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Pulished Date April, 2021
ID: 9830
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Recreational Boats Market Segmentation By Power (Engine-Powered, Man-Powered, Sail Powered), By Product Type (Inboard Boats, Outboard Boats, Inflatable, Sail Boats, Personal Watercrafts), By Activity Type (Watersports, Cruising, Fishing) - Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2021-2026

Pulished: April, 2021
ID: 9830
Pages: 175

Market Overview:

The global recreational boat market size exceeded USD 43 billion in 2021 and is poised to grow at a CAGR of over 5% between 2021 and 2026. 

The recreational boat is typically designed for the aim of creating the experience of tourism more enjoyable and filled with fun. These boats also are referred to as cabin cruiser boat. People use these boats to enjoy while outing with their families, friends, and colleagues. Materials used for the manufacturing of those boats contain coated fabrics, plastic, and aluminum. They are used for several activities like water sports, camping, fishing, racing, and sailing.

Factors like the expanding pool of high net-worth population, growing tourism, innovations in boat engine, and the expanding economy will aid the market's growing globally. The recreational boat market currently represents a little share the worldwide leisure industry, however, experts foresee significant growth for the market within the coming years. On the downside, its vulnerability to prevailing trends within the worldwide economy often creates obstacles for the global recreational boating market. 

Recent Developments:

· Caterpillar Marine is pleased to spotlight the Cat® C7.1 Propulsion Engine. The latest turbocharged C7.1 platform may be a powerful, compact addition to their high-performance product portfolio. The engine offers superior power to weight ratio, leading to swift reaction time and speedy acceleration.

· The Ferretti 920 (28.49m LOA) features a totally new hull measuring 23.98m, which suggests it are often termed as a recreational craft. The glory of this new maxi flybridge offers an immediate impression. Its dynamic, irrepressible profile evolves the stylistic design features that have led to the international success of recently launched models and have completely modernized the fleet.

Drivers and Restraints of Recreational Boats Market:

Drivers:

Some of the key growth factors of the market are advanced technology, high-tech features, and better consumer confidence. The demand for speed boats and powerboats is predicted to extend as they're used for recreational activities. The need for sailboats is anticipated to continue as these boats are used for travelling and fishing. Sailboats are powered by wind and are cost-effective. Hence, the preference for sailboats is more. Recreational boating market players are getting to add various marine technologies within the pleasure crafts. Global Navigation Satellite System (GNSS) may be a trending technology utilized in the industry. It's basically used for traffic management and surveillance in both inland waters and sea. They are also used in search & rescue and fishing boat control. These advancements are likely to spice up the expansion of the recreational boat market within the next few years. Currently, the market represents a minimal share of the worldwide leisure industry, but, experts suggest that there'll be a significant growth within the recreational boat market within the upcoming years. 

Restraints:

A significant aspect limiting the industry in recent years is the concern for environmental hazards because of recreational boat activities. Increasing use of motorized boats affects the wildlife in water bodies and impacting the water and soil quality. Growing in leaching of disinfectants wont to clean, protect, and operate watercraft is applying the environment flora and fauna. Leaching of those disinfectants pollute the water, leak alkaline or acidic and affecting the wildlife's ability to survive, causing various lethal diseases like mutations, cancer, congenital disabilities, and death.

Market Segmentation:

By Power:

  • Engine-Powered 
  • Man-Powered 
  • Sail Propelled 

Rising innovation in diesel-based recreational boat system is providing a significant outlook for the market. However, the introduction of powerful and efficient diesel-based engines is supporting the adoption of recreational boats. The mixing of rail fuel delivery systems, turbochargers, and exhausts with diesel-based engines are creating new industry trends. Moreover, increasing demand for fuel-efficient and quiet operating engines is strengthening the market revenue.

By Product Type:

  • Inboard Boats 
  • Outboard Boats 
  • Inflatable 
  • Sail Boats
  • Personal Watercrafts

The sailboats segment is predicted to carry a substantial share within the global recreational boat market. These boats are firstly used for travelling and fishing and are powered by wind. These boats also are cost-effective due to which more number of consumers prefer them.

By Activity Type:

  • Watersports 
  • Cruising 
  • Fishing 

Fishing has emerged as a well-liked recreational activity. In terms of size, the global recreational boat market is currently witnessing a considerably high demand for bigger boats. Factors like the implementation of state regulations mandating specific safety standards and installation of life-saving and firefighting equipment are supporting the expansion of this segment.

Recreational Boats Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden 
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

The recreational boating market is predicted to witness considerably high demand from North America. The high income and standard of living of consumers within the region will support the market’s growth within the coming years. Europe in the market is the second largest region owing to its rising tourism activities.

Rising government initiatives across the Asia Pacific are developing opportunities for the recreational boat market. The government authorities’ spending on the development of sailing infrastructure may be a significant factor supporting market growth within the region. Public and personal sectors in countries including Japan, Thailand, China, and Australia are that specialize in creating awareness among the population to support the market growth. Moreover, government water tourism awareness programs in these regions are creating various opportunities for the market.

Key Players of Market:

Some of the key players in the recreational boating market include Caterpillar Incorporated, Azimut-Benetti, Ferretti, Carlisle Paddles, Avon Inflatables, Brunswick Corporation, Rodriguez, Bombardier Recreational Products Incorporated, Bavarian, Sealine Attwood, Zodiac Marine & Pool, Platinum Equity, Baja Marine, Suzuki Motor Corporation, Princess, Group Beneteau, Sunseeker, and Azimut-Benetti. Others key players in the market are Yamaha Motor Company Limited, Kawasaki Heavy Industries Limited, KCS International Incorporated, Honda Motor Company Limited, Poly Marquis Yach, Tognum AG, Hydra-Sports Boat, Godfrey Marine, Crusader Marine Engines, General Motors Company, Pleasurecraft Engine Group, Interphase Technologies, and Fountain Powerboat Industries Incorporated.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Recreational Boats Market, By Power          

                    6.1.1 Engine-Powered       

                    6.1.2 Man-Powered

                    6.1.3 Sail Powered  

                    6.1.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.5 Y-o-Y Growth Rate Analysis         

                    6.1.6 Market Attractiveness Index         

          6.2 Recreational Boats Market, By Product Type                   

                    6.2.1 Inboard Boats

                    6.2.2 Outboard Boats       

                    6.2.3 Inflatable       

                    6.2.4 Sail Boats      

                    6.2.5 Personal Watercrafts

                    6.2.6 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.7 Y-o-Y Growth Rate Analysis         

                    6.2.8 Market Attractiveness Index         

          6.3 Recreational Boats Market, By Activity Type          

                    6.3.1 Watersports   

                    6.3.2 Cruising         

                    6.3.3 Fishing

                    6.3.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.5 Y-o-Y Growth Rate Analysis         

                    6.3.6 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Power       

                    7.2.3 By Product Type       

                    7.2.4 By Activity Type       

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Power       

                    7.3.3 By Product Type       

                    7.3.4 By Activity Type       

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Power       

                    7.4.3 By Product Type       

                    7.4.4 By Activity Type       

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Power       

                    7.5.3 By Product Type       

                    7.5.4 By Activity Type       

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Power       

                    7.6.3 By Product Type       

                    7.6.4 By Activity Type       

8. Key Player Analysis                           

          8.1 Caterpillar Incorporated                   

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Azimut-Benetti           

          8.3 Ferretti             

          8.4 Carlisle Paddles          

          8.5 Avon Inflatables          

          8.6 Brunswick Corporation          

          8.7 Rodriguez                   

          8.8 Bombardier Recreational Products Incorporated              

          8.9 Bavarian           

          8.10 Sealine Attwood                  

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms By Cutting Systems and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Recreational Boats Market By Region, From 2021-2026 ( USD Billion )
  2. Global Recreational Boats Market By Power, From 2021-2026 ( USD Billion )
  3. Global Engine-Powered Market By Region, From 2021-2026 ( USD Billion )
  4. Global Man-Powered Market By Region, From 2021-2026 ( USD Billion )
  5. Global Sail Powered Market By Region, From 2021-2026 ( USD Billion )
  6. Global Recreational Boats Market By Product Type, From 2021-2026 ( USD Billion )
  7. Global Inboard Boats Market By Region, From 2021-2026 ( USD Billion )
  8. Global Outboard Boats Market By Region, From 2021-2026 ( USD Billion )
  9. Global Inflatable Market By Region, From 2021-2026 ( USD Billion )
  10. Global Sail Boats Market By Region, From 2021-2026 ( USD Billion )
  11. Global Personal Watercrafts Market By Region, From 2021-2026 ( USD Billion )
  12. Global Recreational Boats Market By Actiivity Type, From 2021-2026 ( USD Billion )
  13. Global Watersports Market By Region, From 2021-2026 ( USD Billion )
  14. Global Cruising Market By Region, From 2021-2026 ( USD Billion )
  15. Global Fishing Market By Region, From 2021-2026 ( USD Billion )

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