Water Taxi Market: Traffic Congestion on Roads Driving Adoption of Water Taxis

San Francisco, California, June 18, 2017: TMR Research has published a new report titled, “Water Taxi Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.” According to the report water taxis, are in much demand as they offer sightseeing opportunities such as nature tours, waterfront cruises, sunset cruises, and riverfront which is attracting an increasing number of people. There is a rapid increase in the number of travellers who are opting for recreational activities on account of increasing disposable income and this will boost the growth of the global water taxi market. Water taxis also facilitate faster crossing of rivers which in turn is behind there high adoption. Moreover, since there are issues such as traffic congestion on roadways, water taxis emerge as better alternative.

There has been tremendous improvement in the economy conditions across the globe which in turn has led to the growing spending on leisure activities. This is expected to create a favourable environment for the growth of what the taxi market. The increasing prominence of green movement which in turn has subsequently led to the introduction of electric fairies, is expected to be a trend which will accelerate the growth of the water taxis market. The reduction in human efforts, reduction in noise pollution, and reduction in water pollution, makes water taxis a green alternative.

On the basis of geography, Asia Pacific is expected to expand at a rapid pace within the water taxis market on account of improved manufacturing facilities available in the region as well as availability of cheap labour. Also the growing preference for water transport due to congestion in route traffic will also be a key factor behind the high adoption of water taxis in Asia-Pacific.

The report profiles key players within the global water taxi market such as Azimut-Benetti, MacGregor, Beneteau Group, Brunswick, Catalina Yachts, and Ferretti.