Recreational Boat Market is estimated to reach US$ 37.65 billion by 2031 | Brunswick Corporation, Groupe Beneteau, Malibu Boats, Polaris Inc

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).

Recreational Boats Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Recreational boats, also known as pleasure craft, are designed for leisure activities on the water, such as boating with family and friends, racing, sailing, fishing, and other water sports. These boats are constructed using materials like plastic, metal, and coated textiles to ensure durability and performance.

The recreational boating market includes a wide range of vessels, including runabouts, towboats, fishing boats, sailboats, pontoon boats, sterndrive powerboats, jet boats, personal watercraft, propulsion systems, and cabin cruisers. Advancements in boat technology, increasing boat sizes, rising numbers of high-net-worth individuals, economic growth, a booming tourism industry, and innovations in boat engines are all driving interest in recreational boating. This growing enthusiasm is fueling the expansion of the global recreational boating industry.

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.

Industry Development:

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.

In August 2022, Yamaha revealed a new 22-foot platform, replacing the adaptable 21-foot center console line. There are three new 22-foot FSH versions in total, all with top center console technology.

Growth Forecast Projected:

The Global Recreational Boats Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

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.

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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)

By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Regional Analysis for Recreational Boats Market:

The regional analysis of the Recreational Boats Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Recreational Boats market?

➠ Who are the leading manufacturers in the global Recreational Boats industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Recreational Boats industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Recreational Boats market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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