Inflatable Rafting Boat Market: Introduction

  • An inflatable rafting boat is a lightweight water craft whose sides and bow are made of flexible, inflatable tubes. The tubes are made of rubberized synthetic fabrics such as PVC and polyurethane. The tubes provide buoyancy, and are less expensive than traditional boats. The transom or back side of an inflatable boat may be rigid, providing a place to mount an outboard motor. The flooring of inflatable boats vary, depending on the size and purpose of the boat. It can classified as roll-up floor, hard floor, and air floor.

Key Drivers of the Global Inflatable Rafting Boat Market

  • Recreational boating activities have expanded over the years, for which, an inflatable boat is preferred, as inflatable kayaks and canoes offer more stability. Super buoyant, lightweight RIBs have cross-market appeal in both commercial as well as recreational markets. The large number of tourists visiting coastal regions creates opportunities for inflatable rafting boat manufacturers to expand their business. Maritime and coastal tourism, including recreational boating, is anticipated to play a crucial role in the growth of the inflatable rafting boat market globally.
  • Consumer awareness and brand awareness regarding sports equipment are expected to boost the demand for premium rafting equipment. Increasing demand from the commercial sector with the rising number of sports coaching centers is likely to propel the growth of the market from the commercial segment. Product advancement in terms of quality and design of rafting equipment are expected to rise as improved designs are demanded more. This is projected to lead to constant growth of the inflatable rafting boat market in the near future.

Factor Restraining the Global Inflatable Rafting Boat Market

  • Risks associated with water sports activities may act as a restraining factor to the growth of the inflatable rafting boat market.

Market in Asia Pacific to Expand Rapidly

  • In terms of region, the global inflatable rafting boat market can be divided into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
  • North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the inflatable rafting boat market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the inflatable rafting boat market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America inflatable rafting boat market is segmented into Brazil, and Rest of South America.
  • North America accounted for largest share of the global inflatable rafting boat market owing to rising popularity and increasing number of water sports participants among U.S. citizens for rafting. Growing number of rafting participants in the U.S. is creating opportunities for rafting equipment manufacturers, which is a prime factor driving the growth of the inflatable rafting boat market in North America.
  • The inflatable rafting boat market in Asia Pacific is projected to expand rapidly during the forecast period due to the rising popularity of water sports in the region, particularly water rafting among the younger generation in countries such as Japan, India, and China. Rapid growth in professionals is majorly pushing the demand for rafting equipment, which is expected to fuel the growth of the inflatable rafting boat market in the region.

Key Players Operating in the Global Market

Manufacturers in the inflatable rafting boat market are focusing on becoming more proficient and developing products with advanced technologies which will enhance their competitive advantage and their market share globally. Companies are focusing on innovations and developing cost efficient equipment, and targeting marketing activities to capture new markets and consolidate their position in the existing markets.

A few of the key players operating in the global inflatable rafting boat market are:

  • AB Marine
  • Bombard
  • Caribe Nautica
  • Damen
  • Demaree Inflatable Boats, Inc.
  • Grand Marine International Inc.
  • Highfield Boats Co., Ltd.
  • Mercury Marine
  • Patten co., Inc.
  • RIBCRAFT USA

Global Inflatable Rafting Boat Market: Research Scope

Global Inflatable Rafting Boat Market, by Material

  • Hypalon or Neoprene
  • PVC
  • Polyurethane

Global Inflatable Rafting Boat Market, by Pricing

  • High
  • Medium
  • Low

Global Inflatable Rafting Boat Market, by Application

  • Leisure
  • Professional & Sports
  • Others (Maritime Security, etc.)

Global Inflatable Rafting Boat Market, by Pricing

  • High
  • Medium
  • Low

Global Inflatable Rafting Boat Market, by Distribution Channel

  • Online
    • E-commerce Portal
    • Company Owned Portal
  • Offline
    • Hypermarket and Supermarket
    • Sport Stores
    • Others (Specialty Stores, etc.)

Global Inflatable Rafting Boat Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

The report on the global inflatable rafting boat market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
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The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Inflatable Rafting Boat Market