Press release
Growth of Recreational Boating Market On Top Key Players - Malibu Boats, Ferretti, Brunswick, Sunseeker, MacGregor, American Sail
The prime objective of Recreational Boating Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report.
Global recreational boating market is anticipated to exceed USD 230 billion over the forecast timeframe. Increasing promotional activities of tourist?s sports coupled with travel & tourism industry growth are primary factors boosting recreational boating market share during forecast time frame. Rising disposable income has resulted in an upsurge of traveling and adventure sports.
This report focuses on the top Manufacturers and players in global market are given bellow:-
Azimut-Benetti, Hunter, Malibu Boats, Ferretti, Brunswick, Sunseeker, MacGregor, American Sail Inc
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Growth in tourism and traveling industry particularly among the countries includes UAE, Saudi Arabia, and Egypt are generating excellent products demand. Adventure sports have become a prominent factor for tourist attraction in the region. Proliferating economic development along with increasing infrastructure development will positive influence the product penetration.
Manufacturing companies are focusing on technological advancements by implementing Global Navigation Satellite Systems (GNSS) for the crew & passenger safety. National Oceanic and Atmospheric Administration (NOAA) of U.S. Department of Commerce is providing safety technology now COAST, a web mapping portal utilized in real-time coastal observations, forecast, and warnings for pilots of recreational and commercial boats. Incorporating these systems are highly benefited for the fishing vessel for control, search and rescue activities along with waterways traffic management and overall sea surveillance supporting recreational boating market.
Outboard boat market is anticipated to contribute over USD 135 billion by 2024. Shifting consumer preference owing to benefits including more space along with more interior stowage in the boats is instigating strong product demand. Cost effectiveness, less maintenance and high reliability will result in segment growth over the forecast timeframe.
Recreational Boating Market Size By Product
Inboard Boats, Outboard Boats, Inflatable, Sail Boats
By Power
Engine-Powered, Man-Powered, Sail Propelled
Industry Analysis Report, Regional Outlook
U.S., Canada, Germany, UK, France, Italy, Netherlands, Poland, China, Japan, India, South Korea, Australia, Brazil, Mexico, Argentina, Egypt, South Africa)
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According to Arizton latest research report, the global recreational boats market [https://www.arizton.com/market-reports/recreational-boat-market] is growing at a CAGR of 6.71% during 2024-2030.
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MARKET SIZE - REVENUE (2024): USD 37.40 Billion
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MARKET SIZE-VOLUME (2030): 820.6 Thousand Units
HISTORIC YEAR: 2021-2023
BASE YEAR: 2024
FORECAST YEAR: 2025-2030
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