According to the latest report by IMARC Group, titled  “Recreational Boating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.' the global recreational boating market reached a value of US$ 21.3 Billion in 2021. Recreational boating refers to a leisure activity that involves using a boat to travel on water. It includes various activities, such as fishing, sailing, boat racing, cruising, campaigning and other watersports like kayaking and sport fishing. Some commonly used recreational boats include fishing boats, sailboats, jet boats, cabin cruisers and personal watercraft. In recent years, recreational boating has gained popularity among the masses as a fun and pleasure activity. 

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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The global recreational boating market is primarily driven by the expanding watersports tourism industry and growing consumer interest in outdoor recreational activities and watersports. Additionally, several technological advancements in boats and engines to provide a safe and pleasant boating experience have bolstered the market growth. Furthermore, numerous leading players are investing in land-based private islands and offering exclusive beach time to customers as an extension of the onboard experience, which is augmenting the product demand. Other factors, including favorable government initiatives, improving lifestyles, and rising disposable incomes, are also anticipated to impel the market growth. Looking forward, IMARC Group expects the market to reach US$ 28.8 Billion by 2027, exhibiting at a CAGR of 5.57% during 2022-2027.

Competitive Landscape:

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)
Yamaha Motor Company Limited.
Key Market Segmentation:

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)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:                                                           

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.


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