Recreational Boating Global Market Industry Trends, Share, Size, Growth, By Manufacturers, Technology, Application, Product Type, Regions, Opportunity And Forecast 2022-2031

The global recreational boating market report by the business research company identifies the growing tourism industry will propel the growth of the recreational boating market. The tourism sector, sometimes known as the travel industry, is associated with individuals traveling to other regions, either locally or globally, for leisure, social, or business reasons. It is inextricably linked to the hotel, hospitality, and transportation industries, and much of it revolves around keeping visitors happy, amused, and well-equipped during their time away from home. In 2021, according to the report published by Invest India, the travel and tourism industry is predicted to rise to US $512 billion by 2028. In India, the industry's direct contribution to GDP is predicted to expand at a 10.35% annual pace between 2019 and 2028. According to the report published by the World Tourism Organization (UNWTO) in 2020, globally, 1.5 billion international tourist arrivals were recorded in 2019. 4% growth over the previous year is expected for 2020, establishing tourism as a prominent and resilient economic industry. Therefore, the growing tourism industry drives the recreational boating market.

The global recreational boating market size is expected to grow from $26.21 billion in 2021 to $28.38 billion in 2022 at a compound annual growth rate (CAGR) of 8.29%. The global recreational boating market size is expected to reach $38.03 billion in 2026 at a compound annual growth rate (CAGR) of 7.59%.

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North America was the largest region in the global recreational boating market in 2021. The regions covered in the global recreational boating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the recreational boating market are Azimut Benetti Group, Brunswick Corporation, Groupe Beneteau, Sunseeker International Limited, Hobie Cat Company Inc., White River Marine Group, Yamaha Motor Co. Ltd., American Sail Inc, Marine Products Corporation, Mastercraft Boat Holdings Inc, Polaris Inc, Ferretti, Princess, MacGregor, Hunter, Maverick Boat Group Inc. (Malibu Boats), Baja Bound Insurance Services Inc, Catalina Yachts, Grady-White Boats Inc, Chaparral Boats Inc. (Marine Products Corporation), Edenton Boatworks LLC, Baja Marine, Bayliner, Mahindra & Mahindra Ltd, Carnival Corporation & plc, Royal Caribbean Cruises Ltd., and Norwegian Cruise Line Holdings Ltd.

The global recreational boating market is segmented -
1) By Boat Type: Yachts, Sailboats, Personal Watercrafts, Inflatables, Others
2) By Engine Placement: Outboards, Inboards, Others
3) By Material Type: Aluminum, Fiberglass, Steel, Others
4) By Boat Size: Up to 20 Ft., 21 Ft. to 35 Ft., 36 Ft. to 50 Ft.
5) By Activity Type: Cruising, Water Sports, Fishing

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The Recreational Boating Market Report Contents Include
1. Executive Summary
2. Recreational Boating Market Characteristics
3. Recreational Boating Market Trends And Strategies
4. Impact Of COVID-19 On Recreational Boating
5. Recreational Boating Market Size And Growth
.....
26. Africa Recreational Boating Market
27. Recreational Boating Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Recreational Boating Market
29. Recreational Boating Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the recreational boating market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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