Recreational Boats Market: Rapid Growth and Key Research Insights-Brunswick Corporation, Groupe Beneteau, Malibu Boats.

The Recreational Boats Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Recreational Boats market from 2024 to 2031, and what is the market value expected to change by 2031?

The global recreational boat market size was worth US$ 21.90 billion in 2023 and is estimated to reach US$ 37.65 billion by 2031, growing at a CAGR of 7.01% during the forecast period (2024-2031).

The Recreational Boats market focuses on the production and sale of boats designed for leisure activities, including fishing, sailing, cruising, and water sports. This market encompasses a variety of boat types, such as motorboats, sailboats, and personal watercraft. Growth is driven by increasing disposable incomes, a rise in outdoor recreational activities, and growing interest in water-based sports and tourism. Additionally, innovations in boat design, technology, and eco-friendly materials are shaping consumer preferences, while government initiatives promoting marine tourism further enhance market opportunities.

Key Developments:

In January 2023, Brunswick Corporation announced its plan to introduce an all-electric marine outboard motor, the Avator 7.5e, through its subsidiary Mercury Marine. This motor is the first in a series of electric outboard motors designed to deliver performance comparable to a traditional Mercury 3.5 hp FourStroke outboard, offering 750 W of power at the prop shaft. The Avator 7.5e is aimed at small boats, including tenders, inflatables, and kayaks, and it can be equipped with either a tiller or remote steering. Additionally, the Avator series includes a swappable lithium-ion battery, featuring a 48 V/1 kWh pack that is IP67 water resistant and developed in collaboration with Mastervolt.

In April 2023, Ferretti Group unveiled the Custom Line 106' hull 14, designed by its Engineering Department as the entry-level model in its planning line series. The yacht boasts spacious interiors with a 2-meter-high ceiling and wide windows, alongside over 200 square meters of interconnected outdoor space, emphasizing luxury and comfort for its occupants.

List of the Key Players in the Recreational Boats Market:

Brunswick Corporation, Groupe Beneteau, Malibu Boats, Polaris Inc., MasterCraft Boat Company, Sunseeker International, Ferretti Group, Bass Pro Group, Marine Products Corporation and Yamaha Motor Company.

Research Process:

Both primary and secondary data sources have been used in the global Recreational Boats Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Recreational Boats Market:

By Boat: Yachts, Sailboats, Personal Watercraft Boats, Others.

By Activity: Watersports & Cruising, Fishing.

By Boat-Size: 50 Feet.

By Material: Aluminum, Steel, Fiberglass, Others.

By Engine: Outboards, Inboards, Others.

Regional Breakout:

The global Recreational Boats Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Recreational Boats Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Recreational Boats Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of New Zealand Food Testing and Certification manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of New Zealand Food Testing and Certification in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

What is the expected growth rate of the global market for the forecast period?

What are the key driving factors that are responsible to shape the fate of the Recreational Boats market during the forecast period?

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What are the prominent market trends which influence the development of the Recreational Boats market across various regions?

Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

What are the challenges and threats that are likely to act as a barrier to the growth of the Recreational Boats market?

What are the major opportunities that the companies can get to attain success in the world?

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