Lucintel Forecasts the Global Composite Materials in the Global Boating Market to Reach $1,466 million by 2030

CITY, Country, 2024-May-23 — /EPR Network/ —

According to a market report by Lucintel, the future of the global composite materials in the global boating market looks promising with opportunities in sailboard, inboard and strendrive, outboard and others shoes.. The global composite materials in the global boating market is expected to reach an estimated $1,466 million by 2030 from $1093.5 million in 2023, at a CAGR of 4.0% from 2023 to 2030. The major driver for this market is penetration of composites in the new applications in marine due to its better mechanical properties like corrosion resistance and chemical resistance.

Browse 127 figures / charts and 120 tables in this 147 -page report to understand trends, opportunity and forecast in composite materials in the global boating market to 2030 by engine type (sailboat, inboard and sterndrive, and others), material used (advance composites and commodity composites), and region (North America, Europe, Asia Pacific, and Rest of the World)

Lucintel forecasts that, inboard and sterndrive is expected to be the largest engine type by value and volume and it is also expected to witness the highest growth over the forecast period due to the increase in consumer’s disposable income and maintaining lifestyle of the consumers.

Download sample by clicking on composite materials in the global boating market

North America is expected to remain the largest region by value and volume and over the forecast period due to increasing retail sale units of the boats in this region. Europe is expected to witness the highest growth over the forecast period.

Toray Industries Inc., Solvay, Gurit, DuPont, Hexion Coatings and Composites Inc, Owens Corningare the major suppliers in the composite materials in the global boating market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1–972–636–5056 or write us at helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056

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