Recreational boat market is growing at a CAGR of 3% during the forecast period. Recreational Boats Market Market research report allows making important decision making essential for business growth. It helps key participants further in applying right business ideas to grow business and choose the right business doing strategy. Having complete understanding of what purchasers are looking for in the market and which factors can influence their purchasing decision greatly helps to make investment in the right product development and launch it accordingly. It is also crucial for major participants to understand the behavior of target customers to bring novel products into the market. This Recreational Boats Market report serves as a blueprint to get thorough study of market competition, target audience and entire market.
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On the basis of geography, the global recreational boat market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America is expected to be the major market globally. As per the National Marine Manufacturers Association, an estimated 262,000 new powerboats were sold in 2017, with an increase of 4.7% compared to 2016. There were around 12 million registered boat in the US, out of which 95% of boats are small under 26 feet. In 2017, the total recreational marine expenditures reached $39 billion, 6.5% higher from 2016. Europe is also one of the considerable markets in the recreational boat industry. However, the market is fragmented in the region. As European Boating Industry, about 97% of the boating industry is small and medium-sized enterprises. There are about 3,000 companies in the boating industry. Around 48 million people in Europe participate in recreational marine activities out of this 36 million are boaters. There are more than 6 million boats in Europe.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Recreational Boat Market by Type
- Cruising Boats
- Fishing Boats
- Water Sports Boats
Global Recreational Boat Market by Power Mode
- Engine Powered
- Sail Powered
- Human Powered
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Azimut Benetti Group
- Bavaria Yachtbau GmbH
- Bénéteau S.A.
- Bennington Marine, LLC
- Brunswick Corp.
- Catalina Yachts
- Ferretti S.P.A.
- Grady-White Boats, Inc.
- Hobie CAT Company, Inc.
- Kawasaki Motors Corp.
- Lund Boat Company, Inc.
- Mahindra Marine Pvt. Ltd.
- Marine Products Corp.
- MarineMax, Inc.
- MasterCraft Boat Holdings, Inc.
- Polaris Industries Inc.
- Sunseeker International, Ltd. (Dalian Wanda Group Co Ltd.)
- Viking Yacht Company
- White River Marine Group (Ranger Boats)
- Yamaha Motor Co., Ltd.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global recreational boat market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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