Boat Trailers Market Expected to Expand at a Steady CAGR through 2019 - 2029
Posted: Jun 30, 2019
Boat Trailer Market: Introduction: A boat trailer is a device that is designed to support the on-loading and off-loading of boats in the water. Boat trailers are commonly used to launch, carry, retrieve and store boats. These boat trailers are hydraulically driven and are used commonly in boat yards, boat haulers and boat building stations.
The major advantage of a boat trailer is that it offers the flexibility to transport boats to various places such as rivers, lakes, inlets, bays and the sea. The real challenge is the availability of powerful motor vehicles such as, trucks or super utility vehicles, to tow the boat. The towing depends on the type of the boat trailer and its weight. The most commonly used boat trailers are bunk and roller type trailers. Boat trailers are available in single axle, twin axle and triple axle types depending on the application they are deployed for. Boat trailers are commonly made of aluminum and used to transport heavy-duty, galvanized boats.
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Boat Trailer Market: Market Dynamics: The tourism sector has driven the global boat trailer market in the developed and developing economies. The growth in boat construction and subsequent sales have positively driven the adoption of new boat trailers among boat owners. The development in electric brakes over hydraulic brakes, and the availability of stainless steel disc brakes have driven the global boat trailers market. Currently, customized boat trailers are deployed in more numbers in developed economies such as, the US, the UK, and Germany. Also, boat trailers used for salt water boats prevent rust formation due to coatings and change of materials. Such developments have led to the growth of the global boat trailer market.
Boat Trailer Market: Market Segmentation: The global boat trailer market can be segmented into material type, carrying capacity, product type, category, number of axle, and application. On the basis of material type, the global boat trailer market is segmented into: Aluminum, Galvanized, Others. On the basis of category, the global boat trailer market is segmented into: Street-legal Boat Trailers, Storage Boat Trailers. On the basis of number of axle, the global boat trailer market is segmented into: Single axle, Twin Axle, Triple Axle. On the basis of application, the global boat trailer market is segmented into: Sailing Boats, Motor Power boats, Others.
Boat Trailer Market: Regional Outlook: North America and Western Europe are the key regions for the global boat trailer market. Globally, recreational activities and tourism sector have driven the adoption of boat trailers. The USA holds the major market share in the global boat trailer market. The developed economies of the US, the UK, France, Germany, and Japan are looking for growth in sales of customized boat trailers, which will directly support the global boat trailer market. Additionally, the growing tourism and fisheries sectors will positively drive the adoption of boat trailer.
During the forecast period, South East Asian countries will penetrate faster in the global boat trailers market. The manufacturers from China are driving the sales of boat trailers in the Asian market. It is expected that this trend will continue in the forecast period due to the increasing number of tourists in countries such as India, Indonesia, Vietnam, Thailand, Srilanka, Singapore and Malaysia. Manufacturers are looking to deploy their production in South East Asian and African countries. The growth of the tourism sector in UAE has ensured significant growth in the adoption and boats and boat trailers in the recent years.
Boat Trailer Market: Key Market Participants: Some of the key market participants in the global boat trailer market are: AmeraTrail,Charleston Trailer,Continental Trailers,Coyote MFG Co,EZ LOADER, Gateway Materials, J. Q. Tex, Inc.,Karavan Trailers,Load Rite Trailers, Inc,LOADMASTER TRAILERS,Malibu Boats,MASTERCRAFT, Midwest Industries, Inc.,Pacific Trailers,Ram-Lin & Central Florida Custom Trailers, Inc.,Road King Trailers,Venture Trailers Incorporated,West Coast Trailers,Xpress Boats.
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