Global Cabin Cruisers Market Overview:
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. Some of the key players profiled in the study are 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).
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 2018. Europe on the other hand stood as second largest market due to the presence of key companies into 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.
- Highly Escalating Marine Traffic Across the Globe
- Increasing Demand from Tourism Industry
- Increasing Adoption of Highly Automated Cabin Cruisers
- Growing Demand for Light Weight and Safe Cabin Cruisers
- Higher Initial Investments required for Purchasing Cabin Cruisers
- Significant Post Purchase Maintenance
- Increasing Disposable Incomes and Economic Stability across the Developing and Developed Nations
- Upsurging Demand for Private Cruise Parties
- Robust Distribution Overheads Associated with Cabin Cruisers
- Requires Knowledgeable Drivers and Growing Importance of Cruiser Safety
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.
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
Major Objectives Focused through this Study To define, describe, and forecast the Global Cabin Cruisers market on the basis of product [Inboard Motor and Outboard Motor] , application [Leisure and Entertainment, Business Communication and Public Affairs], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Cabin Cruisers market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Cabin Cruisers industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Chaparral Boats, Inc. (United States), Marlow Yachts Limited Inc. (United States), Chris-Craft Corporation (United States) and Cruisers Yachts (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Cabin Cruisers market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.