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Recreational Boating Market Report by Product Type, Activity Type, Material Type, Size, Power Source, and Region 2024-2032

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    Report

  • 144 Pages
  • September 2024
  • Region: Global
  • IMARC Group
  • ID: 5911785
Description Jump to:
The global recreational boating market size reached US$ 23.2 Billion in 2023. Looking forward, the market is expected to reach US$ 36.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5.0% during 2023-2032.

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:

This report 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 levels from 2024-2032. The 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?

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
11.2 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
11.3 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
11.4 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
11.5 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
List of Figures
Figure 1: Global: Recreational Boating Market: Major Drivers and Challenges
Figure 2: Global: Recreational Boating Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Recreational Boating Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Recreational Boating Market: Breakup by Product Type (in %), 2023
Figure 5: Global: Recreational Boating Market: Breakup by Activity Type (in %), 2023
Figure 6: Global: Recreational Boating Market: Breakup by Material Type (in %), 2023
Figure 7: Global: Recreational Boating Market: Breakup by Size (in %), 2023
Figure 8: Global: Recreational Boating Market: Breakup by Power Source (in %), 2023
Figure 9: Global: Recreational Boating Market: Breakup by Region (in %), 2023
Figure 10: Global: Recreational Boating (Inboard Boats) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Recreational Boating (Inboard Boats) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Recreational Boating (Outboard Boats) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Recreational Boating (Outboard Boats) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Recreational Boating (Inflatable) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Recreational Boating (Inflatable) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Recreational Boating (Sail Boats) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Recreational Boating (Sail Boats) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Recreational Boating (Personal Watercrafts) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Recreational Boating (Personal Watercrafts) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Recreational Boating (Watersports and Cruising) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Recreational Boating (Watersports and Cruising) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Recreational Boating (Fishing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Recreational Boating (Fishing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Recreational Boating (Aluminum) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Recreational Boating (Aluminum) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Recreational Boating (Fiberglass) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Recreational Boating (Fiberglass) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Recreational Boating (Wood) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Recreational Boating (Wood) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Recreational Boating (Other Material Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Recreational Boating (Other Material Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Recreational Boating (Less Than 30 Ft) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Recreational Boating (Less Than 30 Ft) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Recreational Boating (30 to 59 Ft) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Recreational Boating (30 to 59 Ft) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Recreational Boating (60 to 79 Ft) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Recreational Boating (60 to 79 Ft) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Recreational Boating (80 to 99 Ft) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Recreational Boating (80 to 99 Ft) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Recreational Boating (More Than 100 Ft) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Recreational Boating (More Than 100 Ft) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Global: Recreational Boating (Full Custom) Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Global: Recreational Boating (Full Custom) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Global: Recreational Boating (Engine Powered) Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Global: Recreational Boating (Engine Powered) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Global: Recreational Boating (Human Powered) Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Global: Recreational Boating (Human Powered) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Global: Recreational Boating (Sail Propelled) Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Global: Recreational Boating (Sail Propelled) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: North America: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: North America: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: United States: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: United States: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Canada: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Canada: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Asia-Pacific: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Asia-Pacific: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: China: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: China: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Japan: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Japan: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: India: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: India: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: South Korea: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: South Korea: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Australia: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Australia: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Indonesia: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Indonesia: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Others: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Others: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Europe: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Europe: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Germany: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Germany: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: France: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: France: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: United Kingdom: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: United Kingdom: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Italy: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Italy: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Spain: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Spain: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Russia: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Russia: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Others: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Others: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Latin America: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Latin America: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 90: Brazil: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 91: Brazil: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 92: Mexico: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 93: Mexico: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 94: Others: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 95: Others: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 96: Middle East and Africa: Recreational Boating Market: Sales Value (in Million US$), 2018 & 2023
Figure 97: Middle East and Africa: Recreational Boating Market: Breakup by Country (in %), 2023
Figure 98: Middle East and Africa: Recreational Boating Market Forecast: Sales Value (in Million US$), 2024-2032
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, 2023 and 2032
Table 2: Global: Recreational Boating Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 3: Global: Recreational Boating Market Forecast: Breakup by Activity Type (in Million US$), 2024-2032
Table 4: Global: Recreational Boating Market Forecast: Breakup by Material Type (in Million US$), 2024-2032
Table 5: Global: Recreational Boating Market Forecast: Breakup by Size (in Million US$), 2024-2032
Table 6: Global: Recreational Boating Market Forecast: Breakup by Power Source (in Million US$), 2024-2032
Table 7: Global: Recreational Boating Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Recreational Boating Market: Competitive Structure
Table 9: Global: Recreational Boating Market: Key Players

Companies Mentioned

  • 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

Methodology

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Table Information

Report AttributeDetails
No. of Pages144
PublishedSeptember 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 23.2 Billion
Forecasted Market Value ( USD ) by 2032 $ 36.1 Billion
Compound Annual Growth Rate5.0%
Regions CoveredGlobal
No. of Companies Mentioned12

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About the Recreational Boat Market

The Recreational Boat market is a segment of the Maritime industry that focuses on the production and sale of boats for leisure and recreational activities. These boats are typically smaller than commercial vessels and are used for activities such as fishing, sailing, and water sports. The Recreational Boat market is highly competitive, with a wide range of manufacturers offering a variety of models and features. The Recreational Boat market is driven by consumer demand for leisure activities, as well as technological advancements in boat design and construction. The industry is also affected by economic conditions, such as the availability of financing and the cost of fuel. Some of the major companies in the Recreational Boat market include Brunswick Corporation, MarineMax, Inc., Yamaha Motor Corporation, and Azimut Benetti Group. These companies produce a wide range of recreational boats, from small fishing boats to luxury yachts. Show Less Read more

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