Water Taxi Market Trends, Growth & Forecast, 2018 – 2024 - PowerPoint PPT Presentation

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


More Information @ Rising travel and recreational activities owing to increasing disposable income across the globe are driving the industry growth. – PowerPoint PPT presentation

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Title: Water Taxi Market Trends, Growth & Forecast, 2018 – 2024

Water Taxi Market Trends, Growth Forecast, 2018
- 2024
Key Insights from Water Taxi Market
  • The rise in the interest for adopting ecofriendly
    means of transportation has been a pivotal
    driving force for water taxi market. Water taxis
    have played a major role in promoting tourism and
    are specifically used as vital means of
    transportation in cities like Venice and
    Amsterdam, where waterways form a significant
    section of the transit system.
  • Currently, the revival of water-based transit has
    been occurring at a robust pace, as cities across
    the globe are burdened with traffic congestions,
    rising pollution and the detrimental impact of
    carbon emissions from fuel-based vehicles.
    Therefore, it does not come as a surprise that
    services like the inter-borough ferry in New York
    are being applauded by the public and facilitated
    by authorities.
  • The passenger and bicycle carrying vessels are
    planned to operate in all the boroughs in New
    York and will have 22 landing in 6 different
    routes. The waterborne transit system which costs
    around 325 million is estimated to carry more
    than 50 million passengers on an annual basis,
    paving the way for the progress of the regional
    water taxi industry.

  • Close to half a decade earlier, a study had been
    conducted by several counties along the Potomac
    River in Maryland, U.S.. The findings revealed
    that the areas notable population and the
    employment of a significant number of people in
    places located along the river will be able to
    encourage peoples foray from cars onto boats,
    which would massively propel the regional water
    taxi market share.
  • Despite the fact that these water taxis are
    fueled by diesel, it is vital to remember that
    they are still considerably less detrimental to
    the environment than diesel cars. This is because
    they can carry several commuters in a single trip
    unlike cars, most of which are used on a private
    basis. Indeed, diesel taxis are expected to hold
    around 58 of the overall water taxi industry
    share over 2018-2024, driven by their
    long-standing deployment in the marine sector.
  • The rising penetration of the green movement has
    lately spurred manufacturers to shift their focus
    toward building more hybrid boats. As such, these
    boats cause a substantial improvement in the
    levels of noise and water pollution as compared
    to diesel water taxis and are expected to be
    widely in demand in the future.


Latest Research Report On Water Taxi Market _at_
eport/water-taxi-market Request for a sample
of this research report _at_ https//www.fractovia.or
U.S. Water Taxi Market, By Product, 2017 2024,

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

Regional Insights in Water Taxi Market
  • North America has been touted to emerge as one of
    the most remunerative grounds for water taxi
    market, primarily owing to the presence of a
    robust marine industry and leading companies that
    have their base in the region. With enthusiastic
    players striving to make marine transportation
    attractive to a wider commuter pool and the
    increasing inclination toward luxury outdoor
    recreation activities, the continent is expected
    to register substantial growth in the ensuing
    years. Indeed, as per estimates, North America
    will emerge as the dominant region in the overall
    water taxi market with a projected size of 287
    billion by 2024.
  • Along with North America, Asia Pacific will also
    register a significant growth in the water taxi
    market with cities like Hong Kong set to revive
    its water taxi facility to boost the tourism
    industry. The Commerce and Economic Development
    Bureau of Hong Kong passed the proposal of
    bringing water taxis to the city that will not
    only offer tourists a better experience of the
    island city but also put Hong Kong on the map
    alongside cities like Venice, Bangkok and Sydney
    that already have an established water taxi
    service. Additionally, the authorities are
    planning to introduce significant technological
    inputs and operate the water taxis in the same
    way as Uber, that is, passengers can hail their
    water rides with the use of their smartphones.

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