Press Release: December 03, 2018
Self-sailing boats are a new trend in the boat building and repairing industry. Software of self-sailing boats allow these boats to independently move from point-to-point, avoiding obstacles and working with other boats along the way. Boat building companies are getting ready to build self-sailing boats and ships for commercial purpose using robotics technology. Roboat, a project by researchers from MIT, Delft University of Technology and Wageningen University and Research to build a fleet of autonomous canal-going vessels is investing in building day vessels.
THE BUSINESS RESEARCH COMPANY VALUED THE BOAT BUILDING AND REPAIRING MARKET AT $58 BILLION IN 2017
Asia Pacific was the largest geographic region in the market, accounting for more than half of the global market. This can be attributed to technologically advanced infrastructure to facilitate exports and imports, low-cost communications and access to potential new customers in this region.
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The chart below shows the year-on-year growth of the global boat building and repairing market during 2017 – 2021
According to The Business Research Company’s Consultant, Nitin Gianchandani, robotics skill is rapidly being used by the boatbuilding companies. Proficiency is increase by this technology. The boatbuilding process is also restructured. Robots use 3D camera sensor and system on chip (SoC) technologies to program soldering, blasting, painting, heavy lifting, pipe cleaning, inspection in a boatyard.
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Brunswick Corporation was the largest player in the global boat building and repairing market in 2017, with revenues of $4.5 billion in 2016. Brunswick Corporation’s growth strategy aims at tapping into international markets through mergers and acquisitions and manufacturing and distributing products globally with local styling.
The boat building and repairing market is segmented into Military Boat Building Repairing; Commercial Boat Building Repairing.
Military Boat Building And Repairing establishments manufacture and repair dinghies, hovercrafts, motorboats, rowboats, yachts, sailboats and inflatable rubber boats used in military operations.
Commercial Boat Building And Repairing establishments manufacture and repair dinghies, hovercrafts, motorboats, rowboats, yachts, sailboats and inflatable rubber boats used for commercial operations.
Boat Building And Repairing Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
About The Business Research Company
The Business Research Company is a market research and intelligence company, which excels in company, market and consumer research.
It has research professionals at its offices in the UK, India and the US as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, chemicals and technology.
The Business Research Company's management has more than 20 years of varied business research experience. They have delivered hundreds of research projects to the senior management of some of the world's largest organizations.
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