Global Recreational Boats Market Size, Share & Trends Analysis Report by Type (Cruising Boats, Fishing Boats, Water sports Boats) by power mode (Engine Powered, Sail Powered and Human Powered).
The global recreational boat market is driven by increasing disposable income globally. Moreover, the rise in the number of boats shows and tournaments along with technological advancement is rising the market considerably. Development of new water routes and new picnic spots is a major opportunity for the market. The market is segmented by type and power mode. By type, the market is further divided into a cruising boat, fishing boat and water sports boats. Cruising boats are expected to have a major market share during the forecast period as they are most adopted recreational boats globally. By power mode, the market is segmented into engine powered, sail - powered and human - powered. Powerboat is expected to be the largest segment during the forecast period.
On the basis of geography, the global recreational boat market is segmented into North America, Europe, Asia - Pacific and Rest of the World. North America is expected to be the major market globally. It is due to the high penetration of recreational boats in the region. Europe is also one of the considerable markets in the recreational boat industry. However, the market is fragmented in the region. Asia - Pacific is expected to have a significant potential during the forecast period. Countries such as India, China is expected to provide significant market growth to the market.
The major players that contribute to the growth of the global recreational boat market include White River Marine Group, Yamaha Motor Co., Ltd., Marine Product Corp., Lund Boat Company Inc., Brunswick Corp., Kawasaki Motors Corp. These players are significantly contributing to the market growth and adopting various strategies such as new product launch, acquisition, merger, collaborations, and technological advancements to stay competitive in the market. As an instance, in February 2019, Groupe Beneteau showcased their concept foiling motor yacht. Hull length of the boat is 9.70 m. The yacht has improved boat performance, comfort, and reduced fuel consumption.
Research Methodology
The market study of the global recreational boat market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country - level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro - economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include
The report is intended for the defense equipment manufacturer, supplier, government, research institutes, for overall market analysis and competitive analysis. The report provides in - depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360 - degree analysis of the market thoroughly integrating different models.
Market Segmentation
1. Global Recreational Boat Market Research and Analysis by Type
2. Global Recreational Boat Market Research and Analysis by Power Mode
The Report Covers
The global recreational boat market is driven by increasing disposable income globally. Moreover, the rise in the number of boats shows and tournaments along with technological advancement is rising the market considerably. Development of new water routes and new picnic spots is a major opportunity for the market. The market is segmented by type and power mode. By type, the market is further divided into a cruising boat, fishing boat and water sports boats. Cruising boats are expected to have a major market share during the forecast period as they are most adopted recreational boats globally. By power mode, the market is segmented into engine powered, sail - powered and human - powered. Powerboat is expected to be the largest segment during the forecast period.
On the basis of geography, the global recreational boat market is segmented into North America, Europe, Asia - Pacific and Rest of the World. North America is expected to be the major market globally. It is due to the high penetration of recreational boats in the region. Europe is also one of the considerable markets in the recreational boat industry. However, the market is fragmented in the region. Asia - Pacific is expected to have a significant potential during the forecast period. Countries such as India, China is expected to provide significant market growth to the market.
The major players that contribute to the growth of the global recreational boat market include White River Marine Group, Yamaha Motor Co., Ltd., Marine Product Corp., Lund Boat Company Inc., Brunswick Corp., Kawasaki Motors Corp. These players are significantly contributing to the market growth and adopting various strategies such as new product launch, acquisition, merger, collaborations, and technological advancements to stay competitive in the market. As an instance, in February 2019, Groupe Beneteau showcased their concept foiling motor yacht. Hull length of the boat is 9.70 m. The yacht has improved boat performance, comfort, and reduced fuel consumption.
Research Methodology
The market study of the global recreational boat market is incorporated by extensive primary and secondary research. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country - level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro - economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research - papers, and news blogs.
- Company websites and their product catalog.
The report is intended for the defense equipment manufacturer, supplier, government, research institutes, for overall market analysis and competitive analysis. The report provides in - depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360 - degree analysis of the market thoroughly integrating different models.
Market Segmentation
1. Global Recreational Boat Market Research and Analysis by Type
2. Global Recreational Boat Market Research and Analysis by Power Mode
The Report Covers
- Comprehensive research methodology of the global recreational boat market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global recreational boat market.
- Insights about market determinants which are stimulating the global recreational boat market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
Companies Mentioned
A selection of companies mentioned in this report includes:
- Azimut Benetti Group
- Bavaria Yachtbau GmbH
- Bénéteau S.A.
- Bennington Marine, LLC
- Brunswick Corp.
- Catalina Yachts
- Ferretti S.P.A.
- Grady-White Boats, Inc.
- Hobie CAT Company, Inc.
- Kawasaki Motors Corp.
- Lund Boat Company, Inc.
- Mahindra Marine Pvt. Ltd.
- Marine Products Corp.
- MarineMax, Inc.
- MasterCraft Boat Holdings, Inc.
- Polaris Industries Inc.
- Sunseeker International, Ltd. (Dalian Wanda Group Co Ltd.)
- Viking Yacht Company
- White River Marine Group (Ranger Boats)
- Yamaha Motor Co., Ltd.
