Press release
Global yacht battery market to grow at a CAGR of 2.54% during the period 2017-2021
Description
Yachts are recreational boats designed with luxury amenities, and are purchased by individuals belonging to the high-income group. Yachts with a length greater than 24 feet are known as luxury yachts, superyachts, mega yachts, or large yachts. They are segmented based on size and propulsion, and are largely used for recreational purposes. The global yacht battery market is mainly driven by the increase in sales of leisure boats due to the rising popularity of boat shows in the US, Europe, and ROW. Leisure boat sales in the US is estimated to increase with the recovering economy. With the increase in disposable income in households, customers in the US are replacing their leisure boats.
Technavios analysts forecast the global yacht battery market to grow at a CAGR of 2.54% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global yacht battery market for 2017-2021. To calculate the market size, the report considers the number of yachts sold.
The market is divided into the following segments based on geography:
Europe
ROW
US
Technavio's report, Global Yacht Battery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Saft
Exide Technologies
GS Yuasa
Market driver
Growth of boating industry
For a full, detailed list, view our report
Download Sample Copy of This Report at: http://www.marketresearchreports.biz/sample/sample/1063498
Market challenge
Increasing sales of pre-owned boats
For a full, detailed list, view our report
Market trend
AGM batteries replacing lead-acid batteries
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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