More Information @ https://bit.ly/2r2Ww3x Rising travel and recreational activities owing to increasing disposable income across the globe are driving the industry growth.

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Water Taxi Market Trends, Growth & Forecast, 2018 - 2024

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Increasing disposable income along with high standards of living has led to a
substantial growth in recreational and travel activities, primarily driving the industry
growth over the forecast timeframe.
Rising preference towards water taxis is attributed to provision of numerous
sightseeing opportunities including waterfront cruises, historic landmark cruises,
snorkeling, and scenic tours. Continuously improving economic conditions across the
globe is further strengthening the water taxi market penetration owing to increased
expenditure on recreational activities.
Sail boats are leading the product segment and will continue its dominance with
approximately 78% volume share over the next seven years. Substantial production of
these boats coupled with their high usage for covering short distances will primarily
drive the industry growth.
Ferries will witness over 6% CAGR from 2018 to 2024 owing to their lesser travel
rates as compared to the counterparts. They are used for the passenger
transportation, majorly for the work purposes.
Key Insights from Water Taxi Market:

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 Electric ferries have witnessed a surging demand over the past years owing to rising
vitality of green movement across the globe, further impacting their production
significantly. However, capital intensive nature of these taxis along with high
operational costs may curb the growth of water taxi market participants.
 Diesel is expected to dominate the water taxi market with over 58% volume share by
2024. Strong prevalence of the fuel in the marine industry coupled with high
presence of diesel-driven taxis across the globe will essentially contribute to the
revenue generation.
 Hybrid taxis will exhibit over 5% CAGR over the next seven years owing to provision
of various benefits including lesser noise and water pollution. Strengthening
penetration of green movement will further promote their usage, further propelling
the industry growth.
Continued...

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Latest Research Report On Water Taxi Market @
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U.S. Water Taxi Market, By Product, 2017 & 2024, (Units)

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• Ferretti
• Sunseeker
• Brunswick
• Beneteau Group
• Azimut-Benetti
• Catalina Yachts
• Hunter
• Mac Gregor
• American Sail Inc., Bavaria Yachtbau, and Princess
Major Companies in Water Taxi Market:

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Industry Coverage

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North America water taxi market share will dominate the overall industry, surpassing
USD 287 billion by 2024. Established marine industry coupled with presence of
prominent manufacturers will primarily contribute towards the revenue generation. The
marine transportation has witnessed increasing passenger traffic in the countries
including Canada and U.S., further supporting the regional dominance.
Asia Pacific market will witness growth at over 5% from 2018 to 2024 owing to their
increasing production of across the region. Easy availability of cheap labor along with
shifting consumer preference towards usage of these taxis due to increasing traffic
congestion on roads and railways will drive the region’s growth.
Regional Insights in Water Taxi Market:

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