The global yacht battery market to grow at a CAGR of 2.54% during the period 2017-2021.
The report, Global Yacht Battery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
The latest trend gaining momentum in the market is AGM batteries replacing lead-acid batteries. Batteries provide the necessary power for starting the boat engine and power the internal electrical components. The main types of batteries used are lead-acid batteries and lithium-ion batteries. Lead-acid batteries are less expensive and are preferred by OEMs for installing in most of the non-luxury yachts.
According to the report, one of the major drivers for this market is growth of boating industry. Increase in the number of boat shows in the US and the rise in the number of participants are driving the boating industry in the country. Sales of powerboats in the US has increased about 80% in 2014. Wakeboard or ski boats, personal watercraft, aluminum fishing boats, pontoon boats, and fiberglass runabouts accounted for the majority of the powerboat sales in the US. About 97 million participants registered for water sports and events in the US in 2014. The boating industry in the US has been positively impacted by the recovery of the US economy, stronger job market, and decrease in fuel prices.
- Exide Technologies
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
For more information about this report visit http://www.researchandmarkets.com/research/8zth3n/global_yacht