GLOBAL USED BOAT MARKET

INTRODUCTION

The purchase and selling of previously owned boats is referred to as the used boat market. It is a bustling market where people may discover a variety of secondhand boats for different uses, including fishing, sailing, and commercial usage. When examining the market for secondhand boats, keep the following important factors in mind:

Powerboats, sailboats, fishing boats, pontoon boats, personal watercraft, and other boat types are available on the secondhand boat market in a variety of categories. Every boat type accommodates a variety of boating interests and activities. In addition, boats are sometimes divided into size-based categories, including small boats, mid-size boats, and huge yachts.

Pricing: Depending on the age, make, model, condition, equipment, and general market demand of the boat, the price of a used boat can vary widely. Popular boat brands and types typically fetch greater prices at auction. Fair market value for certain boats may be ascertained with the use of pricing guides, internet markets, and boat valuation services.

Maintenance and Condition: It's important to evaluate the condition of a secondhand boat. The hull, engine, plumbing, electrical systems, and general visual condition of the boat should all be assessed. Examine the boat's maintenance logs and inquire about previous improvements and repairs. A skilled professional's maritime survey may offer a thorough assessment of the boat's conditions. 

GLOBAL USED BOAT MARKET SIZE AND FORECAST

The Global Used Boat Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

 MARKET DYNAMICS   

Lack of inventory, a rise in boat value, and declining customer demand all contributed to market volatility. Online boat consumers' overall number of Google searches from the United States decreased significantly in December compared to the same month in 2019, indicating a decline in consumer demand. Consumer demand is dropping for the first time in three years.

According to Courtney Chalmers, vice president of marketing at Boats Group, "our marketplaces' share of voice is the highest it's ever been, which is a very positive sign for the health of the industry." The pandemic's repercussions on the demand and supply chains are still clearly felt today. Boats are still selling quicker and at greater prices than before the spike. 

Boat loan applications increased  in 2022 compared to 2021, claims Trident Funding, a reputable marine lender. According to Trident, the decline in loan amounts from 2021 was mostly due to higher interest rates.

According to Mark Breeden, president of Trident Funding, "borrowers are feeling the elevated boat prices and rate increases, but they still want to continue their adventures on the water, just in a more affordable way."

"The significant increase in applications received last year demonstrates boaters' commitment to their way of life and is promising for the business as we exit the boating boom that took place during the epidemic. We anticipate that the market will grow the number of methods for customers to enjoy their time on the platform as the supply chain and inventory levels normalize.

COMPANY PROFILE

• Lucintel 
• White River Marine Group
• Brunswick Corporation
• Groupe Beneteau 
• Malibu Inc. 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many used boats are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a  Global used boat and key vendor selection criteria
3. Where is the used boat manufactured? What is the average margin per unit?
4. Market share of Global used boat market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global used boat in-house
6. 5 key predictions for next 5 years in Global used boat market
7. Average B-2-B used boat market price in all segments
8. Latest trends in used boat market, by every market segment
9. The market size (both volume and value) of the used boat market in 2023-2030 and every year in between?
10. Production breakup of used boat market, by suppliers and their OEM relationship