Market Forecast By Type (Outboard, Inboard, PWC, Others), By Application (Fishing, Watersports, Sailing, Others), By Power (Engine-Powered Boats, Sail-Propelled Boats) And Competitive Landscape
Product Code: ETC049302 | Publication Date: Jan 2021 | Updated Date: Mar 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Brazil Boat Market report thoroughly covers the market by type, by application, and by power. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Brazil boat market has been growing steadily in recent years due to the country's diverse coastline and numerous waterways. It offers a wide range of boating experiences such as sailing, fishing, cruising, and water sports. The demand for boats is primarily driven by the growing popularity of leisure activities among the population. Additionally, the rising use of advanced technology in boats. With the development of cutting-edge navigation and safety systems, boaters can now enjoy a safer and more efficient boating experience. This has led to an increase in demand for technologically advanced boats, especially among the younger generation.
According to 6Wresearch, the Brazil Boat Market size is estimated to reach at a CAGR of 6.2% during the forecast period 2024-2030. The country's strong economy and increased disposable income. As the population becomes more affluent, there is a growing trend towards investing in leisure activities, including boating. Additionally, the increasing number of tourists visiting Brazil has also contributed to the demand for boats. However, there are certain challenges that the Brazil boat industry faces. The high import tariffs on boats make it expensive for manufacturers to enter the market, limiting competition. This results in higher prices for consumers, making boat ownership a luxury for many. Additionally, the lack of proper infrastructure and facilities in some coastal areas makes it difficult for boaters to access the water, limiting the growth potential of the market. Despite these challenges, there are several trends that are shaping the Brazil boat market. One of them is the increasing demand for eco-friendly and sustainable boats. With growing awareness about the impact of traditional boating on the environment, there is a shift towards electric and hybrid boats powered by renewable energy sources. This trend is expected to continue as consumers become more environmentally conscious.
The Brazilian government has implemented several initiatives aimed at bolstering the boating industry and making Brazil a more attractive destination for nautical tourism. These include regulatory reforms to simplify the process of boat ownership and operation, as well as incentives for manufacturers to adopt eco-friendly technologies.
The Brazil boat market is dominated by a mix of local and international manufacturers that are innovating in the space of eco-friendly and technologically advanced vessels. Some of the key players include Schaefer Yachts, Triton Yachts, and Azimut-Benetti.
The Brazil boat market growth is projected to surge in the coming years, driven by evolving consumer preferences towards sustainable and technologically integrated boating experiences. The trend towards experiential boating is expected to spawn new business models and services, further enriching the boating ecosystem. Additionally, as environmental regulations become more stringent, there will be an increased push towards innovation in eco-friendly boats, setting the stage for Brazil to emerge as a leader in sustainable nautical tourism.
According to Dhaval, Research Manager, 6Wresearch, the Personal Watercraft (PWC) segment is notably experiencing steady growth. PWCs appeal to a younger demographic and adventure seekers, due to their ease of use, affordability, and thrilling performance. This trend is reflective of a broader shift towards experiential activities in the leisure sector.
Based on the application, watersports are increasing the Brazil boat market revenue. This can be attributed to the rising popularity of water-based activities such as surfing, wakeboarding, and jet skiing among Brazilians and tourists alike.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Brazil Boat Market Overview |
3.1 Brazil Country Macro Economic Indicators |
3.2 Brazil Boat Market Revenues & Volume, 2020 & 2030F |
3.3 Brazil Boat Market - Industry Life Cycle |
3.4 Brazil Boat Market - Porter's Five Forces |
3.5 Brazil Boat Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 Brazil Boat Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.7 Brazil Boat Market Revenues & Volume Share, By Power, 2020 & 2030F |
4 Brazil Boat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Brazil Boat Market Trends |
6 Brazil Boat Market, By Types |
6.1 Brazil Boat Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Brazil Boat Market Revenues & Volume, By Type, 2020-2030F |
6.1.3 Brazil Boat Market Revenues & Volume, By Outboard, 2020-2030F |
6.1.4 Brazil Boat Market Revenues & Volume, By Inboard, 2020-2030F |
6.1.5 Brazil Boat Market Revenues & Volume, By PWC, 2020-2030F |
6.1.6 Brazil Boat Market Revenues & Volume, By Others, 2020-2030F |
6.2 Brazil Boat Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Brazil Boat Market Revenues & Volume, By Fishing, 2020-2030F |
6.2.3 Brazil Boat Market Revenues & Volume, By Watersports, 2020-2030F |
6.2.4 Brazil Boat Market Revenues & Volume, By Sailing, 2020-2030F |
6.2.5 Brazil Boat Market Revenues & Volume, By Others, 2020-2030F |
6.3 Brazil Boat Market, By Power |
6.3.1 Overview and Analysis |
6.3.2 Brazil Boat Market Revenues & Volume, By Engine-Powered Boats, 2020-2030F |
6.3.3 Brazil Boat Market Revenues & Volume, By Sail-Propelled Boats, 2020-2030F |
7 Brazil Boat Market Import-Export Trade Statistics |
7.1 Brazil Boat Market Export to Major Countries |
7.2 Brazil Boat Market Imports from Major Countries |
8 Brazil Boat Market Key Performance Indicators |
9 Brazil Boat Market - Opportunity Assessment |
9.1 Brazil Boat Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Brazil Boat Market Opportunity Assessment, By Application, 2020 & 2030F |
9.3 Brazil Boat Market Opportunity Assessment, By Power, 2020 & 2030F |
10 Brazil Boat Market - Competitive Landscape |
10.1 Brazil Boat Market Revenue Share, By Companies, 2023 |
10.2 Brazil Boat Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |