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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 (2017-2027); 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 2022-2027. The recreational boating industry is projected to reach a value of approximately USD 33 billion by 2026.
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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.
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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.
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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 | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Industry Opportunities and Challenges
8 Global Recreational Boating Market Analysis
8.1 Key Industry Highlights
8.2 Global Recreational Boating Historical Market (2017-2021)
8.3 Global Recreational Boating Market Forecast (2022-2027)
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 (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Inboard Boats
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Personal Watercraft Boats
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Sail Boats
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Rigid Inflatable Boats
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Sail Powered
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Engine Powered
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Fishing
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Others
8.7 Global Recreational Boating Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Brunswick Corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Marine Product Corporation
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Azimut Benetti Group
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Sunseeker International Limited
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Bennington Marine LLC
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 White River Marine Group
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Development
List of Key Figures and Tables
1. Global Recreational Boating Market: Key Industry Highlights, 2016 and 2026
2. Global Recreational Boating Historical Market: Breakup by Type (USD Billion), 2017-2021
3. Global Recreational Boating Market Forecast: Breakup by Type (USD Billion), 2022-2027
4. Global Recreational Boating Historical Market: Breakup by Power Source (USD Billion), 2017-2021
5. Global Recreational Boating Market Forecast: Breakup by Power Source (USD Billion), 2022-2027
6. Global Recreational Boating Historical Market: Breakup by Application (USD Billion), 2017-2021
7. Global Recreational Boating Market Forecast: Breakup by Application (USD Billion), 2022-2027
8. Global Recreational Boating Historical Market: Breakup by Region (USD Billion), 2017-2021
9. Global Recreational Boating Market Forecast: Breakup by Region (USD Billion), 2022-2027
10. North America Recreational Boating Historical Market: Breakup by Country (USD Billion), 2017-2021
11. North America Recreational Boating Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Europe Recreational Boating Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Europe Recreational Boating Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Asia Pacific Recreational Boating Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Asia Pacific Recreational Boating Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Latin America Recreational Boating Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Latin America Recreational Boating Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Middle East and Africa Milk Packaging Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Middle East and Africa Recreational Boating Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Global Recreational Boating Market Structure
Key Questions Answered in the Report
In 2020, the global recreational boating market attained a value of nearly USD 27 billion.
The market is projected to grow at a CAGR of 3.5% between 2022 and 2027.
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.
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.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
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 their major application in watersports and cruising, and fishing, among others.
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 2022-2027, 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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