Rockville, MD -- (SBWIRE) -- 04/17/2019 -- Bilge Pump Market Project to Multiply in High Single Digit Growth
The rising awareness about the risks of boating without proper accessories has led to a rise in the demand for bilge pump. The boat owners now are aligning their attention towards checking the factors that may lead their boat to sink. The number of boats with covered bilge has been increasing, which has fueled the demand for bilge pumps globally. While Asia-Pacific stands as the largest market for bilge pumps, the demand has been increasing at a fast pace in North America.
Minimizing the Boating Risks with Bilge Pumps
A bilge pump is used to remove bilge water from the boat, which creeps into the boat through rough seas, rain, hull leaks and oil spills. It depends upon the boat structure as what type of bilge pump is required in a particular boat. Bilge pumps can be manual and electric. However, for every boat with a bilge, bilge pumps are required. Additionally, in a boat having two separate compartments where water can collect, more than one bilge pumps can be required. A bilge pump can either be installed as do it yourself (DIY) or with the help of a boat technician.
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Marine Surveyors Suggest using Bilge Pump
The business of marine surveyors have been on boom in several parts of the world having water active water bodies. Every time they find out reasons for a boat sinking, the absence of or poor installation of bilge pumps have been amongst the key reasons. Interestingly, the marine insurance companies also insists on having a bilge pump on the boat, as they minimize boat sinking claims. It is suggestive that for a boat of length 16 – 20 inch, at least two bilge pumps of total capacity 2,500 GPH is required. For a boat of length 60 – 60 inch, 4 – 5 bilge pumps are required equating to a total capacity of over 10,000 GPH. The demand for bilge pumps with GPH output 800 – 1,000 is among the highest.
Electric Bilge Pumps are Gaining Traction
The demand for electric bilge pumps has been growing at a significant pace, owing to the comfort offered to the sailors. Although the mechanical or manual bilge pumps are more reliable and efficient, in case of emergency they are useless. The mechanical bilge pumps are being controlled by the engine speed, and have no attachment with electric wiring. There is no chance of electric faults. The boat owners with large boat business prefer electric bilge pumps, and they also have backup bilge pumps to avoid any disaster.
Asia-Pacific – A Gold Spot for Bilge Pump Manufacturers
The boating industry has been prospering worldwide, while Asia-Pacific stands the highest revenue generator for boating accessories and equipment. The growing fishing and water tourism sector in Asia-Pacific has propelled the demand for bilge pump. China is the largest fish producer globally, followed by India and Indonesia. Besides, other countries in Asia-Pacific that are important in fish catching include Indonesia, Japan, Thailand and Vietnam. These countries offer lucrative opportunities for the manufacturers of bilge pumps. Besides, Australia is another important country that is known for recreational boating, and the growing boating industry in the country is further fueling the regional demand for bilge pumps. U.S. is another country with a large boating sector; in 2018 it was the fifth largest fish producing country, globally. The recreational water activities in the country is further escalating the demand for bilge pumps.
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Bilge Pump - A Fairly Competitive Market
Bilge pump market is fairly competitive, and most of the key players have origins in the U.S., Germany, Belgium, Japan, China and India. Some of the key players in the bilge pump manufacturers include Shoreline Marine, Seaflo, Rule Marine, Atwood Marine Products and MAXZONE. The competitors in the bilge pump market have been focusing to increase their portfolio with bilge pumps of wide range of pump output. For instance, Shoreline Marine offers bilge pumps in GPH range of 600 – 1,100. Seaflo offer bilge pump of 750 GPH. Rule Marine provides bilge pump of 2,000 GPH while Attwood offers it in a range of 500 – 1,200. MAXZONE offers bilge pumps in a range of 1,100.
The research report on bilge pump presents a comprehensive assessment of the bilge pump market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report in bilge pump provides analysis and information according to market segments such as geographies, type, and pump output.
The bilge pump market report covers exhaustive analysis on:
Supply & Demand
Competition & Companies involved
Regional analysis for bilge pump includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
CIS and Russia
Asia-Pacific (China, India, ASEAN, South Korea)
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The bilge pump market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The bilge pump report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The bilge pump market report also maps the qualitative impact of various market factors on market segments and geographies.
Bilge pump Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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