Market Research Report
Recreational Boating Market by Power, Product Type, Activity Type and Size : Global Opportunity Analysis and Industry Forecast, 2020-2027
|Recreational Boating Market by Power, Product Type, Activity Type and Size : Global Opportunity Analysis and Industry Forecast, 2020-2027|
Published: June 9, 2021
Allied Market Research
Content info: 288 Pages
Delivery time: 2-3 business days
Recreational boating is referred to an activity of traveling on a lake, river or coastal area in a recreational boat for pleasure. It is done using a boat whether powerboats, sailboats, or man-powered vessels such as rowing and paddle boats. They are used for several activities such as water sports, camping, fishing, boat racing, sailing, and cruising. Recreational boating is usually done for the purpose of making the experience of tourism more enjoyable. Recreational boats, also known as pleasure crafts, are available in different types, including, towboats, sailboat, fishing boat, pontoon boats, and cabin cruisers.
The factors, such as growing interest toward recreational water sport activities and rising water-based tourism, are anticipated to drive the market growth. However, high initial & ownership cost of recreational boats and environmental concerns associated with recreational boating are expected to hinder the market growth. Further, technological advancement in boats & boat engines and growing high net-worth population are some of the factors expected to offer lucrative opportunities for the market growth during the forecast period.
The market is segmented on the basis of power, product type, activity type, size, and region. By power, it is classified into engine powered, man powered, and sail propelled. By product type, it is divided into inboard boats, outboard boats, inflatable, sail boats, and personal watercrafts. On the basis of activity type, the market is categorized into watersports & cruising and fishing. By size, it is bifurcated into less than 30 ft, 30 to 59 ft, 60 to 79 ft, 80 to 99 ft, more than 100 ft, and full custom. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the recreational boating market are Azimut Benetti Group, Brunswick Corporation, Groupe Beneteau, Hobie Cat Company, Marine Products Corporation, Mastercraft Boat Holdings, Inc, Polaris Inc, Sunseeker International Limited, White River Marine Group, and Yamaha Motor Co., Ltd.
COVID-19 Impact Analysis:
By Product Type
By Activity Type