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Based on hull type, the market is categorized into single hull and multi-hull. The single hull segment will gain remarkable momentum during the forecast timeline, due to their simplicity and exceptional manoeuvrability. These boats are favoured by beginners and seasoned sailors alike for their ease of operation, making them accessible to a wide range of enthusiasts. Their popularity is further bolstered by their extensive use in competitive sailing events, drawing the interest of racing enthusiasts. Additionally, their cost-effectiveness compared to larger multi-hull sailboats makes them an attractive choice, appealing to budget-conscious buyers and ensuring a steady market demand.
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Based on length, the 20 ft to 50 ft segment accounted for 60% of the sailboats market share in 2022. Medium-length recyclable composite sailing boats, spanning from 20 to 50 feet, are spurring growth in the market. These eco-friendly vessels appeal to environmentally conscious buyers seeking sustainable options.
For instance, in July 2023, NLcomp of Monfalcone, Italy, unveiled its environmentally friendly production boat, the Ecoracer30. This 30-foot sailing boat, designed by Matteo Polli, is made from recyclable composites. It serves as a solution to the disposal issue of fiberglass boats, as around 95% of these boats are currently abandoned at the end of their lifecycle. The demand for these boats is rising as they offer a balance between size and manoeuvrability, making them attractive to both experienced sailors & newcomers.
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North America sailboat market size dominated around USD 1.2 billion in 2022, owing to its rich maritime heritage and extensive coastline, attracting enthusiasts and tourists alike. Prestigious sailing events and regattas hosted across North America promote the sport and augment sailboat sales, fostering a competitive market. The region's focus on sustainability aligns with the eco-conscious trend, making sailboats a preferred choice. Additionally, well-developed infrastructure including marinas and training facilities facilitates seamless engagement, contributing to robust market growth in North America.