Boat Covers Market: Introduction
- Boat covers are a piece of fabric that is used to cover the boats and to protect them from dust, dirt, water, and other contaminants. Boat covers are available in different sizes and materials in order to cover various boat types.
- The pandemic has compelled people to indulge in private get-togethers rather than a social one, and this has fueled boat sales. Rise in disposable income coupled with an increase in awareness about boat protection is expected to drive the boat covers market during the forecast period.
Key Drivers and Opportunities of the Global Boat Covers Market
- Boat cover is an essential accessory for boat protection. It helps safeguard the boat from sun damage, animals, corrosion, etc. The boat industry witnessed a surge in the demand for boats during the pandemic, creating an imbalance between demand and supply. Spare parts of boats were not available for a long period of time, which made consumers realize that utmost care of boats is required for efficient boat operation. This is expected to drive the boat covers market during the forecast period.
- The boat industry is expanding due to advancements in technology and introduction of new attractive boats that are easy to maneuver and new models of boat clubs, subscriptions, etc., which are prompting consumers to own a boat. Expansion of the tourist industry is also estimated to drive the number of boats, as numerous people opt for various water activities for leisure. Expansion of the fishing industry and water sports activity are estimated to propel the boat industry, which in turn is projected to fuel the boat cover market during the forecast period.
- Manufacturers operating in the market are introducing new combination of fabrics and designs to attract consumers. Bespoke service and custom made covers are likely to gain traction during the forecast period. Maintaining streamline supply chain coupled with regional penetration is estimated to create significant opportunity for manufacturers in the boat cover market during the forecast period.
North America to Hold Major Share of Global Boat Covers Market
- In terms of geography, the boat covers market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
- North America is expected to dominate the global market during the forecast period. Sales of boats in the U.S. skyrocketed during the pandemic which in turn is expected to fuel the demand of boat covers during the forecast period. North America is anticipated to be closely followed by Europe and Asia Pacific, in terms of share of the global market.
Key Players Operating in Global Boat Covers Market
- Carver by Covercraft Industries, LLC.
- Great Lakes Boat Top Co.
- NVequipment
- Oceansouth
- Shoretex Fabric Inc.
- Taylor Made
- Tecsew
- Tumacs Boat Covers
- West Marine
- Westland Covers
Global Boat Covers Market: Research Scope
Global Boat Covers Market, by Type
- Custom Boat Cover
- Pontoon Boat Cover
- Semi-Custom Boat Cover
- Ski Boat Cover
- Universal Fit Boat Cover
- V Hull Boat Cover
- Others (Mooring Covers, etc.)
Global Boat Covers Market, by Material
- Acrylic
- Polyester
- Others
Global Boat Covers Market, by Size
- Small
- Medium
- Large
Global Boat Covers Market, by Price
- Low
- Medium
- High
Global Boat Covers Market, by Distribution Channel
- Online
- E-commerce Websites
- Company Owned Websites
- Offline
- Hypermarkets & Supermarkets
- Specialty Stores
- Others Retail Stores
Global Boat Covers Market, by Region
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- South America
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
