The global rigid inflatable boats market was worth $1.28 billion in 2021. It is expected to grow steadily, reaching $1.36 billion in 2022 and climbing to $2.10 billion by 2029, with an annual growth rate of 5.78% during this time. In 2021, North America led the market, accounting for 39.84% of the total share. The global rigid inflatable boats (RIBs) market is witnessing robust growth, fueled by increased demand across recreational, commercial, and defense sectors.
Informational Source:
https://www.fortunebusinessinsights.com/rigid-inflatable-boats-market-107225
Major Key Companies Covered in Rigid Inflatable Boats Market are:
Recreational Boating Boom: The surge in outdoor leisure activities is a primary growth driver. The versatility and stability of RIBs make them highly favored for water sports and family outings, supported by increasing disposable incomes globally
Military and Law Enforcement: RIBs are essential in military and defense operations, including patrol, rapid response, and search-and-rescue missions. As global security concerns rise, countries are investing more in such maritime assets
Commercial Applications
: The market benefits from growing use in sectors like offshore wind energy, aquaculture, and tourism. Businesses are increasingly relying on RIBs for reliable transportation and operational support in challenging water conditions