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.
Latest report by Value Market Research expects the Global Recreational Boating Market to reach USD 14.8 billion by 2025. It was valued USD 11.4 billion in 2018. The report foresees a 3.8% CAGR from 2019 to 2025.
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 11.4 BN (by revenue) in 2018 and is anticipated to reach USD 14.8 BN by 2025 with a CAGR of 3.8%.
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.
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.
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.
- Inboard Boats
- Outboard Boats
- Water Skiing
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.
Europe Recreational Boating Market By Revenue (USD MN)
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 Beneteau, Brunswick Corporation, Ferretti, Grand Banks Yachts, Gulf Craft Inc, Horizon Boats, Marine Products Corporation and Sanlorenzo. 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.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.
2. EXECUTIVE SUMMARY
- Introduction To Recreational Boating
- Report Description
- Objectives Of The Study
- Research Scope
- Research Methodology
3. MARKET ANALYSIS
- Market Highlight
- Global Recreational Boating Market: Snapshot
4. RECREATIONAL BOATING MARKET ANALYSIS BY PRODUCT
- Porter’s Five Forces Analysis
- Value Chain Analysis
5. RECREATIONAL BOATING MARKET ANALYSIS BY APPLICATION
- Market In Inboard Boats
- Market In Outboard Boats
6. RECREATIONAL BOATING MARKET ANALYSIS BY GEOGRAPHY
- Market In Fishing
- Market In Water Skiing
- Market In Travel
- Market In Other
7. COMPETITIVE LANDSCAPE OF THE RECREATIONAL BOATING COMPANIES
- North America (NA)
- North America Market Estimates
- North America Market Estimates By Country
- United States (U.S.) Market Estimates By Segments
- Rest Of North America Market Estimates By Segments
- Europe (EU)
- Europe Market Estimates
- Europe Market Estimates By Country
- United Kingdom (UK) Market Estimates By Segments
- Germany Market Estimates By Segments
- France Market Estimates By Segments
- Rest Of Europe Market Estimates By Segments
- Asia Pacific (APAC)
- Asia Pacific Market Estimates
- Asia Pacific Market Estimates By Country
- China Market Estimates By Segments
- Japan Market Estimates By Segments
- India Market Estimates By Segments
- Rest Of Asia Pacific Market Estimates By Segments
- Latin America (LA)
- Latin America Market Estimates
- Latin America Market Estimates By Country
- Brazil Market Estimates By Segments
- Rest Of Latin America Market Estimates By Segments
- Middle East And Africa (MEA)
- Middle East And Africa Market Estimates
- Middle East And Africa Market Estimates By Country
- Middle East Market Estimates By Segments
- Africa Market Estimates By Segments
8. COMPANY PROFILES OF THE RECREATIONAL BOATING INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
- Market Competition
- Mergers And Acquisitions
- New Product Launches
- Other Developments
* Tentative TOC
LIST OF TABLES
- Brunswick Corporation
- Grand Banks Yachts
- Gulf Craft Inc
- Horizon Boats
- Marine Products Corporation
Table 1. Market Highlights Of Recreational Boating
Table 2. Global Recreational Boating Market By Product
Table 3. Global Recreational Boating Market By Application
Table 4. Global Recreational Boating Market By Geography
Table 5. North America Recreational Boating Market
Table 6. Europe Recreational Boating Market
Table 7. Asia Pacific Recreational Boating Market
Table 8. Latin America Recreational Boating Market
Table 9. Middle East And Africa Recreational Boating Market
Table 10. Partnership/Collaboration/Agreements
Table 11. Mergers And Acquisitions
Table 12. New Product Development
Table 13. Other Developments
LIST OF FIGURES
Fig. 1. Market Segmentation Of Recreational Boating Market
Fig. 2. Top-Down Approach
Fig. 3. Bottom-Up Approach
Fig. 4. Market Highlights Of Recreational Boating
Fig. 5. Porter’s Five Forces Analysis
Fig. 6. Value Chain Analysis
Fig. 7. Global Recreational Boating Market By Product
Fig. 8. Global Recreational Boating Market By Application
Fig. 9. Global Recreational Boating Market By Geography
Fig. 10. North America Recreational Boating Market
Fig. 11. Europe Recreational Boating Market
Fig. 12. Asia Pacific Recreational Boating Market
Fig. 13. Latin America Recreational Boating Market
Fig. 14. Middle East And Africa Recreational Boating Market
Fig. 15. Market Share Of Recreational Boating Companies
Fig. 16. Recent Developments In Recreational Boating Industry
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.