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Recreational Boats Market by Boat Type, Power Source, Activity Type, Distribution Channel, and Region - Global Forecast to 2027

  • ID: 4771285
  • Report
  • May 2019
  • Region: Global
  • 122 Pages
  • Markets and Markets
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The Recreational Boats Market is Projected to Grow From USD 26.7 Billion in 2019 to USD 33.7 Billion by 2027 at a CAGR of 3.02%

FEATURED COMPANIES

  • Azimut Benetti Group
  • Bennington Marine LLC
  • Catalina Yachts
  • Godfrey Pontoon Group
  • Hobie CAT Company
  • Mahindra Odyssea
  • MORE

Rising disposable income has resulted in an increase in leisure spending such as the purchase of recreational boats. The recreational boats can be used for conducting different activities like watersports, sailing, fishing, and cruising.

High consumer confidence towards the growth of technology and high features getting inducted in the boats are some of the major factors which will drive the recreational boats market. Strict pollution norms with respect to recreational boats is a major obstacle for the growth in regions like Europe and North America.

Outboard boat types are expected to be the largest selling boats and will continue in the future till 2027

Outboard boats have a lot of advantages over other boat types such as easy access of engine mounting, more spacious deck area, etc., and thus give benefits such as cost-effectiveness, easy maintenance, and easy serviceability with high reliability. Outboard boats are available with a wide range of engines (V6 to V8) depending upon the user preference.

Cruising + Watersports activity is forecasted to be the largest activity type preferred by the boaters

It has been observed that regions like Asia Oceania (Australia, New Zealand and China) are preferring more adventure and sports activities (Offshore and Onshore). It has been assumed that this activity provides a lot of health benefits like stress-relieving, greater physical activity etc.  Efforts are also being taken by the developing countries like India to promote these activities to boost the tourism.

Asia Oceania is the largest market for recreational boats, followed by North America

Chinese economic growth is stable and transition to the service led economy is supporting the rising income of the people and hence the Chinese boating segment has promising growth in the future. Other Asian countries such as Japan, Korea, and India are showcasing promising growth for the years 2017-2018 and will continue till 2027. The Asian market is a production hub for the European and North American manufacturers. In Australia and New Zealand, local demand for foreign-made boats has been rising because the domestic manufacturers are struggling to compete with the international players. Maximum imports were led by inboard boats from the US, the UK, and Italy and outboard boats from the US and France. Germany is exporting sailboats to Australia and New Zealand.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, and other technology directors, and executives from various key organizations operating in the automotive marketplace.

  • By Company Type:  Tier I - 20%, Tier II- 20%, OEM - 60%,
  • By Designation: C level - 50%, Director Level- 30%, Others- 20%
  • By Region: Asia Pacific - 10%, Europe - 35%, North America - 55%

Note: Others includes sales, marketing, and product managers.
Tier I are system suppliers to OEM, Tier II are component suppliers to Tier I, and OEMs are vehicle manufacturers.

The study includes an in-depth competitive analysis of these key players in the recreational boats market, with their company profiles, SWOT analysis of the top 5 companies, recent developments, and key market strategies.

Research Coverage

The recreational boats market has been segmented on the basis of activity type (cruising and watersports, fishing), boat type (outboard boats, inboard/stern type boats, personal watercraft boats, sailboats/ yachts, inflatable boats), power source (engine-powered, human-powered, sail-powered), distribution channel (boat dealers, boat shows, online channels) and region [Asia Pacific (China, Japan, South Korea, India, Australia, New Zealand), Europe (UK, Germany, France, Spain, UK and Italy), and North America (US, Canada, and Mexico), and Rest of the world (Brazil and Russia).

Key Benefits of Buying the Report:

This report provides insights with reference to the following points:

  • Market Size, by boat type category: The report offers in-depth market sizing and forecast up to 2027 in terms of value, by boat type (outboard boats, inboard/stern type boats, personal watercraft boats, sailboats/ yachts, inflatable boats).
  • Market Size, by activity type: The report offers in-depth market sizing and forecast up to 2027 in terms of value, by activity type (Cruising+watersports, fishing).
  • The report provides “competitive leadership mapping” that profiles key players as visionary leaders, innovators, dynamic differentiators, and emerging companies.
  • The report also provides “Revenue Impact” section that helps the recreational boats manufacturers to understand the key impacting factors for recreational boats market.
  • Market Development: The report provides comprehensive information about lucrative emerging markets for recreational boats market across regions.
  • Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the recreational boats market.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Azimut Benetti Group
  • Bennington Marine LLC
  • Catalina Yachts
  • Godfrey Pontoon Group
  • Hobie CAT Company
  • Mahindra Odyssea
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Covered
1.3.2 Years Considered for Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.2.1 Key Secondary Sources
2.2.2 Key Data From Secondary Sources
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.5 Data Triangulation
2.6 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Global Recreational Boats Market, 2019 vs. 2027 (USD Million)
4.2 Global Recreational Boats Market, By Region, 2019 (USD Million)
4.3 Global Recreational Boats Market, By Country (In %)
4.4 Global Recreational Boats Market, By Activity Type, 2019 vs. 2027 (USD Million)
4.5 Global Recreational Boats Market, By Boat Type, 2019 vs. 2027 (USD Million)
4.6 Global Recreational Boats Market, By Power Source, 2019 vs. 2027 (USD Million)

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth in the GDP and Disposable Income
5.2.1.2 Increasing Number of Boat Shows and Tournaments
5.2.1.3 Integration of New Technologies in the Boats
5.2.2 Restraints
5.2.2.1 Attracting New Families and Youngsters to Purchase A New Boat
5.2.2.2 Strict Pollution Norms for Recreational Boats
5.2.3 Opportunities
5.2.3.1 Growing Demand for Outboard Boats
5.2.3.2 Retrofitting and Maintenance of Boats
5.2.4 Challenges
5.2.4.1 Trade Barriers Between Different Regions
5.2.4.2 Finding Qualified and Experienced Technicians

6 Industry Trends
6.1 Introduction
6.2 Technology Overview
6.2.1 Recreational Boats Evolution
6.2.2 More Sophisticated Electronics for Both Navigation and Entertainment
6.2.3 Adoption of Digital Controls in Boats Engines
6.2.4 Move Towards Automated Systems for Manufacturing
6.2.5 Assisted Docking System
6.3 Porter’s Five Forces
6.4 Value Chain Analysis

7 Recreational Boats Market, By Distribution Channel
7.1 Observations (Dealers, Boat Shows, and Online Medium for Sales of Recreational Boats)

8 Recreational Boats Market, By Boat Type
8.1 Introduction
8.2 Research Methodology
8.3 Key Industry Insights
8.3.1 Outboard Boats are Estimated to Lead the Market Both By Value and Volume
8.4 Outboard Boats
8.4.1 North America is Expected to Lead the Outboard Market By Volume and Value
8.5 Inboard/Stern Type Boats
8.5.1 North America is Estimated to Lead the Market By Volume Inboard/Stern Type Boats: By Region
8.6 Personal Watercraft Boats
8.6.1 Asia Oceania is Expected to Lead the Market By Volume
8.7 Sail Boats/Yachts
8.7.1 Asia Oceania is Expected to Lead the Market, By Volume and Value
8.8 Rigid Inflatable Boats
8.8.1 Asia Oceania is Expected to Lead the Market, By Volume and Value

9 Recreational Boats Market, By Activity Type
9.1 Introduction
9.2 Research Methodology
9.3 Key Industry Insights
9.3.1 Cruising + Watersports Segment is Expected to Grow at A Faster Rate Both By Volume and Value
9.4 Cruising + Watersports
9.4.1 Asia Oceania is Expected to Be the Largest Market for Cruising + Watersports Activities By Volume
9.5 Fishing
9.5.1 North America is Expected to Lead the Market in Terms of Volume

10 Recreational Boats Market, By Power Source
10.1 Introduction
10.2 Research Methodology
10.2.1 Key Industry Insights
10.2.2 Engine Powered Segment is Expected to Lead the Market Globally, By Volume and Value
10.3 Engine Powered
10.3.1 Asia Oceania is Expected to Lead the Market, By Volume
10.4 Sail Powered
10.4.1 North America is Expected to Lead the Market in Terms of Volume and Value
10.5 Human Powered
10.5.1 Europe is Expected to Lead the Human Powered Boats Market, By Value

11 Global Recreational Boats Market, By Region
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.1.1 Major Manufacturers of Recreational Boats are Present in the Country
11.2.2 Canada
11.2.2.1 Growth in the Tourism Industry and Promotional Activities at the Beaches Will Boost This Market
11.2.3 Mexico
11.2.3.1 Cruising and Watersports Activities are Expected to Boost the Demand
11.3 Europe
11.3.1 Germany
11.3.1.1 Cruising and Watersports Activities Will Be Preferred More Due to Presence of Europe’s Biggest Rhine River
11.3.2 France
11.3.2.1 French Boating Market is the Largest in the European Region
11.3.3 Spain
11.3.3.1 Spain has Accelerated Its Economic Growth and Its Capability of Consumer Spending on Leisure Activities
11.3.4 UK
11.3.4.1 Cruising + Watersports Activities Segment is Expected to Lead the Market
11.3.5 Italy
11.3.5.1 Watersports Activities are Seen Growing in the Country
11.4 Asia Oceania
11.4.1 India
11.4.1.1 Watersports Activities are Expected to Grow in the Future
11.4.2 Japan
11.4.2.1 Cruising Activity is Expected to Rise in the Country
11.4.3 China
11.4.3.1 Growth of Cruising and Fishing Activities Will Be Reflected Significantly in China
11.4.4 Korea
11.4.4.1 Cruising Activity is Expected to Grow in the Future
11.4.5 Australia
11.4.5.1 Demand for Cruising + Watersports Activity is Expected to Grow in the Future
11.4.6 New Zealand
11.4.6.1 Demand for Cruising + Watersports Activity is Expected to Grow in the Future
11.5 RoW
11.5.1 Brazil
11.5.1.1 Watersports Activity Segment is Expected to Lead in the Projected Years
11.5.2 Russia
11.5.2.1 Watersports + Cruising Activities are Expected to Show High Demand for Recreational Boats

12 Competitive Landscape
12.1 Overview
12.2 Global Recreational Boats Market: Market Ranking Analysis
12.3 Competitive Scenario
12.3.1 New Product Developments
12.3.2 Expansions
12.3.3 Mergers & Acquisitions
12.4 Competitive Leadership Mapping
12.4.1 Visionary Leaders
12.4.2 Innovators
12.4.3 Dynamic Differentiators
12.4.4 Emerging Companies

13 Company Profiles
Business Overview, Products Offerings, Recent Developments & SWOT Analysis
13.1 Brunswick
13.2 Groupe Beneteau
13.3 Azimut Benetti Group
13.4 Sunseeker International Limited
13.5 Bennington Marine LLC
13.6 Marine Product Corporation
13.7 Catalina Yachts
13.8 Ranger Boats
13.9 Hobie CAT Company
13.10 Tracker Boats
13.11 Lund Boats
13.12 Godfrey Pontoon Group
13.13 Ferretti Group
13.14 Mahindra Odyssea
13.15 Bavaria Yachtbau
Details on Business Overview, Products Offerings, Recent Developments & SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Discussion Guide
14.2 Knowledge Store: Subscription Portal
14.3 Available Customizations
14.3.1 Additional Company Profiles
14.3.1.1 Business Overview
14.3.1.2 SWOT Analysis
14.3.1.3 Recent Developments
14.3.1.4 Author's View
14.3.2 Region and Country Specific Recreational Boats Market
14.4 Related Report
14.5 Author Details

List of Tables (73 Tables)

Table 1 Currency Exchange Rates (W.R.T. USD)
Table 2 Recreational Boats Market, By Boat Type, 2018-2027 (‘000 Units)
Table 3 Recreational Boats Market, By Boat Type, 2018-2027 (USD Million)
Table 4 Outboard Boats: By Region, 2018-2027 (‘000 Units)
Table 5 Outboard Boats: By Region, 2018-2027 (USD Million)
Table 6 Inboard/Stern Type Boats: By Region, 2018-2027 (‘000 Units)
Table 7 Inboard/Stern Type Boats: By Region, 2018-2027 (USD Million)
Table 8 Personal Watercraft Boats: By Region, 2018-2027 (‘000 Units)
Table 9 Personal Watercraft Boats: By Region, 2018-2027 (USD Million)
Table 10 Sail Boats/ Yachts: By Region, 2018-2027 (‘000 Units)
Table 11 Sail Boats/Yachts: By Region, 2018-2027 (USD Million)
Table 12 Rigid Inflatable Boats: By Region, 2018-2027 (‘000 Units)
Table 13 Rigid Inflatable Boats: By Region, 2018-2027 (USD Million)
Table 14 Recreational Boats Market, By Activity Type, 2018-2027 (‘000 Units)
Table 15 Global Recreational Boats Market, Activity Type, 2018-2027 (USD Million)
Table 16 Global Recreational Boats Market: By Region, 2018-2027 (‘000 Units)
Table 17 Global Recreational Boats Market: By Region, 2018-2027 (USD Million)
Table 18 Global Recreational Boats Market: By Region, 2018-2027 (‘000 Units)
Table 19 Global Recreational Boats Market: By Region, 2018-2027 (USD Million)
Table 20 Global Recreational Boats Market, By Power Source, 2018-2027 (‘000 Units)
Table 21 Global Recreational Boats Market, By Power Source, 2018-2027 (USD Million)
Table 22 Engine Powered Recreational Boats: By Region, 2018-2027 (‘000 Units)
Table 23 Engine Powered Recreational Boats: By Region, 2018-2027 (USD Million)
Table 24 Sail Powered Recreational Boats: By Region, 2018-2027 (‘000 Units)
Table 25 Sail Powered Recreational Boats: By Region, 2018-2027 (USD Million)
Table 26 Human Powered Recreational Boats: By Region, 2018-2027 (‘000 Units)
Table 27 Human Powered Recreational Boats: By Region, 2018-2027 (USD Million)
Table 28 Global Recreational Boats Market, By Region, 2018-2027 (‘000’ Units)
Table 29 Global Recreational Boats Market, By Region, 2018-2027 (USD Million)
Table 30 North America: Recreational Boats Market, By Country, 2018-2027 (‘000’ Units)
Table 31 North America: Recreational Boats Market, By Country, 2018-2027 (USD Million)
Table 32 USA: Recreational Boats Market, By Activity Type, 2018-2027 (‘000’ Units)
Table 33 USA: Recreational Boats Market, By Activity Type, 2018-2027 (USD Million)
Table 34 Canada: Recreational Boats Market, By Activity Type, 2018-2027 (‘000’ Units)
Table 35 Canada: Recreational Boats Market, By Activity Type, 2018-2027 (USD Million)
Table 36 Mexico: Recreational Boats Market, By Activity Type, 2018-2027 (‘000’ Units)
Table 37 Mexico: Recreational Boats Market, By Activity Type, 2018-2027 (USD Million)
Table 38 Europe: Recreational Boats Market, By Country, 2018-2027 (‘000’ Units)
Table 39 Europe: Recreational Boats Market, By Country, 2018-2027 (USD Million)
Table 40 Germany: Recreational Boats Market, By Activity Type, 2018-2027 (‘000’ Units)
Table 41 Germany: Recreational Boats Market, By Activity Type, 2018-2027 (USD Million)
Table 42 France: Recreational Boats Market, By Activity Type, 2018-2027 (‘000’ Units)
Table 43 France: Recreational Boats Market, By Activity Type, 2018-2027 (USD Million)
Table 44 Spain: Recreational Boats Market, By Activity Type, 2018-2027 (‘000’ Units)
Table 45 Spain: Recreational Boats Market, By Activity Type, 2018-2027 (USD Million)
Table 46 UK: Recreational Boats Market, By Activity Type, 2018-2027 (‘000’ Units)
Table 47 UK: Recreational Boats Market, By Activity Type, 2018-2027 (USD Million)
Table 48 Italy: Recreational Boats Market, By Activity Type, 2018-2027 (‘000’ Units)
Table 49 Italy: Recreational Boats Market, By Activity Type, 2018-2027 (USD Million)
Table 50 Asia Oceania: Recreational Boats Market, By Country, 2018-2027 (‘000’ Units)
Table 51 Asia Oceania: Recreational Boats Market, By Country, 2018-2027 (USD Million)
Table 52 India: Recreational Boats Market, By Activity Type, 2018-2027 (‘000’ Units)
Table 53 India: Recreational Boats Market, By Activity Type, 2018-2027 (USD Million)
Table 54 Japan: Recreational Boats Market, By Activity Type, 2018-2027 (‘000’ Units)
Table 55 Japan: Recreational Boats Market, By Activity Type, 2018-2027 (USD Million)
Table 56 China: Recreational Boats Market, By Activity Type, 2018-2027 (‘000’ Units)
Table 57 China: Recreational Boat Market, By Activity Type, 2018-2027 (USD Million)
Table 58 Korea: Recreational Boats Market, By Activity Type, 2018-2027 (‘000’ Units)
Table 59 Korea: Recreational Boats Market, By Activity Type, 2018-2027 (USD Million)
Table 60 Australia: Recreational Boats Market, By Activity Type, 2018-2027 (‘000’ Units)
Table 61 Australia: Recreational Boats Market, By Activity Type, 2018-2027 (USD Million)
Table 62 New Zealand: Recreational Boats Market, By Activity Type, 2018-2027 (‘000’ Units)
Table 63 New Zealand: Recreational Boats Market, By Activity Type, 2018-2027 (USD Million)
Table 64 RoW: Recreational Boats Market, By Activity Type, 2018-2027 (‘000’ Units)
Table 65 RoW: Recreational Boats Market, By Activity Type, 2018-2027 (USD Million)
Table 66 Brazil: Recreational Boats Market, By Activity Type, 2018-2027 (‘000’ Units)
Table 67 Brazil: Recreational Boats Market, By Activity Type, 2018-2027 (USD Million)
Table 68 Russia: Recreational Boats Market, By Activity Type, 2018-2027 (‘000’ Units)
Table 69 Russia: Recreational Boats Market, By Activity Type, 2018-2027 (USD Million)
Table 70 Contracts & Agreements, 2015-2018
Table 71 New Product Developments, 2015-2018
Table 72 Expansions, 2015-2018
Table 73 Mergers & Acquisitions, 2015-2018

List of Figures (35 Figures)

Figure 1 Recreational Boats Market: Segmentation Covered
Figure 2 Global Recreational Boats Market: Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews:
Figure 5 Bottom-Up Approach
Figure 6 Data Triangulation
Figure 7 Recreational Boats Market: Market Dynamics
Figure 8 Global Recreational Boats Market, By Region, 2019-2027, (USD Million)
Figure 9 Rising Disposable Income, Advancement in Technologies, and Increase in Promotion of Tourism Activities Across the Globe Will Be the Major Drivers for the Market
Figure 10 Asia Pacific Leads the Recreational Boats Market (By Value)
Figure 11 Germany to Witness the Highest Growth During the Forecast Period, (By Value)
Figure 12 Cruising + Watersports Activities Segment Expected to Lead the Market Globally, By Value
Figure 13 Outboard Boats to Lead the Market By Value in Global Recreational Boats Market
Figure 14 Engine Powered Expected to Lead the Market, By Value
Figure 15 Global Recreational Boats Market: Market Dynamics
Figure 16 Global GDP Per Capita (In Us Dollars), 2015 - 2017
Figure 17 Recreational Boats Evolution
Figure 18 Porter’s Five Forces: Recreational Boats Market
Figure 19 Value Chain Analysis: Recreational Boats Market
Figure 20 Recreational Boats Market, By Boat Type, 2019 vs 2027, (USD Million)
Figure 21 Recreational Boats Market, By Activity Type, 2019 vs 2027, (USD Million)
Figure 22 Global Recreational Boats Market, By Power Source, 2019 vs 2027, (USD Million)
Figure 23 Asia Oceania to Hold the Highest Cagr in Recreational Boats Market in 2019
Figure 24 North America: Recreational Boats Market Snapshot
Figure 25 Europe: Recreational Boats Market Snapshot
Figure 26 Asia Oceania: Recreational Boats Market Snapshot
Figure 27 RoW: Recreational Boats Market, By Country, 2019 vs 2027 (USD Million)
Figure 28 Companies Adopted Expansions as the Key Growth Strategy, 2015-2018
Figure 29 Recreational Boats Market: Market Ranking Analysis, 2019
Figure 30 Recreational Boats Market (Global): Competitive Leadership Mapping, 2019
Figure 31 Brunswick: Company Snapshot
Figure 32 Groupe Beneteau: Company Snapshot
Figure 33 Azimut Benetti Group: Company Snapshot
Figure 34 Sunseeker International Limited: Company Snapshot
Figure 35 Marine Product Corporation: Company Snapshot

Note: Product cover images may vary from those shown
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  • Azimut Benetti Group
  • Bavaria Yachtbau
  • Bennington Marine LLC
  • Brunswick
  • Catalina Yachts
  • Ferretti Group
  • Godfrey Pontoon Group
  • Groupe Beneteau
  • Hobie CAT Company
  • Lund Boats
  • Mahindra Odyssea
  • Marine Product Corporation
  • Ranger Boats
  • Sunseeker International Limited
  • Tracker Boats
Note: Product cover images may vary from those shown
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