Water Taxi Market by Product Type, by Application and Geographic: Analysis, Size, Growth, Trends, and Forecast, 2024-2028

Market size

The global water taxi market is witnessing substantial growth due to increasing urbanization, rising traffic congestion, and the growing need for efficient and eco-friendly transportation solutions.This growth is driven by the rising demand for water-based transportation, especially in coastal cities and regions with extensive waterways.

Market report highlights

Fuel Type	Electric Diesel Hybrid
Application	Personal Use Commercial Use
Regional Landscape	North America Europe APAC South America The Middle East and Africa
Key Companies Profiled	Azimut-Benetti Bavaria Yachtbau Beneteau Group Brunswick Catalina Yachts Ferretti MacGregor Sunseeker

Market report insights

 

• Consumer Preferences: Growing preference for eco-friendly and efficient modes of transportation. Increasing popularity of water taxis among tourists and commuters.
• Technological Advancements: Development of electric and hybrid propulsion systems, advancements in autonomous water taxi technology.
• Regulatory Environment: Government regulations promoting the use of environmentally friendly transportation solutions.
• Sustainability: Increased focus on reducing carbon emissions and promoting sustainable water transport solutions.

Market segmentation

• By Type:

  • Ferries
  • Yacht Tenders
  • Sailboats
  • Canal Boats

• By Fuel Type:

  • Electric
  • Diesel
  • Hybrid
  • Gasoline

• By Passenger Capacity:

  • Up to 10 Passengers
  • 11-30 Passengers
  • Above 30 Passengers

• By Application:

  • Passenger Transportation
  • Recreational
  • Commercial
  • Others

Regional analysis

Competitive landscape

 

The water taxi market is competitive, with several key players focusing on innovation and expansion. Major companies include:

• American Sail Inc.: Known for its diverse range of watercraft.
• Azimut-Benetti Group: Leading manufacturer of luxury yachts and water taxis.
• Bavaria Yachtbau: Specializes in the production of high-quality watercraft.
• Beneteau Group: Offers a wide range of recreational and commercial watercraft.
• Brunswick Corporation: Focuses on innovative and sustainable water transportation solutions.

These companies are investing in research and development, strategic partnerships, and mergers and acquisitions to maintain their market positions and expand their product portfolios.

Market Dynamics

 

• Drivers:

  • Increasing urbanization and traffic congestion in major cities.
  • Rising demand for eco-friendly and efficient transportation solutions.
  • Growth in the tourism industry.
  • Advancements in water taxi technologies.

• Restraints:

  • High initial costs of electric and hybrid water taxis.
  • Maintenance and operational challenges.
  • Regulatory hurdles in certain regions.

• Opportunities:

  • Expansion into emerging markets.
  • Development of autonomous and hybrid water taxis.
  • Increasing use of water taxis for recreational purposes.

• Challenges:

  • Ensuring passenger safety and compliance with maritime regulations.
  • Adapting to changing weather conditions and waterway regulations.
  • Addressing concerns about the environmental impact of traditional water taxis.

Faq

 

 What is driving the growth of the water taxi market?

The growth is driven by increasing urbanization, traffic congestion, environmental concerns, and the growth of the tourism industry.

Who are the key players in the water taxi market?

Key players include American Sail Inc., Azimut-Benetti Group, Bavaria Yachtbau, Beneteau Group, and Brunswick Corporation.

What are the emerging trends in the water taxi market?

Emerging trends include the development of electric and hybrid water taxis, the use of autonomous technology, and the adoption of eco-friendly materials.

How is the market segmented?

The market is segmented by type (ferries, yacht tenders, sailboats, canal boats), fuel type (electric, diesel, hybrid, gasoline), passenger capacity (up to 10 passengers, 11-30 passengers, above 30 passengers), and application (passenger transportation, recreational, commercial, others).

Which region has the largest water taxi market?

North America has the largest water taxi market, with the U.S. being a key contributor.

What are the challenges faced by the water taxi market?

Challenges include high initial costs of electric and hybrid water taxis, maintenance and operational challenges, and regulatory hurdles.

What opportunities exist in the water taxi market?

Opportunities include expansion into emerging markets, development of autonomous and hybrid water taxis, and increasing use of water taxis for recreational purposes.

Table of Contents

1 Executive Summary

• 1.1 Market overview
  • Exhibit 01: Executive Summary – Chart on Market Overview
  • Exhibit 02: Executive Summary – Data Table on Market Overview
  • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
  • Exhibit 04: Executive Summary – Chart on Market by Geography
  • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
  • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
  • Exhibit 07: Executive Summary – Chart on Incremental Growth
  • Exhibit 08: Executive Summary – Data Table on Incremental Growth
  • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
  • Exhibit 10: Parent market
  • Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
  • Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
  • Exhibit 13: Market segments

• 3.3 Market size 2023

• 3.4 Market outlook: Forecast for 2023-2028
  • Exhibit 14: Chart on North America - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 16: Chart on North America: Year-over-year growth 2023-2028 (%)
  • Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)

4 Historic Market Size

• 4.1 Dietary supplements market in North America 2018 - 2022
  • Exhibit 18: Historic Market Size – Data Table on dietary supplements market in north America 2018 - 2022 ($ billion)

• 4.2 Distribution Channel Segment Analysis 2018 - 2022
  • Exhibit 19: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ billion)

• 4.3 Product Segment Analysis 2018 - 2022
  • Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ billion)

• 4.4 Geography Segment Analysis 2018 - 2022
  • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
  • Exhibit 22: Five forces analysis - Comparison between 2023 and 2028

• 5.2 Bargaining power of buyers
  • Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

• 5.3 Bargaining power of suppliers
  • Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

• 5.4 Threat of new entrants
  • Exhibit 25: Threat of new entrants – Impact of key factors in 2023 and 2028

• 5.5 Threat of substitutes
  • Exhibit 26: Threat of substitutes – Impact of key factors in 2023 and 2028

• 5.6 Threat of rivalry
  • Exhibit 27: Threat of rivalry – Impact of key factors in 2023 and 2028

• 5.7 Market condition
  • Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Distribution Channel

• 6.1 Market segments
  • Exhibit 29: Chart on Distribution Channel - Market share 2023-2028 (%)
  • Exhibit 30: Data Table on Distribution Channel - Market share 2023-2028 (%)

• 6.2 Comparison by Distribution Channel
  • Exhibit 31: Chart on Comparison by Distribution Channel
  • Exhibit 32: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2023-2028
  • Exhibit 33: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 34: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 35: Chart on Offline - Year-over-year growth 2023-2028 (%)
  • Exhibit 36: Data Table on Offline - Year-over-year growth 2023-2028 (%)

• 6.4 Online - Market size and forecast 2023-2028
  • Exhibit 37: Chart on Online - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 38: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 39: Chart on Online - Year-over-year growth 2023-2028 (%)
  • Exhibit 40: Data Table on Online - Year-over-year growth 2023-2028 (%)

• 6.5 Market opportunity by Distribution Channel
  • Exhibit 41: Market opportunity by Distribution Channel ($ billion)
  • Exhibit 42: Data Table on Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Product

• 7.1 Market segments
  • Exhibit 43: Chart on Product - Market share 2023-2028 (%)
  • Exhibit 44: Data Table on Product - Market share 2023-2028 (%)

• 7.2 Comparison by Product
  • Exhibit 45: Chart on Comparison by Product
  • Exhibit 46: Data Table on Comparison by Product

• 7.7 Others - Market size and forecast 2023-2028
  • Exhibit 63: Chart on Others - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 64: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 65: Chart on Others - Year-over-year growth 2023-2028 (%)
  • Exhibit 66: Data Table on Others - Year-over-year growth 2023-2028 (%)

• 7.8 Market opportunity by Product
  • Exhibit 67: Market opportunity by Product ($ billion)
  • Exhibit 68: Data Table on Market opportunity by Product ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview
  • Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation
  • Exhibit 70: Chart on Market share by geography - 2023-2028 (%)
  • Exhibit 71: Data Table on Market share by geography - 2023-2028 (%)

• 9.2 Geographic comparison
  • Exhibit 72: Chart on Geographic comparison
  • Exhibit 73: Data Table on Geographic comparison

• 9.6 Market opportunity by geography
  • Exhibit 74: Market opportunity by geography ($ billion)
  • Exhibit 75: Data Table on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges
  • Exhibit 76: Impact of drivers and challenges in 2023 and 2028

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
  • Exhibit 77: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
  • Exhibit 78: Overview on factors of disruption

• 11.4 Industry risks
  • Exhibit 79: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
  • Exhibit 80: Vendors covered

• 12.2 Market positioning of vendors
  • Exhibit 81: Matrix on vendor position and classification

• 13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist
  • Exhibit 82: Inclusions checklist
  • Exhibit 83: Exclusions checklist

• 13.3 Currency conversion rates for US$
  • Exhibit 84: Currency conversion rates for US$

• 13.4 Research methodology
  • Exhibit 85: Research methodology
  • Exhibit 86: Validation techniques employed for market sizing
  • Exhibit 87: Information sources

• 13.5 List of abbreviations
  • Exhibit 88: List of abbreviations