Press release
Ferretti, Hunter, Profiled in Recreational Boating Market 2024 Top Key Players - Malibu Boats, Catalina Yachts, Azimut-Benetti, Brunswick, Sunseeker, MacGregor, American Sail Inc
Remarkable increase in global urban population and acceleration in personal consumption expenditure has resulted in huge spending in niche tourism such as leisure, recreational and sports boating. Upsurge in activities including boat racing, sailing, and campaigning activities are continuously encouraging product demand. Manufacturing companies are focusing on improving recreational boat production further improving the business growth over the forecast time frame.
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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.
North America recreational boating market will witness high growth owing to developed water sports industry and increasing number of sailing, leisure, and sports activities. Prominent marine industry particularly in the U.S. and Canada coupled with active participation in the region will positively stimulate industry over the forecast time frame.
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.
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Europe recreational boating market is likely to register significant growth. over the study timeframe. Manufacturers are focusing on rising boat production particularly in the country including Italy will significantly contribute business growth. Companies in the region are focusing on increasing international trade by exporting products in developing countries to improve product visibility and achieve superior profit margins. Availability of skilled labor force to deliver better quality boats are the key factors propelling recreational boating industry share during forecast time frame.
Few noticeable participants of recreational boating market include Azimut-Benetti, Hunter, Malibu Boats, Ferretti, Brunswick, Sunseeker, MacGregor, American Sail Inc. Other key companies are Catalina Yachts, Bavaria Yachtbau, Hobie Cat Corporation and Princess Cruise are significantly contributing the market share. These companies are focusing on installing and improving navigational and surveillance technologies in these products to achieve secure & safe individual marine experience during the forecast period.
Table of Content:
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope, definition and forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Recreational boating industry 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Power trends
2.1.4. Regional trends
Chapter 3. Recreational Boating Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material supplier
3.3.2. Manufacturers
3.3.3. Distribution channel analysis
3.3.3.1. OEM
3.3.3.2. Aftermarket
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. Regional pricing
3.6.1.1. North America
3.6.1.2. EU
3.6.1.3. APAC
3.6.1.4. LATAM
3.6.1.5. MEA
3.6.2. Cost structure analysis
3.7. Regulatory landscape
3.7.1. U.S.
3.7.2. EU
3.7.3. China
3.8. Industry impact forces
3.8.1. Growth drivers, by region
3.8.1.1. NA
3.8.1.2. EU
3.8.1.3. APAC
3.8.1.4. LATAM
3.8.1.5. MEA
3.8.2. Industry pitfalls & challenges
3.9. Innovation and sustainability
3.9.1. IT tools such as online booking, smart phone applications and Wi-Fi solutions
3.10. Growth potential analysis
3.11. Porter's analysis
3.12. Competitive landscape, 2016
3.12.1. Company market share analysis, 2016
3.12.2. Strategy dashboard
3.13. PESTEL analysis
Chapter 4. Recreational Boating Market, By Product
4.1. Global recreational boating market share by product, 2016 & 2024
4.2. Inboard
4.2.1. Global market estimates and forecasts, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 - 2024
4.3. Outboard
4.3.1. Global market estimates and forecasts, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 - 2024
4.4. Inflatables
4.4.1. Global market estimates and forecasts, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 - 2024
4.5. Sail boats
4.5.1. Global market estimates and forecasts, 2013 - 2024
4.5.2. Market estimates and forecast, by region, 2013 - 2024
Chapter 5. Recreational Boating Market, By Power
5.1. Global recreational boating market share by power, 2016 & 2024
For more information on this report at: https://www.marketstudyreport.com/reports/recreational-boating-market/?utm_source=Openpr.com-SP
Related Report:
U.S. Recreational Boating Market Size By Product, By Power Industry Analysis Report, Country Outlook Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024
Rising customer spending for leisure activities and nautical tourism are driving the U.S. recreational boating market share. The escalating participation in water sports activities across the country including canoeing, kayaking, fishing, etc. is strengthening the business size over the projected time frame.
https://www.marketstudyreport.com/reports/u-s-recreational-boating-market?utm_source=RR-SP
Read more at: https://www.marketwatch.com/press-release/crude-oil-pipeline-transportation-market-size-share-trend-key-manufacturers-growth-revenue-and-forecast-to-2023-2019-03-01
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