According to the research report titled, ‘Global Sailboat Market Size study, by Hull Type (Monohull, Multi-hull), Length (Up to 20 ft., 20-50 ft., Above 50 ft.) and Regional Forecasts 2021-2027,’ available with MarketStudyReport, global sailboat market was valued at USD 5.84 billion in 2020 and is expected to amplify at a CAGR of 2.4% during 2021-2027, thereby generating USD 6.89 billion by the end of the analysis timeline.
 

Various benefits offered by sailboats such as low maintenance and natural sailing experience, technological advancements in boats and engines, and numerous leading manufacturers adopting effective strategies to produce new models are aiding global sailboat market expansion. Citing an instance, Rolls-Royce Power Systems AG has invested on research and development activities associated with several sustainable technologies to create engines that are environment friendly.
 

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For the unversed, sailboats are basically smaller in size than sailing ships and are mostly propelled by sails. Surging number of virtual trade activities and growing popularity of motor yachts are augmenting industry outlook as well.
 

On the contrary, the fact that sailboat engines provide minimal resistance under sail, steep costs of sourcing raw materials, and high procurement and purchasing risks are likely to impede market progression in the ensuing years.
 

By length, global sailboat market is split into up to 20 ft, 20-50 ft, and above 50 ft whereas, bifurcation based on hull type includes monohull and multi-hull.
 

Regionally speaking, North America, Latin America, Asia Pacific, and Europe are considered to understand the dynamics of this business sphere. Among these, North America accounts for a significant share in the overall market accreditable to surging popularity of water activities like sailing, boating, and cruising in the U.S.
 

Meanwhile, Europe market is projected to amplify substantially over 2021-2027 owing to increasing number of trade shows and events by manufacturers in the region.
 

Key players operating in global sailboat market are Fountaine-Pajot, Dufour Yachts, Cantiere del Pardo S.p.A, HanseYachts AG, Catalina Yachts, Ferretti S.p.A, Bavaria Yachtbau GmbH, Groupe Beneteau, and Hallberg-Rassy Varvs AB.