Recreational Boating Market in North America Regional Revenue & Growth Forecast By 2020-2026 - PowerPoint PPT Presentation

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Recreational Boating Market in North America Regional Revenue & Growth Forecast By 2020-2026

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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. – PowerPoint PPT presentation

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Title: Recreational Boating Market in North America Regional Revenue & Growth Forecast By 2020-2026


1

North America Recreational Boating Market to hit
35 Bn by 2026 Graphical Research
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
2

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. Increasing
participation in water sports activities, such as
powerboating, surfing, and water skiing, is
augmenting the demand for recreational boats in
North America. According to a report presented by
the National Marine Manufacturers Association in
2020, an average of over 12.4 million residents
of Canada engages in pleasure boating every year.
Recreational boating adds USD 5.6 billion to
Canada's GDP with over USD 10 billion in
revenues.   A steady growth in the tourism
industry in the U.S. and Canada will create
growth opportunities for the market. As per the
data published by StatCan, in 2019, Canada
recorded 22.1 million international tourists
compared to 21.1 million in 2018. Similarly,
growing support by the government authorities in
terms of investments in the tourism industry will
improve the recreational boating market
statistics. The Canadian government spent USD
11.4 billion on tourism in 2019. Government
investments in tourism in Canada increased by
56.4 in the third quarter of 2020.
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
3

Get sample copy of this research report _at_
https//bit.ly/3obLFRL Request for
customization _at_ https//bit.ly/3ff5CmC
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
4

The outbreak of COVID-19 has severely impacted
the North America recreational boating market.
The countries in the region faced massive
economic disruption during the first two quarters
of 2020. Manufacturing units witnessed several
challenges owing to a steady decline in the
availability of skilled labor and raw materials.
Disruptions in the supply chain and demand losses
decreased the recreational boat sales during the
pandemic.   The inflatable boat segment will
witness a steady growth during the forecast
period. These boats are witnessing an increase in
demand from applications such as scuba diving
excursions, rescue operations, and water sports.
These recreational boats are available in a wide
variety of models including inflatable kayaks,
rubber rafts, rescue boats, and lifeboats.
Factors, such as low initial adoption cost and
economic operations, will support the industry
expansion.   Prominent players in the market are
Yamaha Motors, Winnebago Industries, Grady-White
Boats, American Sail Inc, Malibu Boats, and
Brunswick Corporation. These players focus on new
product launches to enhance their product
portfolio. For instance, in January 2019, Yamaha
launched its new F375 XTO outboard model, which
aids in enhanced performance of a wide range of
boat sizes. This aided the company to enhance its
products with features such as Direct Injection
fuel delivery system and electric steering.
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
5

Segmentation of North America Recreational
Boating Market North America Market, By
Product Inboard boats  By horsepower Below 200
hp 201 to 500 hp 501 to 1000 hp Outboard
boats By type Center console Express
cruiser Pontoon Runabout bowrider North America
Market, By Engine Diesel Gas The above
information is provided on country basis for the
following U.S. Canada  
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
6

About Graphical Research Graphical Research is
a business research firm that provides industry
insights, market forecast and strategic inputs
through granular research reports and advisory
services. We publish targeted research reports
with an aim to address varied customer needs,
from market penetration and entry strategies to
portfolio management and strategic outlook. We
understand that business requirements are unique
our syndicate reports are designed to ensure
relevance for industry participants across the
value chain. We also provide custom reports that
are tailored to the exact needs of the customer,
with dedicated analyst support across the
purchase lifecycle. Contact Us Parikhit
B. Corporate sales, Graphical
Research  Phone1-800-986-6917Email sales_at_graphi
calresearch.com  Web https//www.graphicalresea
rch.com
2018 Graphical Research. All rights
reserved.


www.graphicalresearch.com
7

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2018 Graphical Research. All rights
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