Published Date: 2020-01-31 | Pages: Ongoing | Tables: Ongoing | Report ID: 8294 | Industry: Automation & Transportation |
Format :
The tourism industry, especially marine, has witnessed significant growth in the past few years. Growing interest among people for exploring new places, particularly along the coast, has resulted in huge demand for boat trailers. Boat trailers offer varied benefits including simplified storage, safety, flexibility, easy manoeuvrability, and durability. They are used for commercial as well as personal applications.
Booming Marine and Coastal Tourism Industry to Foster Market Growth
The market for Boat Trailer will exhibit positive outlook in future owing to booming marine and coastal tourism industry across the globe. Growing trend among people of owning smaller boats for fishing, rowing, surfing, and various other water activities is driving the demand for Boat Trailers. Additionally, surge in the number of recreational water sports centres is eventually creating robust demand for boat trailers. Growing demand for personalized Boat Trailers in the developed countries is positively impacting the growth of the Boat Trailer market.
Adoption of Advanced Technology to Increase among Manufacturers
Company profiling of the key players of global Boat Trailer market comprising Hostar, Mecanorem, J. Q. Tex, Inc., LOADMASTER TRAILERS, Charleston Trailer, Coyote MFG Co, Balbi Rimorchi, Conolift, AmeraTrail, Midwest Industries, Inc, Hydrotrans, Roodberg, SL, West Coast Trailers, YPMarinas, Enduro Trailers, Karavan Trailers, EZ Loader Trailer, Venture Trailers Incorporated, SPITFIRETRAILERS, Load Rite, Gateway Materials, Midwest Industries, Inc., Pacific Trailers, and Xpress Boats is mapped by the report.
Key players are increasingly adopting novel and advanced technologies to improve the operational efficiency of the Boat Trailers. Manufacturers are focusing on developing lightweight boat trailers so as to lower fuel consumption and make operation and maintenance easier, while keeping the quality and durability intact.
Market Segmentation
By Material Type
● Aluminum
● Galvanized
● Others
By Product Type
● Bunk
● Roller
● Others
By Axle
● Single axle
● Twin Axle
● Triple Axle
By Capacity
● Less than 2,000 lbs
● 2,001 – 5,000 lbs
● 5,001 – 10,000 lbs
● More than 10,000 lbs
By Boat Type
● Sail Boat
● Ski Boat
● Pontoon
● Catamaran
● Others
The market analysts have predicted that the demand for bunk trailers may rise in the years to come on account of their low cost and less maintenance requirement. As far as the material type is concerned, Boat Trailer is commonly made of aluminum as it is durable, affordable, and can be used to transport heavy-duty boats. Boat trailers are available in varied axle types, however they are deployed depending on the application. The report has also analysed the capacity and boat type segments.
By Region
Surge in the recreational water activities and rise in boat fleet in Canada and the US makes North America a key region in the Boat Trailer market. APAC is likely to create lucrative opportunities for the manufacturers of Boat Trailers. This is accredited to growing marine tourism and increase in the water activities in the developing countries.
The automotive industry has undergone myriad changes over the past century. It has stirred a revolution, setting in motion trends that have completely transformed the transportation industry. Digitalization has drastically helped business models evolve by leaps and bounds. Major developments in the emerging economies have provided the automotive and transportation industry is a massive boost in recent years.
Increasing investments in automobile manufacturing, especially in the developing countries, strengthening trade and business opportunities, and growing e-commerce has all made its contribution towards shaping the automotive and transportation industry. Our reports take a detailed look at the various factors driving this industry and assess the lucrative opportunities for the players in the near future. The reports discuss the future of artificial intelligence, Internet of Things, vehicle-to-vehicle communication, and autonomous vehicles with utmost objectivity. The next-generation technological advancements and changing outlooks of the players have been studied with unbiased scrutiny for a clear picture of the trajectory of the industry.
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