Global Recreational Boat Market 2022-2028
Recreational boats are, as the name suggests, primarily for pleasure. They are generally smaller in size, low-cost, and are for leisure activities like fishing, skiing, and travel. The global recreational boat market is likely to register a CAGR of over 6.5% with an incremental growth of USD 15 billion during the forecast period 2022-2028.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global recreational boat market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the recreational boat industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, power, size, activity type, and region. The global market for recreational boat can be segmented by product: outboards, inboards/sterndrives, personal watercrafts, others. Globally, the inboards/sterndrives segment made up the largest share of the recreational boat market. Recreational boat market is further segmented by power: engine powered, man powered, sail propelled. The engine powered boats segment captured the largest share of the market in 2021. Based on size, the recreational boat market is segmented into: up to 30 feet, 30-50 feet, above 50 feet. On the basis of activity type, the recreational boat market also can be divided into: cruising, watersports, fishing. The cruising segment held the largest revenue share in 2021. Recreational boat market by region is categorized into: Asia Pacific, Europe, North America, Rest of the World (RoW).
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