According to a new market research report published by Global Insight Services ” Recreational Boat Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
The Global Recreational Boat Market is expected to reach around US$ 28bn by 2031.
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Key Players
- Azimut Benetti Group
- Brunswick Corporation
- Groupe Beneteau
- Hobie Cat Company
- Marine Products Corporation
- Mastercraft Boat Holdings
- Polaris Inc
Key Trends and Drivers
In the past decade, the recreational boat market has seen several key trends emerge. One of the most notable has been the move towards more fuel-efficient vessels. This has been driven in part by advances in technology, but also by consumer demand for boats that are more environmentally friendly.
Another key trend has been the growth of the used boat market. This is due in part to the recession, which has made new boats unaffordable for many people. However, it is also due to the fact that there are now a wide variety of high-quality used boats available.
Finally, another trend that has emerged in the recreational boat market is the rise of specialty boats. This includes everything from pontoon boats to wakeboarding boats. This is due to the fact that people are increasingly looking for boats that meet their specific needs and interests.
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Market Segments
By Power
- Engine Powered
- Man Powered
- Sail Propelled
By Product Type
- Inboard Boats
- Outboard Boats
- Inflatable
- Sail Boats
- Personal Watercrafts
By Activity Type
- Watersports & Cruising
- Fishing
By Size
- Less Than 30 Ft
- 30 to 59 Ft
- 60 to 79 Ft
- 80 to 99 Ft
- More Than 100 Ft
Reasons to buy Recreational Boat Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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