Press release
Recreational Fiberglass Boat Market estimated to grow at impressive CAGR in the forecast period (2019-2024)
Summary:The report on the Recreational Fiberglass Boat Market has been launched in April,2019 by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2019-2024. The report also offers insights into different market segments and other factors affecting the market.
Click here for Report Description:
https://www.stratviewresearch.com/480/recreational-fiberglass-boat-market.html
Or
Request for a free sample here:
https://www.stratviewresearch.com/Request-Sample/480/recreational-fiberglass-boat-market.html
Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Recreational Fiberglass Boat Market is expected to inflate at impressive CAGR by the forecast period (2019 – 2024).
As per the report, the market is segmented by:
• By Boat Type: Outboard Boat, Inboard/Sterndrive Boat, PWC, Others
• By Application Type: Fishing, Water Sports, Sailing, Others
• By Power Type: Engine-Powered Boats, Sail-Propelled Boats
• By Region: North America, Europe, Asia-Pacific, Rest of the World
The Table of Contents can be gone through here:
https://www.stratviewresearch.com/toc/480/recreational-fiberglass-boat-market.html
Highlights of the Report:
Boating is one of the most dynamic industries in the world and is highly exposed to external economic factors, such as disposable income. Recreational boats are the most popular ones among all types of boats, whose hull is preferably manufactured using two distinct materials: fiberglass and aluminum. Fiberglass boats currently dominate the overall recreational boat market and are even subjected to grow at a higher rate in the foreseen future, driven by the advantages of fiberglass boats over aluminum boats including corrosion resistance, lightweight, and long life.
The USA and Canada have been the pioneer markets for recreational boats for many decades. In 2018, roughly 49 million people were fishing participants in the USA, accounting for approximately 16.5% of the total population of the country. Fishing is the most popular boating activity and 2nd most popular outdoor activity in the USA.
The last five years were quite promising with almost recovery of recreational boat sales after the steep decline in 2009 due to economic turmoil; however, the sales of recreational boats in the USA yet not reached its peak sales (279,800 boats in 2008 in the USA) but it is anticipated that the year 2019 would be iconic for the industry as the sales of recreational boats in the USA is likely to cross its peak sales of 2008.
The next five years for the recreational fiberglass boats seem vigorous with attractive growth opportunities across the world. It is anticipated that the global recreational fiberglass boat market is projected to depict a healthy growth over the next five years to reach an estimated value of US$ 9,538.5 million in 2024. Continuous increase in new powerboat sales, an increasing number of fishing participants, an increasing number of outboard motorboat sales, increasing HNWI population, and affordability of recreational fiberglass boats are major growth drivers of the recreational fiberglass boat market.
Another factor drawing a consequential interest in the market is an increasing number of merger & acquisition activities in the past couple of years, leading to a greater market concentration. Major boat manufacturers own a large number of brands and have keenly been acquiring other brands in order to gain a larger chunk of the market. For instance, Malibu acquired Cobalt and Pursuit Boats in 2017 and 2018, respectively. Similarly, in 2017, acquisition of Nauticstar, LLC by Mastercraft.
The global recreational fiberglass boat market is segmented based on boat type as outboard boats, inboard/sterndrive boats, PWC, and others. In terms of units, the outboard boat segment is likely to remain the most dominant segment over the next five years, whereas, in terms of value, the inboard/sterndrive boat segment is likely to remain the dominant segment in the market over the same period. PWC is likely to be the fastest-growing segment during the forecast period, driven by the USA and Canada.
Based on the application type, the recreational fiberglass boat market is segmented as fishing, watersports, sailing, and others. The fishing boat segment is likely is expected to remain the largest segment of the global recreational fiberglass boat market. Outboard boats are preferably used for fishing use. The watersports segment is likely to be the fastest-growing application type in the market over the next five years, much of this growth is attributed by the excellent PWC’s growth.
Based on the power type, the recreational fiberglass boat market is segmented as engine-powered boats and sail-propelled boats. The engine-powered boat is expected to remain the larger as well as the faster-growing segment of the global recreational fiberglass boat market over the next five years. All the major boat types, such as outboard, inboard/sterndrive, and PWC, are powered by the engine only. Sail-propelled boat type is also likely to witness healthy growth in years to come.
Based on the regions, North America is expected to remain the largest recreational fiberglass boat market during the forecast period with the USA being the growth engine. The USA is not only the largest market in North America but also the largest market in the world. All the major boat manufacturers have their presence in the region to tap the market potential. High outboard activity, especially fishing, is the major driver for the demand for recreational fiberglass boats in the country. Canada is a relatively small market but is likely to witness healthy growth in years to come.
Europe also holds a considerable share in the market with France, Germany, Spain, and Sweden being the key demand generators in the region. It is estimated that these above-mentioned economies will continue to drive the region’s demand for recreational fiberglass boats in the coming five years.
Asia-Pacific currently holds a diminutive share of the global recreational fiberglass boat market but is subjected to grow at the highest rate in the coming five years, propelled by China, Japan, and New Zealand. Out of these economies, China is likely to witness the highest growth over the next five years.
Key Players of the Market
The market is consolidated in nature with five major players BRP Inc., Brunswick Corporation, Correct Craft Inc., Ferretti Group, Groupe Beneteau holding together the major share in the market, with BRP Inc. being the key player.
Other important firms are Malibu Boats Inc., Marine Products Corporation, Monterey Boats, Regal Marine Industries Inc., White River Marine Group, Yamaha Motor Company Ltd.
Features of the Report
The Report discusses about the working of the Recreational Fiberglass Boat, the various types, and the growth of the Recreational Fiberglass Boat in the global market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth
For inquiries, Contact:
Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America
Know more about us and our reports:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The team makes sure to have a deep research about the topics so that the most useful insights can be delivered to the professionals.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Recreational Fiberglass Boat Market estimated to grow at impressive CAGR in the forecast period (2019-2024) here
News-ID: 1813465 • Views: …
More Releases from Stratview Research

Semiconductor Vacuum Valve Market Set to Reach US$ 1.0 Billion by 2031, Reports …
Stratview Research, a leading global market research firm, forecasts that the global Semiconductor Vacuum Valve market will grow at an annual rate of 6.7%, reaching US$ 1.0 billion by 2031. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3932/semiconductor-vacuum-valve-market.html#form
Key Report Highlights:
• Market Size by 2031: US$ 1.0 billion
• Growth Rate…

Small Satellites Market Set to Reach US$ 7.7 Billion by 2030, Reports Stratview …
Stratview Research, a leading global market research firm, forecasts that the global Small Satellites market will grow at an annual rate of 2.2%, reaching US$ 7.7 billion by 2030. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1920/small-satellites-market.html#form
Key Report Highlights:
• Market Size by 2030: US$ 7.7 billion
• Growth Rate (CAGR):…

Hard Body Armor Market Set to Reach US$ 2,271.2 Million by 2031, Reports Stratvi …
Stratview Research, a leading global market research firm, forecasts that the global Hard Body Armor market will grow at an annual rate of 3.2%, reaching US$ 2,271.2 million on by 2031. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3253/hard-body-armor-market.html#form
Key Report Highlights:
• Market Size by 2031: US$ 2,271.2 million
• Growth…

3D Printing Powder Market Set to Reach US$ 5.8 Billion by 2028, Reports Stratvie …
Stratview Research, a leading global market research firm, forecasts that the global 3D Printing Powder market will grow at an annual rate of 27.1%, reaching US$ 5.8 billion by 2028. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/853/3d-printing-powder-market.html#form
Key Report Highlights:
• Market Size by 2028: US$ 5.8 billion
• Growth Rate…
More Releases for Boat
Unmatched Boat Rentals by Boat Life Tampa Charters for Tampa's 4th of July Boat …
Boat Life Tampa Charters announces exclusive offerings for the Tampa 4th of July boat parade, offering rental boats and certified captains for a stress-free and safe celebration. Participants can enjoy the parade and Tampa Bay's stunning views while leaving navigation and logistics to the experts. With a focus on safety and fun, the company ensures an unforgettable Independence Day experience on the water.
Tampa, FL - June 27, 2025 - Boat…
Emerging Trends Influencing The Growth Of The Boat Trailer Market: Innovative Bo …
The Boat Trailer Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Boat Trailer Market Size Expected to Be by 2034?
The boat trailer market has seen strong growth in recent years. It will increase from $0.92 billion in 2024 to $0.98 billion…
Discover Melbourne's Premier Boat Hire Experience with Boat 4 Hire Melbourne
Boat4Hire offers a comprehensive range of boat hire options Suited to suit any occasion. From self-drive boats requiring no license to luxury yacht charters for special events, the company ensures every customer enjoys a safe and memorable experience on Melbourne's waterways. With competitive pricing, flexible rental durations, and exceptional service, Boat4Hire is redefining leisure activities in Victoria.
Melbourne, VIC - April 8, 2025 - Boat 4 Hire Melbourne Self-Drive Boats &…
Buy boat, Built boat - Argonaut Boats: New US Manufacturer
Argonaut Boats Company is delighted to present you new US Boats. Established in 2022, Company's goal is to bring clients the latest and most advanced outboard engine boats at a competitive price.
Argonaut team understands the growing demand for quality boats that cater to individual needs, whether for recreational or commercial purposes. Argonaut Boats take pride in its commitment to quality, customer satisfaction, and professionalism. Team of experts have established strong…
Boat Lettering Outlet: Custom Boat Lettering
Image: https://www.getnews.info/wp-content/uploads/2024/05/1714745351.jpeg
Boat Lettering Outlet has been serving boaters for over 40 years as a family business, whether custom boat lettering, boat graphics or boat registration numbers. They are always willing to help with any questions clients may have about boat lettering and boat lettering graphics needs. Boat Lettering Outlet can install signs for clients in West Michigan and South Florida during the season. They only use the best products made…
WOMAN BOAT CAPTAIN ROCKS LOCAL CHARTER TOUR BOAT SCENE
Hop Aboard Captain Jen Terfehr's dynamic venture:
Cruise Cocoa, your ultimate destination for thrilling boat tours along Florida's mesmerizing Space Coast! Embark on exhilarating adventures with
Captain Jen as she takes you on unforgettable journeys teeming with dolphins, manatees, birds, stunning sunsets, and mesmerizing bioluminescence displays.
At Cruise Cocoa, we pride ourselves on delivering top-notch experiences tailored to both locals and tourists alike. Our tours depart from two convenient locations: Merritt…