Global recreational boats market is expected to register a steady CAGR of 4.50% in the forecast period of 2019-2026. This report includes the data of base year 2018 and historic year of 2017. This rise in market value can be attributed to the increasing tourism in the global economy.
As per the report, growing government support for the boating industry in Australia and Canada is a key driver for industry demand. Governments in these regions are making substantial investments in the tourism sector, which will increase the demand for recreational boating. In February 2021, the British Columbia government announced an investment of over USD 20 million for 54 projects to revive the tourism sector affected by the COVID-19 pandemic.
The global Recreational Boating Market is highly fragmented due to the presence of a various large number of players which forms a competitive environment. The report entails all-inclusive information associated with the latest market updates such as new ideas, market size, opportunity, growth path and trends for the forecast period of 2019-2025 to gain competitive edge across the globe. This report also highlights various important strategic mergers and acquisitions, company overview, financial details, and the latest development undertaken.
North American Recreational Boating Market size is predicted to surpass USD 35 billion by 2026, according to a latest forecast report by Graphical Research. Strong focus on strategic partnerships and collaborations by market players is supporting the industry growth.
More Information @ https://bit.ly/2OGjN64 Increasing disposable income coupled with the rising watercraft sports activities across multiple states is primarily driving the U.S. recreational boating market share over the forecast period.
Global boat repairing market size is expected to reach $9.51 Bn by 2028 at a rate of 9.3%, segmented as by type, recreational boats, commercial boats, military boats, other types
According to the latest research report by IMARC Group, The global boat trailers market size reached US$ 880 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,290 Million by 2032, exhibiting a growth rate (CAGR) of 4.32% during 2024-2032. More Info:- https://www.imarcgroup.com/boat-trailers-market
China's demand for Recreational Boating has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow.
Aquatic recreational activities have increasingly become a trend in recent years, fueled new growth opportunities in recreational boating market. Numerous water recreational activities such as duck hunting, skin diving, water skiing, and fishing are gaining tremendous popularity. The prevalence of water recreational activities has inherently surged lately, due to rising disposable income and increasing urbanization. Consequently, this has generated prominent growth opportunities for recreational boat manufacturers.
Marketreportsonchina.com presents a report on “Report on Recreational Boating Markets in China”. http://www.marketreportsonchina.com/industry-mfg-market-research-reports-14834/recreational-boating-china1.html China's demand for Recreational Boating has grown at a fast pace in the past decade.
Based on product, the leisure boats industry is divided into cruiser, catamaran, bowrider, sailboat, yacht, and pontoon. Of these, the bowrider leisure boats segment is likely to grow over the forecast timeframe owing to increased usage of bowrider boats, as well as the availability of these boats in an extensive range of options, right from 18 to 35 feet. Bowrider boats are also available in hybrid fish-and-ski models.
Ever-increasing nautical tourism activities have led to a significant surge in investment in rental boating. In order to enhance the boating experience and curb carbon footprint, manufacturers are also showing a high preference for hybrid and electric propulsion systems. These factors are projected to scale the deployment of recreational boating equipment over the forecast spell. The global recreational boating market size is anticipated to exceed over $60 billion by 2027.
Recreational Boats Market by Boat Type (Outboard boats, Inboard boats/stern type, Sail boats/Yachts, Personal Watercraft, Inflatable), Power source, Activity Type (Watersports+Cruising, Fishing), Distribution Channel, and Region - Global Forecast to 2027
The major players covered in the global boat repairing market are Brunswick, Riviera, Holyhead Boatyard, Ancasta International Boat Sales, Survitec Survival Craft... @ @ https://bit.ly/35lmapg
Get More Information @ http://bit.ly/2yauPLN Recreational Boating Market size will expand owing to growing disposable income & consumer and increasing interest from young boaters during the forecast period.
The major players covered in the global boat building market are Armstrong Marine USA Inc., Brunswick Corporation (BC), Survitec Group, Ancasta International Boat Sales Ltd. Read More @ https://bit.ly/36x2Dl4
The major players covered in the global boat repairing market are Brunswick, Riviera, Holyhead Boatyard, Ancasta International Boat Sales, Survitec Survival Craft, Daewoo Shipbuilding & Marine Engineering. Read More @ https://bit.ly/35lmapg
Reports and Insights have provided comprehensive insights and forecasts on the Catamaran Market, highlighting various factors that contribute to its estimated revenue growth at a CAGR of 5.3% during the forecast period.
Recreational boats are the type of craft boats which are designed for pleasure activities on the water surface with family and friends. The materials used in the construction of the boats consist of coated fabric, aluminum and plastics. Also, it includes many water sports such as sailing, boat racing and fishing.
The Business Research Company adds a report “Ship And Boat Building And Repairing Global Market Report 2019” under its Ship And Boat Building And Repairing category. The report covers market characteristics, key players, market size and trends from 2019 to 2022. Read Report: https://www.thebusinessresearchcompany.com/report/ship-and-boat-building-and-repairing-global-market-report
The surfing equipments include surf boards, protective gear that includes wet suits and shoes and accessories including fins, leash, ear plugs and bags.The market includes two major entities namely manufacturers and distributors as the regional supplier of surfing equipment products.
As per Cognitive Market Research's latest published report, the Global Boat Rental market size will be USD 23,454.70 Million by 2029. Boat Rental Industry's Compound Annual Growth Rate will be 5.24% from 2023 to 2030.
Global Sailboats Market will register a 3% CAGR between 2023 and 2032 due to continuous technological upgrades and a growing emphasis on sustainable and eco-friendly recreational options. As sailing enthusiasts increasingly prioritize environmentally conscious activities, sailboats emerge as a preferred choice.
The global marine audio market is expected to grow from $1.81 billion in 2022 to $1.84 billion in 2023 at a compound annual growth rate (CAGR) of 1.7%.
Hybrid Boats Market by Hull Design (Hydrofoil, Multihull, Rigid Inflatable), Propulsion (Electric, Hybrid), Platform (Recreational Boats, Commercial Boats, Military and Law Enforcement Boats), Material, Boat Size and Region - Global Forecast to 2028
On the basis of power, the low segment will grow significantly by 2032, owing to the rising demand for low-powered outboard engines. This can be significantly propelled by the inclining consumer interest toward efficient motors, which can be used for short-haul operations.
Hybrid Boats Market by Hull Design (Hydrofoil, Multihull, Rigid Inflatable), Propulsion (Electric, Hybrid), Platform (Recreational Boats, Commercial Boats, Military and Law Enforcement Boats), Material, Boat Size and Region - Global Forecast to 2028
The global leisure boat market size reached US$ 41.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 52.4 Billion by 2027, exhibiting a growth rate (CAGR) of 4% during 2022-2027. More info: https://www.imarcgroup.com/leisure-boat-market
The Vertical Axis Wind Turbine market report analysis provides a detailed evaluation of metrics, profitability trends, strategic initiatives and market positioning. Get a Copy of the Report @ https://www.adroitmarketresearch.com/industry-reports/vertical-axis-wind-turbine-market
Global outboard engines market will grow at a steady rate because of a strong increase in recreational activities. Boating activities saw an unprecedented demand among travelers during the COVID-19 pandemic in 2020, so much so that yacht manufacturing companies were running out of inventory.
The usage of additive manufacturing for producing engine components has increased the production of outboard engines. This method can easily produce complex and cost-effective components whilst minimizing wastage.
The Marine Seats Market in 2022 is estimated to be worth USD 1.6 billion and is expected to grow to USD 1.9 billion by 2027, representing a compound annual growth rate (CAGR) of 4.9% during this period.
According to the latest research report by IMARC Group, The United States marine composites market size reached US$ 875.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,198.8 Million by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028. More Info:- https://www.imarcgroup.com/united-states-marine-composites-market
Speaking of marine tourism, a report by Ocean Wealth suggests that over 350 million people around the world travel to coral reef coast. Water sports have become a major attraction for marine leisure and entertainment industry. With the growing inclination of youth towards leisure water activities, such as watersports, sailing and fishing trips is propelling the adoption of electric outboard engines for boats.
North American Outboard Engines Market size is poised to hit USD 7.6 billion by 2027, according to a latest forecast report by Graphical Research. Growth of the industry is supported by the consecutive year-on-year growth for the recreational boating sector coupled with the increasing demand for outboard engines for commercial applications.
Free Research Report PDF: https://bit.ly/2ZK9DcN Pleasure boat varnish is used on yacht to protect the timber from the effects of sea and weather.Pleasure Boat Varnish market is segmented, based on product, which include High-gloss, Satin and Others. Among these, High-gloss accounted for over 70% share of the overall Pleasure Boat Varnish market in 2018 and is anticipated to witness the fattest growth by the end of 2025. One of the key drivers for this market will be the rise in tourism and recreational events. Download Free Research Report PDF: https://bit.ly/2ZOITYs
Europe Marine Lubricants Market size projected to reach $2.6 Billion by 2024, increasing marine trade owing to the growing supply of energy, commodities and food would push global marine lubricant industry.
More Information @ https://bit.ly/2KpM7u8 Rising travel and recreational activities owing to increasing disposable income across the globe are driving the industry growth.
Big Market Research presents a survey On "Recreational Boating Markets in China" Access The Full Report On : http://www.bigmarketresearch.com/recreational-boating-in-china-market The leading source for up-to-date market information and research on the fastest-growing Chinese markets. Our market research reports provide hard-to-find market data and analyses. Today, China has the largest market in the world. Tremendous fast-growing markets for imports and business opportunities for companies around the world. If you want to expand your business or sell your products in China, our research reports provide the insights and projections into Chinese markets necessary for you to do so.
More Information @ http://bit.ly/2Bl7PJA High-power outboard engines market is projected to generate revenues in excess of USD 9.5 billion over the projected timeframe. This growth can be mainly attributed to positive application outlook in larger boats and yachts which are facing robust demand worldwide.
More Information @ https://bit.ly/2yauPLN Rising disposable income has resulted in increased travel and tourism activities across the globe, primarily driving the industry growth.
More Information @ https://bit.ly/2JERG4A Rising disposable income has increased traveling & tourism activities, surging the adoption of sailing, cruising, water sports, and campaigning.
A recent report published by The Business Research Company on Boat Building Market provides in-depth analysis of segments and sub-segments in the global as well as regional. http://bit.ly/3r2IpZq
The ship and boat building and repairing market size is expected to reach $250 billion by 2022, significantly growing at a CAGR of around 3% during the forecast period. Read more at https://bit.ly/2V2rre2
The global electric boat and ship market size was USD 4.9 billion in 2021 and is estimated to reach USD 12.6 billion by 2030, growing at a CAGR of 12.6% during the forecast period (2022-2030). Electric boats and ships carry off marine operations through batteries rather than the fuel. They utilize batteries similar to electric vehicles; they need larger batteries that last for long periods for operating smoothly.
The global boat building and repairing market was valued at $54.9 billion in 2017. Asia Pacific was the largest geographic region accounting for $30 billion or 54.6% of the global market. Read Report https://www.thebusinessresearchcompany.com/report/boat-building-and-repairing-global-market-report-2018