Global Recreational Boating Market to Witness Impressive Growth, Revenue to Surge to USD 42.2 Billion By 2028

The global Recreational Boating market accounted for USD 27.7 Billion in 2020 and is expected to reach USD 42.2 Billion by 2028, growing at a CAGR of around 5.3% between 2021 and 2028.

The report covers forecast and analysis for the Recreational Boating market on a global and regional level. The study provides historic data of 2016 along with a forecast from 2021 to 2028 based on revenue (USD Billion). The study includes drivers and restraints for the Recreational Boating market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Recreational Boating market on a global level.

This report offers comprehensive coverage on global Recreational Boating market along with, market trends, drivers, and restraints of Recreational Boating market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the Recreational Boating market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared by using data sourced from in-house databases, secondary and primary research team of industry experts. Research analysts and consultants cooperate with leading companies of the concerned domain to verify every value of data exists in this report.

The study provides a decisive view on the Recreational Boating market by segmenting the market based on power, boat type, and regions. All these segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2028. The type covered under this study includes Engine Powered, Man Powered and Sail Propelled.

The application based market covered under this study includes cabin cruisers, jet boats, pontoon boats, propulsion systems, personal watercraft, and others. This report also includes the current and forecast demand for the region of North America, Europe, Asia-Pacific and Latin America.

North America is the leading regional segment for recreational boating market across the globe. The US accounted for the largest market share in the region. Factors such as stable economic conditions and government financial assistance are anticipated to boost the global recreational boating market. In addition, Europe is the second largest region for the market owing to its rising tourism activities. Asia Pacific is also one of the well-known markets for recreational boating. Increasing double income of the middle-class people encourages them to spend on premium recreational activities such as recreational boating, which in turn fosters the growth of the market.

The major players operating in the Recreational Boating market are Caterpillar Incorporated, Azimut-Benetti, Ferretti, Carlisle Paddles, Avon Inflatables, Brunswick Corporation, Rodriguez, Bombardier Recreational Products Incorporated, Bavarian, Sealine Attwood, Brunswick Corporation, Zodiac Marine & Pool, Platinum Equity, Baja Marine, Suzuki Motor Corporation, Princess, Group Beneteau, Sunseeker, and Azimut-Benetti. Others key players in the market are Yamaha Motor Company Limited, Kawasaki Heavy Industries Limited, KCS International Incorporated, Honda Motor Company Limited, Poly Marquis Yach, Tognum AG, Hydra-Sports Boat, Godfrey Marine, Crusader Marine Engines, General Motors Company, Pleasurecraft Engine Group, Interphase Technologies, and Fountain Powerboat Industries Incorporated.

Browse the full “Recreational Boating Market by Power (Engine Powered, Man Powered, and Sail Propelled) By Boat type (Cabin cruisers, Jet boats, Pontoon boats, Propulsion systems, Personal watercraft, and others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/recreational-boating-market

The global Recreational Boating Market is segmented as follows:

By Power

• Engine Powered
• Man Powered
• Sail Propelled

By Boat type 

• Cabin cruisers 
• Jet boats
• Pontoon boats
• Propulsion systems
• Personal watercraft
• Others

 By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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