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Recreational Boating Market |Princess Cruises, Bavaria Yachtbau GmbH, Azimut|Benetti Group, Ferretti Group, Groupe Beneteau, Brunswick Boat Group

Recreational Boating Market |Princess Cruises, Bavaria

The U.S. recreational boating market has witnessed renewed vigor with 12 million boats being registered and documented in 2017 across the country. The NMMA listed Florida as the state leading the number of registrations in 2017 followed by Minnesota, Michigan, California and Wisconsin with significant growth in the registration of recreational boats in the states of Oregon, Ohio and California. Unsurprisingly the Great Lakes region also accounted for a major portion of the registrations with most boats per capita.

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US recreational boating market is expected to tread along a lucrative roadmap in the years ahead, given the rising prevalence of water-based recreational activities such as camping, sailing, fishing, cruising, and boating. Reliable statistics indicate that more than 87 million US adults participate in the recreational boating activities every year, and there were more than 11.87 million recreational boating vessels registered in the United States in 2015. Analysts claim that the changing consumer lifestyles and rising disposable incomes of the middle-class population have been inherently impacting the U.S recreational boating industry share, which was pegged at USD 20.5 billion in 2017.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Brunswick
2. Beneteau Group
3. Ferretti
4. Azimut-Benetti
5. Sunseeker
6. Bavaria Yachtbau
7. Princess
8. American Sail Inc
9. Catalina Yachts
10. MacGregor
11. Hobie Cat Corporation
12. Hunter
13. Mahindra & Mahindra Ltd.

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The agreement is also poised to benefit the country with substantial rise in visitors and tourists interested in water & sport activities, in turn fueling the US recreational boating market. The operations in Georgia are also expected to witness advancements in electric seats, large frameless windows, and walnut interiors that will allow passengers to focus more on the recreational activities.

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