The Recreational Boats Market is expected to rise at annual rate 4.50% in the forecast period of 2019 to 2026 due to the increasing tourism in the global economy.
- On the other hand, lack of interest in purchasing boats among millennials, the rise in pollution due to the recreational boats, high cost and complications associated with the affordability of boats for the middle class population are expected to obstruct the recreational boats market growth in the above mentioned forecast period.
Recreational Boats Market Scenario
According to Data Bridge Market Research, the market for recreational boats is accelerating because of the rise in disposable income owning to increased GDP and growing number of boat related activities such as tournaments and shows across the globe. Additionally, technological advancement and innovations reducing the cost of boats, rising demand of customized boats and growing popularity of boating activity as leisure time positively affect the recreational boats market. Furthermore, maintenance and retrofitting boats and surging demand for outboard boats extend profitable opportunities to the recreational boats market players.
Now the question is which are the other regions recreational boats market is targeting? Data Bridge Market Research has estimated a large growth in North America because of the financial support by the government and stable income conditions of the people in the region. Asia-Pacific is expected to witness high CAGR in the forecast period of 2019-2026 due to the rise in number of individuals who are capable of investing in recreational boats and the rise of the disposable income.
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Recreational Boats Market Scope
Recreational boats market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
- All country based analysis of recreational boats market is further analyzed based on maximum granularity into further segmentation. Recreational boats market on the basis of boat type has been segmented into outboard boats, inboard boats/stern type boats, personal watercraft boats, sail boats/yachts, inflatable boats (rigid type) and others. Based on the power source, the recreational boats market has been segmented into human powered, sail powered and engine powered. Based on the activity type, the recreational boats market has been segmented into cruising and watersports and fishing. Based on the distribution channel, the recreational boats market has been segmented into boat dealers, boat shows/events and online websites.
- Recreational boats refer to craft boats which are mainly used for pleasure activities with family and friends. The activities include sailing, fishing and racing among others. Aluminum, coated fabric and plastics are commonly used for their production. Outbound boats are gaining popularity owning to their features such as extra storage facilities, lightweight structure, easy maintenance and replacement scenario.
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Key Pointers Covered in the Recreational Boats Market Industry Trends and Forecast to 2026
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market by Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- Brunswick Corporation
- Groupe Beneteau
- Azimut Benetti S.p.A.
- Sunseeker
- Catalina Yachts
- Marine Products Corporation
- Polaris Inc.
- White River Marine Group.
- Hobie Cat Company
- Godfrey Pontoon Boats
- FERRETTI S.P.A
- MAHINDRA ODYSSEA.
- Bavaria Yachtbau
- Moran Yacht & Ship, Inc.
- Baja Marine, Fountain Powerboats
- Hydrasports Custom Boats, LLC
- Wavve Boating Inc.
- MALIBU BOATS, LLC.
- X Shore
Above are the key players covered in the report, to know about more and exhaustive list of recreational boats companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-recreational-boats-market
Research Methodology of Recreational Boats Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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