Recreational Boating and Sports Fishing Trend to Spur the Demand for Deck Boat Market
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.
Moreover, the deck boat has the ability to offer a choice of either outboard or stern drive which makes it an ideal choice among the consumers as compared to a pontoon boat. However, the cost of deck boat is comparatively high as compared to its counterpart, which in turn, might hinder the growth of the market. With the growing trend of fishing as a recreation activity particularly in North America and Europe region, manufacturers are focusing on manufacturing new deck boat specifically designed for fishing by adding storage and fishing equipment. This, in turn, is expected to support the growth of the deck boat market during the forecast period.
COVID-19 Impact on the Global Deck Boat Market
The COVID-19 pandemic has raised several challenges for the boat manufacturers owing to the closure of plants in major countries like US, UK, Germany, and among others. The major concern for the players is the declining production of boats in key countries, which in turn, is affecting the boat industry as a whole. North America & Europe being the prime region for deck boat will see a maximum fall in the sales as these are widely affected regions and a significant market for deck boat.
Moreover, several regatta’s and fishing activities around the globe are cancelled owing to the lockdown imposed, thereby, hampering the sales of deck boat. However, the manufacturers are optimistic that once the lockdown is lifted consumers will prefer spending time with family and friends due to the increasing lifestyle. This, in turn, is anticipated to increase the sales of deck boat during the forecast period.
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.
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.
The research report presents a comprehensive assessment of the Deck Boat Market and contains deep insights, facts, historical and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Deck Boat Market segments such as by boat size, application, & region.
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The Deck Boat Market report covers exhaustive analysis on:
- Deck Boat Market Segments
- Deck Boat Market Dynamics
- Deck Boat Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis for Deck Boat Market includes:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, U.K., Spain, Germany, Rest of Europe)
- East Asia (China, Japan & South Korea)
- South Asia & Oceania (India, Malaysia, Thailand, Indonesia, Australia & Rest of South Asia & Oceania)
- Middle East and Africa (GCC Countries, Turkey, South Africa, & Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Deck Boat Market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
- Detailed overview of parent market
- Changing Deck Boat Market dynamics in the industry
- In-depth Deck Boat Market segmentation
- Historical, current and projected Deck Boat Market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key Deck Boat Market players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Deck Boat Market performance
- Must-have information for Deck Boat Market players to sustain and enhance their market footprint.
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
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)