Recreational Boating Market size worth USD 45.2 Billion, Globally, by 2030 at 4.2% CAGR: Verified Market Research®

The “Global Recreational Boating Market Size By Type (Outboard Boats, Inboard Boats/Stern Type Boats, Personal Watercraft Boats), By Application (Water Sports, Fishing), By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Recreational Boating Market, including its growth prospects, market trends, and market challenges.

JERSEY CITY, N.J., Aug. 29, 2023 /PRNewswire/ — The Global Recreational Boating Market is projected to grow at a CAGR of 4.2% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 30.5 Billion in 2021 and is expected to reach USD 45.2 Billion by the end of the forecast period.



Download PDF Brochure:
https://www.verifiedmarketresearch.com/download-sample?rid=141528

Browse in-depth TOC on Recreational Boating Market

202 – Pages

126 – Tables

37 – Figures

Global Recreational Boating Market Demonstrates Resilience Amidst Challenges: Market Research Report

The global recreational boating market, renowned for its vibrancy within the marine sector, is showcasing remarkable resilience amidst a dynamic landscape. A recent market research report has unveiled insights into the market’s current state, drivers, and future outlook, shedding light on key players that contribute to its growth trajectory.

Market Drivers:

The recreational boating market, characterized by vessels equipped with onboard amenities for leisure activities, continues to thrive on the back of several key drivers. Rising interest in water-based activities like fishing, water sports, and sailing is propelling the global Recreational Boating Market. Manufacturers are strategically tailoring boat designs to resonate with the preferences of the Generation Z demographic, fostering an environment of innovation. Furthermore, consumers are increasingly recognizing the advantages of incorporating cutting-edge technologies into traditional boats, with features such as AI, IoT, and smart sensors elevating safety, convenience, and connectivity.

Impact of COVID-19:

The market research report also delves into the influence of the COVID-19 pandemic on the recreational boating industry. The initial wave of the pandemic disrupted manufacturing processes, leading to supply chain challenges and labor shortages. Exports and imports were similarly affected, resulting in scarcities of essential boat-building equipment and sub-assemblies. This situation led to extended wait times for prospective customers as manufacturers prioritized fulfilling existing orders. Additionally, the pandemic had a direct impact on service-related revenues, causing small third-party vendors to grapple with financial constraints imposed by lockdown measures.

Outlook and Recovery:

Despite these challenges, the report outlines a positive outlook for the global Recreational Boating Market. As economies cautiously reopen and individuals seek respite through recreational activities, the market is poised for gradual recovery. Manufacturers’ innovative approaches and incorporation of advanced technologies are expected to play a pivotal role in reinvigorating the sector. The market’s trajectory will be determined by the harmonious interplay between economic revitalization and evolving leisure preferences.

Key Players:

The report identifies key players that contribute significantly to the global recreational boating market. These include Mahindra & Mahindra Ltd, Baja Marine, Bayliner, Boston Whaler Boats, Chaparral Boats, Inc., Grady-White Boats, Malibu, MASTERCRAFT, White River Marine Group, Sea Ray, and American Sail Inc. These industry leaders play a crucial role in shaping the market’s direction through their innovations, strategies, and product offerings.

The global Recreational Boating Market stands as a testament to adaptability and resilience amidst challenges. With technology as an enabler and consumer preferences in flux, the market is poised for rejuvenation and sustained growth.

To get market data, market insights, financial statements and a comprehensive analysis of the Global Recreational Boating Market, please Contact Verified Market Research®.

Based on the research, Verified Market Research® has segmented the global Recreational Boating Market into Type, Application, And Geography.

  • Recreational Boating Market, by Type
    • Outboard Boats
    • Inboard Boats/Stern Type Boats
    • Personal Watercraft Boats
    • Sail Boats/Yachts
    • Inflatable Boats (Rigid Type)
  • Recreational Boating Market, by Application
    • Water Sports
    • Fishing
  • Recreational Boating Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

Browse Related Reports:

Boat Market By Type (Outboard, Inboard, PWC, and Others), By Application (Fishing, Watersports, Sailing, and Others), By Power (Engine-Powered Boats and Sail-Propelled Boats), By Geography, And Forecast

Rigid Inflatable Boats Market By Type (Inflatable Boats With Single Tube, Inflatable Boats With Double Tube), By End-Use (Leisure, Rescue, Military), By Boat Type (Flying Inflatable Boat (FIB), Foldable Rigid Inflatable Boat (FRIB)), By Geography, And Forecast

Electric Boat Market By Propulsion Type (Hybrid, Pure Electric ), By Battery Type (Lead-acid, Lithium-ion, Nickel-based Batteries), By Carriage Type (Passenger, Cargos), By Geography, And Forecast

Small Boats Market By Product (Powered Boat, Sail Boat, Personal Watercraft, Others), By Application (Pleasure, Fishing, Defence, Others), By Geography, And Forecast

Top 10 Recreational Boat Companies offering memorable marine life experiences

Visualize Recreational Boating Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes

Verified Market Research®

US: +1 (650)-781-4080

US Toll Free: +1 (800)-782-1768

Email: [email protected]

Web: https://www.verifiedmarketresearch.com/

Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/2015407/VMR_Logo.jpg

SOURCE Verified Market Research


Go to Source