Deck Boat Market Forecasts to 2030 – Global Analysis By Product Type (Double Decked Boat, Single Decked Boat and Other Product Types), Engine horsepower (HP), Size, Power Source, Application, and By Geography

Deck Boat Market Forecasts to 2030 – Global Analysis By Product Type (Double Decked Boat, Single Decked Boat and Other Product Types), Engine horsepower (HP), Size, Power Source, Application, and By Geography

According to Stratistics MRC, the Global Deck Boat Market is accounted for $3.0 billion in 2023 and is expected to reach $5.8 billion by 2030 growing at a CAGR of 9.6% during the forecast period. A deck boat is a type of watercraft designed for recreational boating. It typically features a spacious, open deck layout, making it ideal for socializing, fishing, and water sports. Deck boats offer ample seating and storage, making them ideal for leisurely cruises, fishing trips, watersports, and social gatherings. They often come equipped with amenities such as swim platforms, ski tows, and onboard lavatories, catering to various boating preferences.

Market Dynamics:

Driver:

Increase in government policies

Governments worldwide recognize the economic and social benefits of boating, leading to the implementation of policies that promote the industry's development and accessibility. One crucial aspect of supportive government policies is investment in recreational boating infrastructure, including marinas, boat ramps, docking facilities, and navigational aids. Furthermore, regulatory frameworks focused on safety standards, environmental conservation, and boater education contributes to propelling market growth.

Restraint:

High operational costs

Deck boats typically have larger engines and higher horsepower, which results in increased fuel consumption. This can be a significant expense for boat owners, especially when considering the rising fuel prices in recent years. Additionally, maintenance and repair costs for deck boats can be higher compared to smaller watercraft. The cost of regular servicing, engine maintenance, hull repairs, and other necessary services can also hinder this market's overall growth.

Opportunity:

Tourism growth

Deck boats offer an ideal platform for tourists to explore picturesque coastlines and winding rivers, providing a unique and immersive way to discover natural wonders and cultural attractions. Local economies benefit from tourism-driven boating activities and hospitality establishments. Thus, as destinations promote their recreational boating offerings to tourists through marketing campaigns, partnerships, and events, the visibility and appeal of deck boats increase, driving demand and expanding the market.

Threat:

Increase in government policies

Governments worldwide recognize the economic and social benefits of boating, leading to the implementation of policies that promote the industry's development and accessibility. One crucial aspect of supportive government policies is investment in recreational boating infrastructure, including marinas, boat ramps, docking facilities, and navigational aids. Furthermore, regulatory frameworks focused on safety standards, environmental conservation, and boater education contributes to propelling market growth.

Covid-19 Impact

The COVID-19 pandemic has had several negative impacts on the deck boat market. Restrictions on travel and social gatherings imposed to curb the spread of the virus led to a decline in leisure boating activities, as people were unable or hesitant to engage in recreational pursuits. Moreover, disruptions in the supply chain caused by factory closures, labor shortages, and logistical challenges hindered the production and distribution of deck boats.

The double decked boat segment is expected to be the largest during the forecast period

The double-decked boat segment is estimated to hold the largest share due to a specialized niche catering to boaters seeking enhanced space and functionality. These boats feature two levels of deck space, offering increased capacity for passengers and amenities compared to traditional single-level deck boats. Moreover, they offer enhanced performance capabilities, including more powerful engines and advanced hull designs for smoother rides and better handling, which is propelling this segment’s growth.

The internal combustion engine segment is expected to have the highest CAGR during the forecast period

The internal combustion engine segment is anticipated to have highest CAGR during the forecast period. These engines typically range in size and configuration, offering varying levels of horsepower to meet the performance needs of different deck boat models and their intended uses. They remain a popular choice among deck boat enthusiasts due to their familiarity, widespread availability, and proven reliability, contributing to their appeal for recreational boaters, which is driving this segment’s expansion.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period, owing to a growing interest in recreational boating activities. Countries such as China, Japan, and South Korea are key players, both as manufacturers and consumers, with their diverse coastlines, numerous lakes, and picturesque waterways. In addition, urbanization and lifestyle changes are driving the adoption of recreational boating among affluent populations in this region.

Region with highest CAGR:

Europe is expected to witness highest CAGR over the projection period, owing to a combination of technological innovation, changing consumer preferences, and evolving regulatory landscapes. Some of the major key players, including Yamaha Motors, Tahoe Boats, and Polaris, are driving the adoption of cleaner and more efficient propulsion systems. Furthermore, evolving regulations and standards governing recreational boating safety and emissions are influencing the design and features of deck boats in Europe.

Key players in the market

Some of the key players in the Deck Boat Market include Marine products Corporation, Malibu Boats Inc., Polaris, Brunswick Corporation, Yamaha Motors, Tahoe Boats, Crownline Boats, Sea Ray, Glastron and Southwind Boats.

Key Developments:

In January 2024, Polaris Inc. announced Executive Vice President (EVP) of Global Operations and Chief Technology Officer (CTO) Ken Pucel has announced his intention to retire in April, following a notable nine-year career with Polaris.

In January 2023, Yamaha Motor Corporation, USA is announcing the remainder of its 2024 street motorcycle lineup including the Supersport, Sport Heritage, Scooter, Hyper Naked and Sport Touring model families.

Product Types Covered:
• Double Decked Boat
• Single Decked Boat
• Other Product Types

Engine horsepower (HP) Covered:
• 100 HP
• 100 HP to 200 HP
• 200 HP to 300 HP
• 300 HP to 400 HP
• >400 HP

Size Covered:
• Small (below 20 ft)
• Medium (20 ft to 24 ft)
• Large (above 24 ft)

Power Sources Covered:
• Electric
• Internal Combustion Engine

Application Covered:
• Fishing
• Wakesurfing
• Wakeboard
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements