This is providing a boost to the glass bottom boat market. With rising disposable incomes, people are increasingly traveling to new places for leisure and recreation. Increasing tourism and travel: The growth of the glass bottom boat market is directly linked to the growth of tourism and travel.Europe is expected to occupy the third position in terms of the revenue share by 2030, followed by Latin America and Africa. However, the region is projected to witness a decline in revenue share by XX% over the next decade due to the saturation of the market with several competitive players. The Asia Pacific is the second-largest market, with a revenue share of xx% in 2029. This growth can be attributed to the increasing popularity of recreational boating activities and the growing marine tourism industry across the U.S., Canada, and Mexico. The region is expected to witness a CAGR of XX% from 2022 to 2030. North America dominated the global glass bottom boat market in terms of revenue share in 2019. Aquariums provide educational programs about marine life through exhibits that include tanks with live fish, coral reefs, waterfalls, etc., attracting more people every year to this industry globally. The aquarium application segment is expected to grow at the fastest rate owing to rising demand for such vessels by zoos across the world. Moreover, these boats are used on lakes and reservoirs as it provides an excellent view of aquatic plants and animals from below which attracts visitors further. The use of glass bottom boats at a marina or on a cruise ship is an effective way to promote tourism and attract more people to the location. The park application segment accounted for the largest share of over 60% in 2015. The most common usage for outboard motors in boats is to provide propulsion, which enables the boat to move through the water by propelling liquid with a propeller, jet engine, or steam turbine. It can be either motorized or non-motorized. Outboard is the portion of a vessel that is located forward of the centerline.
Inboard components include bow, cockpit, salon (galley), engine room, and stern whereas outboard components include thwart (rear), masts, seating platform (aft deck), and Yamaha wind vane. It can be defined as either internal or external to the hull. Inboard is the part of a boat that is situated between the waterline and the centerline. They are used for tourism, research, and education purposes.
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Get Free Sample Report Product Definition:Ī glass bottom boat is a boat with a transparent bottom, allowing passengers to view the underwater environment.
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