Recreational Boats Market Size Analysis and Regional Analysis Forecast (2024-2031)

Recreational Boats Market analysis, according to DataM Intelligence, offers more than just an overview; it investigates the underlying aspects of the sector. The study provides an overview, the research explores the hidden aspects of the sector, breaking down its intricate dynamics, charting regional dominance, spotting demand patterns, and spotting prospective breakthroughs that could influence how businesses operate in the future.

Will the Recreational Boats market emerge as the sector's next great thing? To discover the answer, look at the Recreational Boats market analysis and projections. In-depth insight of the opportunities, difficulties, and trends now impacting the industrial landscape is provided by this market research study, empowering industry participants to make informed decisions in a changing environment. Take advantage of the opportunity in the Recreational Boats market! (2031)

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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).

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Key Players:

Profiles of some of the major players in the global Recreational Boats market, which include:

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.

Industry Development:

In January 2023, Brunswick Corporation stated that it would launch an all-electric marine outboard. Mercury Marine, a company of Brunswick Corporation, will introduce the Avator 7.5e, the first in a full series of electric outboard motors. A Mercury 3.5 hp FourStroke outboard produces nearly the same output and performance as the 7.5e, with 750 W of power at the prop shaft. It is intended for use in small boats such as tenders, inflatables, and kayaks, and comes with either a tiller or remote steering. The Avator series also features an exchangeable lithium-ion battery. The 48 V/1 kWh battery pack is IP67 water resistant and was developed in partnership with Mastervolt.

In April 2023, Ferretti Group launched the Custom Line 106' hull 14. The Ferretti Group Engineering Department designed the Custom Line 106 Ft, which serves as the brand's entry-level planning line model. The yacht's internal rooms feature a 2-meter-high ceiling, wide windows, and over 200 square meters of interconnected outside space

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Recreational Boats market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

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 Break out:

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

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

Points Covered:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Recreational Boats market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Recreational Boats Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Recreational Boats market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Recreational Boats Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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FAQ's

Q.1. What are the primary drivers of the Recreational Boats Industry?

Q.2. What are the main factors propelling and impeding the growth of the Recreational Boats market?

Q.3. What are the general structure, risks, and opportunities of the market?

Q.4. How do the prices, revenue, and sales of the leading Recreational Boats market firms compare?

Q.5. What are the main segments of the market and how is it divided up?

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