Market Forecast By Type (Outboard, Inboard, PWC, Others), By Application (Fishing, Watersports, Sailing, Others), By Power (Engine-Powered Boats, Sail-Propelled Boats) And Competitive Landscape
Product Code: ETC049325 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Thailand Boat Market |
Base Year | 2022 |
Historical Period | 2019-2022 |
Forecast Period | 2023-2029 |
Growth rate | XXXX |
Report Coverage | Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share |
Segment Coverage | By Type, By Application, By Power |
Customization Scope | 100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com |
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Thailand Boat Market report thoroughly covers the market by type, by application, and by power. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Thailand boat market refers to the industry involved in the manufacturing, distribution, and sale of boats and watercraft for various purposes, including leisure, tourism, fishing, transportation, and water sports.
According to 6Wresearch, the Thailand Boat Market Size is projected to grow during the forecast period of 2023-2029. Thailand vibrant tourism sector drives the demand for boats and watercraft for activities such as island hopping, snorkelling, and sightseeing tours. The popularity of recreational boating and water sports among locals and tourists fuels the demand for a variety of boats, including yachts, speedboats, and jet skis. Thailand significant fishing industry requires a range of fishing boats and vessels for commercial fishing operations. The increased use of boats for tourism and fishing activities may raise concerns about environmental impacts and marine conservation efforts. Ensuring adequate infrastructure, such as marinas and boat repair facilities, and reliable support services are essential for the Thailand Boat Market Growth. The boat market is subject to various regulations and safety standards, and compliance with these requirements can be a challenge for boat manufacturers and operators.
Covid-19 Impact on the Market
The COVID-19 pandemic had a significant impact on the Thailand Boat Market. The tourism industry, which is a major driver of boat sales, was severely affected by travel restrictions and lockdowns. The decline in international and domestic tourism likely resulted in reduced demand for boats used in tourism-related activities. However, as restrictions eased and domestic tourism resumed, there might have been a gradual recovery in certain segments of the boat market.
Key Players of the Market
Some well-known international boat manufacturers that might have a presence in Thailand include Yamaha Motor Co., Ltd., Brunswick Corporation (Sea Ray, Boston Whaler, and Mercury Marine), Azimut Yachts, Princess Yachts International PLC, Beneteau Group.
Government policies and schemes introduced in the Thailand Boat Market
The government has established maritime safety regulations to ensure that boats meet certain safety standards. This includes requirements for equipment and operational practices to enhance safety on the water. The government have policies in place to regulate the environmental impact of boating activities, including measures to prevent pollution and promote sustainable practices. Also, Thailand has specific import and export regulations related to boats and related equipment. These regulations influence the availability and pricing of boats in the Thailand Boat Industry. The Thai government have specific policies and regulations governing the fishing industry, including rules for fishing boats and sustainable fishing practices. The government further promote safety and training programs for boat operators, including licensing requirements and training courses to ensure the competent and responsible operation of boats.
Market Analysis by Type
According to Nikhil, Senior Research Analyst, 6Wresearch, the PWC (Personal Watercraft) segment is expected to lead the Thailand Boat Market Share over the forecast period and appears to be a rapidly growing one on account of the appeal of these supple and high-performance watercraft for various water sports enthusiasts.
Key attractiveness of the report
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Type
By Application
By Power
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Boat Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Boat Market Revenues & Volume, 2023 & 2030F |
3.3 Thailand Boat Market - Industry Life Cycle |
3.4 Thailand Boat Market - Porter's Five Forces |
3.5 Thailand Boat Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 Thailand Boat Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.7 Thailand Boat Market Revenues & Volume Share, By Power, 2020 & 2030F |
4 Thailand Boat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Boat Market Trends |
6 Thailand Boat Market, By Types |
6.1 Thailand Boat Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Boat Market Revenues & Volume, By Type, 2023 - 2030F |
6.1.3 Thailand Boat Market Revenues & Volume, By Outboard, 2023 - 2030F |
6.1.4 Thailand Boat Market Revenues & Volume, By Inboard, 2023 - 2030F |
6.1.5 Thailand Boat Market Revenues & Volume, By PWC, 2023 - 2030F |
6.1.6 Thailand Boat Market Revenues & Volume, By Others, 2023 - 2030F |
6.2 Thailand Boat Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Boat Market Revenues & Volume, By Fishing, 2023 - 2030F |
6.2.3 Thailand Boat Market Revenues & Volume, By Watersports, 2023 - 2030F |
6.2.4 Thailand Boat Market Revenues & Volume, By Sailing, 2023 - 2030F |
6.2.5 Thailand Boat Market Revenues & Volume, By Others, 2023 - 2030F |
6.3 Thailand Boat Market, By Power |
6.3.1 Overview and Analysis |
6.3.2 Thailand Boat Market Revenues & Volume, By Engine-Powered Boats, 2023 - 2030F |
6.3.3 Thailand Boat Market Revenues & Volume, By Sail-Propelled Boats, 2023 - 2030F |
7 Thailand Boat Market Import-Export Trade Statistics |
7.1 Thailand Boat Market Export to Major Countries |
7.2 Thailand Boat Market Imports from Major Countries |
8 Thailand Boat Market Key Performance Indicators |
9 Thailand Boat Market - Opportunity Assessment |
9.1 Thailand Boat Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Thailand Boat Market Opportunity Assessment, By Application, 2020 & 2030F |
9.3 Thailand Boat Market Opportunity Assessment, By Power, 2020 & 2030F |
10 Thailand Boat Market - Competitive Landscape |
10.1 Thailand Boat Market Revenue Share, By Companies, 2023 |
10.2 Thailand Boat Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |