Recreational Boats Market by Boat Type, Power Source, Activity Type, Distribution Channel, and Region - Global Forecast to 2027
DUBLIN, May 28, 2019 /PRNewswire/ -- The "Recreational Boats Market by Boat Type, Power Source, Activity Type, Distribution Channel, and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
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The recreational boats market is estimated to grow from USD 26,783 million in 2019 and projected to reach 33,678 million in 2027, at a CAGR of 3.02%.
Recreational boats are mainly used for fun and leisure activities. The boats are made up of various materials like aluminum, fiberglass, carbon fiber, and other synthetic materials. Various types of recreational boats include outboard/pontoon, inboard/stern type boats, personal watercraft boats, sailboats/yachts, inflatable boats (rigid type).
Change in boat technologies, increase in boat size (length and width), rising economy, growing tourism activities, and innovations in the propulsion systems are the major drivers of the boat market. As the technologies continue to advance, many companies will get involved in boat building and offer competitive products in the market. Currently, the recreational boating industry is not a major fraction in the global leisure industry but is expected to grow in the future due to the mentioned parameters. The industry is expected to be the largest, by value, in the North America region, followed by Europe and Asia Oceania. Growing coastal and maritime tourism makes a significant contribution to the growth of recreational boating in the USA and Europe. Growing income levels in the developing countries have fueled the growth of the recreational boats market.
Majority of recreational boat manufacturers are from the USA. Whereas, Europe is more specialized in the manufacturing of sailboats and yachts. Outboard boats held the majority of share in the recreational boats due to factors such as more power, extra space, stability, easy maintenance of the engine, etc. than inboard/stern type boats. Personal recreational boats will follow the outboard boats in terms of total sales volume.
Key Topics Covered:
1 Introduction
2 Research Methodology
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 Boats 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 Recreational Boats
10.3.1 Asia Oceania is Expected To Lead the Market, By Volume
10.4 Sail Powered Recreational Boats
10.4.1 North America is Expected To Lead the Market in Terms Of Volume and Value
10.5 Human Powered Recreational Boats
10.5.1 Europe is Expected To Lead the Human Powered Boats Market, By Value
11 Global Recreational Boats Market, By Region
12 Competitive Landscape
12.1 Overview
12.2 Global Recreational Boats Market: Market Ranking Analysis
12.3 Competitive Scenario
12.4 Competitive Leadership Mapping
13 Company Profiles
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
13.1 Tracker Boats
13.11 Lund Boats
13.12 Godfrey Pontoon Group
13.13 Ferretti Group
13.14 Mahindra Odyssea
13.15 Bavaria Yachtbau
For more information about this report visit https://www.researchandmarkets.com/r/5maec1
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