Leisure Boating Is Making Waves Globally: A Look at the $35.28 Billion Market Forecast for 2025 and its Driving Forces

"
Strong increase in global recreational boating market size anticipated, bolstered by growth in the tourism industry and excitement around new product development.

What Is The Projected Market Size Of The Global Recreational Boating Market And Its Growth Rate?
Insights indicate strong growth in the global recreational boating industry.
* The market size rose drastically from $32.87 billion in 2024 to an anticipated $35.28 billion in 2025.
* This growth represents an impressive compound annual growth rate (CAGR) of 7.3%.
* Factors accelerating this growth include enhancements in economic conditions, increased disposable income,
* Increases in boating tourism, appeal of waterfront properties, demographic trends, and shifts in lifestyle preferences are significant contributors.
* Intensifying environmental regulations and best practices in sustainability also evidently positively impact the market size.
* Continued market expansion is anticipated, projecting to reach $48.03 billion in 2029 with a CAGR of 8.0%.
* Key factors expected to fuel this growth include the rise in rental and sharing services, market expansion and safety standards, demographic changes, and increased interest in boating tourism.

What Is Driving The Growth In The Recreational Boating Global Market?
The burgeoning tourism industry provides a significant impetus to the growth of the recreational boating market. The tourism sector relates to people traveling for leisure, social, or business reasons, whether domestic or international, directly influencing the hotel, hospitality, and transportation industries. Therefore, the expansion of the tourism industry drives growth in the recreational boating market. For instance, according to a report released by the UN Tourism in July 2024, around 790 million tourists traveled internationally, indicating an increase of about 11% from 2023.

Request A Free Sample Copy:https://www.thebusinessresearchcompany.com/sample.aspx?id=6563&type=smp

Who Are the Key Players Driving Recreational Boating Growth?
The following major companies play a crucial role in the recreational boating market:
* Lowe Boats
* Yamaha Motor Co Ltd.
* Polaris Inc.
* Brunswick Corporation
* Groupe Beneteau
* Mastercraft Boat Holdings Inc.
* and many more.

What Are The Key Trends In The Recreational Boating Market?
Prominent trends in the recreational boating market include:
* The advent of electric propulsion technology
* Integration of smart technology
* Rise in water sports and activities
* Innovations in design and styling
* Wellness and comfort features

What Are The Segments Of The Global Recreational Boating Market?
The recreational boating market is divided into the following primary segments:
* By Boat Type: Yachts, Sailboats, Personal Watercrafts, Inflatables, and Other Boats
* By Engine Placement: Outboards, Inboards, Other Engine Placements
* By Material Type: Aluminum, Fiberglass, Steel, Other Materials
* By Boat Size: Up to 20 Ft., 21 Ft. to 35 Ft., 36 Ft. to 50 Ft.
* By Activity Type: Cruising, Water Sports, Fishing

Which Region Leads The Recreational Boating Market?
In the recreational boating market, North America emerged as the leading region in 2024. The report includes a comprehensive study of regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Pre-book the Report for Swift Delivery:https://www.thebusinessresearchcompany.com/report/recreational-boating-global-market-report

What Is Covered In The Recreational Boating Global Market Report?

- Market Size Analysis: Analyze the Recreational Boating Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the Recreational Boating Market for effective categorization.

- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.

- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

- Market Contribution: Evaluate contributions of different segments to the overall Recreational Boating Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the Recreational Boating Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Request Customization for This Report:https://www.thebusinessresearchcompany.com/customise?id=6563&type=smp

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.