Recreational Boating Market 2021 Analysis by Top Manufacturers | Groupe Beneteau, Azimut Benetti Group, Marine Product Corporation, Bennington Marine LLC, Sunseeker International Limited, Ranger Boats

The Global Recreational Boating Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

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).

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Key Players:

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 and others.

Key Market Trends

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.

Another country where the recreational boating industry is a major contributor to the economy is Canada. Canadian pastime brings more than 12 million people together on the water every year, thereby generating more than USD 10 billion in revenues and has a GDP impact of USD 5.6 billion.

There is already an uptrend in the domestic boating industry, where people are opting to do watersports in their own country rather than going foreign, this on-going trend is boosting the watersport industry domestically. For instance, in recent years UK has witnessed a higher proportion of UK adults participating in water skiing and using personal watercraft in the UK than abroad (+18.3% and +27/9% in the UK vs. -19.2% and -20.8% abroad respectively).

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Recreational Boating market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Personal Protective Equipment market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Recreational Boating market.

Market Segments: This part of the report discusses product type and application segments of the global Recreational Boating market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Recreational Boating used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

Reasons to Purchase this report:

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Finally, the Recreational Boating Market report is the believable source for gaining Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and Market development rate and figure, and so on. This report additionally Present a new task SWOT examination, speculation attainability investigation, and venture return investigation.

Note: 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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