Recreational Boat Market to Witness a Healthy CAGR of 6.5% with USD 27.48 Billion by 2030

The Recreational Boat Market size is projected to be valued at USD 16.31 billion in 2021 and is expected to rise to USD 27.48 billion by 2030. The market is expected to register a CAGR of 6.5% during the forecast period from 2022 to 2032.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/recreational-boat-market/request-for-sample

𝐕𝐚𝐫𝐢𝐨𝐮𝐬 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 𝐩𝐫𝐨𝐩𝐞𝐥𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐫𝐞𝐜𝐫𝐞𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐛𝐨𝐚𝐭𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

● The increasing number of tourism activities worldwide has substantially impacted the demand for leisure products.

● Key factors driving demand for recreational boats include the development of new water bodies as tourist hotspots, strong government support combined with simultaneous growth in overall tourism, and an increase in disposable income, particularly in Asian economies where the majority of the young population lives.

● The recreational industry is gaining popularity among the public since it provides a safe alternative to leisure activities. As a result, in the coming years, product demand may increase significantly.

𝐓𝐨𝐩 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬:

Because there are so many companies in the industry, it is expected to be both competitive and fragmented.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐥𝐞𝐚𝐝𝐢𝐧𝐠 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐜𝐫𝐞𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐛𝐨𝐚𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

• 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.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/983/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐁𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧:

The market is mainly segmented by type, size, engine size, power source, and region. According to the type study, the yacht category was the top revenue generator in 2021 and is expected to dominate the market over the projection period. Rising disposable income and increased demand for recreational water activities are driving the segment's growth.
Furthermore, according to the engine type research, the electric sector is the greatest revenue generator, with the most significant shares, and is expected to grow at the fastest CAGR in the global recreational boat market. Electric motors produce less noise than gas and diesel engines because they lack a silent rotating motor and a combustion system.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐚 𝐑𝐞𝐜𝐫𝐞𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐁𝐨𝐚𝐭?

Recreational boating is the term for leisure boating on the water. When traveling with friends and family, a lot of individuals utilize this for entertaining activities. Recreational boating contains boat racing, fishing, sailing, and other water sports, including powerboat racing, kayaking, sports fishing, and others. Among the recreational boat types used for boating leisure are runabouts, pontoon boats, towboats, sterndrive powerboats, fishing boats, sailboats, jet boats, propulsion systems, personal watercraft, and cottage cruisers. These ships are mostly made of plastic, coated fabrics, and metal. Recreational boating is open to all kinds of boats and sails, whether engines or human strength power.

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/recreational-boat-market

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

• North America (U.S., Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/news-release/2023/09/28/2751341/0/en/Digital-Banking-Platforms-Market-Size-Estimated-to-Touch-Valuation-of-USD-131-65-Billion-By-2032-With-19-9-CAGR-19-9-Polaris-Market-Research.html

𝐆𝐚𝐬 𝐈𝐧𝐬𝐮𝐥𝐚𝐭𝐞𝐝 𝐒𝐰𝐢𝐭𝐜𝐡𝐠𝐞𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/news-release/2023/10/03/2753761/0/en/Gas-Insulated-Switchgear-Market-Share-Anticipated-to-Achieve-USD-44-896-0-Million-By-2032-With-a-6-7-CAGR-Growth-Polaris-Market-Research.html

𝐆𝐫𝐞𝐞𝐧 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/news-release/2023/10/03/2753419/0/en/Global-Green-Packaging-Market-Size-Projected-to-Reach-USD-564-72-Billion-By-2032-With-a-CAGR-of-6-3-Report-by-Polaris-Market-Research.html

𝐆𝐚𝐬 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/news-release/2023/10/04/2754313/0/en/Gas-Delivery-System-Market-Size-Expected-to-Grow-by-USD-40-5-Billion-by-2032-at-8-5-CAGR-Growth-Report-by-Polaris-Market-Research.html

𝐅𝐢𝐫𝐞 𝐃𝐞𝐩𝐚𝐫𝐭𝐦𝐞𝐧𝐭 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.globenewswire.com/news-release/2023/10/04/2754664/0/en/Fire-Department-Software-Market-to-Record-11-5-CAGR-Will-Reach-USD-2541-39-Million-By-2032-Polaris-Market-Research.html

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

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New York City, NY 10005,
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Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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