Recreational Boating Market Share, Size, Growth, Demand and Forecast Till 2022-2027: IMARC Group

According to the latest report by IMARC Group, titled "Recreational Boating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.' the global recreational boating market reached a value of US$ 21.3 Billion in 2021.Looking forward, IMARC Group expects the market to reach US$ 28.8 Billion by 2027, exhibiting at a CAGR of 5.57% during 2022-2027.

Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027

Recreational boating represents leisure activities wherein sailboats, powerboats, man-powered vessels, pontoon boats, etc., are used to travel on water or perform sports activities. They include sailing, cruising, fishing, boat racing, campaigning, kayaking, waterskiing, etc. Recreational boating activities offer fun and pleasure and aid in stress reduction, exercising, improving life satisfaction, and enhancing physical health, self-reliance, self-esteem, etc. Consequently, they are extensively preferred by consumers across countries.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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The growing watersports tourism industry across the globe and the increasing attraction towards outdoor recreational activities, especially among millennial and post-millennial populations, are among the key factors driving the recreational boating market. In addition to this, the development of electric personnel boats by leading market players for clean and silent recreational activities is acting as another significant growth-inducing factor. Besides this, the escalating awareness about the multiple health benefits associated with water sports and the introduction of land-based private islands that allow cruise lines to offer customers exclusive beach time are also positively influencing the global market. Moreover, the elevating integration of four-stroke engines designed with direct injection technology in boats that facilitate improved fuel efficiency, lower emission levels, higher torque power, and a safe and pleasant experience for individuals is further catalyzing the market growth. Apart from this, the emerging trend of sport fishing and motorized watersports, such as jet-skiing, sailing, and yachting activities, and the launch of numerous favorable policies and initiatives by governing bodies aimed at promoting water sports are anticipated to propel the recreational boating market over the forecasted period. 

Recreational Boating Market 2022-2027 Competitive Analysis and Segmentation:

Based On Product Type:

Inboard Boats
Outboard Boats 
Inflatable
Sail Boats
Personal Watercrafts 

Based On Activity Type:

Watersports and Cruising
Fishing

Based On Material Type:

Aluminum
Fiberglass
Wood
Others

Based On Size:

Less Than 30 Ft
30 to 59 Ft
60 to 79 Ft
80 to 99 Ft
More Than 100 Ft
Full Custom 

Based On Power Source:

Engine Powered
Human Powered
Sail Propelled

Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

Some of these key players include:

Baja Bound Insurance Services Inc.
Brunswick Corporation
Catalina Yachts
Chaparral Boats Inc
Marine Products Corporation
Edenton Boatworks LLC
Grady-White Boats Inc.
Hobie CAT Company
MasterCraft Boat Holdings Inc.
Maverick Boat Group Inc.
Malibu Boats
Polaris Inc.
White River Marine Group (Bass Pro Shops)
Yamaha Motor Company Limited.

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/recreational-boating-market

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
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Phone: +1-631-791-1145
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City: Sheridan
State: WY
Country: United States
Website: https://www.imarcgroup.com/

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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