Recreational Boat Market Global Share, Trend, Segmentation, Outlook and Forecast to 2023

ReportsnReports.com adds "Recreational Boat Market - Global Outlook and Forecast 2018-2023" report to its research store.

The global recreational boat market is expected to reach revenues of more than $50 billion by 2023, growing at a CAGR of approximately 4% during 2017-2023. The research report also offers market size in terms of unit shipment values during the forecast period.

The exponential growth of the travel and tourism industry across the European region will positively impact the development of the global market. The rapid economic development and the increasing demand for charter services in Southeast Asia will boost the demand for new products in the market.

The global recreational boat market is driven by growth in travel and tourism across the European, Russia, APAC, and Latin American region. The rapid economic growth, increasing HNWI population, and the growing popularity of Southeast Asian tourist beach and marine destinations will boost revenues in the global recreational boating market. The market research report provides in-depth market analysis and segmental analysis of the global recreational boat market by power, product, and geography.

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The major vendors in the global recreational boat market are:
• Brunswick Corporation
• Groupe Beneteau
• Azimut-Benetti Group
• Sunseeker International
• Ferretti

The report considers the present scenario of the global recreational boat market and its market dynamics for the period 2018-2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the global recreational boat market.

This market research report includes a detailed segmentation of the market by power, product, and geography. Inflatable boat segment dominated less than 1/3rd of the market share in 2017, growing at a CAGR of more than 4% during the forecast period. The increasing participation in various water-based leisure activities is contributing to the growing demand for these products in the global market. The affordable prices and ease of use of inflatable boats create lucrative opportunities for the leading vendors in the global market.

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The man-powered segment occupied the second largest market share in 2017, growing at a CAGR of around 4% during the forecast period. The extensive use of man-powered boats for leisure, sports, and competition purposes is fueling the growth of this segment in the global market. Canoes, kayaks, gondolas, and punt boats are some of the most widely available man-powered vessels in the global recreational boat market. These boats use energy generated from the hands or feet,i.e., with oars, paddles, or poles, or through the feet with pedals and a crank or treadles.

Other prominent vendors in the global recreational boat market include Princess Yachts, Marine Products Corporation, MCBC Holdings Inc, Malibu Boats Inc., HanseYachts, BAVARIA Yachtbau, Bertram Yachts, Boston Whaler Boats, Chaparral Boats, Grady-White Boats, Lund Boat Company, Sea Ray, White River Marine Group, Yamaha Motor Corporation, Viking Yacht, Grand Banks Yachts, Porter, Maverick Boat Group Inc., Correct Craft, Baja Marine, Pacific Asian Enterprises, Albemarle Boats, Marlow Hunter, Catalina Yachts, Hobie Cat Corporation, Zodiac Marine & Pool SAS, Bombardier Recreational Products Incorporated, Fountain Powerboat Industries Incorporated, Godfrey Marine, Thunder Jet, Explorer Industries, Custom Weld, Duckworth Boats, and High Caliber.

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Key market insights include:
1. The analysis of the global recreational boat market provides market size and growth rate for the forecast period 2018-2023.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the global recreational boat market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of the global recreational boat market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

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