Product Code: ETC049339 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia boat market is expected to grow at a CAGR of 5.3% during the forecast period 2020-2026. The major factors driving growth in this market include increasing demand for recreational activities, growing awareness about water sports and marine tourism, rising disposable income of people, strong government initiatives towards developing infrastructure for leisure activities such as yachting and boating, and encouraging foreign investments in the country??s maritime industry. Additionally, rapid urbanization resulting in an increase in real estate projects near coastal areas is also likely to drive the growth of boats market in Saudi Arabia over the forecast period.
Increasing demand for recreational activities, Growing awareness about water sports and marine tourism , Rising disposable income of people, Strong government initiatives towards developing infrastructure for leisure activities such as yachting and boating , and Encouraging foreign investments in the country??s maritime industry are some drivers estimated to boost the market growth.
High cost associated with maintenance & repair service and Lack of professional workforce trained to operate or maintain vessels are some challenges hampering the market growth.
With travel restrictions imposed due to covid-19 pandemic across different countries has badly affected both domestic as well international tourists which have subsequently impacted global boat sales negatively. Moreover slowdown in economic activity coupled with job losses have further aggravated the situation leading to a slump in consumer spending power thereby impacting overall boat sales globally .However it is anticipated that once normalcy returns post covid times ,boat sales will witness revival on accountof increasing participation from high net worth individuals (HNWIs)in sailing/boating/yacht events organized globally with health & safety protocols making it more feasible alongwith government support through tax exemptions granted on purchase & leasing contracts etc.
Major players operating within Saudi Arabia Boat Market include Brunswick Corporation ,Princess Yacht International Ltd., Azimut Benetti SpA , Ferretti Group SPA , Sunseeker International Limited Inc., Sea Ray Boats inc., Bavaria Yachtbau GmbH etc.
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 Saudi Arabia Boat Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Boat Market Revenues & Volume, 2020 & 2030F |
3.3 Saudi Arabia Boat Market - Industry Life Cycle |
3.4 Saudi Arabia Boat Market - Porter's Five Forces |
3.5 Saudi Arabia Boat Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 Saudi Arabia Boat Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.7 Saudi Arabia Boat Market Revenues & Volume Share, By Power, 2020 & 2030F |
4 Saudi Arabia Boat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Boat Market Trends |
6 Saudi Arabia Boat Market, By Types |
6.1 Saudi Arabia Boat Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Boat Market Revenues & Volume, By Type, 2020-2030F |
6.1.3 Saudi Arabia Boat Market Revenues & Volume, By Outboard, 2020-2030F |
6.1.4 Saudi Arabia Boat Market Revenues & Volume, By Inboard, 2020-2030F |
6.1.5 Saudi Arabia Boat Market Revenues & Volume, By PWC, 2020-2030F |
6.1.6 Saudi Arabia Boat Market Revenues & Volume, By Others, 2020-2030F |
6.2 Saudi Arabia Boat Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Boat Market Revenues & Volume, By Fishing, 2020-2030F |
6.2.3 Saudi Arabia Boat Market Revenues & Volume, By Watersports, 2020-2030F |
6.2.4 Saudi Arabia Boat Market Revenues & Volume, By Sailing, 2020-2030F |
6.2.5 Saudi Arabia Boat Market Revenues & Volume, By Others, 2020-2030F |
6.3 Saudi Arabia Boat Market, By Power |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Boat Market Revenues & Volume, By Engine-Powered Boats, 2020-2030F |
6.3.3 Saudi Arabia Boat Market Revenues & Volume, By Sail-Propelled Boats, 2020-2030F |
7 Saudi Arabia Boat Market Import-Export Trade Statistics |
7.1 Saudi Arabia Boat Market Export to Major Countries |
7.2 Saudi Arabia Boat Market Imports from Major Countries |
8 Saudi Arabia Boat Market Key Performance Indicators |
9 Saudi Arabia Boat Market - Opportunity Assessment |
9.1 Saudi Arabia Boat Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Saudi Arabia Boat Market Opportunity Assessment, By Application, 2020 & 2030F |
9.3 Saudi Arabia Boat Market Opportunity Assessment, By Power, 2020 & 2030F |
10 Saudi Arabia Boat Market - Competitive Landscape |
10.1 Saudi Arabia Boat Market Revenue Share, By Companies, 2023 |
10.2 Saudi Arabia Boat Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |