Recreational Boats Market Size | COVID-19 Impact Analysis | Forecast to 2025

Recreational boat market is growing at a CAGR of 3% during the forecast period. A recreational boat is a type of watercraft which are specifically designed for near-shore area or inland waterways such as rivers and lakes. A boat can be used for many purposes including fishing, ski/wake surfing, sailing, education & training and so other. The major factor driving the growth of the recreational boat market is the rising disposable income globally. The rise in a number of boats shows and tournaments along with technological developments rising the market growth considerably. However, the high cost of the boat is still a major restraint to the market of the recreational boat in some region. Development of new water routes and new picnic spots is a major opportunity for the market.

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The recreational boat market is segmented on the basis of type and power mode. By type, the market is further divided into a cruising boat, fishing boat and water sports boats. Cruising boats are used by the people for relaxing and entertaining on the water. It generally has rooms and some models offer facilities for overnight. Cruising boats include pontoon boat, sailboat, trawler boats, and cabin cruiser boats. Fishing boats have open cockpits which provide more deck space due to which it is easier for fishing. Small boats don’t have much room for seating however, larger boats may have a cabin for overnight trips. Fishing boats include bass boats, center console boats, aluminum fishing boats, walkaround boats. Water Sports boat is specifically designed for fast speed and offer a thrilling ride. It generally has towing capabilities. Water Sports boats include fish & ski boats, wakeboard boats, jet boats, and personal watercraft. Cruising boats are expected to have a major market share during the forecast period. Pontoon boats are among the most popular boats globally.

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Recreational Boats Market Segmentation

By Type

• Cruising Boats
• Fishing Boats
• Water Sports Boats
• Global Recreational Boat Market by Power Mode
• Engine Powered
• Sail Powered
• Human Powered

Regional Analysis

• North America
• US
• Canada
• Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
• Rest of the World

Company Profiles

• Azimut Benetti Group
• Bavaria Yachtbau GmbH
• Bénéteau S.A.
• Bennington Marine, LLC
• Brunswick Corp.
• Catalina Yachts
• Ferretti S.P.A.
• Grady-White Boats, Inc.
• Hobie CAT Company, Inc.
• Kawasaki Motors Corp.
• Lund Boat Company, Inc.
• Mahindra Marine Pvt. Ltd.
• Marine Products Corp.
• MarineMax, Inc.
• MasterCraft Boat Holdings, Inc.
• Polaris Industries Inc.
• Sunseeker International, Ltd. (Dalian Wanda Group Co Ltd.)
• Viking Yacht Company
• White River Marine Group (Ranger Boats)
• Yamaha Motor Co., Ltd.

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