Recreational Boating Market 2023: Size, Growth, Drivers, Challenges, Opportunities, Shares And Forecast Analysis By 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Recreational Boating Market Size, Growth Rate, And Forecast
The global recreational boating market size grew from $28.71 billion in 2022 to $31.04 billion in 2023, at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The recreational boating market is expected to grow to $44.04 billion in 2027 at a CAGR of 9.1%.

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Recreational Boating Market Drivers
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 travelling 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.

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Recreational Boating Market Segments
1) By Boat Type: Yachts, Sailboats, Personal Watercrafts, Inflatables, Other Boats

2) By Engine Placement: Outboards, Inboards, Other Engine Placements

3) By Material Type: Aluminum, Fiberglass, Steel, Other Materials

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

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Recreational Boating Market.

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Recreational Boating Market Key Players
Major competitors in the Recreational Boating Market include 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 Business Research Company's "Global Recreational Boating Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Recreational Boating Market Include:
1. Executive Summary
2. Recreational Boating Market Characteristics
3. Recreational Boating Market Trends And Strategies
4. Recreational Boating Market - Macro Economic Scenario
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

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