The market for water taxis market is expected to grow at a compound annual growth rate (CAGR) of 4.5% over the forecast period, from an estimated USD 20.2 million in 2023. Water taxis are a type of boat that transports passengers along waterways, such as rivers, lakes, or coastal areas, and are a practical mode of transportation in some European cities. The primary driver of the market's growth is the growing trend of using mobile apps to book rides and GPS to track the status of a ride.

Governments and business companies are being pushed to investigate water-based transportation as a substitute due to the increase in traffic on major cities' roads. Water taxi services are well-established in places like Bangkok, Venice, New York, and Vienna.

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Growth Drivers

The market is being driven by the growing popularity of leisure sports in North America and Europe. The desire for electric and hybrid vehicles is being driven by growing concerns about carbon emissions from automobiles. In cities with rivers and coastlines, water taxis offer a quicker and less congested option to driving. The market is expanding rapidly due to rising demand for water taxis that use electric or hybrid water propulsion technologies.

In order to meet the wide range of customer needs, manufacturers are concentrating on offering individualized and adjustable experiences. In the following years, technological advancements will drive market expansion. The market's demand is being driven by people's growing obsession with water activities. Trends in the water taxi industry are defined by the use of technology to increase productivity, improve client satisfaction, and guarantee safety.

The market for water taxis is expanding due to the growing popularity of using online apps to book rides. Social media's growing influence is also contributing to this trend. Effective services are provided by GPS technologies, which track the whereabouts of taxis. Digital payment systems are incorporated into taxi services to improve the effectiveness and efficiency of the payment process while also making it more convenient.

Segmentation

Water Scooter Market by Application

·         Water Sports

·         Fishing

·         Tourism

·         Security and Surveillance

Water Scooter Market by Engine Type 

·         Outboard

·         Inboard

·         Jet-Powered

·         Electric

Water Scooter market by Hull Design 

·         Monohull

·         Catamaran

·         Trimaran

·         Pontoon Boat

Water Scooter Market by Speed Range 

·         Under 20 knots

·         20-40 knots

·         Over 40 knots

Water Scooter Market by Seating Capacity

·         1-2

·         3-4

·         5-6

·         Over 6

By Region

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Key Players

·         Mercan Yachting

·         Moggaro Aluminium Yachts

·         Bord à Bord

·         Izmir Shipyard

·         LarsenB

·         Quer Barcelona

·         Artemis Technologies

·         WATERBUS SC

·         ARES SHIPYARD INC.

·         Estaleiros Navais de Peniche

·         Navalt

·         Munson Boats

·         Streamline Marine Composite Developments Ltd

·         Uniwork Boats

·         Alumax Boats

·         Other Players

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