United States Recreational Boats Market 2032 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

The Recreational boats market reached US$14,285.71 million in 2024 and is expected to reach US$24,038.45 million by 2032, growing at a CAGR of 6.8% during the forecast period 2025-2032.

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Key Development:

United States: Recent Recreational Boat Industry Developments

✅ In January 2026, Vision Marine Technologies reported a positive operating cash flow quarter and highlighted its expanded retail footprint following the acquisition of Nautical Ventures Group, reinforcing its push in electric and premium boat retail services.

✅ In January 2026, the National Marine Manufacturers Association reported mixed economic conditions shaping a stable start to 2026 for U.S. recreational boating, with steady participation and continued interest in entry‐level and personal watercraft segments.

✅ In December 2025, Boats Group secured a major $2 billion acquisition deal led by General Atlantic and CPP Investments, reshaping ownership of the world's leading online boat marketplace and setting the stage for digital innovation in boat sales.

✅ In November 2025, Vision Marine Technologies outlined strategic expansion after integrating Nautical Ventures, strengthening its multi‐brand distribution network to support electric and ICE recreational boat segments across key U.S. markets.

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Japan: Recent Recreational Boat Industry Developments

✅ In January 2026, the smart connectivity and electrification trends influencing global leisure craft, with Japanese manufacturers expected to align offerings for rising leisure and tourism demand signaling product focus toward digital and electric enhancements.

✅ In late 2025, Groupe Beneteau announced an expanded product roadmap at boot Düsseldorf 2026, showcasing world premieres and new multihull and powerboat designs that are also targeted at the Japanese and Asian markets, reflecting growing regional engagement.

✅ In late 2025, electric and hybrid boat innovations are increasingly relevant to Japan's marine leisure sector as technology and sustainability preferences rise among Japanese consumers and water sports enthusiasts Japan's recreational boating ecosystem is aligning with electrification and smart features trends.

Key Players:

=> Brunswick Corporation, Yamaha Motor Co Ltd, Groupe Beneteau, Malibu Boats Inc, Bryton Marine Group, Ferretti S.P.A, Mastercraft Boat Holdings, Inc, Nautique Boats, Regal Marine Industries, Inc., Marine Products Corporation.

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Key Segments:

By Type

Yachts - ~40% share

Leading segment driven by luxury and leisure boating, charter services, and recreational use.

Sailboats - ~25% share

Popular for sports, leisure sailing, and competitive activities.

Personal Watercraft Boats - ~20% share

Growing adoption for recreational watersports and tourism.

Others - ~15% share

Includes fishing boats, inflatable boats, and specialized small crafts.

By Activity

Watersports and Cruising - ~45% share

Dominates due to increasing recreational boating and tourism activities.

Fishing - ~30% share

Driven by commercial and recreational fishing demand.

Others - ~25% share

Includes leisure, racing, and emerging marine activities.

By Boat Size

Small Boats (50 Feet) - ~25% share

Luxury yachts and commercial vessels dominate this segment.

By Material

Aluminum - ~20% share

Lightweight, corrosion-resistant material used in fishing and sports boats.

Steel - ~15% share

Used for larger commercial and luxury yachts.

Fiberglass - ~50% share

Widely adopted for recreational and small to medium boats due to durability and cost-efficiency.

Others - ~15% share

Includes composites, wood, and hybrid materials.

By Engine

Outboards - ~45% share

Common for small boats and personal watercraft due to flexibility and ease of maintenance.

Inboards - ~40% share

Used in yachts, sailboats, and larger recreational vessels.

Others - ~15% share

Includes hybrid, electric, and alternative propulsion systems.

By Region

North America - ~35% share

U.S., Canada, Mexico

High adoption of recreational boating, watersports, and luxury yachts.

Europe - ~30% share

Germany, U.K., France, Italy, Rest of Europe

Strong marine tourism, luxury yacht ownership, and competitive sailing culture.

Asia-Pacific - ~20% share

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

Emerging market driven by tourism, increasing disposable income, and recreational activities.

South America - ~10% share

Growth led by leisure boating and fishing activities in coastal regions.

Middle East & Africa - ~5% share

Niche market with luxury yachts and leisure marine activities concentrated in coastal cities.

FAQ

What is the current size of the Recreational boats Market?

A: In 2024, the Recreational boats Market was valued at US$14,285.71 million, reflecting its strong industry presence.

Q2: How large is the Recreational boats Market expected to be by 2032?

A: By 2032, industry forecasts suggest the Recreational boats Market will grow to around US$24,038.45 million , demonstrating significant expansion.

Q3: What is the growth rate of the Recreational boats Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 6.8% during the forecast period from 2025 to 2032.

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