The global demand for Motorboat Insurance Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Motorboat insurance is an insurance policy that offers coverage for boats and personal watercraft. Motorboat insurance, also known as watercraft or personal watercraft insurance, usually covers towing and wreckage removal and fuel spill indemnification. This type of insurance may be purchased for a sailboat, houseboat, and other watercraft up to specific size and value. Motorboat insurance coverage and the kind of coverage available usually vary according to the type of motorboat being insured. This is because different types of powerboat carry different risks. Motorboat insurance covers most watercraft with motors, including fishing boats, sailboats, pontoon boats, paddle boats, leisure crafts, and yachts.
The thriving tourism sector and rising disposable income of citizens are key trends in rising market growth. Additionally, the growing participation of people in recreational and competitive boating activities across the globe is projected to boost the market. Recreational boating activities are earning popularity among tourists due to the rising number of boating events across the world. Marine and coastal tourism has risen as a significant tourist attraction among citizens in developing countries. Moreover, Asia Pacific countries such as China and Australia are witnessing new growth opportunities in the market.
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 motorboat insurance.
The entire motorboat insurance market has been sub-categorized into product type and application. 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.
By Product Type
- Actual Cash Value
- Agreed Amount Value
This section covers regional segmentation which accentuates on current and future demand for motorboat insurance 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 Motorboat Insurance 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 motorboat insurance market include Zurich, AXA, AVIVA, State Farm, Allianz, GEICO, Sompo Japan Nipponkoa, CPIC, Markel Corporation, Kemper Corporation, Allstate, MetLife, PingAn, Westfield, Westpac, RAA, Northbridge, RSA Insurance, Helvetia, Pantaenius Yacht Insurance, Generali, United Marine Underwriters, Pacific Marine, and others. 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.