Recreational Boat Market Size to Reach USD 15 billion by 2028

By Ashwin Naphade  | Date: November 03, 2022

Recreational Boat Market Size to Reach USD 15 billion by 2028

As per recent citations, Global Recreational Boat Market is likely to register a CAGR of over 6.5% with an incremental growth of USD 15 billion during the forecast period 2022-2028. Recreational boats are, as the name suggests, primarily for pleasure. They are generally smaller in size, low-cost, and are for leisure activities like fishing, skiing, and travel.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global recreational boat market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the recreational boat industry.

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This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, power, size, activity type, and region. The global market for recreational boat can be segmented by product: outboards, inboards/sterndrives, personal watercrafts, others. Globally, the inboards/sterndrives segment made up the largest share of the recreational boat market. Recreational boat market is further segmented by power: engine powered, man powered, sail propelled. The engine powered boats segment captured the largest share of the market in 2021. Based on size, the recreational boat market is segmented into: up to 30 feet, 30-50 feet, above 50 feet. On the basis of activity type, the recreational boat market also can be divided into: cruising, watersports, fishing. The cruising segment held the largest revenue share in 2021. Recreational boat market by region is categorized into: Asia Pacific, Europe, North America, Rest of the World (RoW).

By product:

- outboards

- inboards/sterndrives

- personal watercrafts

- others

By power:

- engine powered

- man powered

- sail propelled

By size:

- up to 30 feet

- 30-50 feet

- above 50 feet

By activity type:

- cruising

- watersports

- fishing

By region:

- Asia Pacific

- Europe

- North America

- Rest of the World (RoW)

The report also provides a detailed analysis of several leading recreational boat market vendors that include Azimut Benetti S.p.A., Bombardier Recreational Products Inc., Brunswick Corporation, Ferretti S.p.A., Groupe Beneteau, HanseYachts AG, Hobie Cat Company, Inc., Malibu Inc., Marine Products Corporation, MasterCraft Boat Holdings, Inc., Polaris Inc., Princess Yachts Limited, Sunseeker International Ltd., White River Marine Group, Yamaha Motor Co., Ltd., among others.

Questions And Answers: Global Recreational Boat Market

Q1. What is the CAGR that the Recreational Boat Market is expected to register through the projected duration?

Answer: The Recreational Boat Market is likely to register a CAGR of 6.5% over the forecast period.

Q2. How much is the Recreational Boat Market expected to be worth by the end of the year 2028?

Answer: Recreational Boat Market is likely to surpass a mammoth of USD 15 billion by the end of 2028.

Q3. Which Are the Key Players in Global Recreational Boat Market?

Answer: Azimut Benetti S.p.A., Bombardier Recreational Products Inc., Brunswick Corporation, Ferretti S.p.A., Groupe Beneteau, HanseYachts AG, Hobie Cat Company, Inc., Malibu Inc., Marine Products Corporation, MasterCraft Boat Holdings, Inc., Polaris Inc., Princess Yachts Limited, Sunseeker International Ltd., White River Marine Group, Yamaha Motor Co., Ltd., among others.

For More Details on This Report: https://www.marketstudyreport.com/reports/global-recreational-boat-market-2022-2028               

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About Author

Ashwin Naphade     ibmag.com

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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