Small Boats Market Size Forecast: $70.39 Billion by 2029 | Global Outlook

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What Is the Projected Market Size Valuation of the Small Boats Market by 2025?
The market size for small boats has seen swift expansion in the past few years. A surge from $39.02 billion in 2024 to $43.12 billion in 2025 is expected, with a compound annual growth rate (CAGR) of 10.5%. This historic growth can be credited to factors like economic stability and disposable income, trends in tourism and leisure, regulatory environment, as well as boating infrastructure and economic stability.

What Is the Estimated Market Growth Value for the Small Boats Industry in 2029?
The market size of small boats is predicted to experience a swift expansion in the coming years, projected to reach a value of $70.39 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 13.0%. Factors contributing to this progress during the forecasted period include increased urbanization and population, heightened environmental consciousness, the popularity of recreational boating, stringent safety laws, and a commitment to sustainable practices. The forecasted period also sees notable trends like digital transformation and improved connectivity, technological progress, rigid government rules and safety norms, the rise of online sales and direct-to-consumer models, and the advent of electric propulsion systems.

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What Are the Growth Drivers and Opportunities in the Small Boats Market?
The surge in fishing activities is predicted to fuel an increase in the small boat market. Fishing activities encompass catching fish and other sea creatures either for consumption, sport, or on a commercial scale. Shallow waters are perfect for small boats, which are generally less costly, user-friendly, and effortless to maintain compared to larger watercraft. For example, the European Fishmeal and Fish Oil Producers, an NGO based in Denmark, predicted in June 2024 that the number of fish caught in fisheries and aquaculture will maintain a consistent level, with a projected increase from 89.6 million tons in 2023 to 90.6 million tons. A substantial expansion in Aquaculture is also expected. Consequently, the surge in fishing activities is spearheading the growth of the small boat market.

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What Are the Primary Segments Covered in the Global Small Boats Market Report?
The small boats market covered in this report is segmented -

1) By Product Type: Powered Boat, Sail Boat, Personal Watercraft, Other Products
2) By Material: Fiberglass, Metal, Wood, Inflatable, Other Materials
3) By Application: Pleasure, Fishing, Defense, Other Applications

Subsegments:
1) By Powered Boat: Motorboat, Speedboat, Fishing Boat
2) By Sail Boat: Monohull Sailboat, Catamaran Sailboat
3) By Personal Watercraft: Jet Ski, Sea-Doo
4) By Other Products: Inflatable Boat, Canoe Or Kayak, Rowing Boat

What Are the Top Growth Trends in the Small Boats Market?
The emergence of technological innovations is an escalating trend in the small boat market. Firms in this market are embracing new platforms like the Internet of Things (IoT) to stay competitive. For example, in August 2022, Radian IoT Inc., a U.S. company specializing in big data, launched the Radian M2 device and the SaaS platform, both bolstered by IoT technology for boat monitoring from a distance. The device utilizes IoT tech to send data to a mobile device or a cloud-based platform, enabling boat owners and managers to remotely oversee their vessels and make knowledgeable choices about navigation, upkeep, and other facets of boat management to enhance safety, effectiveness, and function. Moreover, the SaaS platform provides real-time data view and access to historical data and analytics for its users.

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Which Companies Are Shaping the Future of the Small Boats Market?
Major companies operating in the small boats market include AB Volvo Penta, Polaris Industries Inc, Bombardier Recreational Products Inc, Brunswick Corporation, Beneteau Group SA, Malibu Boats Inc., Ferretti Group S.p.A., Sea Ray Boats Inc., MasterCraft Boat Company LLC, Azimut Benetti S.p.A., Marine Products Corporation, Boston Whaler Inc., Sunseeker International Holdings Limited, S2 Yachts Inc., Formula Boats Inc., Pursuit Boats LLC, Grady-White Boats Inc., Cobalt Boats LLC, Everglades Boats LLC, Seabring Marine Industries Inc., Sea Fox Boat Company, Four Winns Boats LLC, Stingray Boats Inc., Bavaria Yachtbau GmbH, Correct Craft Inc., Crestliner Marine Holdings Inc., WeLLCraft Marine Inc., Carver Yachts LLC

Which Region Holds the Largest Market Share in the Small Boats Industry?
Asia-Pacific was the largest region in the small boats market in 2024. The regions covered in the small boats market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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