The Recreational Boat Market size is projected to reach USD 32.53 Billion by 2028 from an estimated USD 27.55 Billion in 2021, growing at a CAGR of 2.4% globally.

Market Overview:

Recreational boats, often known as pleasure craft boats, are built for having fun on the water. Many people use this for enjoyable activities with family and friends while on vacation. Boat racing, sailing, campaigning, fishing, and other water sports games are all examples of recreational boating. The recreational boat market is expected to grow as the popularity of outdoor activities and water sports grows, as well as the engagement of young people in such activities, particularly adventurous water sports and leisure boating.

Recreational fishing and sea outings are becoming increasingly popular in North America, Europe, and the Caribbean island cluster. Speed boats, yachts, and houseboats, on the other hand, have witnessed huge demand from the wealthy. Except for the recreational boat definition, large investment in the rental boat segment has seen growth as the majority of the population prefers to rent recreational boats for such activities. This has enticed big market players to invest in the recreational boat rental market, resulting in growth in the recreational boat market.

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Market Dynamics and Factors:

The demand for recreational boats is driven by advancements in boat engines such as direct injection, VTEC, selective gear rotation, four-stroke technology, and electronic fuel injection capability, which boost engine power. To accommodate consumer demand and reduce emissions from boating activities, engine manufacturers are designing high-powered, low-polluting engines. Furthermore, the introduction of 2 and 4-stroke engines with direct injection technology, which provide improved fuel economy, lower emissions, and greater power, is increasing the demand for sophisticated recreational boat engines. Manufacturers are revolutionizing boats with engine innovation and the replacement of old motors.

The NOX limit in Europe has been established at 1.8 g/kW-hr, requiring boat engine manufacturers to modify their equipment to meet severe emission standards. Pollution regulations in most parts of the world are a major impediment to the recreational boat business. Which is expected to have an impact on the market throughout the forecast period. Recreational Boat Market Report Highlight

Key Industry Development:

Malibu boats introduced the 25 LSV from the LSV series in July 2021, with a length of 7.62 meters. It can accommodate up to 18 people and has a fuel capacity of 390 liters and a powerful 430 hp torque, making it perfect for deep-sea fishing and touring.

Groupe Beneteau debuted its Grand Turismo 45 luxury yacht in June 2021, featuring first-class furnishings and intelligent dynamic control. The Grand Turiamo 45 has a length of 14.78 metres, a fuel capacity of 900 liters, and a freshwater capacity of 400 liters, as well as a strong 2X 440 CV/HP engine.

Segmentation of Recreational Boat Market:

By Type

  • Yachts
  • Sailboats
  • Personal Watercraft
  • Inflatables
  • Others

By Engine Type

  • Ice
  • Electric
  • By Engine Placement
  • Outboards
  • Inboards
  • Others

 Reasons to Purchase this Market Report:

Market forecast analysis through recent trends and SWOT analysis

 Recreational Boat Market Dynamics Scenarios with Market Growth Opportunities over the Next Year

Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts

 Recreational Boat Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.

Competitive environment related to the Recreational Boat Market share for key players, along with new projects and strategies that players have adopted over the past five years

Market Segment by Regions and Countries Level Analysis:

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

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Players Covered in Recreational Boat Market are:

  • Brunswick Corporation
  • Groupe Beneteau
  • Malibu Boats
  • Polaris Inc.
  • MasterCraft Boat Company
  • Candela
  • DOMANI Yachts
  • Edorado Marine
  • Elco Motor Yachts
  • Electracraft

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