Market Snapshot:
A boat elevator is used to lift an entire section of the water and bridge two different water levels. Boat elevators are ideal solutions for narrow canals, embankments, and locations where pilings cannot be used. It is also used to securely dry-lock boats. It eases the maintenance and storage of boats. Vertical and cantilever are the main two types of boat elevators. The market for boat elevators is highly dependent on the market for boats.
Segment Analysis
AMA Research have segmented the market of Global Boat Elevator market by Type, Application and Region. On the basis of Type, Vertical are dominating the market in the year 2020 where as Cantilever stood as second largest market share.
On the basis of geography, the market of Boat Elevator 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).
Market Drivers
High Demand for Boats for Commuting Purposes Is the Key Driver and Rising Concerns among Boat Owners to Avoid Corrosion of Boats
Opportunities
Increased Freight Transportation through Water Ways will Fuel Demand for Boat Elevator and Increasing Infrastructure and Connectivity in Developed and Developing Nations
Restraints
In addition to the aforementioned factor, High Demand for Boats for Commuting Purposes Is the Key Driver
is expected to propel the growth of the market over the forecast period.
The key Manufacturers profiled in the study are Golden Manufacturing, Inc., (United States), Davit Master Corporation (United States), Neptune Boat Lifts (United States), IMM Quality (United States), Hi-Tide (United States), JetDock (United States), Basta Boatlifts (United States), East Coast Boat Lifts (United States), ShoreMaster (United States) and HydroHoist (United States).