U.S. Recreational Boating Market By Application, Growth Potential & Forecast, 2018 – 2024

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U.S. Recreational Boating Market from outboard
boats segment will highest volume share more than
70 To 2024
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Key Insights from U.S. Recreational Boating
Market

• Increasing customer spending for tourism is
  boosting the U.S. recreational boating market
  demand. Proliferating usage of boats for leisure
  and water sports activities such as river
  rafting, kayaking, racing, and sailing are
  enhancing the production of pleasure crafts,
  thereby strengthening industry size over the
  forecast timeframe.
• Continuous government support to upgrade and
  maintain the recreational boating infrastructure
  will drive the industry share over the forecast
  timeframe. For instance, in 2015, the U.S. Fish
  and Wildlife Service through the Boating
  Infrastructure Grant (BIG) program announced
  grants of worth over USD 14 million. It aims to
  maintain and upgrade the boating infrastructure
  along with providing strong support for
  manufacturers.
• Rising number of accidents owing to the lack of
  knowledge and ignorance of people for utilizing
  safety equipment such as life jacket are
  hampering the U.S. recreational boating market
  share. For instance, according to the United
  States Coast Guard, in 2017, the recreational
  boating accidents due to not wearing of life
  jackets accounted to 370.

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Continued...

• The U.S. recreational boating market size from
  the outboard boats segment will capture the
  highest volume share accounting to more than 70
  over the forecast time frame. This growth can be
  attributed to the enhanced space availability in
  the cockpit, improved maintenance owing to easier
  detachment of the engine from the boat, and
  maneuverability further supporting the industry
  growth.
• In terms of power, the engine powered segment
  from the U.S. recreational boating market share
  will show a significant growth rate of around 4
  between 2018 and 2024 owing to the increasing
  usage of engines in several boats including
  inboard boats, outboard boats, and PWCs. The
  engines powered by ethanol, petrol, and diesel
  fuels provide alternatives to customers
  contributing towards the industry revenue share.

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U.S. Recreational Boating Market, By Product,
2017 2024, (Units)

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Major Companies in U.S. Recreational Boating
Market

• American Sail Inc.
• Azimut-Benetti Group
• Bavaria Yachts
• Groupe Beneteau
• Brunswick Corporation
• Catalina Yachts

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Industry Coverage

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Regional Insights in U.S. Recreational Boating
Market

• Florida recreational boating industry will
  exhibit over 6.5 CAGR over the study period.
  This growth can be attributed to the increasing
  government initiatives to educate and encourage
  the participation of customers for recreational
  boating. The regulations by Florida Fish and
  Wildlife Conservation Commission mandating
  minimum safety equipment on boats will further
  influence the industry growth. The boat shows
  across the state such as Fort Myers Boat Show,
  Charlotte County Boat Show, and Bonita Springs
  Boat Show provides platform for industry
  participants to showcase their latest technology
  in boats and attracts boat riders, escalating the
  U.S. recreational boating market size.

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