Sailboat Industry Overview
The global sailboat market size is expected to reach USD 7.03 billion by 2028, expanding at a CAGR of 2.4% from 2021 to 2028, according to a new report by Grand View Research, Inc. Increased investments in research and development activities is one of the major drivers for the market growth. Companies are collaborating with international engineering firms, yacht designers, and technological innovation providers to develop new models. For instance, the HanseYachts Group uses Catia-a design software-which enables it to map the entire production and development process from the first design to the activation of production machines. Other companies are also adapting to changing market conditions and responding quickly to changing customer preferences to maintain their positions in the market.
Sailboat Market Segmentation
Grand View Research has segmented the global sailboat market based on hull type, length, and region:
Based on the Hull Type Insights, the market is segmented into Monohull, Multi-hull.
- The monohull segment dominated the sailboat market in 2020 and accounted for a 56.0% share of the global revenue. The segment is expected to register a steady growth rate over the forecast period.
- Monohull sailboats are experiencing a significant increase in demand due to the increasing disposable incomes of customers and growing demand for leisure activities such as yachting and sailing.
- The multi-hull segment is expected to expand at a CAGR of 2.6% over the forecast period. The popularity of multi-hull sailboats is growing as they offer a combination of onboard living space, speed, safety, and performance. New age catamarans and trimarans have very sharp bows and narrower hulls below the waterline, which helps them glide through and run over the waves with ease.
Based on the Length Insights, the market is segmented into Up to 20 ft., 20-50 ft., Above 50 ft..
- The 20-50 ft. segment dominated the market in 2020 and accounted for more than 54.0% share of the global revenue. The segment is expected to expand at a CAGR of 2.4% over the forecast period. Cruising catamarans, cruising sailboats, motorsailers, and racer-cruiser racing sailboats are some of the common types of sailboats that come in the 20-50 ft. category.
- The up to 20 ft. segment is expected to register a CAGR of 2.7% over the forecast period. The sailboats used for daytime sailing for a short period are usually up to 20 ft. long. The most common sailboats in this category include sailing dinghies, beach catamarans, and daysailers.
Sailboat Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa (MEA)
Key Companies Profile Market Share Insights
The market features a highly fragmented competitive landscape. The market players are focused on enhancing their service offerings to better cater to the changing needs of users and stay competitive.
Some prominent players in the global sailboat market include
- Hallberg-RassyVarvs AB
- BENETEAU GROUP
- Bavaria Yachtbau
- Ferretti Group
- Catalina Yachts
- HanseYachts AG
- CANTIERE DEL PARDO S.p.A.
- Dufour Yachts
- Fountaine Pajot
Order a free sample PDF of the Sailboat Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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