Global Recreational Boat Market (2021 to 2027) – Expansion of Recreational Boat Manufacturers in Other Parts of the World Presents Opportunities -…

DUBLIN, Sept. 21, 2021 /PRNewswire/ -- The "Recreational Boat Market by Boat Type (Sailboats, PWC, Inflatables), Size (<_0>50 Feet), Engine Placement (Outboards, Inboards), Engine (ICE, Electric), Material (Aluminium, Fiberglass), Activity Type, Power Source & Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global recreational boat market size is projected to grow from USD 16.4 Billion in 2021 to USD 23.6 Billion by 2027, at a CAGR of 6.2%.

Factors such as growing tourism industry and increasing disposable income levels of people will boost the market. Developments in autonomous marine technology will further increase the demand for recreational boating, increasing demand for less skilled recreational boaters. The presence of a large number of manufacturers in this well integrated and fragmented industry ensures a stable supply for the demand of recreational boats around the world.

Outboards are estimated to account for the largest market size during the forecast period.

The outboard boat segment is currently the largest segment in the recreational boat market around the world. it will continue to be the largest segment during the forecast period due to high demand across US and Europe. This is because these boats have better speed, are easier to dock and cost much less to maintain compared to other variants. They also have a lower chance of catching fire due to the engine being located outside the boat. This leads to outboard boats being the most popular boat for boating enthusiasts.

North America is expected to witness significant growth during the forecast period.

The recreational boat market in North America is expected to be the largest and fastest-growing across the world due to high demand for leisure boating and water-sports in the region. US is expected to be a fast-growing market in the region with the government helping grow the recreational boat market over the years. However, Emission regulations could limit the growth rate of the market in both these countries by reducing recreational boating demand in the coming years. Canada also has a high demand due to recreational boating being a traditional pastime in the region. Mexico is also a fast-growing market with recreational boating gradually finding its place in the country.

Aluminum to be the top boat building material during the forecasted period.

The aluminum boats segment is currently the largest boat segment in the recreational boat market around the world. Due to its strong usability and low cost, these boats are mostly used for small-sized boats for recreational boating. Personal boats are mostly made of aluminum due to their lower costs, less servicing and maintenance requirements and ease of use for general boating operations. These boats are easy to manufacture and are the most easily available recreational boats in the market. North America will be the largest market for aluminum boats followed by Europe, Asia Oceania and the rest of the world. This is due to the high demand of these boats as private boats for people in the North American and European regions.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary3.1 COVID-19 Impact on the Recreational Boat Market, 2021-2027

4 Premium Insights4.1 Attractive Opportunities in the Recreational Boat Market4.2 Recreational Boat Market Growth Rate, by Region4.3 Recreational Boat Market, by Boat Type4.4 Recreational Boat Market, by Activity Type4.5 Recreational Boat Market, by Engine Location4.6 Recreational Boat Market, by Power Source4.7 Recreational Boat Market, by Boat Size4.8 Recreational Boat Market, by Engine Type4.9 Recreational Boat Market, by Material Type4.10 Recreational Boat Market, by Power Range

5 Market Overview5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Rising Disposable Income of People Around the World5.2.1.2 Growing Tourism Industry5.2.1.3 Increasing Number of Boat Shows Around the World5.2.1.4 Integration of the Latest Technologies in Boats5.2.2 Restraints5.2.2.1 Strict Pollution Norms for Recreational Boats5.2.2.2 Setting Up of Zero-Emission Zones5.2.3 Opportunities5.2.3.1 Online Market for the Industry Can Boost Sales in Untapped Markets5.2.3.2 Expansion of Recreational Boat Manufacturers in Other Parts of the World5.2.3.3 New Business Opportunities for Locally Servicing Recreational Boats5.2.4 Challenges5.2.4.1 Fluctuating Demand in the Industry Over the Years5.2.4.2 Presence of Trade Barriers in the Boating Industry5.3 Porter's Five Forces5.4 Recreational Boat Market Ecosystem5.4.1 Marine Component Manufacturers5.4.2 Marine Engine Manufacturers5.4.3 OEMs5.5 Value Chain Analysis5.6 Recreational Boat Market - Pricing Analysis5.7 Trends/Disruptions Impacting Buyers in the Recreational Boat Market5.8 Technology Analysis5.9 Patent Analysis5.10 Case Study5.11 Regulatory Overview5.12 Trade Data5.13 COVID-19 Impact Analysis5.14 Recreational Boat Market, Scenarios (2021-2027)

6 Recreational Boat Market, by Boat Type6.1 Introduction6.1.1 Yachts are Estimated to Lead the Market Both by Value and Volume6.2 Operational Data6.2.1 Assumptions6.3 Research Methodology6.4 Yachts6.4.1 North America is Expected to Lead the Yacht Market by Volume and Value6.5 Sailboats6.5.1 Europe is Estimated to Lead the Sailboat Market by Volume6.6 Personal Watercraft Boats6.6.1 North America and Asia Oceania are Expected to Lead the Personal Watercraft Market6.7 Inflatable Boats6.7.1 Asia Oceania is Expected to Lead the Inflatable Boat Market, by Volume and Value6.8 Others6.8.1 North America is Expected to Lead the Others Boat Market, by Volume and Value6.9 Key Industry Insights

7 Recreational Boat Market, by Activity Type7.1 Introduction7.1.1 Cruising + Watersports Segment is Expected to Grow at a Faster Rate Both by Volume and Value7.2 Operational Data7.2.1 Assumptions7.3 Research Methodology7.4 Cruising + Watersports7.4.1 North America is Expected to be the Largest Market for Cruising + Watersports Activities7.5 Fishing7.5.1 North America is Expected to Lead the Fishing Boat Market in Terms of Volume7.6 Key Industry Insights

8 Recreational Boat Market, by Boat Size8.1 Introduction8.1.1 30-50 Feet Segment is Expected to Grow at a Faster Rate by Volume8.2 Operational Data8.2.1 Assumptions8.3 Research Methodology8.4 <_0 feet="feet" />8.4.1 North America is Expected to be the Fastest Growing Market for <_0 feet="feet" boats="boats" by="by" />8.5 30-50 Feet Boats8.5.1 North America is Expected to Lead the 30-50 Ft Boats Market in Terms of Volume8.6 >50 Feet Boats8.6.1 >50 Feet Boat to Lead the Market in Terms of Value8.7 Key Industry Insights

9 Recreational Boat Market, by Material Type9.1 Introduction9.1.1 Aluminum Boats are Estimated to Lead the Market9.2 Operational Data9.2.1 Assumptions9.3 Research Methodology9.4 Aluminum9.4.1 Aluminum Boats to be the Largest Segment due to Lower Cost and High Applicability in Smaller Sized Boats9.5 Steel Boats9.5.1 North America is Estimated to Lead the Steel Boats Market by Volume9.6 Fiberglass Boats9.6.1 Fiberglass Boats to Grow in Demand due to Higher Sailing Stability and More Complex Hull Designs9.7 Others9.7.1 North America is Expected to Lead the Market, by Volume and Value9.8 Key Industry Insights

10 Recreational Boat Market, by Engine Location10.1 Introduction10.1.1 Outboard Boats are Estimated to Lead the Market Both by Value and Volume10.2 Operational Data10.2.1 Assumptions10.3 Research Methodology10.4 Outboard Engine Boats10.4.1 North America and Asia Oceania Will Lead the Outboard Market10.5 Inboard Engine Boats10.5.1 North America Will be the Fastest Growing Region for the Inboard Segment10.6 Others10.6.1 North America is Expected to Lead the Market by Volume10.7 Key Industry Insights

11 Recreational Boat Market, by Engine Type11.1 Introduction11.1.1 Electric Engine Segment is Expected to Grow at a Faster Rate Both by Volume and Value11.2 Operational Data11.2.1 Assumptions11.3 Research Methodology11.4 Ice11.4.1 North America is the Largest Market for Ice Engine Boats by Volume11.5 Electric11.5.1 North America is Expected to Lead the Market in Terms of Volume11.6 Key Industry Insights

12 Recreational Boat Market, by Power Source12.1 Introduction12.1.1 Engine-Powered Boat Segment is Expected to Lead the Market Globally by Volume and Value12.2 Operational Data12.2.1 Assumptions12.3 Research Methodology12.4 Engine-Powered Boats12.4.1 North America and Asia Oceania to Lead the Engine-Powered Boat Market by Volume12.5 Sail-Powered Boats12.5.1 North America is Expected to Lead the Sail-Powered Boat Market in Terms of Volume and Value12.6 Human-Powered Boats12.6.1 North America is Expected to Lead the Human-Powered Recreational Boat Market by Value12.7 Key Industry Insights

13 Recreational Boat Market, by Power Range13.1 Introduction13.1.1 Up to 100 Kw Segment is Estimated to Lead the Market by Value13.2 Operational Data13.2.1 Assumptions13.3 Research Methodology13.4 Up to 100 Kw13.5 100 Kw-200 Kw13.6 Above 200 Kw13.7 Key Industry Insights

14 Recreational Boat Market, by Distribution Channel14.1 Introduction14.2 Boat Dealership14.3 Boat Shows14.4 Online Boat Sales

15 Recreational Boat Market, by Region

16 Competitive Landscape

17 Company Profiles17.1 Key Players17.1.1 Brunswick Corporation17.1.2 Groupe Beneteau17.1.3 Mastercraft Boat Company17.1.4 Malibu Boats17.1.5 Polaris Inc.17.1.6 Azimut Benetti Group17.1.7 Sunseeker International17.1.8 Bombardier Recreational Products17.1.9 Ferretti Group17.1.10 Bass Pro Group17.1.11 Marine Products Corporation17.1.12 Bryton Marine Group17.2 Other Players17.2.1 Yamaha Motor Company17.2.2 Mahindra and Mahindra17.2.3 Catalina Yachts17.2.4 Zodiac Marine (Zodiac Nautic)17.2.5 Island Packet Yachts17.2.6 Hallberg-Rassy17.2.7 Oyster Yachts17.2.8 Winnebago Industries17.2.9 Monterey Boats17.2.10 S2 Yachts17.2.11 Smoker Craft17.2.12 Marquis-Larson Boat Group17.2.13 Ocean Alexander

18 Analyst's Recommendations

19 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/keq9h6

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Global Recreational Boat Market (2021 to 2027) - Expansion of Recreational Boat Manufacturers in Other Parts of the World Presents Opportunities -...