U.S. Recreational Boating Market | Industry Players are American Sail, Azimut-Benetti, Bavaria Yachts, Groupe Beneteau, Brunswick Corporation, Catalina Yachts

Market Overview:-

Luxury boating, being one of the most popular leisure activities in the United States, has led to the U.S. recreational boating market emerging as a highly profitable industry. In 2018, the National Marine Manufacturers Association (NMMA) announced boat sales in the U.S.to have reached a 10-year high, encouraging boat manufacturers to further expand their production capacity to meet the rising demand. NMMA data shows that unit sales of new powerboats reached 262,000 in 2017 increasing 5% when compared to unit sales in 2016.

Request For Sample Copy Of This Report @ https://www.gminsights.com/request-sample/detail/2806     

Incidentally this is the highest level of boat sales registered in the U.S. in the past 10 years – a fact that provided a boost to the U.S. recreational boating industry. As per estimates, total marine expenditure in 2017 amounted to $39 billion which included spending on not only new boats, but trailers, engines, services and accessories. Boat manufacturers also responded to the demand with the building of new plants and expanding production capacity. In 2017 the U.S. recreational boating market size was valued at $20.5 billion and is expected to depict a commendable upsurge in the years ahead.

Top Key Players:-    

American Sail Inc.
Azimut-Benetti Group
Bavaria Yachts
Groupe Beneteau
Brunswick Corporation
Catalina Yachts
Regional Segmentations:-

Florida recreational boating market will generate approximately USD 3 billion over the forecast timeframe. Stringent government regulations mandating safety equipment in boats enhances consumer confidence for adopting such boats in the state. Further, the boat shows organized across the state to promote next generation technologies will further proliferate the states revenue.

Make an inquiry before buying this report @ https://www.gminsights.com/inquiry-before-buying/2806

Major Points of Table Of Content:-

U.S. Recreational Boating Industry Insights
3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1.  Component supplier

3.3.2.  Manufacturers

3.3.3.  Distribution channel analysis

3.3.4.  Vendor matrix

3.4. Technology landscape

3.5. Requirements on safety equipment for recreational craft

3.6. Pricing analysis

3.6.1.  Cost structure analysis

3.7. U.S. regulatory landscape

3.8. Marine engines

3.9. Dock accessories analysis

3.9.1.  Bow guide

3.9.2.  Dock corners

3.9.3.  Boat lifts

3.9.4.  Centering guides

3.9.5.  Dock lockers

3.9.6.  Others

3.10.    Industry impact forces

3.10.1.   Growth drivers

3.10.1.1.  Rising leisure activities

3.10.2.   Industry pitfalls & challenges

3.10.2.1.  Rising fatalities and injuries

3.11.    Innovation and sustainability

3.11.1.   IT tools such as online booking, smart phone applications and Wi-Fi solutions

3.12.    Growth potential analysis

3.13.   Porter's analysis

3.14.   Competitive landscape of boat lift market

3.14.1.   Top players analysis, 2017

3.14.2.   Strategy dashboard

3.15.    Competitive landscape of recreational boating market, 2017

3.15.1.   Top players analysis, 2017

3.15.2.   Strategy dashboard

3.16.    PESTEL analysis

Browse Full Report @ https://www.gminsights.com/industry-analysis/us-recreational-boating-market

The U.S. recreational boating market took a sharp decline when the country went into a recession in 2008 with consumers having less disposable income to be spent on leisure activities. More recently the Trump administration’s implementation of tariffs has put a dampener on the U.S. recreational boating industry, though between 2012 and 2016, the market experienced a gradual upsurge. U.S. recreational boating market which supports approximately 650,000 jobs and 35,000 businesses nationwide, is touted to be one of the stalwarts of the American manufacturing sector. With the government of the country emphasizing on the importance of manufacturing and export, the U.S. recreational boating market is expected to register a CAGR of 4.5% over 2018-2024.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Auto Blog: http://freeautomotivenews.com
Email: sales@gminsights.com
Web: www.gminsights.com

This release was published on openPR.