Pune, 14, Dec, 2022: Maximize Market Research is a leading automotive and transportation research firm that has delivered a detailed analysis of the Water Taxi Market The report includes key business insights, demand analysis, pricing analysis and competitive landscape. The report expects the market to grow from USD 445.6 Billion in 2021 to USD 612.18 Billion by 2029 at a CAGR of 4.05 percent during the forecast period from 2022 to 2029.
Water Taxi Market Scope and Research Methodology
The report provides insights into the Water Taxi Market with information on current and future trends. It draws inferences from the data collected to present a report that is easy to understand with the help of data visualization. To understand the prevailing opportunities in the market, the growth rate of the market with estimations is provided in the report along with pricing and demand analysis. For a better grasp of the competitive landscape, an analysis of major companies along with new entrants is conducted by services offered, revenue generated, financial status, portfolio, new product launches and adoption of technological advancement.
The Water Taxi Market is dominated by the North American region. To understand this scenario, the research conducts a regional analysis of the market equipped with information on their natural endowments, fierce marketing strategies, mergers and acquisitions, joint ventures and technological advancements adopted by them. The report strives to serve as a guide to investors for grabbing new investment pockets in the market, for new entrants to perceive the market better for developing their business stance for entering the market along with market share domination, market penetration, demand and pricing analysis and for market followers to better understand the Water Taxi Market.
For an in-depth analysis of the services being offered, a segment-wise analysis of the Water Taxi Market is conducted by Type, Fuel and Region. Data is collected using both primary and secondary research methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was meticulously collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases. SWOT, PESTLE and Porter’s Five Force analysis are conducted to understand the threats, strengths, weaknesses and lucrative opportunities prevailing in the market. The report thus provides a comprehensive analysis of the Water Taxi Market along with recommendations on investment and pricing strategies.
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Water Taxi Market Overview
Like any other mode of transport, a water taxi takes passengers from one place to another over a waterbody for a particular sum of money. Traditionally these large powerboats were used to carry people and goods from one small village to another that was stationed near a water body. Now, this service of ferrying people over a river to get them to their destination is known as a water taxi. These are private and public services in nature serving residents and tourists.
Water Taxi Market Dynamics
An improvement in the standard of living of people due to economic development has resulted in people spending more on leisurely activities. Preferences like these have increased demand for Water Taxi Market. Consumers are also preferring ferries as opposed to pricey yachts and cruises which is a contributing factor to the increasing demand for water taxis. Increasing leisurely time and recreational activities are driving the Water Taxi Market growth. The advent of digitization is serving the water taxi industry well with companies introducing online pick-up apps in the form of UberBoat.
Advantages offered by this mode of transportation include cost-effectiveness, fast point-to-point service and most importantly time lost in traffic are some of the factors giving water taxis an edge over others. Technological advancements in the field have been increasing given the strong competition in the market. This has led to the introduction of hybrid taxis which are expected to witness growth with movements to reduce carbon emissions. Electric water ferry is also an example of advancements in the field in an effort to support the green movement. Such developments are expected to increase demand for the Water Taxi Market over the forecast period.
Water Taxi Market Regional Insights
North America held the largest market share and is expected to continue to grow over the forecast period. This growth is attributed to a robust marine system developed in the region and the concentration of major taxi manufacturers in the region. Countries like the U.S. and Canada are driving regional Water Taxi Market growth.
The Asia-Pacific region is also expected to witness significant growth during the forecast period. Factors responsible for regional growth include cheap labour and the penetration of water taxi manufacturers in the region. Changing consumer preferences with the shift towards water taxies is also increased Water Taxi Market demand because of almost zero traffic.
Water Taxi Market Segmentation:
By Type:
- Yachts
- Cruise
- Ferries
- Sail Boats
By Fuel:
- Battery Powered or Electric
- Diesel
- Hybrid
Water Taxi Market Key Manufacturers include:
- Beneteau Group
- Brunswick
- Azimut-Benetti
- Ferretti
- Sunseeker
- Bavaria Yachtbau
- American Sail Inc
- Catalina Yachts
- MacGregor
- Hunter
- Princess
- Sea Bubbles
- Sea Bird
- San Pedro Water Taxi
- Pirate Water Taxi
- Rowes Wharf Water Transport
- Water Taxi Miami
- Groupe Beneteau
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Key questions answered in the Water Taxi Market are:
- What is Water Taxi?
- What is the current growth rate of the Water Taxi Market?
- What is the nature of competition in Water Taxi industry in developed and developing economies?
- Who are the key players in the Water Taxi Market?
- Who are the market leaders in Water Taxi in USA and Canada?
- Who are the market leaders in Water Taxi in India, China, Japan and South Korea?
- What are the factors affecting growth in the Water Taxi Market?
- Who held the largest market share in Water Taxi Market?
- What are the factors for the growth of Asia-Pacific region in Water Taxi Market?
- Which are the major industries diving the Water Taxi Market?
- Wat are the restraints to the growth of the Water Taxi Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Type, Fuel and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading automotive and transportation research firm, has also published the following reports:
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Sailboat Market-The Sailboat Market size is expected to reach USD 7.11 billion by 2029 at a CAGR of 2.85 percent during the forecast period. The Sailboat Market is expected to be driven by research and development and increase in online trade exhibitions.
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