Home Critical engine The boat trailer market reaches a valuation of US$1.

The boat trailer market reaches a valuation of US$1.

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DUBAI, United Arab Emirates, 04 Feb. 2022 (GLOBE NEWSWIRE) — Global boat trailer sales saw a historic CAGR of 4.2% from 2014 to 2021 and totaled $936.1 by the end of 2021. The world boat trailer market additionally expected to record a CAGR of 4.5% and top a valuation of approximately $1. 335.8 min by the end of 2029.

Future Market Insights (FMI) has published its latest report on Boat Trailers Market which includes Global Industry Analysis 2014-2021 and Opportunity Assessment 2022-2029 and covers key trends, success factors of the market, historical market value and volume, factors affecting the market, macroeconomic factors, as well as forecasting factors.

Global Boat Trailer Market Analysis (2021A) US DOLLARS$ 936.1 Mn
Global Boat Trailer Market Analysis Estimated Annual Value (2022) US DOLLARS$ 978.7 Mn
Global Boat Trailer Market Analysis Projected Annual Value (2029) US DOLLARS$ 1,335.8 Mn
CAGR Value (2022-2029) 4.5%
Share of collective value: Top 3 countries (2022) 55.5%

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FMI has conducted extensive research on the boat trailer market. The boat trailer market study estimates that the bunk trailer segment is expected to create significant opportunities for revenue growth in the global boat trailer market over the assessment period. The value of the global boat trailer market was ~US$800m in 2018. Boat Trailer Market Expected to Grow at a Healthy Rate CAGR of ~4.5% during the forecast period.

Increase boat sales for recreational activities

The growth of boat trailer market is directly correlated with increasing boat fleet and new boat sales. With the increase in the growth of maritime tourism and nautical activities, the demand for new boats is expected to increase, which in turn fuels the sale of boat trailers.

The main advantage offered by the boat trailer is to provide the flexibility to transport boats to various places such as creeks, rivers, lakes, bays and the sea. There are two types of boat trailers, trailers stackers and roller trailers, which are used by end users. With the increase in the boat fleet, the demand for boat trailers has also increased, as boat trailers ensure the safety of boats and increase the life of a boat.

Boat trailers also prevent saltwater boats from rusting due to coatings and changing materials. These features have led to the growth of the global boat trailer market.

In addition, the increase in the average life of the boat and the growth of boat maintenance and services, increase the sales of boat trailers for old boats. In 2017, more than 10 millions boats have been registered in the United States and this number is expected to increase with ~1% growth rate in the near future. With the increase in the boat fleet in the United States, sales of boat trailers are also increasing as the United States holds ~43% share of the global boat trailer market.
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Report scope

Attribute Details
Forecast period 2022-2029
Historical data available for 2014-2021
Market analysis Millions USD for value and units for volume
Key regions covered North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa
Main countries covered USA, Canada, Brazil, Mexico, Caribbean, Germany, Italy, France, UK, Spain, Sweden, Russia, India, ASEAN, China, Japan, South Korea, Oceania, GCC Countries, North Africa, Turkey, South Africa
Key Segments Covered By product type, material type, load capacity, by region
Profiled Key Companies • Kropf Industrial Inc.

• HOSTAR Marine Transport Systems Inc.

• TRIGANO Group

• Hydrotrans

• Balbi Rimorchi srl

• EZ-loader

• Midwest Industries Inc.

• FOLLOWED

• Charge the rite

• Karavan trailers

• HLT Ltd.

• Boatmate trailers

• Venture Trailers

Report cover Market forecasts, company share analysis, competitive intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives

Increasing the attractiveness of the South Asia-East Asia-ASEAN cluster market

In the global boat trailer market, South Asia and East Asia are expected to grow with a high growth rate over the forecast period owing to the growing number of marine tourists and also the increase in boat sales and boat fleet in all regions. In East Asia, China is one of the most important countries and holds a large share of the market due to the presence of several manufacturers in the country.

China is expected to drive the growth of the boat trailer market in East Asia. In South Asia, India and ASEAN countries are expected to drive the growth of the market due to increasing disposable income of the middle class population. The North American market is expected to be a leading market in the global boat trailer market, due to the high demand and use of boat trailers for personal and commercial applications.

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Additionally, Latin America, Middle East and Africa markets are also expected to grow with a healthy CAGR throughout the forecast period. We also considered the Caribbean region in Latin America. All important macroeconomic and forecasting factors are included while calculating the Boat Trailer market size.

Some of the major players involved in the manufacture of boat trailers included in this study are TRIGANO Group, Boatmate Trailers, Kropf Industrial Inc., Hydrotrans, Balbi Rimorchi Srl, EZ Loader, Shoreland’r, TRACKER, Load Rite, Hostar Marine Transport Systems Inc., Karavan Trailers, HLT Ltd. and Venture Trailers, among others.

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