Reports

Global Recreational Boating Market: By Type: Outboard Boats, Inboard Boats, Personal Watercraft Boats, Sail Boats, Rigid Inflatable Boats; By Power Source: Human Powered, Sail Powered, Engine Powered; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments

Global Recreational Boating Market Outlook

The global recreational boating market stood at a value of about USD 27 billion in 2020, growing at a CAGR of 3.5% in the forecast period of 2023-2028. The recreational boating industry is projected to reach a value of approximately USD 33 billion by 2026.

 

Global Recreational Boating Market

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Growing Demand for Watersports and Cruising to Bolster the Growth of the Recreational Boating Industry

On the basis of application, the rising demand for watersports and cruising, bolstered by the growing tourism industry and increasing disposable incomes is significantly contributing to the growth of the  the market. There is a significant increase in demand for sail boats witnessed due to its cost-effectiveness and its extensive use in fishing and travelling.

 

The Asia Pacific to Significantly Contribute to the Industry Growth

The Asia Pacific accounts for a significant share in the market owing to the increasing number of investors towards recreational activities. A high demand for imported boats in regions like the United States, the United Kingdom, France, and Germany will further augment the growth of the recreational boating industry. The rise in per capita income in developing countries will further instigate the market growth in the forecast period.

 

Recreational Boating: Market Segmentation

Recreational boat is a vessel made for the purpose of non-commercial use or leasing or renting to another person for the latter’s non-commercial use. These boats are designed for enjoyment and are used for several activities, such as camping, fishing, boat racing, and sailing. The boats are now days equipped with enhanced technological features, such as Global Navigation Satellite System that makes it a successful vehicle to carry out rescue operations.

 

Global Recreational Boating Market By Power Source

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Based on type, the market is divided into:

  • Outboard Boats
  • Inboard Boats
  • Personal Watercraft Boats
  • Sail Boats
  • Rigid Inflatable Boats
  • Others

By power source, the market is segmented into:

  • Human Powered
  • Sail Powered
  • Engine Powered

Based on application, the market is segmented into:

  • Watersports and Cruising 
  • Fishing
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Recreational Boating Market By Region

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Growing Innovation and Attractive Features to Boost the Growth of the Recreational Boating Industry

The global recreational boating industry is fuelled by the increasing innovations and attractive features provided by the manufacturers. The market is further aided by the presence of Global Navigation Satellite System (GNSS), which is a trending technology used in traffic management and surveillance. The marine technologies added to the pleasure crafts will instigate the growth of the market in the forecast period. The efforts made by major players in the industry by mergers and acquisitions in order to expand the company’s portfolio will further bolster the market growth in the forecast period.

 

Key Industry Players in the Global Recreational Boating Market

The report gives a detailed analysis of the following key players in the global recreational boating market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Brunswick Corporation
  • Marine Product Corporation
  • Azimut Benetti Group
  • Sunseeker International Limited 
  • Bennington Marine LLC
  • White River Marine Group
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Power Source, Application, Region
Breakup by Type Outboard Boats, Inboard Boats, Personal Watercraft Boats, Sail Boats, Rigid Inflatable Boats, Others
Breakup by Power Source Human Powered, Sail Powered, Engine Powered, Others
Breakup by Application Watersports and Cruising, Fishing, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Brunswick Corporation, Marine Product Corporation, Azimut Benetti Group, Sunseeker International Limited, Bennington Marine LLC, White River Marine Group, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Recreational Boating Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Recreational Boating Historical Market (2018-2022) 
    8.3    Global Recreational Boating Market Forecast (2023-2028)
    8.4    Global Recreational Boating Market by Type
        8.4.1    Outboard Boats
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Inboard Boats
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Personal Watercraft Boats
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Sail Boats
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Rigid Inflatable Boats
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
        8.4.6    Others
    8.5    Global Recreational Boating Market by Power Source
        8.5.1    Human Powered
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Sail Powered
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Engine Powered
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Others
    8.6    Global Recreational Boating Market by Application
        8.6.1    Watersports and Cruising 
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Fishing
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Others    
    8.7    Global Recreational Boating Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Recreational Boating Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Recreational Boating Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Recreational Boating Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Recreational Boating Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Recreational Boating Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Brunswick Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Marine Product Corporation
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Azimut Benetti Group
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Sunseeker International Limited
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Bennington Marine LLC
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    White River Marine Group
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7     Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Recreational Boating Market: Key Industry Highlights, 2018 and 2028
2.    Global Recreational Boating Historical Market: Breakup by Type (USD Billion), 2018-2022
3.    Global Recreational Boating Market Forecast: Breakup by Type (USD Billion), 2023-2028
4.    Global Recreational Boating Historical Market: Breakup by Power Source (USD Billion), 2018-2022
5.    Global Recreational Boating Market Forecast: Breakup by Power Source (USD Billion), 2023-2028
6.    Global Recreational Boating Historical Market: Breakup by Application (USD Billion), 2018-2022
7.    Global Recreational Boating Market Forecast: Breakup by Application (USD Billion), 2023-2028
8.    Global Recreational Boating Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Recreational Boating Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Recreational Boating Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Recreational Boating Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Recreational Boating Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Recreational Boating Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Recreational Boating Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Recreational Boating Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Recreational Boating Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Recreational Boating Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Milk Packaging Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Recreational Boating Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Recreational Boating Market Structure

Key Questions Answered in the Report

What was the global recreational boating market size in 2020?

In 2020, the global recreational boating market attained a value of nearly USD 27 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 3.5% between 2023 and 2028.

What are the major industry drivers?

The major drivers of the market include the developments in autonomous marine technology, the growing tourism industry, increasing disposable income levels, and increasing demand for leisure boating.

What are the key industry trends of the global recreational boating market?

The increasing innovations and attractive features provided by the manufacturers and the presence of the Global Navigation Satellite System (GNSS) are the key industry trends propelling the market's growth.

What are the major regional markets of recreational boating, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the types of recreational boating in the market?

Based on type, the market is divided into outboard boats, inboard boats, personal watercraft boats, sail boats, and rigid inflatable boats, among others.

What are the segments based on power source in the market?

By power source, the market is segmented into human powered, sail powered, and engine powered among others.

What are the major applications in the market?

Recreational boating finds their major application in watersports and cruising, and fishing, among others.

Who are the key industry players, according to the report?

The major players in the industry are Brunswick Corporation, Marine Product Corporation, Azimut Benetti Group, Sunseeker International Limited, Bennington Marine LLC, and White River Marine Group, among others.

Analyst Review

The global recreational boating market attained a value of nearly USD 27 billion in 2020, driven by the presence of the Global Navigation Satellite System (GNSS). Aided by developments in autonomous marine technology and increasing innovations and attractive features provided by the manufacturers, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 3.5%.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into outboard boats, inboard boats, personal watercraft boats, sail boats, and rigid inflatable boats, among others. By power source, the market is segmented into human powered, sail powered, and engine powered among others. Recreational boating finds its major application in watersports and cruising, and fishing, among others. The major regional markets for recreational boating market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Brunswick Corporation, Marine Product Corporation, Azimut Benetti Group, Sunseeker International Limited, Bennington Marine LLC, and White River Marine Group, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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