boats International Traders, Inflatable Boats Industrial Associations, Research and Development Institutes, Financial Institutes and Venture Capital, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.