The global demand for Boat Capstan Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
A boat capstan is a drum-shaped device used for hoisting weights or for winding ship’s anchor cable. A capstan is similar to a windlass, but unlike windlass, it rotates in a horizontal plane and around a vertical axis. It is made of iron and steel. Gears are using at the head of the capstan to provide a mechanical advantage when the bars are pushed anti-clockwise. In modern ships, the traditional capstans are being replaced by hydraulically or pneumatically operated windlass.
Booming tourism sector and rising disposable income of citizens in emerging economies, such as Brazil and China, are some of the key trends escalating market growth. Furthermore, increasing advancements in technologies are projected to boost the growth of the market over the coming years. Measures taken by governments of various countries for the development of marine tourism have worked in favour of the market. Initiatives such as increasing investments in the tourism industry, developing infrastructure, and changing regulations are poised to have a positive effect on the market over the coming years. Outboard boats and yachts are widely used by boaters for personal boating activities across the world and this trend is anticipated to continue over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of boat capstan.
The entire boat capstan market has been sub-categorized into type and applications. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Stainless Steel Base
- Chrome-Plated Bronze Base
- Aluminum Base
This section covers regional segmentation which accentuates on current and future demand for boat capstan market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Boat Capstan Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the boat capstan market include Lewmar, Maxwell Marine, Quick, Muir Windlasses, Italwinch, Other. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.