October 04, 2022 11:38 ET | Source: ReportLinker ReportLinker
New York, Oct. 04, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Sailboat Global Market Report 2022” – https://www.reportlinker.com/p06325440/?utm_source=GNW
The global sailboat market is expected to grow from $5.76 billion in 2021 to $6.02 billion in 2022 at a compound annual growth rate (CAGR) of 4.4%. The sailboat market is expected to reach $6.69 billion in 2026 at a CAGR of 2.7%.
The sailboat market consists of sales of sailboats by entities (organizations, sole traders, and partnerships) that refer to a boat propelled forward by wind power.A sailboat’s engine is much smaller and uses less space than a powerboat’s engine, which helps in reducing the maintenance and fuel costs.
These sailboats can be monohulls or multi-hulls and are intended to be used on the weekend or for longer cruises.
The main types of sailboats are the ketch, cutter, and junk.The ketch refers to sailboats containing two masts.
These sailboats have triangular or square rigs that are easy to handle and offer additional precision.The sailboats come in various lengths such as up to 20 ft, 20-50 ft, and above 50 ft.
They are used for recreation, racing, and sail training.
North America was the largest region in the sailboat market in 2021. The regions covered in the sailboat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The sailboat market research report is one of a series of new reports that provides sailboat market statistics, including sailboat industry global market size, regional shares, competitors with a sailboat market share, detailed sailboat market segments, market trends and opportunities, and any further data you may need to thrive in the sailboat industry. This sailboat market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The increasing popularity of marine activities is expected to propel the sailboat market.Marine activities have been economic growth drivers, providing natural resources and access to trade and transportation, recreational opportunities, and other activities in general, with high expectations for future growth.
Due to these growths in marine activities, the market is witnessing the demand for sailboats for commercial and leisure use, as it boosts the aquatic function efficiently by indulging less fuel and power costs. For instance, In May 2022, according to the EU blue economy report 2022, overall, the effectiveness of the marine living resource sector has steadily improved over the production and related activities, generating a gross value added (GVA) of $19.8 billion in 2019, with a 31 % increase to 2009. Therefore, the increase in marine activities is expected to boost demand for sailboats during the forecast period.
Product innovations are a key trend gaining popularity in the sailboats market.The market is witnessing the implementation of new technologies such as form following function in a sailboat to enhance operational performance and improve safety capabilities.
This form follow function is based on the technical requirements to achieve a unique performance by combining minimum drag and maximum propulsion, enabling perfect gliding properties.For instance, In January 2022, Aeolos Composites, a UAE-based designer and producer of high-performance yachts, launched Aeolos P30, a conventional series yacht for single and double shore sailing.
This boat uses a twin rudder system and a single rudder system in its design for sailing in strong winds.
In April 2020, a Sweden-based yacht builder Orust Quality Yachts AB, which owns Najad AB, acquired Arcona Yachts AB for an undisclosed amount.With this acquisition, the companies will manufacture and sell premium sailing yachts and continue to develop and sell yachts under different brands.
Arcona Yachts AB is a Sweden-based manufacturer of racing, cruising, and sailing yachts.
The countries covered in the sailboat market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Read the full report: https://www.reportlinker.com/p06325440/?utm_source=GNW
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