About Cabin Cruisers
Over the past few decades, the global disposable incomes have upsurged the applications of the tourism industry which has ultimately upsurged the demand for marine tourism across the globe. Cabin cruiser boats are the mobile mini-vacation boats equipped with numerous home-based facilities so that the consumers can also plan entire family trips or vacations on waterborne adventures. In addition to this, continues advancements in the cabin cruisers, as well as the upsurging marine industry developments, will further lead to business growth over the forecasted period. However, higher initial investments and significant post-purchase maintenance might stagnate the demand over the forecasted period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Cabin Cruisers 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.
Brunswick Corporation (United States), Bertram Yachts (United States), Carver Yachts (United States), Campion Boats (Canada), Crownline Boats (United States), Fibrafort Boats (Brazil), Rinker Boats (United States), Delphia Yachts (Poland), Larson Boats (United States) and Boston Whaler (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Chaparral Boats, Inc. (United States), Marlow Yachts Limited Inc. (United States), Chris-Craft Corporation (United States) and Cruisers Yachts (United States).
Segmentation Overview
AMA Research has segmented the market of Global Cabin Cruisers market by Type (Inboard Motor and Outboard Motor), Application (Leisure and Entertainment, Business Communication and Public Affairs) and Region.
On the basis of geography, the market of Cabin Cruisers 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). North America region held largest market share in the year 2021. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End Use Industry, the sub-segment i.e. Personal will boost the Cabin Cruisers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Wooden Cabin-Cruiser will boost the Cabin Cruisers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Cabin Cruisers Market Dynamics:
Attributes | Details |
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Growth Drivers | - Highly Escalating Marine Traffic Across the Globe
- Increasing Demand from Tourism Industry
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Influencing Trends | - Increasing Adoption of Highly Automated Cabin Cruisers
- Growing Demand for Light Weight and Safe Cabin Cruisers
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Restraints | - Higher Initial Investments required for Purchasing Cabin Cruisers
- Significant Post Purchase Maintenance
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Road Blocks / Challenges | - Robust Distribution Overheads Associated with Cabin Cruisers
- Requires Knowledgeable Drivers and Growing Importance of Cruiser Safety
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Gaps & Opportunities | - Increasing Disposable Incomes and Economic Stability across the Developing and Developed Nations
- Upsurging Demand for Private Cruise Parties
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Market Leaders and their expansionary development strategies
On September 05, 2019, Brunswick Corporation has formed Aluminum Boat Group (ABG), a further step in its systematic plan to fully leverage the scale of its boat business to drive operational excellence, create market-leading products and deliver continued operating margin improvement. ABG is comprised of seven of Brunswick’s leading boat brands including Lund, Harris, Lowe, Crestliner, Princecraft, Cypress Cay and Thunder Jet.
Key Target Audience
Cabin Cruiser Manufacturers, Cabin Cruiser Distributors/Traders/Wholesalers, Cabin Cruiser Subcomponent Manufacturers, Automobile Industry Associations, Government Agencies, Research and Development Institutes, Upstream and Downstream Vendors 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.