Deck boat is designed for speed and as the name suggest it has maximum deck space for recreational fishing, water sports, and entertainment purposes. Owing to the deck boat’s V-shaped hull, they are easy to operate and control as compared to the conventional boat. Deck boat is gaining significant popularity as they enable the operator to have complete control over the boat by offering stable journey no matter what the speed is. Further, with the growing number of outdoor events such as recreational fishing and sports fishing activities is expected to drive the growth of deck boat market
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Regional Analysis: Developed Countries to Foster the Growth of Deck Boat Market
Developed countries in North America and Europe like US, Germany, Netherland, Spain, and UK among other countries are poised to witness significant growth in the deck boat market. However, in the current scenario, the global economy is showing a downward trend due to global pandemic especially in these developed regions, thereby, slowing the growth of deck boat market. However, post coronavirus related lockdown in several countries, the demand for deck boat will swiftly on back of consumer inclination towards recreational boating, fishing, and even with the growing trend for boat parties.
Moreover, manufacturers are focusing on improving the performance of the deck boat by installing high power engines as consumers in the region are demanding high powered boat. Such factors are anticipated to contribute to the growth of deck boat market in the region. On the other hand, Australia and New Zealand is further anticipated to create ample opportunities for players operating in the deck boat market owing to the higher consumer spending and rising trend of recreational and sports in these countries.
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Global Deck Boat Market Competitive Landscape
The deck boat market is fragmented with large number of players. Some of the prominent players are Bayliner, Bryant Boats, Caravelle Boat Group, Chaparral Boats, Polaris Inc., Concept Boats, Crownline Boats, Ebbtide Corporation, Four Winns, Ganz Boats, Rec Boat Holdings, LLC Glastron, Brunswick Corporation, and NauticStar Boats, among others
These players are focusing on product launches which will enable them to enhance market resiliency. For instance, in 2019, Bayliner expanded its DX series of deck boat with the launch of DX2200 and DX2250 sterndrive models. The newly launched boat is equipped with modern styling interiors & comfort coupled with ample seating and lounge space.
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Deck Boat Market: Market Segmentation
For a better understanding, global Deck boat market is being studied under boat size, application & region.
Based on the size, the Deck Boat market can be segmented as:
- Less than 20 Feet
- 20-24 Feet
- Above 24 Feet
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Based on the application, the Deck boat market can be segmented as:
Based on the region, the Deck Boat market can be segmented as:
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
The research answers important questions, including the following:
- How does the market look like by the end of 2029?
- Why the demand for the highest in region?
- What manufacturing techniques are involved in the production?
- What are the new products launched by players?
- In which year region will surpass region in terms of value?
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