Saudi Arabia Boat And Yacht Market Outlook: Market Forcast For Yacht Market By Types, By Length, By Propulsion For Boat Market By Types (Inboard Boats, Outboard Boats, Personal Watercraft Boats & Others, By Applications, By Power Source And Competitive Landscape

Saudi Arabia Boat and Yacht Market report thoroughly covers market by types, length, applications, power source and propulsion. Saudi Arabia Boat and Yacht Market outlook report provides an unbiased and detailed analysis of the on-going Saudi Arabia Boat and Yacht 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.

Saudi Arabia Boat and Yacht Market Synopsis

Saudi Arabia Boat and Yacht market growth was witnessed to be moderate during the period 2018-2021 underpinned by rising tourism in the country. The Saudi Arabian government has placed strong emphasis on infrastructure as a key engine of urban growth, henceforth driving the growth of boat and yacht market in the country. However, the COVID-19 pandemic slowed the market supplies during the year 2020 as the movement restrictions imposed during the pandemic period disrupted the supply chain.

According to the publisher, the Saudi Arabia Boat and Yacht Market size is projected to grow at a CAGR of 19.4% during 2022-2028. The primary reason for growth in Saudi Arabia boat and yacht revenue can be attributed to the geographical location and upcoming infrastructure projects such as NEOM, Red Sea project, The Rig, Amaala and many more in the country. Saudi Vision 2030 aims to promote infrastructural development and new laws for private sector establishment. Moreover, the rising per capita income of Saudi Arabia would play a crucial role in improving the demand for luxury and recreational activities, hence boosting the sales of boats and yachts in the country.

Yacht Market By Types Analysis

Within Yachts, Flybridge Yachts acquired more than 34% of the market share in terms of revenue in 2021. This is on account of rise in preference for leisure or recreational activities along with increasing fishing trends in the country. On the basis of propulsion, motor yachts garnered major market revenue share during the year 2021 and is expected to dominate the market over the coming years as well on account of high speed and power, large distance coverage, among others and highly preferred by the people for the advanced systems and equipment installed across the country.

Boat Market By Types Analysis

Within Boats, Outboard Boats acquired more than 44% of market share in terms of revenue in 2021. Owing to growing tourism industry and features such as better speed, low maintenance cost compared to other segments and they are easier to dock along with rising inclination toward outdoor recreational activities in the market.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2028.
• Base Year: 2021
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Saudi Arabia Boat and Yacht Market Overview
• Saudi Arabia Boat and Yacht Market Forecast
• Saudi Arabia Boat and Yacht Market Outlook
• Historical Data and Forecast of Saudi Arabia Boat and Yacht Market Revenues, for the Period 2018-2028F
• Historical Data and Forecast of Yacht Market Revenues, By Types, for the Period 2018-2028F
• Historical Data and Forecast of Yacht Market Revenues, By Length, for the Period 2018-2028F
• Historical Data and Forecast of Yacht Market Revenues, By Propulsion, for the Period 2018-2028F
• Historical Data and Forecast of Boat Market Revenues, By Types, for the Period 2018-2028F
• Historical Data and Forecast of Boat Market Revenues, By Applications, for the Period 2018-2028F
• Historical Data and Forecast of Boat Market Revenues, By Power Source, for the Period 2018-2028F
• Saudi Arabia Boat and Yacht Market Share/Ranking, By Market Players
• Covid-19 Impact on Saudi Arabia Boat and Yacht Market
• Market Drivers and Restraints
• Market Trends
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

For Yacht Market:

By Types:

• Super Yacht
• Flybridge Yacht
• Sports Yacht
• Long Range Yacht
• Others (Mega Yachts)

By Length

• Upto 20 metres
• 21-50 metres
• Above 50 metres

By Propulsion

• Motor Yacht
• Sailing Yacht

For Boat Market:

By Types:

• Inboard Boats
• Outboard Boats
• Personal Watercraft Boats
• Others (Inflatable, Sail Boats)

By Applications

• Watersports
• Fishing
• By Power Source
• IC Engine
• Electric