“Pedal Boats Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027” is an upcoming market research report added by the analysts at Industry Probe. Pedal boats market report offers existing driving and limiting factors, consumer behavior & trends, and scope for opportunities that can help the strategists and companies.

The report is a result of a thorough secondary research as well as interviews with industry experts. Therefore, numbers are as close to accurate as they get and the information accessible in the report on the pedal boats market is easy to comprehend. Industry Probe analysts have included some of the major players operating in the pedal boats market along with information about revenue, strengths, opportunities, segmentation, competitive landscape and regional presence of the market players.

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According to the report from Industry Probe, rising growth in recreational activities and use of these boats for fishing is anticipated to fuel the pedal boat market. Travel and tourism industry has augmented over the years. Middle class families are progressively taking part in outdoor leisure activities. These factors are predicted to positively influence the market.

The report states that the global pedal boats market is highly fragmented. Some of the major players operating in this market are Sun Dolphin Boats, Pelican, Beau Lake, Pioner – Easy Boating, BW Marine Products, Excell Fibrotech Private Limited, Paddle Wheeler, Beston Paddle Boats, and others.

Sun Dolphin manufactures outdoor recreational products. Established in 1982, it is headquartered in Muskegon, the U.S. The company offers fishing kayaks, recreational kayaks, canoes, jon boats, stand-up paddleboards, fishing boats, pedal boats, and dinghies. Pelican is a watercraft manufacturing company based in Canada, North America. It has three manufacturing facilities with total of 600 employees.

Manufactures face high level of competition as the brand has to maintain balance between quality and cost of the product. Companies are focused on product innovations and new product offerings in order to gain a competitive edge in the market. This strategy is expected to help sustain in the market during the forecast period.

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