Recreational Boats Market Growth, Trends & Forecast 2025 | Top key players - Groupe Beneteau, Malibu Boats, Polaris Inc.

The Global Recreational Boats 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, as examined in the DataM Intelligence study, offers a comprehensive overview of the industry, enriched with in-depth insights, historical data, and key statistics. The report provides a thorough analysis of market dynamics, competitive strategies, and leading players, detailing their product offerings, pricing models, financial performance, expansion strategies, and regional presence.

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The Recreational Boats Market encompasses the production, sale, and use of boats designed primarily for leisure activities such as cruising, fishing, water sports, and personal enjoyment. It includes various types like pontoons, yachts, and personal watercraft, driven by rising tourism, disposable incomes, and lifestyle trends, catering to both individual consumers and commercial tourism operators globally.

Key Development

In January 2023, Brunswick Corporation announced it would launch an all-electric marine outboard motor. Through its subsidiary Mercury Marine, the company introduced the Avator 7.5e, the first model in a new series of electric outboards. Offering 750 watts of power at the prop shaft, the Avator 7.5e matches the output and performance of a traditional Mercury 3.5 hp FourStroke engine. Designed for small boats like tenders, inflatables, and kayaks, it comes with options for tiller or remote steering. The outboard also features a swappable lithium-ion battery-a 48 V/1 kWh pack developed with Mastervolt-which is water-resistant to IP67 standards.

In April 2023, Ferretti Group launched the Custom Line 106' hull 14, designed by its Engineering Department as the brand's entry-level model in the planning line. The yacht impresses with spacious interiors featuring 2-meter-high ceilings, large windows, and over 200 square meters of seamless outdoor space, combining luxury and comfort in a sleek package.

Major Players Shaping the Recreational Boats Market:

The prominent players in Recreational Boats market research report are: 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.

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

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Market Segments

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

By Activity: Watersports & Cruising, Fishing.

By Boat-Size: Less than 30 Feet, 30-50 Feet, Greater than 50 Feet.

By Material: Aluminum, Steel, Fiberglass, Others.

By Engine: Outboards, Inboards, Others.

The Recreational Boats industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.

Regions Covered:

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

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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