Recreational Boating Market Research 2020 by Industry Growth, Business Opportunities, Top Manufacture, Industry Share Report, Status, Regional Outlook and Global Forecast to 2026

The recreational boating market (henceforth referred to as the market studied) is anticipated to register a CAGR of about 4.20% during the forecast period (2019-2024).

- The recreational boating industry continues to attract large volumes of participants competing strongly with rival luxury leisure pursuits. It is estimated that there are at least 140 million active boaters and watersports participants worldwide, including almost 100 million across the United States and Canada, a further 36 million across Europe and more than 5 million in Australia.
- The growth in the watersports tourism industry is majorly driving the recreational boating market. Rising attraction towards recreation activities and watersports from Millenial and Post Millenial generations are further boosting the demand for the market studied. However, dynamics in the cost range of diversified boats might serve as a challenge.
- At present, the recreational boating industry represents a small percentage of the overall global leisure industry; however, the share of recreational boats is anticipated to grow over the forecast period.

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Recreational Boating Market Segmentation:

Top leading Manufactures Profiled in Recreational Boating Market Report are:

Groupe Beneteau, Azimut Benetti Group, Marine Product Corporation, Bennington Marine LLC, Sunseeker International Limited, Ranger Boats, Catalina Yachts, Brunswick Corporation, Hobie CAT Company, Bavaria Yachtbau, Mahindra Odyssea, Tracker Boats, Godfrey Pontoon Group, Mahindra Odyssea, Ferretti Group

The report highlights major developments and changing trends adopted by key companies over a period of time. For a stronger and more stable business outlook, the report on the global market carries key projections that can be practically studied.

Recreational Boating Market analysis report has recently added by Research which helps to make informed business decisions. This research report further identifies the market segmentation along with their sub-types. The Recreational Boating Market is expected to reach at a huge CAGR during the forecast period. Various factors are responsible for the market’s growth, which are studied in detail in this research report.

Recreational Boating Market Scenario:

Growing Demand for Watersports And Recreational Activities Across the Globe

The growing interest of people in outdoor recreational activities and increased participation rates across all age groups for the same are some of the major factors driving the recreational boating industry.

Watersports are becoming popular not only for the excitement or adrenaline-rush of getting fit, but also because of several health benefits. As a result, increasing health benefits associated with water sports is supporting market growth worldwide.

According to the Royal Yachting Association, 3.5 million people (6.7% of UK adults) participated in one or more of 12 core boating activities in 2016, the highest volume recorded since 2009 (3.534 million). Moreover, 668,828 (1.3% of UK adults) took part in growing watersports activities, a rise of approximately 95,000 more participants.

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Competitive Landscape:

The recreational boating market is fragmented and dominated by industry players such as American Sail Inc., Ferretti, Sunseeker, Beneteau, Brunswick, MacGregor, Azimut-Benetti, Hunter, Hobie Cat Corporation, Princess Cruise, Bavaria Yachtbau and Catalina Yachts. The boat manufacturers are expanding their business through strategic acquisitions and partnerships for increasing their revenue generation opportunities. For instance,

- In May 2019, Brunswick Corporation announced that as part of the companys strategy to expand its presence and scale within the emerging and fast-growing boat club segment, it has entered into a definitive agreement to acquire Freedom Boat Club (FBC).
- In June 2018, Winnebago Industries, Inc. acquired Chris-Craft to expand their product range with new recreational boats and dealership network..

The key insights of the Recreational Boating Market report:

─The report provides key statistics on the market status of the Recreational Boating market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

─The report provides a basic overview of the industry including its definition, applications and manufacturing technology.

─The Recreational Boating market report presents the company profile, product specifications, capacity, production value, and 2014-2020 market shares for key vendors.

─The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.

─The report estimates 2020-2025 market development trends of Recreational Boating Market.

─Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out

─The report makes some important proposals for a new project of Recreational Boating Industry before evaluating its feasibility.

The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the report an invaluable resource for company executives, marketing executive, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

In conclusion, Recreational Boating market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function a profitable guide for all the Recreational Boating Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research report from every individual sector which will be helpful to understand the industry data in the most precise way.

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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