Rising tourism sector especially marine and coastal tourism is driving the market growth. Ongoing innovation for the development of advanced boat engine and structure required for water sports is further fueling the market growth. The shift in consumer spending on leisure activities and water sports are again boosting the market growth. Booming economies along with a rise in disposable income are contributing to the demand for leisure activities. This, in turn, is generating demand for recreational boating. In addition to this, the rise in the number of boat events and trade shows are likely to upsurge the market growth.
Outboard boats dominated the product segment
In 2018, outboard boats emerged as the leading product segment by accounting maximum market share. Advantages of outboard boats are less expensive, easy to maintain and provides better performance, is driving the segment market. Outboard boats owing to more spacious option over the inboard boats is again fueling the segment growth.
Fishing led the application segment
Increasing urban population and rising income levels are expected to positively influence the fishing application in the coming years. Furthermore, increasing technological advancements in recreational boats followed by the rising interest of consumers in fishing is again fueling the segment market.
North America dominated the regional market
Geographically, North America is leading the regional market in 2018. A growing number of industry players involved in recreation boating and leisure activities is driving the segment growth. The well-established marine industry is again boosting the regional market growth.
Major players of the market
The prominent players of the market are Beneteau, Brunswick Corporation, Ferretti, Grand Banks Yachts, Gulf Craft Inc, Horizon Boats, Marine Products Corporation and Sanlorenzo.
As per this study, the Global Recreational Boating Market was valued USD 26.8 BN (by revenue) in 2022 and is anticipated to reach USD 43.36 BN by 2030 with a CAGR of 6.2%.
Recreational boating refers to the leisure activity carried out by recreational boats for traveling and fun purpose. Recreational boats are alternatively known as pleasure crafts. Various types of boats such as kayaks, rowing shells, runabouts powerboats are used for performing fishing, water skiing, and other watersports.
Market Dynamics
Growing tours and tourism industry is majorly driving the recreational boating market growth. Increasing attraction towards recreation activities and watersports is again boosting the demand for recreational boating. Booming economies, rise in disposable income, growing middle class population and increased spending on leisure activities is pushing the market growth. However, the high cost of recreational boats may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of recreational boating.
Market Segmentation
The broad recreational boating market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Power
By Product Type
By Activity Type
By Size
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for recreational boating in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Recreational Boating Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the recreational boating market include Mastercraft Boat Holdings, Inc, Hobie Cat Company, Polaris Inc, Sunseeker International Limited, Brunswick Corporation, Azimut Benetti Group, Marine Products Corporation, Yamaha Motor Co., Ltd., White River Marine Group, Groupe Beneteau. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . RECREATIONAL BOATING – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Power
3.7.2 Market Attractiveness Analysis By Product Type
3.7.3 Market Attractiveness Analysis By Activity Type
3.7.4 Market Attractiveness Analysis By Size
3.7.5 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL RECREATIONAL BOATING MARKET ANALYSIS BY POWER
5.1 Overview by Power
5.2 Historical and Forecast Data
5.3 Analysis by Power
5.4 Engine Powered Historic and Forecast Sales by Regions
5.5 Man Powered Historic and Forecast Sales by Regions
5.6 Sail Propelled Historic and Forecast Sales by Regions
6 . GLOBAL RECREATIONAL BOATING MARKET ANALYSIS BY PRODUCT TYPE
6.1 Overview by Product Type
6.2 Historical and Forecast Data
6.3 Analysis by Product Type
6.4 Inboard Boats Historic and Forecast Sales by Regions
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