Recreational Boating Market Size By Product (Inboard Boats, Outboard Boats), By Type (Center Console, Express Cruiser, Pontoon, Runabout Bowrider), By Horsepower, Engine & Global Forecast, 2023

Description

Global Recreational Boating Market is poised to record robust growth from 2023 to 2032, driven by the increasing demand for leisure activities and rising tourism.

As more people seek unique travel experiences and explore coastal and inland waterways, the demand for recreational boats and watercraft is poised to grow. The boating industry caters to tourists looking for recreational activities such as fishing, cruising, water sports, and sightseeing. A favorable prognosis for the recreational boating sector is anticipated with the revival of tourism and travel.

Furthermore, governments across several economies are making significant investments in infrastructure improvement and marketing to attract visitors, thus, increasing demand for leisure activities such as boating and supporting industry growth. For instance, in December 2022, the Sri Lanka Land Reclamation and Development Corporation launched a recreational boat service to establish the nation as a major recreational boating destination.

With the growing inclination towards sustainability and eco-friendliness, businesses are focusing on producing and promoting environmentally responsible products and services, appealing to an increasing number of environmentally concerned consumers. Furthermore, the development of new technologies, such as electric and hybrid propulsion systems, superior navigation and communication systems, and enhanced safety features, that improve the boating experience, will create lucrative growth opportunities through 2032.

The recreational boating industry is divided based on engine, product, and region.

As per engine, , the recreational boating industry share is expected to amass commendable gains from the gas engines segment. Gas engines are less expensive and require less maintenance than diesel engines. Boaters who value speed and acceleration above fuel efficiency tend to prefer petrol engines. Additionally, gas engines have a bigger network of service providers, which facilitates maintenance and repairs and increases their appeal.

The market size from the inflatables segment is anticipated to grow significantly through 2032 due to the mobility, adaptability, and affordability of inflatable recreational boats. These boats are increasingly portable and practical since they are lightweight and simple to inflate, deflate, and pack into a tiny area. These are utilized for a range of activities, including cruising, watersports, and fishing. Moreover, the relatively lower prices of these boats compared to their conventional counterparts will propel the segment gains.

Europe recreational boating industry exhibited substantial growth in 2022 and is estimated to amass USD 10 billion by the end of 2032. The regional growth can be attributed to the increasing adoption of autonomous boats and the advancements in autonomous marine technology. Furthermore, the growing demand for safer, more efficient, and sustainable boating solutions will positively influence the industry landscape over 2023-2032.

Product Code: 2076

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Recreational boating market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Product trends
2.5 Engine trends

Chapter 3 Recreational Boating Industry Insights

3.1 COVID-19 impact
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
- 3.3.1 Raw material suppliers
- 3.3.2 Manufacturers
- 3.3.3 Distribution channel analysis
- 3.3.4 End-use landscape
- 3.3.5 Profit margin analysis
- 3.3.6 Vendor matrix
3.4 Technology & innovation landscape
- 3.4.1 Assisted digital docking
- 3.4.2 Autonomous navigation system
- 3.4.3 Smart infotainment system
- 3.4.4 Electric recreational boats
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Pricing analysis
3.8 Regulatory landscape
- 3.8.1 North America
- 3.8.2 Europe
- 3.8.3 Asia Pacific
- 3.8.4 Latin America
- 3.8.5 MEA
3.9 Impact forces
- 3.9.1 Growth drivers
  - 3.9.1.1 Proliferation of recreational boating and water sports activities globally
  - 3.9.1.2 Increasing government support for boating industry in Canada & Australia
  - 3.9.1.3 Growing demand for advanced technologies in recreational boats
  - 3.9.1.4 Rise in popularity of watersports and marine leisure in Asia Pacific
  - 3.9.1.5 Positive outlook of tourism industry in Middle East & European countries
- 3.9.2 Industry pitfalls & challenges
  - 3.9.2.1 High initial cost of recreational boats
  - 3.9.2.2 Increasing fatalities and injuries
3.10 Growth potential analysis
3.11 Porter's analysis
3.12 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Brunswick Corporation
- 4.3.2 Yamaha
- 4.3.3 Groupe BENETEAU
- 4.3.4 Malibu Boats, Inc.
- 4.3.5 Polaris Inc.
- 4.3.6 Ferretti S.P.A.
- 4.3.7 MasterCraft Boat Company, Inc.
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Recreational Boating Market, By Product (Revenue & Shipments)

5.1 Key trends, by product
5.2 Inboard Boats
- 5.2.1 Market estimates and forecast, 2018 - 2032
- 5.2.2 Market estimates and forecast, by horsepower, 2018 - 2032
- 5.2.3 Below 200 hp
  - 5.2.3.1 Market estimates and forecast, 2018 - 2032
- 5.2.4 201 to 500 hp
  - 5.2.4.1 Market estimates and forecast, 2018 - 2032
- 5.2.5 501 to 1000 hp
  - 5.2.5.1 Market estimates and forecast, 2018 - 2032
- 5.2.6 Above 1000 hp
  - 5.2.6.1 Market estimates and forecast, 2018 - 2032
5.3 Outboard Boats
- 5.3.1 Market estimates and forecast, 2018 - 2032
- 5.3.2 Market estimates and forecast, by type, 2018 - 2032
- 5.3.3 Center console
  - 5.3.3.1 Market estimates and forecast, 2018 - 2032
- 5.3.4 Express cruiser
  - 5.3.4.1 Market estimates and forecast, 2018 - 2032
- 5.3.5 Pontoon
  - 5.3.5.1 Market estimates and forecast, 2018 - 2032
- 5.3.6 Runabout bowrider
  - 5.3.6.1 Market estimates and forecast, 2018 - 2032
- 5.3.7 Others
  - 5.3.7.1 Market estimates and forecast, 2018 - 2032
- 5.3.8 Market estimates and forecast, by horsepower,2018 - 2032
- 5.3.9 Below 200 hp
  - 5.3.9.1 Market estimates and forecast, 2018 - 2032
- 5.3.10 201 hp to 500 hp
  - 5.3.10.1 Market estimates and forecast, 2018 - 2032
- 5.3.11 501 hp to 1000 hp
  - 5.3.11.1 Market estimates and forecast, 2018 - 2032
- 5.3.12 Above 1000 hp
  - 5.3.12.1 Market estimates and forecast, 2018 - 2032
5.4 Inflatables
- 5.4.1 Market estimates and forecast, 2018 - 2032
- 5.4.2 Market estimates and forecast, by horsepower,2018 - 2032
- 5.4.3 Below 200 hp
  - 5.4.3.1 Market estimates and forecast, 2018 - 2032
- 5.4.4 201 hp to 500 hp
  - 5.4.4.1 Market estimates and forecast, 2018 - 2032

Chapter 6 Recreational Boating Market, By Engine (Revenue & Shipments)

6.1 Key trends, by engine
6.2 Diesel
- 6.2.1 Market estimates and forecast, 2018 - 2032
6.3 Gas
- 6.3.1 Market estimates and forecast, 2018 - 2032

Chapter 7 Recreational Boating Market, By Region (Revenue & Shipments)

7.1 Key trends, by region
7.2 North America
- 7.2.1 Market estimates and forecast, by product, 2018 - 2032
  - 7.2.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
- 7.2.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.2.3 U.S.
  - 7.2.3.1 Market estimates and forecast, by product, 2018 - 2032
    - 7.2.3.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.2.3.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.2.4 Canada
  - 7.2.4.1 Market estimates and forecast, by product, 2018 - 2032
    - 7.2.4.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.2.4.2 Market estimates and forecast, by engine, 2018 - 2032
7.3 Europe
- 7.3.1 Market estimates and forecast, by product, 2018 - 2032
  - 7.3.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
- 7.3.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.3.3 UK
  - 7.3.3.1 Market estimates and forecast, by product, 2018 - 2032
    - 7.3.3.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.3.3.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.3.4 Germany
  - 7.3.4.1 Market estimates and forecast, by product, 2018 - 2032
    - 7.3.4.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.3.4.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.3.5 France
  - 7.3.5.1 Market estimates and forecast, by product, 2018 - 2032
    - 7.3.5.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.3.5.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.3.6 Italy
  - 7.3.6.1 Market estimates and forecast, by product, 2018 - 2032
    - 7.3.6.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.3.6.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.3.7 Spain
  - 7.3.7.1 Market estimates and forecast, by product, 2018 - 2032
    - 7.3.7.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.3.7.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.3.8 Norway
  - 7.3.8.1 Market estimates and forecast, by product, 2018 - 2032
    - 7.3.8.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.3.8.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.3.9 Finland
  - 7.3.9.1 Market estimates and forecast, by product, 2018 - 2032
    - 7.3.9.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.3.9.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.3.10 Sweden
  - 7.3.10.1 Market estimates and forecast, by product, 2018 - 2032
    - 7.3.10.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.3.10.2 Market estimates and forecast, by engine, 2018 - 2032
7.4 Asia Pacific
- 7.4.1 Market estimates and forecast, by product, 2018 - 2032
  - 7.4.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
- 7.4.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.4.3 China
  - 7.4.3.1 Market estimates and forecast, by product, 2018 - 2032
    - 7.4.3.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.4.3.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.4.4 India
  - 7.4.4.1 Market estimates and forecast, by product, 2018 - 2032
    - 7.4.4.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.4.4.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.4.5 Japan
  - 7.4.5.1 Market estimates and forecast, by product, 2018 - 2032
    - 7.4.5.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.4.5.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.4.6 Australia
  - 7.4.6.1 Market estimates and forecast, by product, 2018 - 2032
  - 7.4.6.2 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.4.6.3 Market estimates and forecast, by engine, 2018 - 2032
7.5 Latin America
- 7.5.1 Market estimates and forecast, by product, 2018 - 2032
  - 7.5.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
- 7.5.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.5.3 Brazil
  - 7.5.3.1 Market estimates and forecast, by product, 2018 - 2032
    - 7.5.3.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.5.3.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.5.4 Mexico
  - 7.5.4.1 Market estimates and forecast, by product, 2018 - 2032
    - 7.5.4.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.5.4.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.5.5 Argentina
  - 7.5.5.1 Market estimates and forecast, by product, 2018 - 2032
    - 7.5.5.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.5.5.2 Market estimates and forecast, by engine, 2018 - 2032
7.6 MEA
- 7.6.1 Market estimates and forecast, by product, 2018 - 2032
  - 7.6.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
- 7.6.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.6.3 UAE
  - 7.6.3.1 Market estimates and forecast, by product, 2018 - 2032
    - 7.6.3.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.6.3.2 Market estimates and forecast, by engine, 2018 - 2032
- 7.6.4 South Africa
  - 7.6.4.1 Market estimates and forecast, by product, 2018 - 2032
    - 7.6.4.1.1 Market estimates and forecast, by horsepower, 2018 - 2032
  - 7.6.4.2 Market estimates and forecast, by engine, 2018 - 2032

Chapter 8 Company Profiles

8.1 Boat Manufacturers
- 8.1.1 American Sail Inc.
  - 8.1.1.1 Business Overview
  - 8.1.1.2 Financial Data
  - 8.1.1.3 Product Landscape
  - 8.1.1.4 Strategic Outlook
  - 8.1.1.5 SWOT Analysis
- 8.1.2 Bavaria Yachtbau
  - 8.1.2.1 Business Overview
  - 8.1.2.2 Financial Data
  - 8.1.2.3 Product Landscape
  - 8.1.2.4 Strategic Outlook
  - 8.1.2.5 SWOT Analysis
- 8.1.3 Brunswick Corporation
  - 8.1.3.1 Business Overview
  - 8.1.3.2 Financial Data
  - 8.1.3.3 Product Landscape
  - 8.1.3.4 Strategic Outlook
  - 8.1.3.5 SWOT Analysis
- 8.1.4 Correct Craft
  - 8.1.4.1 Business Overview
  - 8.1.4.2 Financial Data
  - 8.1.4.3 Product Landscape
  - 8.1.4.4 Strategic Outlook
  - 8.1.4.5 SWOT Analysis
- 8.1.5 Grady-White Boats, Inc.
  - 8.1.5.1 Business Overview
  - 8.1.5.2 Financial Data
  - 8.1.5.3 Product Landscape
  - 8.1.5.4 Strategic Outlook
  - 8.1.5.5 SWOT Analysis
- 8.1.6 Groupe Beneteau
  - 8.1.6.1 Business Overview
  - 8.1.6.2 Financial Data
  - 8.1.6.3 Product Landscape
  - 8.1.6.4 Strategic Outlook
  - 8.1.6.5 SWOT Analysis
- 8.1.7 Malibu Boats
  - 8.1.7.1 Business Overview
  - 8.1.7.2 Financial Data
  - 8.1.7.3 Product Landscape
  - 8.1.7.4 Strategic Outlook
  - 8.1.7.5 SWOT Analysis
- 8.1.8 Kwang Yang Motor Co., Ltd.
  - 8.1.8.1 Business Overview
  - 8.1.8.2 Financial Data
  - 8.1.8.3 Product Landscape
  - 8.1.8.4 Strategic Outlook
  - 8.1.8.5 SWOT Analysis
- 8.1.9 Marine Products Corporation
  - 8.1.9.1 Business Overview
  - 8.1.9.2 Financial Data
  - 8.1.9.3 Product Landscape
  - 8.1.9.4 Strategic Outlook
  - 8.1.9.5 SWOT Analysis
- 8.1.10 MasterCraft Boat Company, LLC
  - 8.1.10.1 Business Overview
  - 8.1.10.2 Financial Data
  - 8.1.10.3 Product Landscape
  - 8.1.10.4 Strategic Outlook
  - 8.1.10.5 SWOT Analysis
- 8.1.11 Maverick Boat Group, Inc.
  - 8.1.11.1 Business Overview
  - 8.1.11.2 Financial Data
  - 8.1.11.3 Product Landscape
  - 8.1.11.4 Strategic Outlook
  - 8.1.11.5 SWOT Analysis
- 8.1.12 Monterey Boats
  - 8.1.12.1 Business Overview
  - 8.1.12.2 Financial Data
  - 8.1.12.3 Product Landscape
  - 8.1.12.4 Strategic Outlook
  - 8.1.12.5 SWOT Analysis
- 8.1.13 Porter Inc.(Formula Boats)
  - 8.1.13.1 Business Overview
  - 8.1.13.2 Financial Data
  - 8.1.13.3 Product Landscape
  - 8.1.13.4 Strategic Outlook
  - 8.1.13.5 SWOT Analysis
- 8.1.14 Polaris, Inc.
  - 8.1.14.1 Business Overview
  - 8.1.14.2 Financial Data
  - 8.1.14.3 Product Landscape
  - 8.1.14.4 Strategic Outlook
  - 8.1.14.5 SWOT Analysis
- 8.1.15 The Rossiter Boat Company
  - 8.1.15.1 Business Overview
  - 8.1.15.2 Financial Data
  - 8.1.15.3 Product Landscape
  - 8.1.15.4 Strategic Outlook
  - 8.1.15.5 SWOT Analysis
- 8.1.16 Yamaha Motor Corporation
  - 8.1.16.1 Business Overview
  - 8.1.16.2 Financial Data
  - 8.1.16.3 Product Landscape
  - 8.1.16.4 Strategic Outlook
  - 8.1.16.5 SWOT Analysis
8.2 Engine manufacturers
- 8.2.1 Honda
  - 8.2.1.1 Business Overview
  - 8.2.1.2 Financial Data
  - 8.2.1.3 Product Landscape
  - 8.2.1.4 Strategic Outlook
  - 8.2.1.5 SWOT Analysis
- 8.2.2 Mercury
  - 8.2.2.1 Business Overview
  - 8.2.2.2 Financial Data
  - 8.2.2.3 Product Landscape
  - 8.2.2.4 Strategic Outlook
  - 8.2.2.5 SWOT Analysis
- 8.2.3 Volvo Penta
  - 8.2.3.1 Business Overview
  - 8.2.3.2 Financial Data
  - 8.2.3.3 Product Landscape
  - 8.2.3.4 Strategic Outlook
  - 8.2.3.5 SWOT Analysis
- 8.2.4 Yamaha Motor Corporation
  - 8.2.4.1 Business Overview
  - 8.2.4.2 Financial Data
  - 8.2.4.3 Product Landscape
  - 8.2.4.4 Strategic Outlook
  - 8.2.4.5 SWOT Analysis

Recreational Boating Market Size By Product (Inboard Boats, Outboard Boats), By Type (Center Console, Express Cruiser, Pontoon, Runabout Bowrider), By Horsepower, Engine & Global Forecast, 2023 - 2032