The Recreational Boating Market Analysis, Forecast, and Assessment (2023-2030)

The Recreational Boat Market size is projected to reach USD 32.53 Billion by 2028 from an estimated USD 27.55 Billion in 2021, growing at a CAGR of 2.4% globally.

The Recreational Boat Market are generally, vessels that are manufactured or to be used specifically for non-commercial use or leased or rented for any given commercial use later on. Such boats are utilized for sailing, fishing, travel through waterways, and leisure purposes which are specifically for private use. As rising popularity of outdoor activities and water sports with increasing participation of young crowd to engage in such activities, especially in adventure water sports and recreational boating activities are likely to push the recreational boat market revenue. A growing trend in recreational fishing and sea outings has seen major growth in North America, European coastlines, and Caribbean island clusters. On the luxury end, speed boats, yachts, and houseboats have seen tremendous demand from the wealthy population.

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Top Company Profiles Players Covered in the Recreational Boat Market are:

Brunswick Corporation, Groupe Beneteau, Malibu Boats, Polaris Inc., Master Craft Boat Company, Candela, DOMANI Yachts, Eldorado Marine, Elco Motor Yachts, Electra craft, and other major players.

The report provides an in-depth analysis of the Recreational boating market including a detailed description of market growth and size, value, and the key opportunities in the market, as well as an outline of the factors that are and will be driving the industry's growth, taking previous growth patterns into account. The global Recreational boating market report provides an in-depth analysis of the market state of Recreational boating market manufacturers, including the latest facts and data, SWOT analysis, and expert views from around the world. The cost structure, market size, Recreational boating market   Sales, Gross Margin and Market Share, Price, Revenue, Size, Forecast, and Growth Rate are all calculated in the report. The income earned from the sale of This Study and technologies by various application industries is considered in the report.

Segmentation Analysis of Recreational boating market:

The recreational boat market can be segmented in various ways to better understand its different aspects, target audiences, and product categories. Here are some common segmentation approaches for the recreational boat market:

By Type          

•          Yachts
•          Sailboats
•          Personal Watercraft
•          Inflatables
•          Others

By Engine Type          

•          Ice
•          Electric

By Engine Placement

•          Outboards
•          Inboards
•          Others

 Market share data Market Segment by Regions and Countries Level Analysis:

•   North America (U.S., Canada, Mexico)
•   Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
•   Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
•   Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
•   Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
•   South America (Brazil, Argentina, Rest of SA)

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Key Industry Developments of the Recreational Boat Market

•          In July 2021, Brunswick’s Heyday brand introduced a new H22 boat from their upcoming series of next-generation wake boats which is equipped with a length of 22’4, a premium interior, and occupies 14-person incapacity considered to be a premium recreational boat in a particular segment
•          July 2021, Malibu boats presented the 25 LSV comes in the length of 7.62 meters from the LSV series. It has a maximum occupancy of 18 people and comes with 390 litters fuel capacity and powerful 430 hp torque ideal for deep-sea fishing and touring.
•          In June 2021, Groupe Beneteau introduced its Grand Turismo 45 luxury boat with top-class interiors and smart dynamic control. Grand Turismo 45 comes with a length of 14.78 meters, 900 liters fuel capacity, and 400 liters freshwater capacity with the powerful engine in the segment of 2X 440 CV/HP.

The report includes the Competitor's Landscape:

•          Major trends and growth projections by region and country
•          Key winning strategies followed by the competitors
•          Who are the key competitors in this industry?
•          What shall be the potential of this industry over the forecast tenure?
•          What factors propel the demand for the Action Figures And Statues?
•          What opportunities shall aid in the significant proliferation of the market growth?
•          What are the regional and country-wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
•          How has the covid-19 impacted the growth of the market?
•          Has the supply chain disruption caused changes in the entire value chain?

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