Global Recreational Boat Market (2021 to 2027) – Expansion of Recreational Boat Manufacturers in Other Parts of the World Presents Opportunities

DUBLIN, Sept. 21, 2021 /PRNewswire/ — The «Recreational Boat Market by Boat Type (Sailboats, PWC, Inflatables), Size (<_0>50 Feet), Engine…

DUBLIN, Sept. 21, 2021 /PRNewswire/ — The «Recreational Boat Market by Boat Type (Sailboats, PWC, Inflatables), Size (<_0>50 Feet), Engine Placement (Outboards, Inboards), Engine (ICE, Electric), Material (Aluminium, Fiberglass), Activity Type, Power Source & Region – Global Forecast to 2027» report has been added to ResearchAndMarkets.com’s offering.

Research and Markets Logo

The global recreational boat market size is projected to grow from USD 16.4 Billion in 2021 to USD 23.6 Billion by 2027, at a CAGR of 6.2%.

Factors such as growing tourism industry and increasing disposable income levels of people will boost the market. Developments in autonomous marine technology will further increase the demand for recreational boating, increasing demand for less skilled recreational boaters. The presence of a large number of manufacturers in this well integrated and fragmented industry ensures a stable supply for the demand of recreational boats around the world.

Outboards are estimated to account for the largest market size during the forecast period.

The outboard boat segment is currently the largest segment in the recreational boat market around the world. it will continue to be the largest segment during the forecast period due to high demand across US and Europe. This is because these boats have better speed, are easier to dock and cost much less to maintain compared to other variants. They also have a lower chance of catching fire due to the engine being located outside the boat. This leads to outboard boats being the most popular boat for boating enthusiasts.

North America is expected to witness significant growth during the forecast period.

The recreational boat market in North America is expected to be the largest and fastest-growing across the world due to high demand for leisure boating and water-sports in the region. US is expected to be a fast-growing market in the region with the government helping grow the recreational boat market over the years. However, Emission regulations could limit the growth rate of the market in both these countries by reducing recreational boating demand in the coming years. Canada also has a high demand due to recreational boating being a traditional pastime in the region. Mexico is also a fast-growing market with recreational boating gradually finding its place in the country.

Aluminum to be the top boat building material during the forecasted period.

The aluminum boats segment is currently the largest boat segment in the recreational boat market around the world. Due to its strong usability and low cost, these boats are mostly used for small-sized boats for recreational boating. Personal boats are mostly made of aluminum due to their lower costs, less servicing and maintenance requirements and ease of use for general boating operations. These boats are easy to manufacture and are the most easily available recreational boats in the market. North America will be the largest market for aluminum boats followed by Europe, Asia Oceania and the rest of the world. This is due to the high demand of these boats as private boats for people in the North American and European regions.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

3.1 COVID-19 Impact on the Recreational Boat Market, 2021-2027

4 Premium Insights

4.1 Attractive Opportunities in the Recreational Boat Market

4.2 Recreational Boat Market Growth Rate, by Region

4.3 Recreational Boat Market, by Boat Type

4.4 Recreational Boat Market, by Activity Type

4.5 Recreational Boat Market, by Engine Location

4.6 Recreational Boat Market, by Power Source

4.7 Recreational Boat Market, by Boat Size

4.8 Recreational Boat Market, by Engine Type

4.9 Recreational Boat Market, by Material Type

4.10 Recreational Boat Market, by Power Range

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Rising Disposable Income of People Around the World

5.2.1.2 Growing Tourism Industry

5.2.1.3 Increasing Number of Boat Shows Around the World

5.2.1.4 Integration of the Latest Technologies in Boats

5.2.2 Restraints

5.2.2.1 Strict Pollution Norms for Recreational Boats

5.2.2.2 Setting Up of Zero-Emission Zones

5.2.3 Opportunities

5.2.3.1 Online Market for the Industry Can Boost Sales in Untapped Markets

5.2.3.2 Expansion of Recreational Boat Manufacturers in Other Parts of the World

5.2.3.3 New Business Opportunities for Locally Servicing Recreational Boats

5.2.4 Challenges

5.2.4.1 Fluctuating Demand in the Industry Over the Years

5.2.4.2 Presence of Trade Barriers in the Boating Industry

5.3 Porter’s Five Forces

5.4 Recreational Boat Market Ecosystem

5.4.1 Marine Component Manufacturers

5.4.2 Marine Engine Manufacturers

5.4.3 OEMs

5.5 Value Chain Analysis

5.6 Recreational Boat Market – Pricing Analysis

5.7 Trends/Disruptions Impacting Buyers in the Recreational Boat Market

5.8 Technology Analysis

5.9 Patent Analysis

5.10 Case Study

5.11 Regulatory Overview

5.12 Trade Data

5.13 COVID-19 Impact Analysis

5.14 Recreational Boat Market, Scenarios (2021-2027)

6 Recreational Boat Market, by Boat Type

6.1 Introduction

6.1.1 Yachts are Estimated to Lead the Market Both by Value and Volume

6.2 Operational Data

6.2.1 Assumptions

6.3 Research Methodology

6.4 Yachts

6.4.1 North America is Expected to Lead the Yacht Market by Volume and Value

6.5 Sailboats

6.5.1 Europe is Estimated to Lead the Sailboat Market by Volume

6.6 Personal Watercraft Boats

6.6.1 North America and Asia Oceania are Expected to Lead the Personal Watercraft Market

6.7 Inflatable Boats

6.7.1 Asia Oceania is Expected to Lead the Inflatable Boat Market, by Volume and Value

6.8 Others

6.8.1 North America is Expected to Lead the Others Boat Market, by Volume and Value

6.9 Key Industry Insights

7 Recreational Boat Market, by Activity Type

7.1 Introduction

7.1.1 Cruising + Watersports Segment is Expected to Grow at a Faster Rate Both by Volume and Value

7.2 Operational Data

7.2.1 Assumptions

7.3 Research Methodology

7.4 Cruising + Watersports

7.4.1 North America is Expected to be the Largest Market for Cruising + Watersports Activities

7.5 Fishing

7.5.1 North America is Expected to Lead the Fishing Boat Market in Terms of Volume

7.6 Key Industry Insights

8 Recreational Boat Market, by Boat Size

8.1 Introduction

8.1.1 30-50 Feet Segment is Expected to Grow at a Faster Rate by Volume

8.2 Operational Data

8.2.1 Assumptions

8.3 Research Methodology

8.4 <_0 feet=»feet» />8.4.1 North America is Expected to be the Fastest Growing Market for <_0 feet=»feet» boats=»boats» by=»by» />8.5 30-50 Feet Boats

8.5.1 North America is Expected to Lead the 30-50 Ft Boats Market in Terms of Volume

8.6 >50 Feet Boats

8.6.1 >50 Feet Boat to Lead the Market in Terms of Value

8.7 Key Industry Insights

9 Recreational Boat Market, by Material Type

9.1 Introduction

9.1.1 Aluminum Boats are Estimated to Lead the Market

9.2 Operational Data

9.2.1 Assumptions

9.3 Research Methodology

9.4 Aluminum

9.4.1 Aluminum Boats to be the Largest Segment due to Lower Cost and High Applicability in Smaller Sized Boats

9.5 Steel Boats

9.5.1 North America is Estimated to Lead the Steel Boats Market by Volume

9.6 Fiberglass Boats

9.6.1 Fiberglass Boats to Grow in Demand due to Higher Sailing Stability and More Complex Hull Designs

9.7 Others

9.7.1 North America is Expected to Lead the Market, by Volume and Value

9.8 Key Industry Insights

10 Recreational Boat Market, by Engine Location

10.1 Introduction

10.1.1 Outboard Boats are Estimated to Lead the Market Both by Value and Volume

10.2 Operational Data

10.2.1 Assumptions

10.3 Research Methodology

10.4 Outboard Engine Boats

10.4.1 North America and Asia Oceania Will Lead the Outboard Market

10.5 Inboard Engine Boats

10.5.1 North America Will be the Fastest Growing Region for the Inboard Segment

10.6 Others

10.6.1 North America is Expected to Lead the Market by Volume

10.7 Key Industry Insights

11 Recreational Boat Market, by Engine Type

11.1 Introduction

11.1.1 Electric Engine Segment is Expected to Grow at a Faster Rate Both by Volume and Value

11.2 Operational Data

11.2.1 Assumptions

11.3 Research Methodology

11.4 Ice

11.4.1 North America is the Largest Market for Ice Engine Boats by Volume

11.5 Electric

11.5.1 North America is Expected to Lead the Market in Terms of Volume

11.6 Key Industry Insights

12 Recreational Boat Market, by Power Source

12.1 Introduction

12.1.1 Engine-Powered Boat Segment is Expected to Lead the Market Globally by Volume and Value

12.2 Operational Data

12.2.1 Assumptions

12.3 Research Methodology

12.4 Engine-Powered Boats

12.4.1 North America and Asia Oceania to Lead the Engine-Powered Boat Market by Volume

12.5 Sail-Powered Boats

12.5.1 North America is Expected to Lead the Sail-Powered Boat Market in Terms of Volume and Value

12.6 Human-Powered Boats

12.6.1 North America is Expected to Lead the Human-Powered Recreational Boat Market by Value

12.7 Key Industry Insights

13 Recreational Boat Market, by Power Range

13.1 Introduction

13.1.1 Up to 100 Kw Segment is Estimated to Lead the Market by Value

13.2 Operational Data

13.2.1 Assumptions

13.3 Research Methodology

13.4 Up to 100 Kw

13.5 100 Kw-200 Kw

13.6 Above 200 Kw

13.7 Key Industry Insights

14 Recreational Boat Market, by Distribution Channel

14.1 Introduction

14.2 Boat Dealership

14.3 Boat Shows

14.4 Online Boat Sales

15 Recreational Boat Market, by Region

16 Competitive Landscape

17 Company Profiles

17.1 Key Players

17.1.1 Brunswick Corporation

17.1.2 Groupe Beneteau

17.1.3 Mastercraft Boat Company

17.1.4 Malibu Boats

17.1.5 Polaris Inc.

17.1.6 Azimut Benetti Group

17.1.7 Sunseeker International

17.1.8 Bombardier Recreational Products

17.1.9 Ferretti Group

17.1.10 Bass Pro Group

17.1.11 Marine Products Corporation

17.1.12 Bryton Marine Group

17.2 Other Players

17.2.1 Yamaha Motor Company

17.2.2 Mahindra and Mahindra

17.2.3 Catalina Yachts

17.2.4 Zodiac Marine (Zodiac Nautic)

17.2.5 Island Packet Yachts

17.2.6 Hallberg-Rassy

17.2.7 Oyster Yachts

17.2.8 Winnebago Industries

17.2.9 Monterey Boats

17.2.10 S2 Yachts

17.2.11 Smoker Craft

17.2.12 Marquis-Larson Boat Group

17.2.13 Ocean Alexander

18 Analyst’s Recommendations

19 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/keq9h6

Media Contact:

Research and Markets

Laura Wood, Senior Manager

press@researchandmarkets.com   



For E.S.T Office Hours Call +1-917-300-0470

For U.S./CAN Toll Free Call +1-800-526-8630

For GMT Office Hours Call +353-1-416-8900



U.S. Fax: 646-607-1904

Fax (outside U.S.): +353-1-481-1716

Cision View original content:https://www.prnewswire.com/news-releases/global-recreational-boat-market-2021-to-2027—expansion-of-recreational-boat-manufacturers-in-other-parts-of-the-world-presents-opportunities-301381731.html

SOURCE Research and Markets