Recreational Boat Market Report: Analyzing Growth and Market Size Forecast having a CAGR of 6.4% from 2022-2029

The global Recreational Boat Market will witness a CAGR of 6.4% for the forecast period of 2022-2029. It is expected to reach above USD 27.26 Billion by 2029 from USD 15.60 Billion in 2020.

Exactitude Consultancy research's "Recreational Boat Market Forecast" study report focuses at sales and the overall global market for Recreational Boat in 2022. The sales forecast for Recreational Boat by region and market sector for the years 2023 through 2029 is then thoroughly analyzed. This study provides a comprehensive analysis of the global Recreational Boat market, with sales of Recreational Boat broken down by region, market sector, and sub-sector, in US$ million.

Based on market dynamics and development-promoting variables, the Recreational Boat Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.

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Top Recreational Boat Market Trends

With technology improvements, the market for electric boats has grown significantly in recent years. The market's growth is being driven by an increase in people's interest in outdoor recreational activities, as well as an increase in participation across all age groups. Electric boats and hybrid electric boats are becoming increasingly popular, particularly when the electric motor also serves as a mechanically spun generator. The reduction in pollutants and noise is increasing demand for electric boat propulsion.

Market Expansion

The tourism business, which is rapidly expanding, is a major growth element for the recreational boat market. The country's demographic progress and economic improvement are the primary drivers of market expansion.

competitive analysis

The research identifies the key establishes that will drive growth since demand is determined by a buyer's financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global Recreational Boat market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.

Major companies in Recreational Boat Market are:

Brunswick corporation, Groupe Beneteau, Malibu Boats, Polaris Inc., MasterCraft Boat Company, Azimut Benetti Group, White River Marine Group, Yamaha Motor Co., Ltd., Sunseeker International Limited, Hobie Cat Company, Marine Products Corporation, Grand Banks Yachts Ltd., Royal Caribbean Cruises Ltd., Norwegian Cruise Line Holdings Ltd., Pacific Asian Enterprises

Recent Developments:

In January 2023, Brunswick Corporation has announced the launching of an all-electric marine outboard in 2023.

In April 2023, Ferretti Group launched Custom Line 106' hull 14. The Custom Line 106 Ft, a Ferretti Group Engineering Department design, is the entry-level model for the brand's planning line.

In August 2022, Yamaha unveiled a brand-new 22 Ft platform which replaces the versatile 21 Ft center console line. There are three new 22-foot FSH models in total, and they all feature the top center console technology.

In July 2022, Azimut Benetti Group, an Italian shipyard, expanded its model lineup by introducing the 37-meter Benetti B.Yond.

Recreational Boat Market Segmentation:

Global Recreational Boat Market Global Market by Type, 2020-2029, (USD Million) (Thousand Units)

Yachts

Sailboats

Personal Watercrafts

Inflatables

Others

Global Recreational Boat Market Global Market by Size, 2020-2029, (USD Million), (Thousand Units)

50 Feet

Global Recreational Boats Market By Engine Placemen, 2020-2029, (USD Million) (Thousand Units)

Outboards

Inboards

Others

Global Recreational Boats Market by Engine Type, 2020-2029, (USD Million) (Thousand Units)

Ice

Electric

Global Recreational Boats Market By Power Range, 2020-2029, (USD Million) (Thousand Units)

Up To 100 Kw

100-200 Kw

Above 200 Kw

Global Recreational Boats Market by Material Type, 2020-2029, (USD Million) (Thousand Units)

Up To 100 Kw

100-200 Kw

Above 200 Kw

Global Recreational Boats Market by Activity Type, 2020-2029, (USD Million) (Thousand Units)

Cruising Watersports

Fishing

Global Recreational Boats Market By Power Source, 2020-2029, (USD Million) (Thousand Units)

Engine Powered

Sail Powered

Human Powered

Global Recreational Boats Market by Distributional Channel, 2020-2029, (USD Million) (Thousand Units)

Dealer Network

Boat Shows

Online Sales

Global Recreational Boat Market Global Market by Region, 2020-2029, (USD Million), (Thousand Units)

North America

Europe

Asia Pacific

South America

Middle East And Africa

Important Countries In All Regions Are Covered.

Our market analysts are professionals at carefully categorizing the global Recreational Boat market into various categories and assessing each segment's growth potential in detail. The research study begins with a comparison of the segments' consumption and growth rates throughout a nine-year assessment period. The report's segmentation study, which considers the market potential of the various categories examined, provides an excellent understanding of the global Recreational Boat market. Businesses can better understand their target market by segmenting it, which enables them to create marketing plans and products that are tailored to particular categories. Here are two typical methods for market segmentation: by kind and by application.

This report also splits the market by region:

The United States, Canada, and Mexico make up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe. Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.

The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.

Strategic Points Covered in Table of Content of Global Recreational Boat Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Recreational Boat market
Chapter 2: Exclusive Summary - the basic information of the Recreational Boat Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Recreational Boat
Chapter 4: Presenting the Recreational Boat Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Recreational Boat market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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