Stratistics MRC’s Global Recreational Boat Market value is expected to reach $33.45 billion growing at a CAGR of 8.5% during 2023-2030.
Recreational boating is the act of floating around on the water at a leisurely pace. On outings with family and friends, many people use this for enjoyable activities. Boat racing, sailing, campaigning, fishing, and other water sports like kayaking, sports fishing, and others are all included in recreational boating. Moreover, runabouts, towboats, fishing boats, sailboats, pontoon boats, sterndrive powerboats, jet boats, personal watercraft, propulsion systems, and cabin cruisers are just a few of the recreational boat types that are used for the activities.
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During the forecast period, the recreational boat market is anticipated to have the highest CAGR in the Asia-Pacific region. The region’s quick economic development, rising urbanization, and rising middle-class population have all played a significant role in the expansion of the boating sector. There is a rising interest in leisure and recreational activities, including boating, as more people in nations like China, India, and Southeast Asian nations experience rising disposable incomes. Moreover, The growth of the recreational boating market in the Asia-Pacific region is further aided by the development of marinas, waterfront infrastructure, and boat clubs.
Some of the key players in Recreational Boat market include Mahindra Odyssea, Azimut Benetti Group, White River Marine Group, LLC, Bennington Marine LLC, Bryton Marine Group, Sportsman Boats Manufacturing Inc, Brunswick Corporation, Royal Caribbean Cruises Ltd., Mastercraft Boat Holdings, Inc, Pacific Asian Enterprises, Grady-White Boats, Inc., Bombardier Recreational Products, Vision Marine Technologies, Ferretti Group, Porter, Inc., Groupe Beneteau, Sunseeker International Limited, Yamaha Motors Co. Ltd., Grand Banks Yachts Ltd. and Malibu Boats, Inc.
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Key Developments:
In April 2023, Ferretti Group launched Custom Line 106′ hull 14. The Custom Line 106 Ft, a Ferretti Group Engineering Department design, is the entry-level model for the brand’s planning line. The yacht has interior spaces with a 2-meter-high ceiling, large windows, and over 200 square meters of interconnected outdoor spaces.
In January 2023, Brunswick Corporation has announced the launching of an all-electric marine outboard in 2023. The Avator 7.5e will be the first in a full line of electric outboard motors from Mercury Marine, a division of Brunswick Corporation.
In September 2022, Groupe Beneteau launched 15 new models across its four brands in the day boating segment. The models include Jeanneau Cap Camarat 10.5 Cc, Jeanneau Merry Fisher 1295, Jeanneau Db/43, Four Winns Th36, Wellcraft 355, and Prestige M48.
In August 2022, Yamaha unveiled a brand-new 22 Ft platform which replaces the versatile 21 Ft center console line. There are three new 22-foot FSH models in total, and they all feature the top center console technology.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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