Recreational Boats Market Growth, Trend, Statistics, Competition Strategies, Region And Analysis 2032

Recreational Boats Market Overview

Report highlights Recreational Boats Market Information By Type, Boat Size, Engine Placement, Engine Type, Power Range, Material Type, Activity Type, Power Source, and Region - Forecast till 2032"; The recreational boats market will surge from USD 19.3 billion in 2023 to USD 32.7 billion by 2032, with a 6.80% CAGR from 2023 to 2032.

The emergence of new water bodies as tourist hotspots, strong government support, and a concurrent rise in overall tourism are key factors boosting the market for recreational boats. The market size is also increased by the expansion in disposable money, notably in Asian economies where the majority of the young population lives.

Regional Insights

Since 2022 (45.80%), the market for recreational boats in North America has been in the lead. Boating enthusiasts flock to well-known tourist destinations in North America like Florida, California, and the Great Lakes. Other market drivers include boating infrastructure and rental services. Although the U.S. recreational boat market will maintain its dominance in the area, the Canadian market will grow at the quickest rate over the coming years.

Get a copy of the research sample@
https://www.marketresearchfuture.com/sample_request/11961

Market Competitive Landscape:

Azimut Benetti Group
Bass Pro Group
Bombardier Recreational Products
Brunswick Corporation
Bryton Marine Group
Groupe Beneteau
Hobie Cat Company
Marine Products Corporation
Polaris Inc
Sunseeker International
White River Marine Group
Yamaha Motor Co. Ltd.
Market Drivers:

Jet skiing, boat racing, rowing, rafting, kayaking, canoeing, sailing, power boating, and other water sports are examples of recreational activities that include the water. Globally, the growth of recreational boating facilities has been impacted by customers' increasing interest in water sports and increased engagement across all age groups. In addition, water sports are growing in popularity due to their numerous health advantages as well as the thrill or adrenaline rush, they provide when exercising.

Moreover, it has been noted that among fans of water sports, artificial water bodies for kayaking and rafting are becoming more and more popular. The market for recreational boats is also being supported by the increased popularity of motorized water sports like jet skiing, sailing, and yachting. The promotion of water sports has also recently received active attention from a number of government agencies. Initiatives have been launched in a number of nations to promote the construction of water sports facilities and leisure boating.

Buy Now Premium Research Report:
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=11961

A lot of cruise builders are also making investments in land-based private islands, which enables cruise companies to extend the aboard experience by providing passengers with exclusive beach time. In addition, the natural scenery of nations with sea or ocean borders draws a sizable number of visitors from abroad each year, especially from the wealthy sector of society. These nations are also popular choices for some business meetings and promotional occasions when luxury ships are rented. Additionally, the recreational boating industry is experiencing tremendous growth because of supportive government initiatives and programs to raise public awareness of the benefits of water tourism.

Restraints

Recreational boat construction necessitates enormous facilities and qualified laborers due to their sheer size and complexity, which significantly raises the cost of initial boat manufacturing. Furthermore, one of the most obvious expenses related to a boat is the cost of the engine that is included in it. High-performance engines are needed for recreational boats, and the boat's overall price will depend on the horsepower.

Market Segmentation

Yachts, sailboats, personal watercraft, inflatables, and others are included in the recreational boats market segmentation, with respect to boat type.

There are three boat size categories in the recreational boat market: 30 feet and under, 30 feet to 50 feet, and >50 feet. In 2022, the market was led by the 30-foot category.

Outboards, Inboards, and other types are included in the segmentation of the recreational boats market, depending on the type.

ICE and Electric are two of the engine types included in the recreational boats market segmentation. In 2022, the electric sector dominated the industry.

Up to 100 kW, 100-200 kW, and Above 200 kW are the power ranges covered in the MRFR report.

Aluminum, Fiberglass, Steel, and Others are included in the Recreational boats Market segmentation by Material Type. In 2022, the market was dominated by the steel sector.

Cruising+water sports, & Fishing are included in the Recreational boats Market segmentation by Activity Type.

Engine Powered, Boat Shows, & Online Sales are included in the Recreational boats Market segmentation by Power Source.

Browse In-depth Market Research Report on Ride Sharing Market:
https://www.marketresearchfuture.com/reports/recreational-boats-market-11961

Recreational boats Market Segmentation

Recreational boats Type Outlook

Yachts
Sailboats
Personal Watercrafts
Inflatables
Others
Recreational boats Boat Size Outlook

50 Feet
Recreational boats Engine Placement Outlook

Outboards
Inboards
Others
Recreational boats Engine Type Outlook

ICE
Electric
Recreational boats Power Range Outlook

Up to 100 kW
100-200 kW
Above 200 kW
Recreational boats Material Type Outlook

Aluminum
Fiberglass
Steel
Others
Recreational boats Activity Type Outlook

Crusing+watersports
Fishing
Recreational boats Power Source Outlook

Engine Powered
Boat Shows
Online Sales
Check our more reports of automobile!

Electric Cargo Bikes Market: https://www.openpr.com/news/3439087/electric-cargo-bike-market-is-expected-to-grow-at-a-cagr-of-20

Automotive Retail Market: https://www.openpr.com/news/3439053/automotive-retail-market-to-grow-with-7-22-billion-valuation

Automotive OEM Market: https://www.openpr.com/news/3439027/automotive-oem-market-is-projected-to-grow-from-usd-36-0-billion

About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Contact
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com

This release was published on openPR.