Recreational Boating Market Size, Share, Growth Report 2030

Recreational Boating Market

Recreational Boating Market by Power (Engine Powered, Man Powered, and Sail Propelled) By Boat type (Cabin cruisers, Jet boats, Pontoon boats, Propulsion systems, Personal watercraft, and others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 18-Aug-2021 Category: Heavy Industry Report Format : PDF Pages: 120 Report Code: ZMR-292 Status : Published

The global Recreational Boating market accounted for USD 27.7 Billion in 2020 and is expected to reach USD 42.2 Billion by 2028, growing at a CAGR of around 5.3% between 2021 and 2028.

Recreational Boating Marke: Overview                          

The global Recreational Boating Market accounted for USD 27.7 Billion in 2020 and is expected to reach USD 42.2 Billion by 2028, growing at a CAGR of around 5.3% between 2021 and 2028.

The recreational boat is usually designed for the purpose of making the experience of tourism more enjoyable and full of fun. These boats are also known as pleasure craft boats. People use these boats to enjoy while outing with their families, friends, and colleagues. The recreational boat is used for many activities such as fishing, boat racing, water sports game, campaigning, and sailing. Materials used for the manufacturing of these boats consist of coated fabrics, plastic, and aluminum.

COVID-19 Impact Analysis:

The Covid-impact is severely impacting the various industry due to disruption from the coronavirus outbreak since the industry requires more human labor. The reduction of orders, halting of manufacturing operations, and shortage of labor are likely to continue to impact various applications, thereby affecting the Recreational Boating market.

COVID-19 has impacted businesses across the globe. The imposed lockdown and spread of the contagious virus have slowed down the operations in various industries including consumer, electronics, boating, and many more. Measures such as restriction and lockdown across the globe have been explicit and unprecedented. It has further disrupted supply chains, delayed projects, and created labor shortages.

Recreational Boating Marke: Growth Factors

The demand for recreational boats is increasing owing to the rising recreational, tourism, and promotional tourist sports activities. Various features provided by manufacturers such as new innovations in boats and increased boat sizes are responsible for the rising demand in the market. Moreover, the growth growing the tourism industry is also impacting the global recreational boating market in a positive way. In addition, an improved economy and growing population may also boost market growth in the coming future. Some of the major growth factors of the global recreational boating market are high-tech features, higher consumer confidence, and advanced technology.

Report Scope:  

Report Attribute Details
Base Year 2022
Historic Years 2018 - 2022
Forecast Years 2023 - 2030
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2023 to 2030
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Segment Analysis Preview  

On the basis of Power, the Recreational Boating market has been divided into Engine Powered, Man Powered, and Sail Propelled. Engine Powered held the major share in the market and is likely to remain dominant throughout the forecast period.

On the basis of Boat type, the market is segmented into Cabin cruisers, Jet boats, Pontoon boats, Propulsion systems, Personal watercraft, and Others. Cabin cruisers dominated the Recreational Boating industry in 2020, accounting for almost 35.2% of total Recreational Boating sales. These boats are primarily made up of plastic, aluminum, and coated fabrics. Recreational boating events are open to all kinds of boats such as engine powered, sail-powered, or man-powered.

Recreational Boating Marke: Regional Analysis Preview  

North America is the leading regional segment of the recreational boating market across the globe. The US accounted for the largest market share in the region. Factors such as stable economic conditions and government financial assistance are anticipated to boost the global recreational boating market. In addition, Europe is the second largest region for the market owing to its rising tourism activities. The Asia Pacific is also one of the well-known markets for recreational boating. Increasing double income of the middle-class people encourages them to spend on premium recreational activities such as recreational boating, which in turn fosters the growth of the market

Recreational Boating Marke: Key Players & Competitive Landscape

The major players operating in the Recreational Boating market are  Caterpillar Incorporated, Azimut-Benetti, Ferretti, Carlisle Paddles, Avon Inflatables, Brunswick Corporation, Rodriguez, Bombardier Recreational Products Incorporated, Bavarian, Sealine Attwood, Brunswick Corporation, Zodiac Marine & Pool, Platinum Equity, Baja Marine, Suzuki Motor Corporation, Princess, Group Beneteau, Sunseeker, and Azimut-Benetti. Other key players in the market are Yamaha Motor Company Limited, Kawasaki Heavy Industries Limited, KCS International Incorporated, Honda Motor Company Limited, Poly Marquis Yach, Tognum AG, Hydra-Sports Boat, Godfrey Marine, Crusader Marine Engines, General Motors Company, Pleasurecraft Engine Group, Interphase Technologies, and Fountain Powerboat Industries Incorporated.

The global Recreational Boating Market is segmented as follows:

By Power

  • Engine Powered
  • Man Powered
  • Sail Propelled

By Boat type  

By Region  

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

The global Recreational Boating Market was valued at USD 27.7 Billion in 2020.

The global Recreational Boating Market is expected to reach USD 42.2 Billion by 2028, growing at a CAGR of 5.3% between 2021 to 2028.  

Some of the key factors driving the global Recreational Boating Market growth are rising recreational, tourism, and promotional tourist sports activities.  

North America is the leading regional segment for recreational boating market across the globe. The US accounted for the largest market share in the region. Factors such as stable economic conditions and government financial assistance are anticipated to boost the global recreational boating market.  

Some of the major pSail Propelled of global Recreational Boating market includes Caterpillar Incorporated, Azimut-Benetti, Ferretti, Carlisle Paddles, Avon Inflatables, Brunswick Corporation, Rodriguez, Bombardier Recreational Products Incorporated, Bavarian, Sealine Attwood, Brunswick Corporation, Zodiac Marine & Pool, Platinum Equity, Baja Marine, Suzuki Motor Corporation, Princess, Group Beneteau, Sunseeker, and Azimut-Benetti. Others key players in the market are Yamaha Motor Company Limited, Kawasaki Heavy Industries Limited, KCS International Incorporated, Honda Motor Company Limited, Poly Marquis Yach, Tognum AG, Hydra-Sports Boat, Godfrey Marine, Crusader Marine Engines, General Motors Company, Pleasurecraft Engine Group, Interphase Technologies, and Fountain Powerboat Industries Incorporated.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed