The Global Recreational Boat Market is expected to reach around US$ 28bn by 2031.
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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.
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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.
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
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Key Players
- Azimut Benetti Group
- Brunswick Corporation
- Groupe Beneteau
- Hobie Cat Company
- Marine Products Corporation
- Mastercraft Boat Holdings
- Polaris Inc
- Sunseeker International Limited
- White River Marine Group
- Yamaha Motor Co. Ltd.
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