The Middle East Leisure Boats Market is expected to grow to US$ 2,947.1 million by 2027 from US$ 1,840.0 million in 2017, growing at a CAGR of +4%.
Middle East region comprises a significant high net-worth individual (HNI) population. A majority of this population has an affinity towards spending on travel and leisure activities. They prefer new experiences and privacy to spend some quality time. Today, people are shifting towards more personalized holiday vacations such as renting superyachts to discover the region's coastlines. Renting a crewed superyacht provides them the flexibility to personalize their travel plan and explore, thus offering liberty to make the most of every moment of their vacation. Therefore, it makes the Middle East one of the most lucrative regions for the leisure boats market.
The Middle East Leisure Boats market is driven by the factors like; rising application of these systems in different verticals, rising demand for efficient management of data due to the fact of threats, rise in the technology of cloud which is turning the solutions to be more economical and few other factors. The factors restraining the market can be less utilization in underdeveloped countries & small organization.
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Top Key Vendors:
- Gulf Craft Inc.
- AL Shaali Marine
- AL Hareb Marine
- AL Fajer Marine LLC
- Al Seer Marine Supplies & Equipment Company L.L.C
- Ribcraft Middle East
- Ocean Boats
- Al Suwaidi Marine
- Al Marakeb Manufacturing Boats Est
- Instinct Marine
This report studies the Middle East Leisure Boats market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the market by companies, region, type and end-use industry.
It gives the broad elaboration of the market by analyzing the market into several regions such as Key Regions of Middle East Leisure Boats Market Covered in this report: Bahrain, Egypt, Algeria, Iran, Iraq, Jordan, Kuwait, Libya, Morocco, Oman, Qatar Additionally, it presents a comparative study of key players operating in regions
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Leisure boats market by application is segmented:
Some of the key questions answered by the report are:
- Jet boats
- Cabin cruisers
What was the Middle East Leisure Boats market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
This report studies the Middle East Leisure Boats Market status and outlook of and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in the market, and splits the Middle East Leisure Boats market by product type and applications/end industries.
The report comprises a detailed analysis of the market potential as per the parameters mentioned in Porter’s Five Force Model. The report also has a comprehensive view of the Middle East Leisure Boats market on the bases of SWOT analysis, and results are also presented simultaneously in this report. The analysis of the Middle East Leisure Boats market is included to help understand the competitive landscape in terms of various strengths, opportunities, weaknesses, and threats allied with the industry.