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PUBLISHER: IMARC | PRODUCT CODE: 1390840
PUBLISHER: IMARC | PRODUCT CODE: 1390840
Recreational Boating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
The global recreational boating market size reached US$ 22.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.60% during 2022-2028.
Recreational boating is a leisure activity wherein boat is used to travel on water. It includes boat racing, campaigning, sailing, fishing, and other sports games, such as kayaking and sports fishing. It is caried out using recreational boats that are man, sail, or engine powered. Some of the commonly used boats for recreational boating include towboats, runabouts, fishing boats, sailboats, sterndrive powerboats, pontoon boats, jet boats, propulsion systems, personal watercraft, and cabin cruisers.
Recreational Boating Market Trends:
Significant expansion of the watersports tourism industry around the world represents one of the key factors propelling the growth of the market. Apart from this, rising attraction towards outdoor recreational activities and watersports, especially among millennial and post-millennial populations, is positively influencing the market. This can also be accredited to a wide range of diversified advantages associated with recreational activities, which include reducing stress, developing personal growth, enhancing life satisfaction, and improving physical health, self-esteem, and self-reliance. In addition, leading market players are introducing electric personnel boats for clean and silent recreational activities. They are also investing in land-based private islands that enable cruise lines to provide customers with exclusive beach time as an extension of the onboard experience. This, along with several technological advancements in boats and engines to provide a safe and pleasant experience to individuals worldwide, is creating a favorable market. Besides this, there is a rise in the popularity of sport fishing and motorized watersports, such as sailing, jet-skiing, and yachting activities, across the globe. This, in confluence with the increasing initiatives undertaken by governing agencies of various countries to promote water sports, is projected to drive the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global recreational boating market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, activity type, material type, size and power source.
Breakup by Product Type:
Inboard Boats
Outboard Boats
Inflatable
Sail Boats
Personal Watercrafts
Breakup by Activity Type:
Watersports and Cruising
Fishing
Breakup by Material Type:
Aluminum
Fiberglass
Wood
Others
Breakup by Size:
Less Than 30 Ft
30 to 59 Ft
60 to 79 Ft
80 to 99 Ft
More Than 100 Ft
Full Custom
Breakup by Power Source:
Engine Powered
Human Powered
Sail Propelled
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Baja Bound Insurance Services Inc., Brunswick Corporation, Catalina Yachts, Chaparral Boats Inc. (Marine Products Corporation), Edenton Boatworks LLC, Grady-White Boats Inc., Hobie CAT Company, MasterCraft Boat Holdings Inc., Maverick Boat Group Inc. (Malibu Boats), Polaris Inc., White River Marine Group (Bass Pro Shops) and Yamaha Motor Company Limited.
Key Questions Answered in This Report:
- How has the global recreational boating market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global recreational boating market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the activity type?
- What is the breakup of the market based on the material type?
- What is the breakup of the market based on the size?
- What is the breakup of the market based on the power source?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global recreational boating market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A4713
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Recreational Boating Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Inboard Boats
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Outboard Boats
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Inflatable
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Sail Boats
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Personal Watercrafts
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Activity Type
- 7.1 Watersports and Cruising
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Fishing
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Material Type
- 8.1 Aluminum
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Fiberglass
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Wood
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Size
- 9.1 Less Than 30 Ft
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 30 to 59 Ft
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 60 to 79 Ft
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 80 to 99 Ft
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 More Than 100 Ft
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Full Custom
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
10 Market Breakup by Power Source
- 10.1 Engine Powered
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Human Powered
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Sail Propelled
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.1.1 United States
- 11.2 Asia-Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.2.1 China
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.3.1 Germany
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.4.1 Brazil
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 Baja Bound Insurance Services Inc.
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.2 Brunswick Corporation
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.2.3 Financials
- 16.3.2.4 SWOT Analysis
- 16.3.3 Catalina Yachts
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.3.3 Financials
- 16.3.3.4 SWOT Analysis
- 16.3.4 Chaparral Boats Inc. (Marine Products Corporation)
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.5 Edenton Boatworks LLC
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.6 Grady-White Boats Inc.
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.7 Hobie CAT Company
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.8 MasterCraft Boat Holdings Inc.
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.8.3 Financials
- 16.3.9 Maverick Boat Group Inc. (Malibu Boats)
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.10 Polaris Inc.
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.10.3 Financials
- 16.3.10.4 SWOT Analysis
- 16.3.11 White River Marine Group (Bass Pro Shops)
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.12 Yamaha Motor Company Limited
- 16.3.12.1 Company Overview
- 16.3.12.2 Product Portfolio
- 16.3.12.3 Financials
- 16.3.12.4 SWOT Analysis
- 16.3.1 Baja Bound Insurance Services Inc.
Product Code: SR112023A4713
List of Figures
- Figure 1: Global: Recreational Boating Market: Major Drivers and Challenges
- Figure 2: Global: Recreational Boating Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Recreational Boating Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Recreational Boating Market: Breakup by Product Type (in %), 2022
- Figure 5: Global: Recreational Boating Market: Breakup by Activity Type (in %), 2022
- Figure 6: Global: Recreational Boating Market: Breakup by Material Type (in %), 2022
- Figure 7: Global: Recreational Boating Market: Breakup by Size (in %), 2022
- Figure 8: Global: Recreational Boating Market: Breakup by Power Source (in %), 2022
- Figure 9: Global: Recreational Boating Market: Breakup by Region (in %), 2022
- Figure 10: Global: Recreational Boating (Inboard Boats) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Recreational Boating (Inboard Boats) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Recreational Boating (Outboard Boats) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Recreational Boating (Outboard Boats) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Recreational Boating (Inflatable) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Recreational Boating (Inflatable) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Recreational Boating (Sail Boats) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Recreational Boating (Sail Boats) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Recreational Boating (Personal Watercrafts) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Recreational Boating (Personal Watercrafts) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Recreational Boating (Watersports and Cruising) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Recreational Boating (Watersports and Cruising) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Recreational Boating (Fishing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Recreational Boating (Fishing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Recreational Boating (Aluminum) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Recreational Boating (Aluminum) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Recreational Boating (Fiberglass) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Recreational Boating (Fiberglass) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Recreational Boating (Wood) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Recreational Boating (Wood) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Recreational Boating (Other Material Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Recreational Boating (Other Material Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Recreational Boating (Less Than 30 Ft) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Recreational Boating (Less Than 30 Ft) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Recreational Boating (30 to 59 Ft) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Recreational Boating (30 to 59 Ft) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Recreational Boating (60 to 79 Ft) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Recreational Boating (60 to 79 Ft) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Global: Recreational Boating (80 to 99 Ft) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Global: Recreational Boating (80 to 99 Ft) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Global: Recreational Boating (More Than 100 Ft) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Global: Recreational Boating (More Than 100 Ft) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Global: Recreational Boating (Full Custom) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Global: Recreational Boating (Full Custom) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Global: Recreational Boating (Engine Powered) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Global: Recreational Boating (Engine Powered) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Global: Recreational Boating (Human Powered) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Global: Recreational Boating (Human Powered) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Global: Recreational Boating (Sail Propelled) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Global: Recreational Boating (Sail Propelled) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: North America: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: North America: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: United States: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: United States: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Canada: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Canada: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Asia-Pacific: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Asia-Pacific: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: China: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: China: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Japan: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Japan: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: India: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: India: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: South Korea: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: South Korea: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Australia: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Australia: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Indonesia: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Indonesia: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Europe: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Europe: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Germany: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Germany: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: France: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: France: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: United Kingdom: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: United Kingdom: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Italy: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Italy: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Spain: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Spain: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Russia: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 85: Russia: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Others: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 87: Others: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 88: Latin America: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 89: Latin America: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 90: Brazil: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 91: Brazil: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 92: Mexico: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 93: Mexico: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 94: Others: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 95: Others: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 96: Middle East and Africa: Recreational Boating Market: Sales Value (in Million US$), 2017 & 2022
- Figure 97: Middle East and Africa: Recreational Boating Market: Breakup by Country (in %), 2022
- Figure 98: Middle East and Africa: Recreational Boating Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 99: Global: Recreational Boating Industry: SWOT Analysis
- Figure 100: Global: Recreational Boating Industry: Value Chain Analysis
- Figure 101: Global: Recreational Boating Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Recreational Boating Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Recreational Boating Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Recreational Boating Market Forecast: Breakup by Activity Type (in Million US$), 2023-2028
- Table 4: Global: Recreational Boating Market Forecast: Breakup by Material Type (in Million US$), 2023-2028
- Table 5: Global: Recreational Boating Market Forecast: Breakup by Size (in Million US$), 2023-2028
- Table 6: Global: Recreational Boating Market Forecast: Breakup by Power Source (in Million US$), 2023-2028
- Table 7: Global: Recreational Boating Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 8: Global: Recreational Boating Market: Competitive Structure
- Table 9: Global: Recreational Boating Market: Key Players
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