Yacht Shell Doors Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment; 2018 - 2028
New York, NY -- (SBWIRE) -- 06/27/2019 -- Yacht shell door, installed on the lower side of any vessel or recreational yacht, is a platform or a door with sophisticated aesthetics used for loading goods or deployment of a life boat, life rafts, or any special cargo to be carried or stored on the yacht. Yacht shell doors are available with various type of opening, such as downward opening, simple hinged upward opening, pantograph side hinged, and roto-translating hinged upward opening. Yacht shell doors are usually made of stainless steel, steel, or aluminum. Yacht shell doors can be hydraulically or electrically driven. Yacht shell doors offer additional possibilities to the vessel, such as recreational activities, tender storage, and others. Yacht shell doors are very reliable under uncertain weather conditions (high tides). Hence, these factors are expected to drive the demand for yacht shell doors and replace the need of hatches.
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Yacht Shell Doors: Market Drivers and Challenges
The global yacht shell doors market grows lateral to the shipbuilding or marine industry. The global fleet of vessels has been estimated around 1.8 billion by the end of FY2016, and it is expected to grow at a healthy rate, which in turn, will boost the demand for yacht shell doors over the forecast period. Also, Expansion of sales and distribution channels in developing countries intending to open doors for private companies is anticipated to create opportunities for the yacht shell door in coming years.
Increasing government and private spending on tourism and recreational activities will significantly increase the fleet size, thereby, augmenting the need for new units of yacht shell doors, especially in developed countries. Further, employment of stringent regulations, concerning passenger's safety, the adoption rate of yacht shell doors is expected to increase significantly during the forecast period.
On the flip side, high cost of yacht shell doors, especially electrically driven yacht shell doors, and need of constant maintenance could restrict growth of the market to some extent.
Yacht Shell Doors: Market Segmentation
On the basis of opening type, the global yacht shell doors market can be segmented into the following:
Simple Hinged Upward Opening
Pantograph Side Hinged
Roto-Translating Hinged Upward Opening
On the basis of type, the global yacht shell doors market can be segmented into the following:
On the basis of yacht type, the global yacht shell doors market can be segmented into the following:
Yacht Shell Doors: Regional Market Outlook
In recent past, Asia pacific excluding Japan has witnessed a significant growth in terms of tourism arrivals, particularly in Thailand, Australia, and Malaysia, thus it is stipulated that the region will hold a significant share of the global yacht shell door market over the forecast period. Additionally, the 'one belt, one road' ongoing project will revive the tourism industry in China, making it a hub of investment for tourism development and promotion. Western Europe is the hub of shipbuilding industry, thus, this extensive presence of manufacturers is expected to drive the demand for yacht shell doors in the region. Further, North America is anticipated to contribute undoubtedly in the global volume growth of the yacht shell doors market as a result of regions inclination toward recreational activities. Furthermore, the Middle East and Africa is expected to hold moderate share in the yacht shell doors market, due to limited presence of shipbuilding manufacturers and sea tourism. However, the rising trade and tourism activities in Gulf Countries is expected to propel the yacht shell doors market growth over the projected period. Rest of the regions, including Latin America and Japan, are expected witness moderate growth in the global yacht shell doors market during the forecasted time period.
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Yacht Shell Doors: Key Market Players
Examples of some of the market participants in the global yacht shell doors market identified across the value chain include:
Fassmer GmbH & Co. KG