Recreational Boating Market – Global Industry Analysis and Forecast (2023-2029)

Recreational Boating Market is expected to reach US$ 26.95 Bn. by 2029 at a CAGR of 7.09% during the forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. Recreational Boating Market To Know About The Research Methodology :- Request Free Sample Report

Recreational Boating Market Overview:

Rising disposable income has resulted in amplified travel and tourism activities across the globe, primarily driving the industry growth. Usage of these boats for numerous activities including boat racing, motorized water sports, sailing, and campaigning has positively impacted the excursion boat sales. High consumer confidence owing to advantages such as advanced technology and high-tech features will further escalate the recreational boating market revenue generation over the forecast period. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. Recreational boating market players are focusing on adding various marine technologies in these pleasure crafts. Global navigation satellite system (GNSS) is a key trend, continuously gaining prominence in the industry. This system offers significant advantages to both direct and indirect users. It is majorly used for surveillance and traffic management in both sea and inland waters. Moreover, these systems are used for various other purposes such as search & rescue and fishing vessel control. These advancements are likely to instigate immense potential to the industry size over the next eight years.

Segment Analysis:

The Recreational Boating market is segmented based on product, power and geography. By product type of the recreational boating market is segmented into inboard boats, outboard boats, inflatable, and sailboats. An outboard boat is a major segment where the recreational boating is highly demanded and thus, it is expected to hold major market share in the forecast period. An easily accessed mounting position of outboard engines provides more space for the user, thereby shifting the consumer’s preference. This can also be attributed to the provision of benefits such as cost-effectiveness, easy maintenance & easy service abilities coupled with high reliability. By power, the market is segmented as engine-powered, man-powered, and sail propelled.

Recreational Boating Market Regional Analysis:

Geographically, the Recreational Boating market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to be the largest market for Recreational Boating during the forecast period. Established marine industry in U.S. and Canada along with the continuously increasing number of participants involved in boating will primarily contribute to the revenue generation. As per the National Marine Manufacturers Association (NMMA), approximately 46% of the population in Canada participated in boating. Presence of key industry players such as Brunswick and American Sail Inc. across the region will further support the regional dominance till 2029. Europe is projected to be the fastest growing market for Recreational Boating with growth. Increasing manufacturing, especially in countries such as Italy will essentially drive regional growth.

Key Highlights:

Market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Recreational Boating Market The Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Recreational Boating Market are also profiled.

Recreational Boating Market Scope: Inquire before buying

Recreational Boating Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 16.68 Bn.
Forecast Period 2023 to 2029 CAGR: 7.09% Market Size in 2029: US $ 26.95 Bn.
Segments Covered: by Product Inboard Boats Outboard Boats Inflatable Sail Boats
by Power Engine-Powered Man-Powered Sail Propelled

Recreational Boating Market, by Region

Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Key Players:

1. Brunswick 2. Ferretti 3. Malibu Boats 4. Beneteau 5. Sunseeker 6. American Sail Inc. 7. MacGregor 8. Hunter 9. Azimut-Benetti 10. Princess Cruise 11. Hobie Cat Corporation 12. Bavaria Yachtbau 13. Catalina Yachts 14. General Motors Company 15. Godfrey Marine 16. Honda Motor Company Limited 17. Hydra-Sports Boat 18. Interphase Technologies 19. Kawasaki Heavy Industries Limited 20. KCS International Incorporated 21. Pleasurecraft Engine Group 22. Poly Marquis Yach 23. Tognum AG 24. Yamaha Motor Company Limited. Frequently Asked Questions: 1. Which region has the largest share in Global Recreational Boating Market? Ans: North America region holds the highest share in 2022. 2. What is the growth rate of Global Recreational Boating Market? Ans: The Global Market is growing at a CAGR of 7.09% during forecasting period 2023-2029. 3. What is scope of the Global Recreational Boating market report? Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What is the study period of this market? Ans: The Global Market is studied from 2022 to 2029.

Recreational Boating Market

1. INTRODUCTION 1.1. Market description & Scope (2022 - 2029) 1.2. Objectives 1.2.1. Key Takeaways 1.2.2. Abbreviations & Acronyms 2. RESEARCH METHODOLOGY 2.1. Methods used for market forecasting 2.2. Data Sources 2.2.1. Paid Databases 2.2.2. Primary Sources 2.2.3. Secondary Sources 3. EXECUTIVE SUMMARY 3.1. Major Findings 3.1.1. Key Segment Trends 3.1.1.1. Product 3.1.1.2. Power 3.1.2. Key Regional Trends 3.2. Key Companies and their Strategies 4. MARKET OVERVIEW 4.1. Recreational Boating Concept & Definition 4.2. Segments Overview 4.2.1. Recreational Boating By Product 4.2.1.1. Inboard Boats 4.2.1.2. Outboard Boats 4.2.1.3. Inflatable 4.2.1.4. Sail Boats 4.2.2. Recreational Boating By Power 4.2.2.1. Engine-Powered 4.2.2.2. Man-Powered 4.2.2.3. Sail Propelled 4.3. Market Dynamics 4.3.1. Drivers 4.3.2. Restraints 4.3.3. Opportunities 4.4. Porter’s Analysis 4.5. PESTLE Analysis 4.6. Fragmentation 4.6.1. Key strategic Alliances of companies (inorganic & organic) 4.6.2. Company Market Share (Top 10 Players) 4.6.3. Comparative Analysis of Key players in IoT Automotive 4.7. Global Recreational Boating Market Industry Trends 5. GLOBAL RECREATIONAL BOATING PRODUCT ESTIMATES & TREND ANALYSIS (2022 - 2029) 5.1. Global Recreational Boating Market: Product Analysis 5.1.1. Inboard Boats 5.1.1.1. Market Share and growth forecasts, 2022 - 2029 (USD Billion) 5.1.2. Outboard Boats 5.1.2.1. Market Share and growth forecasts, 2022 - 2029 (USD Billion) 5.1.3. Inflatable 5.1.3.1. Market Share and growth forecasts, 2022 - 2029 (USD Billion) 5.1.4. Sail Boats 5.1.4.1. Market Share and growth forecasts, 2022 - 2029 (USD Billion) 5.2. Global Recreational Boating Market: Product Trends 6. GLOBAL RECREATIONAL BOATING POWER ESTIMATES & TREND ANALYSIS (2022 - 2029) 6.1. Global Recreational Boating Market: Power Analysis 6.1.1. Engine-Powered Recreational Boating 6.1.1.1. Market Share and growth forecasts,2022 - 2029 (USD Billion) 6.1.2. Man-Powered Recreational Boating 6.1.2.1. Market Share and growth forecasts,2022 - 2029 (USD Billion) 6.1.3. Sail Propelled Recreational Boating 6.1.3.1. Market Share and growth forecasts,2022 - 2029 (USD Billion) 6.2. Global Recreational Boating Market: Power Trends 7. REGIONAL RECREATIONAL BOATING ESTIMATES & TREND ANALYSIS (2022 - 2029) 7.1. North America Recreational Boating market share by Region, 2021 & 2029 7.2. North America 7.2.1. North America Recreational Boating market, Market Share and growth forecasts, 2022 - 2029 (USD Billion) 7.2.2. Recreational Boating Drivers for North America Market 7.2.3. Market Share Analysis and Growth Forecast, by Country 7.2.3.1. US Recreational Boating 7.2.3.2. Canada Recreational Boating 7.2.4. Country-wise GDP Growth Forecast 7.2.5. Recreational Boating Trends in North America Market 7.3. Europe 7.3.1. Europe Recreational Boating market, Market Share and growth forecasts, 2022 - 2029 (USD Billion) 7.3.2. Recreational Boating Drivers for Europe Market 7.3.3. Market Share Analysis and Growth Forecast, by Country 7.3.3.1. UK Recreational Boating 7.3.3.2. Germany Recreational Boating 7.3.3.3. France Recreational Boating 7.3.3.4. Russia Recreational Boating 7.3.3.5. Spain Recreational Boating 7.3.3.6. Italy Recreational Boating 7.3.3.7. Others 7.3.4. Country-wise GDP Growth Forecast 7.3.5. Recreational Boating Trends in Europe Market 7.4. Asia Pacific 7.4.1. Asia Pacific Recreational Boating market, Market Share and growth forecasts, 2022 - 2029 (USD Billion) 7.4.2. Recreational Boating Drivers for Asia Pacific Market 7.4.3. Market Share Analysis and Growth Forecast, by Country 7.4.3.1. China Recreational Boating 7.4.3.2. Japan Recreational Boating 7.4.3.3. India Recreational Boating 7.4.3.4. South Korea Recreational Boating 7.4.3.5. Australia Recreational Boating 7.4.3.6. Others 7.4.4. Country-wise GDP Growth Forecast 7.4.5. Recreational Boating Trends in Asia Pacific Market 7.5. Middle-east and Africa 7.5.1. Middle-east and Africa Recreational Boating market, Market Share and growth forecasts, 2022 - 2029 (USD Billion) 7.5.2. Recreational Boating Drivers for Middle-east and Africa Market 7.5.3. Market Share Analysis and Growth Forecast, by Country 7.5.3.1. GCC Countries Recreational Boating 7.5.3.2. Saudi Arabia Recreational Boating 7.5.3.3. Others 7.5.4. Recreational Boating Trends in Middle-east and Africa Market 7.6. Latin America 7.6.1. Latin America Recreational Boating market, Market Share and growth forecasts, 2022 - 2029 (USD Billion) 7.6.2. Recreational Boating Drivers for Latin America Market 7.6.3. Market Share Analysis and Growth Forecast, by Country 7.6.3.1. Brazil Recreational Boating 7.6.3.2. Mexico Recreational Boating 7.6.3.3. Others 7.6.4. Recreational Boating Trends in Latin America Market 8. MARKET COMPETITION ANALYSIS 8.1. Recreational Boating Strategy Framework 8.2. Recreational Boating Consolidation 8.2.1. Recreational Boating Patent Analysis 8.2.2. Recreational Boating Mergers & Acquisitions 8.2.2.1. Region-Based 8.2.2.2. List of Mergers & Acquisitions 8.2.3. Company Benchmarking (Revenue & Profit Based) 8.2.4. Strategic Assessment of Company Consolidations 8.2.5. Emerging Business Models 8.3. Company Profiles 8.3.1. Brunswick 8.3.1.1. Company overview 8.3.1.2. Key financials 8.3.1.3. Geographical presence 8.3.1.4. Product and Business Segments 8.3.1.5. Strategic initiatives 8.3.1.6. SWOT analysis 8.3.1.7. Competitive positioning and landscape 8.3.2. Ferretti 8.3.2.1. Company overview 8.3.2.2. Key financials 8.3.2.3. Geographical presence 8.3.2.4. Product and Business Segments 8.3.2.5. Strategic initiatives 8.3.2.6. SWOT analysis 8.3.2.7. Competitive positioning and landscape 8.3.3. Malibu Boats 8.3.3.1. Company overview 8.3.3.2. Key financials 8.3.3.3. Geographical presence 8.3.3.4. Product and Business Segments 8.3.3.5. Strategic initiatives 8.3.3.6. SWOT analysis 8.3.3.7. Competitive positioning and landscape 8.3.4. Beneteau 8.3.4.1. Company overview 8.3.4.2. Key financials 8.3.4.3. Geographical presence 8.3.4.4. Product and Business Segments 8.3.4.5. Strategic initiatives 8.3.4.6. SWOT analysis 8.3.4.7. Competitive positioning and landscape 8.3.5. Sunseeker 8.3.5.1. Company overview 8.3.5.2. Key financials 8.3.5.3. Geographical presence 8.3.5.4. Product and Business Segments 8.3.5.5. Strategic initiatives 8.3.5.6. SWOT analysis 8.3.5.7. Competitive positioning and landscape 8.3.6. American Sail Inc. 8.3.6.1. Company overview 8.3.6.2. Key financials 8.3.6.3. Geographical presence 8.3.6.4. Product and Business Segments 8.3.6.5. Strategic initiatives 8.3.6.6. SWOT analysis 8.3.6.7. Competitive positioning and landscape 8.3.7. MacGregor 8.3.7.1. Company overview 8.3.7.2. Key financials 8.3.7.3. Geographical presence 8.3.7.4. Product and Business Segments 8.3.7.5. Strategic initiatives 8.3.7.6. SWOT analysis 8.3.7.7. Competitive positioning and landscape 8.3.8. Hunter 8.3.8.1. Company overview 8.3.8.2. Key financials 8.3.8.3. Geographical presence 8.3.8.4. Product and Business Segments 8.3.8.5. Strategic initiatives 8.3.8.6. SWOT analysis 8.3.8.7. Competitive positioning and landscape 8.3.9. Azimut-Benetti 8.3.9.1. Company overview 8.3.9.2. Key financials 8.3.9.3. Geographical presence 8.3.9.4. Product and Business Segments 8.3.9.5. Strategic initiatives 8.3.9.6. SWOT analysis 8.3.9.7. Competitive positioning and landscape 8.3.10. Princess Cruise 8.3.10.1. Company overview 8.3.10.2. Key financials 8.3.10.3. Geographical presence 8.3.10.4. Product and Business Segments 8.3.10.5. Strategic initiatives 8.3.10.6. SWOT analysis 8.3.10.7. Competitive positioning and landscape 8.3.11. Hobie Cat Corporation 8.3.11.1. Company overview 8.3.11.2. Key financials 8.3.11.3. Geographical presence 8.3.11.4. Product and Business Segments 8.3.11.5. Strategic initiatives 8.3.11.6. SWOT analysis 8.3.11.7. Competitive positioning and landscape 8.3.12. Bavaria Yachtbau 8.3.12.1. Company overview 8.3.12.2. Key financials 8.3.12.3. Geographical presence 8.3.12.4. Product and Business Segments 8.3.12.5. Strategic initiatives 8.3.12.6. SWOT analysis 8.3.12.7. Competitive positioning and landscape 8.3.13. Catalina Yachts 8.3.13.1. Company overview 8.3.13.2. Key financials 8.3.13.3. Geographical presence 8.3.13.4. Product and Business Segments 8.3.13.5. Strategic initiatives 8.3.13.6. SWOT analysis 8.3.13.7. Competitive positioning and landscape 8.3.14. General Motors Company 8.3.15. Godfrey Marine 8.3.16. Honda Motor Company Limited 8.3.17. Hydra-Sports Boat 8.3.18. Interphase Technologies 8.3.19. Kawasaki Heavy Industries Limited 8.3.20. KCS International Incorporated 8.3.21. Pleasurecraft Engine Group 8.3.22. Poly Marquis Yach 8.3.23. Tognum AG 8.3.24. Yamaha Motor Company Limited.

About This Report

Report ID 12494
Category Electronics
Published Date June 2023
Updated Date
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