Rigid Inflatable Boat Ribs Market Report 2024 (Global Edition)

Global Rigid Inflatable Boat Ribs Market Report 2024 Market Size Split by Hull Type (Aluminum, Fiberglass), by Tube Type (PVC, Hypalon), by Length (3-9 meter, 9-15 meter), by Propulsion Type (Outboard...

Rigid Inflatable Boat Ribs Market Report Description

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Competitive Landscape of the Rigid Inflatable Boat Market

In the competitive landscape of the Rigid Inflatable Boat Market, numerous major players vie for market share. ASIS Boats (U.S.), Brig Boats (Ukraine), Sealegs Corporation (New Zealand) and Walker Bay Boats (U.S.)are well-known companies in the industry. These organizations provide a diverse selection of rigid inflatable boats designed for various customer needs, including recreational boating and commercial purposes. Innovation, quality of products, customer service after purchase, and brand awareness are important factors that set these players apart in the market.

June 2022, AB Inflatables introduced the ABJET 390 XP, a new jet tender. The layout of the boat encourages better weight distribution and boosts boat stability, resulting in increased performance. The boat comes standard with a retractable lateral seat, which optimizes human capacity while still allowing for carryons, resulting in maximum deck space. (Source: https://www.abinflatables.com/introducing-the-new-abjet-390-xp/) August 2022, Ribcraft has entered the manufacturing phase of its five-year IDIQ contract to produce 278 7-meter RIBs. The contract is valued at over USD 0.08 billion. (Source: https://www.thedefensepost.com/2022/08/17/ribcraft-inflatable-boats-us-navy/)

Top Companies Market Share in Rigid Inflatable Boat Ribs Industry: (In no particular order of Rank)

• Highfield Boats (China)
• ASIS Boats (U.S.)
• Brig Boats (Ukraine)
• Sealegs Corporation (New Zealand)
• Walker Bay Boats (U.S.)
• AB Inflatables (U.S.)
• Tornado Boats (Denmark)
• Ribcraft (U.S.)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Rigid Inflatable Boat Market

Which Region Dominates the Rigid Inflatable Boat Market in 2024?

According to Cognitive Market Research, North America dominated the rigid inflatable boats market growth in 2024 and will continue to expand at a faster rate during the forecast period. The surge in demand for these boats from North America, as well as the vast number of participants, are driving the growth.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is predicted to experience the fastest growth rate between 2024 and 2032. This expansion is linked to emerging economies like India and China. Countries such as China and India, as well as the rest of Asia Pacific, are expected to enhance the APAC industry, offering greater potential for growth in both professional and recreational boating.

The current report Scope analyzes Rigid Inflatable Boat Ribs Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Rigid Inflatable Boat Ribs

According to Cognitive Market Research, the global Rigid Inflatable Boat market size was estimated at USD 1358.6 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 543.44 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Rigid Inflatable Boat market with a market size of USD 428.77 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. The US market for Rigid Inflatable Boats is significant due to its strong boating culture, extensive coastline, and variety of water-based recreational activities.
• The Canada Rigid Inflatable Boat market had a market share of USD 65.21 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Canada's vast coastline, numerous lakes, and rivers provide ample opportunities for boating and water-based activities, driving the demand for Rigid Inflatable Boats.
• The Mexico Rigid Inflatable Boat market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 49.45 million in 2024.

Europe Rigid Inflatable Boat Ribs

According to Cognitive Market Research, the global Rigid Inflatable Boat market size was estimated at USD 1358.6 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 407.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• The United Kingdom Rigid Inflatable Boat market had a market share of USD 68.47 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. In the UK, Rigid Inflatable Boat sales witness an upswing due to the country's strong maritime heritage.
• The France Rigid Inflatable Boat market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 37.50 million in 2024.
• According to Cognitive Market Research, the German rigid Inflatable Boat market size was valued at USD 80.70 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. In Germany, Rigid Inflatable Boat sales surged due to the popularity of water sports.
• The Italy Rigid Inflatable Boat market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 35.05 million in 2024.
• The Russia Rigid Inflatable Boat market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 63.17 million in 2024.
• The Spain Rigid Inflatable Boat market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 33.42 million in 2024
• The Luxembourg Rigid Inflatable Boat market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 12.63 million in 2024.
• The Portugal Rigid Inflatable Boat market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 8.56 million in 2024.
• The Greece Rigid Inflatable Boat market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 4.89 million in 2024.
• Rest of Europe's Rigid Inflatable Boat market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 63.17 million in 2024.

Asia Pacific Rigid Inflatable Boat Ribs

According to Cognitive Market Research, the global Rigid Inflatable Boat market size was estimated at USD 1358.6 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 312.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Rigid Inflatable Boat market size was valued at USD 140.62 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. Rigid Inflatable Boat sales surge in China due to the the country's strong boating culture,.
• The Japan Rigid Inflatable Boat market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 43.12 million in 2024.
• The India Rigid Inflatable Boat market had a market share of USD 37.50 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. In India, Sales of rigid inflatable boats increased as a result of rising interest in water sports and the acceptance of beachside leisure pursuits.
• The South Korea Rigid Inflatable Boat market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 31.25 million in 2024.
• The Australia Rigid Inflatable Boat market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 16.25 million in 2024.
• The South East Asia Rigid Inflatable Boat market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 21.56 million in 2024.
• The Rest of Asia Pacific Rigid Inflatable Boat market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 22.19 million in 2024.

South America Rigid Inflatable Boat Ribs

According to Cognitive Market Research, the global Rigid Inflatable Boat market size was estimated at USD 1358.6 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 67.93 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Rigid Inflatable Boat market size was valued at USD 29.07 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Rigid Inflatable Boat sales flourish in Brazil due to The versatility, durability, and performance of Rigid Inflatable Boats, making them a popular choice among boaters in Brazil.
• Argentina Rigid Inflatable Boat market had a market share of USD 11.41 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. Due to the growing interest in boating activities and the popularity of water sports, the rigid inflatable boat industry in Argentina experienced significant growth.
• Colombia Rigid Inflatable Boat market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD 6.05 million in 2024.
• Peru Rigid Inflatable Boat market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 5.57 million in 2024.
• Chile Rigid Inflatable Boat market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD 4.89 million in 2024.
• The Rest of Latin America Rigid Inflatable Boat market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 10.94 million in 2024.

Middle East and Africa Rigid Inflatable Boat Ribs

According to Cognitive Market Research, the global Rigid Inflatable Boat market size was estimated at USD 1358.6 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 27.17 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.

• The GCC Countries Rigid Inflatable Boat market is projected to witness growth at a CAGR of 7.5% during the forecast period with a market size of USD 11.63 million in 2024. Rigid Inflatable Boat sales flourish due to the outdoor lifestyle, fishing, search and rescue operations, and tourism.
• The Egypt Rigid Inflatable Boat market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 2.85 million in 2024.
• The South Africa Rigid Inflatable Boat market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 4.29 million in 2024. Rigid Inflatable Boat sales flourish in South Africa due to the country's extensive coastline.
• The Turkey Rigid Inflatable Boat market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 2.34 million in 2024.
• The Nigeria Rigid Inflatable Boat market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 2.85 million in 2024.
• The Rest of MEA Rigid Inflatable Boat market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 3.21 million in 2024.

Rigid Inflatable Boat Ribs Market Analysis

Rigid Inflatable Boat Market Hull Type Segment Analysis

According to Cognitive Market Research, The aluminum segment currently holds the biggest market share due to rising demand for aluminum hull boats for aquatic and tourism leisure activities, which is expected to fuel market expansion. The main advantage of aluminum is that it provides for a combination of high strength and lightweight. The use of aluminum significantly improves flotation device performance while also lowering operational expenses.

The fiberglass segment is predicted to develop at the quickest CAGR throughout the projection period. The market is predicted to increase due to its feature of quieter and smoother rides, as well as cosmetic possibilities.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Rigid Inflatable Boat Ribs Industry. Request a Free Sample PDF!

Rigid Inflatable Boat Market Tube Type Category Segment Analysis

According to Cognitive Market Research, the PVC section has been a popular choice due to its lower cost. The usage of these boats for fishing and tourism caused an upsurge in demand for PVC boats. The PVC segment had the most market share in 2024.

Hypalon is expected to increase at a greater CAGR throughout the forecast period. Hypalon, while more durable, is priced at a higher range compared to PVC.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Rigid Inflatable Boat Ribs Length Segment Analysis

According to Cognitive Market Research, the 3-9 meter segment had the biggest market share in 2024. The use of these boats for primarily recreational purposes has increased demand for boats.

the 9–15 meter length boat segment is predicted to develop at the quickest rate in the market due to technological advancements and governments using longer-length boats for missions like coastguards and rescues.

• 3-9 meter
• 9-15 meter

Rigid Inflatable Boat Ribs Propulsion Type Segment Analysis

Propulsion Type Segment Analysis

According to Cognitive Market Research, the outboard sector has the biggest market share. This sort of propulsion has become popular among people due to its ease of installation and configurable power options. Most boats' outboard propulsion type segment is fast growing, so greater growth statistics are projected during the forecast period. It is also expected to be the fastest-growing segment during the projection years.

The fastest-growing category in the Rigid Inflatable Boat market is inboard. Inboard propulsion is a common choice for recreational boating. These engines are often located low in the boat's center. However, there may be some inherent inefficiencies with the shaft angle, as well as a disadvantage due to the restricted space within the boat.

• Outboard
• Inboard

Rigid Inflatable Boat Ribs Usage Segment Analysis

Usage Segment Analysis

According to Cognitive Market Research, the recreational segment dominated the market, accounting for the biggest share in the base year. It is also the fastest-expanding segment. The growing demand for recreational boating in North America, as well as in emerging countries like India, China, and others, for water sports and adventure, is likely to drive market expansion. Major manufacturers, like Brig, Highfield Boats, Zodiac Nautic, and others, have seen an increase in orders from developing nations, signaling potential future growth from the Asia Pacific region.

The professional segment is predicted to expand at a moderate CAGR. The usage of rigid boats by coastguards and in rescue missions has increased demand for such vessels.

• Professional
• Recreational

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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