Individuals’ changing lifestyles brought on by a healthy rise in income levels is what drives consumer spending on leisure activities. One of the main recreational activities for people worldwide is using watercraft. There are a few accessories that are essential for watercraft activities to provide optimum fun and worker safety. Equipment, components, or systems that can be employed during watercraft recreation to enhance its fun, safety, and aesthetic value are known as watercraft accessories. Battery chargers, water sports, bilge pumps, go-pros, dock lines and fenders, flush kits, lifting slings, fuel jugs and accessories, locks and cables, quick drain kits, race buoys, and many other items are included in the category of watercraft accessories.
In 2021, the global market for watercraft accessories had a value of US$ 6551. 0 million, and in 2022, it is projected to grow to US$ 6,901.1 million. Due to the expanding use of watercraft across numerous industries, the overall demand for watercraft accessories is also predicted to develop at a strong CAGR of 6.0% between 2022 and 2032, reaching a worth of US$ 12,382.9 Mn by 2032.
In recent years, using a boat has become one of the most enjoyable things to do when spending time with friends or family. Some water crafting activities include campaigns, races, sailing, fishing, and water sports. Boats and other vessels, such as runabouts, pontoons, cabin cruisers, fishing boats, towboats, sailboats, personal watercraft, stern drive powerboats, jet boats, etc., are also considered to be watercraft.
Market Participants:
- Yamaha Motor Corporation
- WireCo
- Bombardier Recreational Products Inc.
- IRM Offshore and Marine Engineers Private Limited.
- Covercraft Industries, LLC
- BEXCO NV
- Kawasaki Motors Corp.
- AXIOM CORDAGES LIMITED
- Samson Rope Technologies
- TEUFELBERGER
- DAN-FENDER
- Garware Technical Fibres Ltd.
- EVOLUTION TRADING (SHANGHAI)CO.LTD
- SHEICO Group
- ABSOLUTE OUTDOOR, INC.
- Manson Anchors Limited
- Attwood Corporation
- Gottifredi Maffioli S.r.l.
- Gleistein GmbH
- Greenfield Products Inc.