Recreational boating is a watercraft used for pleasure or sports. The term originates from the Dutch word jacht "hunt", and was originally defined as a light fastiling vessel used by the Dutch navy to pursue pirates and other transgressors around and into the shallow waters of the Low Countries. After itslection by Charles II of England as the vessel to carry him to England from the Netherlands for his restoration in 1660 it came to be used to mean a vessel used to convey important persons.
Market Analysis and Insights: Global Recreational Boating Market
Due to the COVID-19 pandemic, the global Recreational Boating market size is estimated to be worth US$ 147970 million in 2022 and is forecast to a readjusted size of US$ 180270 million by 2028 with a CAGR of 3.3% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Sailboats accounting for % of the Recreational Boating global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Commercial segment is altered to an % CAGR throughout this forecast period.
Inboard boats are anticipated to grow rapidly, exhibiting around 4.5% CAGR from 2017 to 2025 owing to their high usage in water sports such as skiing.
Global Recreational Boating Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Recreational Boating Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Sailboats
Personal Watercrafts
Sterndrive Boats
Inboard Boats
Outboard Boats
Others
Segment by Application
Commercial
Household
Others
By Company
Azimut Benetti
Bavaria Yachtbau
Brunswick
Fairline
Ferretti
Groupe Beneteau
Princess
Sunseeker
Hunter
Malibu Boats
MacGregor
American Sail Inc
Catalina Yachts
Hobie Cat Corporation
Kawasaki
Yamaha
Sea-Doo
Allied Boats
Alumacraft
Alweld Boats
Crestliner Boats
Duckworth Boats
G3 Boats
Koffler Boats
Legend
Lowe Boats
Lund Boat Company
MirroCraft
Northwest Boats
Princecraft
Ranger Aluminum
Rogue Jet Boatworks
Sea Ark Boats
Smoker Craft
Starcraft Marine
Stealthcraft Boats
Sylvan
Thunder Jet
Tracker Boats
Triton Boats
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina