The report titled “The U.S. Powerboat Market With Focus on Ski Boat: 2016-2020” provides an in-depth analysis of the U.S. powerboat market with detailed analysis of market size and growth pattern in the market.
Summary
Summary
Powerboat,
also known as motor boat, is a relatively small watercraft propelled by an
internal-combustion or electric engine. They range in size from miniature craft
designed to carry one person to seagoing vessels of 100 feet (30 m) or more.
They can be broadly classified on the basis of engine as, Outboard boats,
Inboard boats, Sterndrive boats and Jet boats.
The U.S.
powerboat market increased at a significant CAGR during the span of 5 years,
i.e. 2010-2015 and projections are made that the market would rise in the next
five years, i.e. 2016-2020 tremendously. The upsurge in the market was largely
driven by the rise in the demand for the ski boats among individuals as well as
firms providing water sports activities.
The major
growth drivers for the U.S. powerboat market are: rise in the adult boating
participation & consumer confidence, the upsurge in the tourism industry
& housing starts in the U.S. along with the decline in the gasoline prices.
Despite the market is governed by various growth drivers, there are certain
challenges faced by the market, such as aging population, environmental issues,
regulatory framework, hostile weather conditions and shortage of boat moorings.
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