Recreational Boating Market Analysis and Forecast, 2017 to 2024

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Recreational Boating Market Global Industry
Analysis Report, Share, Growth, Price Trends and
Forecast, 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Recreational Boating Market

• Increasing demand from young boaters and new
  product development by the manufacturers are
  stimulating the industry growth.
• Improving economies resulting in growing
  disposable income, consumer spending and low
  interest rates are contributing to the strong
  recreational boating market growth.
• Boat charting or selling pre-owned boats also
  contributes to the industry growth.
• Including intuitive marine technology in boats
  will attract new buyer resulting in increasing
  sales of the product. Some of the innovations are
  docking a boat with joystick, creating wake surf
  waves from wristwatch to simplify and enhance the
  boating experience for the boaters.

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Continued...

• The fiberglass boats are dominating the global
  market is expected to continue its dominance over
  the forecast timeframe.
• North America dominated the global recreational
  boating market due to the U.S. market
  contributing majorly for the regional growth. The
  U.S. is the manufacturing base for leading boat
  companies.
• Growth in Asia pacific is attributed to
  increasing tourism and water sports supported by
  increasing spending on leisure time travel.
  Growing income level will drive the premium
  leisure activities such as boating in the region.
• More than 50 of the manufacturers in the
  industry are SMEs.

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360 Analysis

• Product Analysis
• By product, the recreational boating market is
  classified in to traditional powerboat, personal
  watercraft, sailboats and propulsion systems and
  others. The other various types include
  runabouts, towboats, pontoon boats, fishing boats
  and cabin cruisers.
• Regional Analysis
• Europe follows North America recreational boating
  market with UK, Germany, France, Italy
  contributing to most of the market in Europe.
  Italy dominates the European recreational boating
  market acquiring more than 25 of the regional
  production.
• Competitive Market Share
• Some of the companies in global recreational
  boating market are Azimut Benetti, General Motors
  company, Suzuki Motor Corporation, Groupe
  Beneteau, Platinum equity, Ferretti, Sunseeker,
  Bavarian, Sealine Attwood, Zodiac Marine Pool,
  Rodriguez, Princess, Baja Marine, Avon
  Inflatables, Carlisle Paddles, Bombardier
  Recreational Products Incorporated.

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