Recreational Boats Market worth $33.7 billion by 2027
                     MarketsandMarkets 
Presents
Recreational Boats Market worth 
$33.7 billion by 2027
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The report "Recreational Boats Market by Boat Type (Outboard 
boats, Inboard boats/stern type, Sail boats/Yachts, Personal 
Watercraft, Inflatable), Power source, Activity Type 
(Watersports+Cruising, Fishing), Distribution Channel, and 
Region - Global Forecast to 2027" The recreational boats market is 
estimated to be USD 26.7 billion in 2019 and is projected to reach USD 
33.7 billion by 2027, at a CAGR of 3.02%. 
Rising disposable income has resulted in an increase in the leisure 
spending such as the purchase of recreational boats. The increase in the 
travel and tourism activities across the globe is also responsible for the 
growth of this market. The recreational boats can be used for carrying out 
different activities like watersports, sailing, cruising and fishing.
Browse 73 market data Tables and 34 Figures spread 
through 119 Pages and in-depth TOC on "Recreational Boats 
Market”
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Outboard boat type is the segment with the highest growth rate 
and this is expected to continue till 2027
Outboard boats have lot of advantages over other boat types such as 
easy access of engine mounting, more spacious deck area etc. This leads 
to benefits such as cost effectiveness, easy maintenance, and easy 
serviceability with high reliability. Outboard boats are available with wide 
range of engines (V6 to V8) depending upon the user preference. 
Outboard boats have maximum share compared to other boat types and 
is expected to reach USD 11.3 billion in 2027.
Cruising +Watersports activity is forecasted to be the largest 
activity type preferred by the boaters
It has been observed that regions like Asia Oceania and North America 
are preferring more adventure and sports activities and this is expected 
to continue to grow till 2027. These activities provide many health 
benefits like stress relieving, greater physical activity, etc. These 
activities are a preferred option for both the tourists as well as the locals 
across different geographies.
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Asia Oceania is the largest market for recreational boats, 
followed by North America
Chinese economy growth is stable, and the transition to a service led 
economy is supporting the rising income of the people. Hence, the 
Chinese boating segment has promising growth. Other Asian countries 
such as Japan, Korea, and India showed promising growth during 2017-
2018 and will continue till 2027. The Asian market is the production hub 
for the European and North American manufacturers. In Australia and 
New Zealand, local demand for foreign made boats has been seen rising 
because the domestic manufacturers are struggling to compete with the 
international players. Maximum imports were led by inboard boats from 
the US, the UK, and Italy and outboard boats from the US and France. 
Germany is exporting sail boats to Australia and New Zealand.
The recreational boats market is dominated by a few global players. The 
key players in the market are Brunswick (USA), Azimut Benetti Group 
(Italy), Sunseeker International Ltd (UK), Groupe Beneteau (France), 
Marine Product Corporation (USA), Bennington Marine LLC (USA), Bavaria 
Yachtbau (Germany), Godfrey Pontoons Group (USA), Lund Boats (USA), 
Tracker Boats (USA), Ranger Boats (USA) Catalina Yachts (USA), Ferretti 
Group (USA), Mahindra Odyssea (India), Hobie Cat Company (USA)
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