Global Foldable Inflatable Boats Market Size By Type (Three People Capacity, Four People Capacity, Five People Capacity), By Application (Water Entertainment, Fishing, Life Saving), By Geographic Scope And Forecast

Foldable Inflatable Boats Market Size And Forecast

Foldable Inflatable Boats Market size was valued at USD 2.15 Billion in 2020 and is projected to reach USD 2.68 Billion by 2028, growing at a CAGR of 3.4% from 2021 to 2028.

Growing leisure activities in US and European countries, the demand for the Foldable Inflatable Boats Market. Increasing use of these boats for disaster management and life-saving purposes is driving the market growth. The Global Foldable Inflatable Boats Market report presents a holistic evaluation of the market. The report gives a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are performing a substantial role in the market

Global Foldable Inflatable Boats Market Definition

Foldable Inflatable boats are the light-weight, foldable boats made using flexible tubes filled with pressurized gas. These boats are used for recreational boating, fishing and disaster and lifesaving purpose. As these boats are compact and foldable, it is generally used for recreational purpose. These boats are made up of rubberized synthetic fabrics, PVC and polyurethane, and other materials which reduces its overall weight for better sailing. As these boats are compact, they are generally powered by motors, sails or oars. Easy to deploy and light-weight characteristics of the inflatable boats makes is excellent choice for leisure activities especially in the calm rivers.

Global Foldable Inflatable Boats Market Overview

The demand for foldable inflatable boats is on rise mainly due to significant rise in leisure activities. Rise in the water sports and leisure activities especially by the millennial and young population is driving the demand for inflatable boats. Rise in the spending power, growing leisure industry due to substantial rise in the travel and tourism is promoting the market growth. Stressed work environment, hectic lifestyle has pushed the population towards outdoor leisure activities, such as fishing, boating, and others. Few surveys have shown hike in the water sports and leisure activities despite pandemic affecting the globe. Increasing interest of the population in the adventure and water sports in different parts of world has promoted market growth.

Global Foldable Inflatable Boats MarketSegmentation Analysis

The Global Foldable Inflatable Boats Market is segmented on the basis of Type, Application, And Geography.

Foldable Inflatable Boats Market, By Type

• Three People Capacity• Four People Capacity• Five People Capacity• More than Five People Capacity

Based on type, the market is segmented into Three People Capacity, Four People Capacity, Five People Capacity, more than five people capacity. The three people capacity is the most preferred type of foldable as it is compact. Load bearing capacity of the boats in largely dependent on the large tube diameter that provides excellent payload capacity.

Foldable Inflatable Boats Market, By Application

• Water Entertainment• Fishing• Life Saving• Other

Based on Application, the Global Foldable Inflatable Boats Market is segmented into Water Entertainment, Fishing, Life Saving, Other. The leisure of water entertainment segment has gained dominating share due to growing inclination of the population towards water sports and leisure activities. Increased spending of the population in the leisure activities with expanding middle class population base in emerging nations has increased in recent years which is promoting the segment growth. In addition to this, the demand for the foldable inflatable boats for fishing is also increasing, as recreational fishing is among the most enjoyed outdoor activity. Compact size with foldable feature has increased the use of the inflatable boats in water entertainment application

Foldable Inflatable Boats Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of regional analysis, the Global Foldable Inflatable Boats Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The North American region has gained prominent share in the global market as large pool of population are investing in buying foldable leisure boats and accessories. Easy availability of foldable inflatable boats through online channel has further spiked the sales of the leisure boats in the US. The Asia-Pacific is projected to grow at the fastest CAGR due to growing awareness regarding the leisure sports products. Asian population is increasingly showing interest in recreational and leisure activities, as an outcome of increased disposable income.

key Players

The “Global Foldable Inflatable Boats Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Adventure Inflatable Boats, BOMBARD, ZODIAC, Zebec, Weihai Hifei Marine, ZAR Mini GmbH, Plastimo, Lomac, GRAND Inflatable Boats, Forwater. among others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.• Provides insight into the market through Value Chain.• Market dynamics scenario, along with growth opportunities of the market in the years to come.• 6-month post-sales analyst support.

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