U.S. Recreational Boating Market 2024 Key Players are American Sail Inc., Azimut-Benetti Group, Bavaria Yachts, Groupe Beneteau, Brunswick Corporation, and Catalina Yachts

Florida recreational boating industry will exhibit over 6.5% CAGR over the study period. This growth can be attributed to the increasing government initiatives to educate and encourage the participation of customers for recreational boating. The regulations by Florida Fish and Wildlife Conservation Commission mandating minimum safety equipment on boats will further influence the industry growth. The boat shows across the state such as Fort Myers Boat Show, Charlotte County Boat Show, and Bonita Springs Boat Show provides platform for industry participants to showcase their latest technology in boats and attracts boat riders, escalating the U.S. recreational boating market size.

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The outboard boats will capture a volume share of over 71% by 2024. The dominance can be credited to the several advantages such as easier maintenance and maneuvering capabilities of these water crafts. The enhanced cockpit space as compared to counter parts will further boost the recreational boating demand over the forecast time frame.

Recreational Boating Market in U.S. by Products

• Inboard Boats
• Outboard Boats
• Inflatable
• Sail Boats
• PWCs

Recreational Boating Market in U.S. by Power

• Engine-Powered
• Man-Powered
• Sail Propelled

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The engine powered boats will witness growth rate of almost 4% till 2024 due to the increasing penetration of PWCs, inboard, and outboard for recreational boating. These boats are available in multiple engine specification alternatives with a wide range of fuel types including petrol, diesel, ethanol, hybrid, and electric favoring the business growth.

Increasing customer spending for tourism is boosting the U.S. recreational boating market demand. Proliferating usage of boats for leisure and water sports activities such as river rafting, kayaking, racing, and sailing are enhancing the production of pleasure crafts, thereby strengthening industry size over the forecast timeframe.

Continuous government support to upgrade and maintain the recreational boating infrastructure will drive the industry share over the forecast timeframe. For instance, in 2015, the U.S. Fish and Wildlife Service through the Boating Infrastructure Grant (BIG) program announced grants of worth over USD 14 million. It aims to maintain and upgrade the boating infrastructure along with providing strong support for manufacturers.

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American Sail Inc., Azimut-Benetti Group, Bavaria Yachts, Groupe Beneteau, Brunswick Corporation, and Catalina Yachts are few players of the recreational boating industry. Mergers and acquisitions are among the common strategies adopted by the participants to enhance their product offerings. For instance, in June 2018, Brunswick Corporation announced the acquisition of Power Products for USD 910 million to complement its portfolio with existing Power Products brands.

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