US Recreational Boat Market - Focused Insights 2023-2028

US Recreational Boat Market - Focused Insights 2023-2028

REPORT OVERVIEW

The US recreational boat market will be valued at around $17.31 BN in 2022. This report provides complete information regarding consumer purchasing behavior and the adoption of recreational boats in the US. In terms of revenue, inboard/sterndrive boats dominate the recreational boat market. Further, the choice of boats varies depending on the type and purpose of consumers. Furthermore, major players focus on strategic agreements, acquisitions, and collaboration with emerging players to enter the US recreational boat market to gain access to commercially launched products.

KEY HIGHLIGHTS:

• The established markets of the US are expected to witness high demand for recreational boats during the forecast period since the commercial adoption of boats has increased in these regions. This offers vendors many opportunities during the forecast period. In addition, the demand for marine infrastructure arises due to the changing market dynamics, such as a higher number of recreational boat users.
• Vendors can fight stiff market competition based on the pricing and quality of their products. A vendor surge due to low entry barriers has provided customers with a wide range of providers, intensifying competition. Hence, players have to focus on acquiring customers and retaining them.
• Recreational boat players are also consistently facing the impact of various macroeconomic developments across regions. Regulations and policies are also key aspects of the sale of recreational boats. In addition, vendors are striving to produce cost-efficient recreational boats at affordable prices to meet the intensely competitive environment.
• Furthermore, the recreational boat market in the US has shown considerable growth with robust local manufacturing and strong export and import infrastructure. It is seen as a fast-growing market with a major focus on boats up to 40 feet long.
• The overall analysis of the US market suggests that the high utility of recreational boats mostly drives the market for a variety of activities. Close to 141 million people in the US are involved in boating events. Further, the US accounts for the largest share of 42% in revenue of the global recreational boat market. Meanwhile, regarding the entry of new vendors, the US market offers tough competition.

LIST OF VENDORS

Key Vendors

• Azimut-Benetti Group
• Bombardier Recreational Products (BRP)
• Brunswick Corporation
• Ferretti
• Groupe Beneteau

Other Prominent Vendors

• Albemarle Boats
• Bertram Yachts
• Catalina Yachts
• Correct Craft
• Renaissance Marine Group
• Iconic Marine Group
• Grady-White Boats
• Grand Banks Yachts
• Malibu Boats
• Marlow Hunter
• MasterCraft Boat Holdings
• Sunseeker
• White River Marine Group
• Yamaha
• Viking Yacht

REPORT HIGHLIGHTS

SEGMENTATION & FORECAST

• Boat Type (Revenue & Units)
• Outboard boats
• Inboard/Sterndrive boats
• Personal Watercrafts
• Superyachts
• Other Boats
• Power (Revenue & Units)
• Engine-powered boats
• Manual-powered boats
• Sail-propelled boats
• Activity (Revenue & Units)
• Cruise Tourism
• Watersports
• Fishing
• Boat Size (Revenue & Units)
• 30-50 Feet Boats
• <30 Feet Boats
• >50 Feet Boats

MARKET STRUCTURE

• Market Dynamics
• Competitive Landscape of US Recreational Boat Market
• Key Vendors
• Other Prominent Vendors

APPENDIX

• Research Methodology
• Abbreviations
• About Arizton