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.
Recreational Boat Market Share, Size, Growth, Trends, Industry Forecast Analysis Report, By Type, Application and Regional Segment Forecast, 2022 - 2028, provides an extensive analysis of current market dynamics and predicted future trends.
Recreational Boat Market report covers the detailed analysis on current and upcoming market trends, company market shares, market projections, competitive benchmarking, competition mapping, and in-depth research of the most significant sustainability strategies and their impact on industry growth and competition. The research was conducted using a combination of primary and secondary data, as well as input from leading industry players.
Leading Key Players Covered in Recreational Boat market:
- Brunswick Corporation
- Groupe Beneteau
- Malibu Boats
- Polaris Inc.
- MasterCraft Boat Company
- Candela
- DOMANI Yachts
- Edorado Marine
- Elco Motor Yachts
- Electracraft
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The study report goes into great detail on the predicted trends and consumer behaviour patterns that will affect the growth of the global Recreational Boat market. The product, application, and region components of the global Recreational Boat market research study are separated into three segments. Each division is broken down into chapters that cover numerous aspects. Year-over-year growth graphs and segment-specific drivers and restraints are included in the chapters. The research also includes government estimates for regional markets that have an impact on the global Recreational Boat industry.
Introspective Market Research offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyzes the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. Introspective Market Research reports offer a comprehensive global market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.
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Segmentation of Recreational Boat market:
By Type:
- Yachts
- Sailboats
- Personal Watercraft
- Inflatables
- Others
By Engine Placement:
- Outboards
- Inboards
- Others
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Geographic Segment Covered in the Report
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
Covid-19 Impact on Recreational Boat Market
The recreational boat market experienced substantial loss due to worldwide lockdowns and supply disruptions. All tourist places and activities were banned due to strict lockdown regulations to curb the virus spread. Major beaches and sea tourism activities halted and imposed strict rules which led to a sudden fall in demand for recreational boats in the all-region. As lockdowns were released and the logistical chain getting on track, the market revived with normal sales compared to the previous year.
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
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