出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年6月
レクリエーションボート市場 : ボートのタイプ (帆船、ボート、水上バイク、インフレータブル)、サイズ (<30 フィート、30 ～ 50 フィート、>50 フィート)、エンジンの配置、エンジン (ICE、電気)、材質、アクティビティの種類、動力源、地域別 – 2028年までの世界予測
Recreational Boat Market by Boat Type (Yachts,Sailboats, Personal Watercrafts, Inflatables), Size (<30 Feet, 30-50 Feet, >50 Feet), Engine Placement, Engine (ICE, Electric), Material, Activity Type, Power Source,Region – Global Forecast to 2028
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The global recreational boat market size is projected to grow from USD 18.9 Billion in 2023 to USD 25.9 Billion by 2028, at a CAGR of 6.5%. The recreational boat market is expected to experience growth driven by various factors. The expanding tourism industry and rising disposable incomes contribute to increased demand for recreational boating experiences. Furthermore, advancements in autonomous marine technology are anticipated to fuel the market by attracting a broader customer base, including less skilled recreational boaters who can enjoy boating with ease.
The market benefits from the presence of numerous manufacturers operating in a well-integrated and fragmented industry. This ensures a stable supply of recreational boats to meet the global demand. The industry’s structure allows for a diverse range of boat options and competitive pricing, catering to the varying preferences and budgets of boating enthusiasts worldwide.
“Outboard Engine boats segments expected to have the largest market size during the forecast period”
The outboard engine boats segment currently holds the largest share in the global recreational boat market and is expected to maintain its dominance in the future. The high demand for outboard boats, particularly in the US and Europe, contributes to their leading position. This is primarily attributed to the advantages they offer, such as higher speed, easier docking, and lower maintenance costs compared to other types of boats. Additionally, the fact that the engine is located outside the boat reduces the risk of fire incidents, making outboard boats a popular choice among boating enthusiasts.
“North America is expected to be fastest growing market during the forecast period.”
The North American region is poised to be the largest and fastest-growing market for recreational boats worldwide. This is primarily driven by the high demand for leisure boating and water sports activities in the region. The United States, in particular, is expected to experience significant growth, supported by government initiatives aimed at fostering the recreational boat market. However, the market growth in both the US and Canada may be hindered by emission regulations, which could dampen the demand for recreational boating in the coming years.
Canada also exhibits a strong demand for recreational boats, as it has been one of the most preferred leisure time in the region. The country’s rich waterways and scenic landscapes contribute to the popularity of boating activities. In Mexico, the recreational boat market is gradually gaining traction, and it is considered a fast-growing market in the region. As recreational boating finds its place in the country, the demand for boats and water-based activities is expected to rise steadily.
“Electric Boats is expected to be fastest growing segment during the forecast period”
The future growth of electric boats is anticipated to outpace that of internal combustion (IC) engine boats due to several key factors. One crucial driver is the increasing global emphasis on environmental concerns and sustainability. Electric boats produce zero direct emissions, addressing the pressing need to reduce carbon emissions and combat air and water pollution. Energy efficiency is another significant advantage of electric boats. Electric propulsion systems convert a higher percentage of electrical energy into propulsion, resulting in improved overall efficiency and reduced energy wastage. This translates to lower operational costs, extended range capabilities, and a more sustainable use of resources. Government incentives and support further accelerate the growth of electric boats. Many governments around the world offer subsidies, tax credits, and funding programs to promote the adoption of electric vehicles, including electric boats. These initiatives stimulate market demand and encourage boat manufacturers and consumers to embrace cleaner and more sustainable options.
The growth of the electric boat market follows a specific regional sequence, with North America leading the way, followed by Europe, and then Asia Oceania. This pattern can be attributed to several factors unique to each region.North America, particularly the United States, has established itself as a pioneer in adopting electric vehicle technologies, including electric boats. The region has cultivated a strong awareness of the benefits of electric vehicles and boasts a well-developed infrastructure, including charging networks and government incentives, which have accelerated the adoption of electric boats.Europe, on the other hand, has taken proactive steps in implementing stringent emission regulations and environmental policies. The European Union has set ambitious targets for carbon emission reductions, creating a regulatory environment that encourages the adoption of electric vehicles, including electric boats. The supportive regulatory framework in Europe has played a pivotal role in driving the growth of the electric boat market in the region.Although currently following behind, Asia Oceania is gradually catching up in the growth of the electric boat market. The region is experiencing increasing awareness, improving infrastructure, and a growing interest in recreational boating. With a large population, rising disposable incomes, and an expanding middle class, Asia Oceania presents significant market potential for electric boats in the future.
“North America is expected to be fastest growing market during the forecast period.”
The North American region is poised to be the largest and fastest-growing market for recreational boats worldwide. This is primarily driven by the high demand for leisure boating and water sports activities in the region. The United States, in particular, is expected to experience significant growth, supported by government initiatives aimed at fostering the recreational boat market. However, the market growth in both the US and Canada may be hindered by emission regulations, which could dampen the demand for recreational boating in the coming years.
Canada also exhibits a strong demand for recreational boats, as it has been a traditional leisure time in the region. The country’s rich waterways and scenic landscapes contribute to the popularity of boating activities. In Mexico, the recreational boat market is gradually gaining traction, and it is considered a fast-growing market in the region. As recreational boating finds its place in the country, the demand for boats and water-based activities is expected to rise steadily.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
• By Company Type: Tier I – 33%, Tier II – 17%, and OEMs – 50%
• By Designation: CXOs – 45%, Directors – 35%, and Others – 20%
• By Region: North America – 37%, Europe – 26%, Asia Oceania- 22% and RoW- 15%
The Recreational boat market is dominated by established players such as Brunswick corporation (US), Yamaha Motor Corporation (Japan), Groupe Beneteau (France), Ferretti Group and Malibu Boats (US).. These companies have been developing new products, adopted expansion strategies, and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the recreational boat market.
Research Coverage:
The report covers the Recreational boat market by Boat Type (Yachts, Sailboats, Personal Watercrafts, Inflatables, Others), Boat Size (<30 Feet, 30-50 Feet, >50 Feet), Engine Placement (Outboards, Inboards, Others), Engine Type (ICE, Electric), Material Type (Aluminium, Steel, Fiberglass, Others), Power Range (Up to 100 kW, 100-200 kW, Above 200 kW), Activity Type (Cruising+watersports, Fishing), Power Source (Engine Powered, Sail Powered, Human Powered), Distribution Channel and Region (Asia Oceania, North America, Europe and RoW). It covers the competitive landscape and company profiles of the major players in the recreational boat ecosystem.
The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
• The report will help market leaders/new entrants in this market with information on the closest approximations of revenue numbers for the overall recreational boat market and its subsegments.
• This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
• The report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities
目次
1 INTRODUCTION 38
1.1 STUDY OBJECTIVES 38
1.2 MARKET DEFINITION 39
TABLE 1 RECREATIONAL BOAT MARKET DEFINITION, BY BOAT TYPE 39
TABLE 2 RECREATIONAL BOAT MARKET DEFINITION, BY ENGINE TYPE 39
TABLE 3 RECREATIONAL BOAT MARKET DEFINITION, BY POWER SOURCE TYPE 40
TABLE 4 RECREATIONAL BOAT MARKET DEFINITION, BY ENGINE LOCATION TYPE 40
TABLE 5 RECREATIONAL BOAT MARKET DEFINITION, BY ACTIVITY TYPE 41
1.2.1 INCLUSIONS AND EXCLUSIONS 41
TABLE 6 RECREATIONAL BOAT MARKET: INCLUSIONS AND EXCLUSIONS 41
1.3 MARKET SCOPE 42
FIGURE 1 RECREATIONAL BOAT MARKET SEGMENTATION 42
1.4 YEARS CONSIDERED 42
1.5 CURRENCY CONSIDERED 43
TABLE 7 CURRENCY EXCHANGE RATES 43
1.6 STAKEHOLDERS 43
1.7 SUMMARY OF CHANGES 44
2 RESEARCH METHODOLOGY 45
2.1 RESEARCH DATA 45
FIGURE 2 RECREATIONAL BOAT MARKET: RESEARCH DESIGN 45
FIGURE 3 RECREATIONAL BOAT MARKET: RESEARCH DESIGN MODEL 46
2.1.1 SECONDARY DATA 46
2.1.1.1 Key secondary sources 47
2.1.1.2 Key data from secondary sources 48
2.1.2 PRIMARY DATA 48
2.1.2.1 Key data from primary sources 49
2.1.2.2 List of participating companies for primary research 50
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 50
2.1.2.3 Key objectives of primary research 50
2.1.2.4 List of primary participants 51
2.2 MARKET ESTIMATION METHODOLOGY 51
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 52
2.3 MARKET SIZE ESTIMATION 53
2.3.1 BOTTOM-UP APPROACH 53
FIGURE 6 RECREATIONAL BOAT MARKET: BOTTOM-UP APPROACH 53
2.3.2 TOP-DOWN APPROACH 54
FIGURE 7 RECREATIONAL BOAT MARKET: TOP-DOWN APPROACH 54
FIGURE 8 RECREATIONAL BOAT MARKET: MARKET ESTIMATION NOTES 54
FIGURE 9 RECREATIONAL BOAT MARKET: RESEARCH APPROACH 55
2.3.3 RECREATIONAL BOAT MARKET: DEMAND-SIDE APPROACH 55
2.4 DATA TRIANGULATION 56
FIGURE 10 RECREATIONAL BOAT MARKET: DATA TRIANGULATION 56
2.5 RECREATIONAL BOAT MARKET: FACTOR ANALYSIS 57
2.5.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES 58
2.6 RECESSION IMPACT 58
2.6.1 INTRODUCTION 58
2.6.2 REGIONAL MACROECONOMIC OVERVIEW 59
2.6.3 ANALYSIS OF KEY ECONOMIC INDICATORS 59
TABLE 8 KEY ECONOMIC INDICATORS FOR SELECT COUNTRIES, 2021–2022 59
2.6.4 ECONOMIC STAGFLATION (SLOWDOWN) VS. ECONOMIC RECESSION 60
2.6.4.1 Europe 60
TABLE 9 EUROPE: KEY ECONOMIC INDICATORS, 2021–2023 60
2.6.4.2 Asia Oceania 61
TABLE 10 ASIA OCEANIA KEY ECONOMIC INDICATORS, 2021–2023 61
2.6.4.3 Americas 62
TABLE 11 AMERICAS: KEY ECONOMIC INDICATORS, 2021–2023 62
2.6.5 ECONOMIC OUTLOOK/PROJECTIONS 62
TABLE 12 GDP GROWTH PROJECTIONS FOR KEY COUNTRIES, 2024–2027 (% GROWTH) 62
2.7 RESEARCH ASSUMPTIONS 63
2.8 RESEARCH LIMITATIONS 64
3 EXECUTIVE SUMMARY 65
FIGURE 11 RECREATIONAL BOAT MARKET: MARKET OVERVIEW 65
FIGURE 12 RECREATIONAL BOAT MARKET, BY REGION, 2023 VS. 2028 66
FIGURE 13 KEY PLAYERS OPERATING IN RECREATIONAL BOAT MARKET, BY REGION 67
FIGURE 14 RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 68
FIGURE 15 CRUISING AND WATERSPORTS SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 69
4 PREMIUM INSIGHTS 70
4.1 ATTRACTIVE OPPORTUNITIES IN RECREATIONAL BOAT MARKET 70
FIGURE 16 GROWING DEMAND FOR WATER TOURISM AND INCREASING DISPOSABLE INCOME TO BOOST MARKET DEMAND 70
4.2 RECREATIONAL BOAT MARKET GROWTH RATE, BY REGION 71
FIGURE 17 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE 71
4.3 RECREATIONAL BOAT MARKET, BY BOAT TYPE 71
FIGURE 18 YACHT EXPECTED TO BE LARGEST SEGMENT (2023–2028) 71
4.4 RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE 72
FIGURE 19 CRUISING + WATERSPORTS TO LEAD MARKET DURING FORECAST PERIOD 72
4.5 RECREATIONAL BOAT MARKET, BY ENGINE LOCATION 72
FIGURE 20 OUTBOARD TO BE DOMINANT SEGMENT DURING FORECAST PERIOD 72
4.6 RECREATIONAL BOAT MARKET, BY POWER SOURCE 73
FIGURE 21 ENGINE-POWERED BOATS TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD 73
4.7 RECREATIONAL BOAT MARKET, BY BOAT SIZE 73
FIGURE 22 <30 FT SEGMENT TO HAVE HIGHEST CAGR DURING FORECAST PERIOD 73
4.8 RECREATIONAL BOAT MARKET, BY ENGINE TYPE 74
FIGURE 23 ELECTRIC ENGINE TO BE FASTEST-GROWING SEGMENT (2023–2028) 74
4.9 RECREATIONAL BOAT MARKET, BY MATERIAL TYPE 74
FIGURE 24 ALUMINUM BOATS TO LEAD MARKET GROWTH DURING FORECAST PERIOD 74
4.10 RECREATIONAL BOAT MARKET, BY POWER RANGE 75
FIGURE 25 UPTO 100 KW BOATS TO HAVE MAJOR MARKET SHARE DURING FORECAST PERIOD 75
5 MARKET OVERVIEW 76
5.1 INTRODUCTION 76
5.2 MARKET DYNAMICS 77
FIGURE 26 RECREATIONAL BOAT MARKET DYNAMICS 77
TABLE 13 RECREATIONAL BOAT MARKET: IMPACT OF MARKET DYNAMICS 78
5.2.1 DRIVERS 79
5.2.1.1 Rising disposable incomes 79
5.2.1.2 Growing tourism industry 80
FIGURE 27 GROWTH OF TOURISM INDUSTRY, 2010–2021 81
FIGURE 28 EUROPE: TOURIST NIGHT ACCOMMODATION DATA, 2020–2022 81
5.2.1.3 Increasing number of boat shows 82
5.2.1.4 Integration of latest technologies in boats 82
FIGURE 29 NEW TECHNOLOGIES BOOSTING MARKET 82
5.2.2 RESTRAINTS 83
5.2.2.1 Strict pollution norms for recreational boats 83
FIGURE 30 COMPARISON OF EMISSION REGULATIONS 84
5.2.2.2 Setting up of zero-emission zones 84
FIGURE 31 CARBON FOOTPRINT PER GALLON FOR MARINE FUELS 84
5.2.3 OPPORTUNITIES 85
5.2.3.1 Online market to boost sales 85
TABLE 14 RECREATIONAL BOAT MARKET PLAYERS PARTNERING WITH E-COMMERCE PLATFORMS 86
FIGURE 32 ONLINE SALES OF BENNINGTON BOATS 86
5.2.3.2 Global expansion of recreational boat manufacturers 87
FIGURE 33 REGIONAL BREAKUP OF REVENUE OF TOP 5 COMPANIES 88
5.2.3.3 Localized servicing of recreational boats 88
TABLE 15 MAJOR TYPES OF BOAT REPAIR AND SERVICING 89
5.2.4 CHALLENGES 89
5.2.4.1 Fluctuating demand 89
5.2.4.2 Presence of trade barriers in boating industry 90
5.3 PRICING ANALYSIS 91
TABLE 16 RECREATIONAL BOAT MARKET: AVERAGE PRICING ANALYSIS (2022) 91
TABLE 17 RECREATIONAL BOAT MARKET: COMPANY-WISE PRICING ANALYSIS (USD) FOR FIBERGLASS AND ALUMINUM BOATS 92
TABLE 18 RECREATIONAL BOAT MARKET: COMPANY-WISE PRICING ANALYSIS (USD) FOR JON AND UTILITY BOATS 92
TABLE 19 RECREATIONAL BOAT MARKET: COMPANY-WISE PRICING ANALYSIS (USD) FOR PONTOONS 93
TABLE 20 RECREATIONAL BOAT MARKET: COMPANY-WISE PRICING ANALYSIS (USD) FOR CANOE 93
5.4 ECOSYSTEM ANALYSIS 94
FIGURE 34 RECREATIONAL BOAT MARKET: ECOSYSTEM ANALYSIS 94
5.4.1 MARINE COMPONENT MANUFACTURERS 94
5.4.2 MARINE ENGINE MANUFACTURERS 94
5.4.3 OEMS 95
5.4.4 DISTRIBUTORS, DEALERS, AND SERVICE PROVIDERS 95
TABLE 21 RECREATIONAL BOAT MARKET: ROLE OF COMPANIES IN ECOSYSTEM 95
5.5 VALUE CHAIN ANALYSIS 96
FIGURE 35 RECREATIONAL BOAT MARKET: VALUE CHAIN ANALYSIS 97
5.6 CASE STUDY ANALYSIS 98
5.6.1 FUEL CELL-BASED PROPULSION FOR SHIPS 98
5.6.2 FULL CARBON FIBER-BASED BOATS 98
5.7 PATENT ANALYSIS 99
TABLE 22 PATENT REGISTRATIONS IN RECREATIONAL BOAT MARKET 99
5.8 TRADE ANALYSIS 101
5.8.1 IMPORT DATA 101
TABLE 23 US: IMPORT SHARE, BY COUNTRY (VALUE %) 101
TABLE 24 MEXICO: IMPORT SHARE, BY COUNTRY (VALUE %) 101
TABLE 25 CHINA: IMPORT SHARE, BY COUNTRY (VALUE %) 101
TABLE 26 JAPAN: IMPORT SHARE, BY COUNTRY (VALUE %) 102
TABLE 27 INDIA: IMPORT SHARE, BY COUNTRY (VALUE %) 102
TABLE 28 GERMANY: IMPORT SHARE, BY COUNTRY (VALUE %) 102
5.8.2 EXPORT DATA 103
TABLE 29 US: EXPORT SHARE, BY COUNTRY (VALUE %) 103
TABLE 30 MEXICO: EXPORT SHARE, BY COUNTRY (VALUE %) 103
TABLE 31 CHINA: EXPORT SHARE, BY COUNTRY (VALUE %) 103
TABLE 32 JAPAN: EXPORT SHARE, BY COUNTRY (VALUE %) 104
TABLE 33 INDIA: EXPORT SHARE, BY COUNTRY (VALUE %) 104
TABLE 34 GERMANY: EXPORT SHARE, BY COUNTRY (VALUE %) 104
5.9 TECHNOLOGY ANALYSIS 104
TABLE 35 UPCOMING TECHNOLOGY TRENDS, BY BOAT PARTS 105
5.9.1 CARBON FIBER AND GRAPHENE 105
5.9.2 ASSISTED DIGITAL DOCKING 106
5.9.3 IOT-BASED NAVIGATION SYSTEM 106
FIGURE 36 IOT-BASED NAVIGATION SYSTEM 106
5.9.4 HYBRID MARINE PROPULSION 107
FIGURE 37 HYBRID MARINE PROPULSION 107
5.10 REGULATORY LANDSCAPE 107
TABLE 36 RECREATIONAL BOAT MARKET: COUNTRY-WISE REGULATIONS 108
5.11 KEY CONFERENCES AND EVENTS IN 2023–2024 110
TABLE 37 RECREATIONAL BOAT MARKET: KEY CONFERENCES AND EVENTS 110
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA 110
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 111
FIGURE 38 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 111
TABLE 38 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS (%) 111
5.12.2 BUYING CRITERIA 112
5.12.2.1 Yacht 112
5.12.2.2 Sailboat 112
5.12.2.3 Personal watercraft 112
FIGURE 39 KEY BUYING CRITERIA FOR RECREATIONAL BOATS 112
TABLE 39 KEY BUYING CRITERIA FOR RECREATIONAL BOATS 113
5.13 TRENDS/DISRUPTIONS IMPACTING BUYERS IN RECREATIONAL BOAT MARKET 113
FIGURE 40 TRENDS/DISRUPTIONS IMPACTING BUYERS IN RECREATIONAL BOAT MARKET 113
5.14 RECREATIONAL BOAT MARKET, MARKET SCENARIOS (2023–2028) 114
5.14.1 MOST LIKELY SCENARIO 114
TABLE 40 MOST LIKELY SCENARIO: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 114
5.14.2 OPTIMISTIC SCENARIO 114
TABLE 41 OPTIMISTIC SCENARIO: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 115
5.14.3 PESSIMISTIC SCENARIO 115
TABLE 42 PESSIMISTIC SCENARIO: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 115
6 RECREATIONAL BOAT MARKET, BY BOAT TYPE 116
6.1 INTRODUCTION 117
FIGURE 41 YACHT SEGMENT TO WITNESS STABLE GROWTH DURING FORECAST PERIOD 117
TABLE 43 RECREATIONAL BOAT MARKET, BY BOAT TYPE, 2018–2022 (UNITS) 117
TABLE 44 RECREATIONAL BOAT MARKET, BY BOAT TYPE, 2023–2028 (UNITS) 118
TABLE 45 RECREATIONAL BOAT MARKET, BY BOAT TYPE, 2018–2022 (USD MILLION) 118
TABLE 46 RECREATIONAL BOAT MARKET, BY BOAT TYPE, 2023–2028 (USD MILLION) 118
6.2 OPERATIONAL DATA 119
TABLE 47 POPULAR RECREATIONAL BOAT PROVIDERS 119
6.3 YACHT 119
6.3.1 SUSTAINABLE DEVELOPMENT IN POWER SYSTEMS FOR ENHANCED CONNECTIVITY AND USAGE 119
TABLE 48 YACHT: RECREATIONAL BOAT MARKET, REGION, 2018–2022 (UNITS) 120
TABLE 49 YACHT: RECREATIONAL BOAT MARKET, REGION, 2023–2028 (UNITS) 120
TABLE 50 YACHT: RECREATIONAL BOAT MARKET, REGION, 2018–2022 (USD MILLION) 121
TABLE 51 YACHT: RECREATIONAL BOAT MARKET, REGION, 2023–2028 (USD MILLION) 121
6.4 SAILBOAT 121
6.4.1 SAVES ON ENGINE REPAIRS AND MAINTENANCE COSTS 121
TABLE 52 SAILBOAT: RECREATIONAL BOAT MARKET, REGION, 2018–2022 (UNITS) 122
TABLE 53 SAILBOAT: RECREATIONAL BOAT MARKET, REGION, 2023–2028 (UNITS) 122
TABLE 54 SAILBOAT: RECREATIONAL BOAT MARKET, REGION, 2018–2022 (USD MILLION) 122
TABLE 55 SAILBOAT: RECREATIONAL BOAT MARKET, REGION, 2023–2028 (USD MILLION) 123
6.5 PERSONAL WATERCRAFT 123
6.5.1 ELECTRIFICATION TO GAIN TRACTION 123
TABLE 56 PERSONAL WATERCRAFT: RECREATIONAL BOAT MARKET, REGION, 2018–2022 (UNITS) 124
TABLE 57 PERSONAL WATERCRAFT: RECREATIONAL BOAT MARKET, REGION, 2023–2028 (UNITS) 124
TABLE 58 PERSONAL WATERCRAFT: RECREATIONAL BOAT MARKET, REGION, 2018–2022 (USD MILLION) 124
TABLE 59 PERSONAL WATERCRAFT: RECREATIONAL BOAT MARKET, REGION, 2023–2028 (USD MILLION) 125
6.6 INFLATABLE BOAT 125
6.6.1 USED FOR RESCUE, RECREATIONAL, AND EMERGENCY OPERATIONS 125
TABLE 60 INFLATABLE BOAT: RECREATIONAL BOAT MARKET, REGION, 2018–2022 (UNITS) 126
TABLE 61 INFLATABLE BOAT: RECREATIONAL BOAT MARKET, REGION, 2023–2028 (UNITS) 126
TABLE 62 INFLATABLE BOAT: RECREATIONAL BOAT MARKET, REGION, 2018–2022 (USD MILLION) 126
TABLE 63 INFLATABLE BOAT: RECREATIONAL BOAT MARKET, REGION, 2023–2028 (USD MILLION) 127
6.7 OTHERS 127
6.7.1 HIGH DEMAND FOR HOUSEBOATS AND CATAMARANS 127
TABLE 64 OTHERS: RECREATIONAL BOAT MARKET, REGION, 2018–2022 (UNITS) 127
TABLE 65 OTHERS: RECREATIONAL BOAT MARKET, REGION, 2023–2028 (UNITS) 128
TABLE 66 OTHERS: RECREATIONAL BOAT MARKET, REGION, 2018–2022 (USD MILLION) 128
TABLE 67 OTHERS: RECREATIONAL BOAT MARKET, REGION, 2023–2028 (USD MILLION) 128
6.8 KEY INDUSTRY INSIGHTS 129
7 RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE 130
7.1 INTRODUCTION 131
FIGURE 42 CRUISING + WATERSPORTS SEGMENT TO HAVE LARGER MARKET SHARE DURING FORECAST PERIOD 131
TABLE 68 RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (UNITS) 131
TABLE 69 RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (UNITS) 131
TABLE 70 RECREATIONAL BOAT MARKET, ACTIVITY TYPE, 2018–2022 (USD MILLION) 132
TABLE 71 RECREATIONAL BOAT MARKET, ACTIVITY TYPE, 2023–2028 (USD MILLION) 132
7.2 OPERATIONAL DATA 132
TABLE 72 POPULAR BOAT PROVIDERS WORLDWIDE 132
7.3 CRUISING + WATERSPORTS 133
7.3.1 HIGH GROWTH DUE TO TOURIST ACTIVITIES AND HIGH-INCOME INDIVIDUALS 133
TABLE 73 CRUISING + WATERSPORTS: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 133
TABLE 74 CRUISING + WATERSPORTS: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 134
TABLE 75 CRUISING + WATERSPORTS: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 134
TABLE 76 CRUISING + WATERSPORTS: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 134
7.4 FISHING 135
7.4.1 RESTRICTIONS ON FISHING TO REDUCE DEMAND 135
TABLE 77 FISHING: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 135
TABLE 78 FISHING: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 135
TABLE 79 FISHING: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 136
TABLE 80 FISHING: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 136
7.5 KEY INDUSTRY INSIGHTS 137
8 RECREATIONAL BOAT MARKET, BY BOAT SIZE 138
8.1 INTRODUCTION 139
FIGURE 43 <30 FEET SEGMENT TO GROW AT FASTEST PACE DURING FORECAST PERIOD 139
TABLE 81 RECREATIONAL BOAT MARKET, BY BOAT SIZE, 2018–2022 (UNITS) 139
TABLE 82 RECREATIONAL BOAT MARKET, BY BOAT SIZE, 2023–2028 (UNITS) 140
TABLE 83 RECREATIONAL BOAT MARKET, BOAT SIZE, 2018–2022 (USD MILLION) 140
TABLE 84 RECREATIONAL BOAT MARKET, BOAT SIZE, 2023–2028 (USD MILLION) 140
8.2 OPERATIONAL DATA 141
TABLE 85 BOAT CATEGORIZATION AND TOP BRANDS WORLDWIDE 141
8.3 <30 FEET 142
8.3.1 HIGH GROWTH DUE TO INCREASING WATERSPORTS 142
TABLE 86 <30 FEET: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 142
TABLE 87 <30 FEET: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 142
TABLE 88 <30 FEET: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 143
TABLE 89 <30 FEET: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 143 8.4 30–50 FEET 144 8.4.1 IDEAL FOR LONG-RANGE BOATING AND RECREATIONAL ACTIVITIES 144 TABLE 90 30–50 FEET: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 144 TABLE 91 30–50 FEET: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 144 TABLE 92 30–50 FEET: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 144 TABLE 93 30–50 FEET: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 145 8.5 >50 FEET 145
8.5.1 GROWTH IN SALES DUE TO STATE-SPONSORED TOURISM INITIATIVES 145
TABLE 94 >50 FEET: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 146
TABLE 95 >50 FEET: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 146
TABLE 96 >50 FEET: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 146
TABLE 97 >50 FEET: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 147
8.6 KEY INDUSTRY INSIGHTS 147
9 RECREATIONAL BOAT MARKET, BY MATERIAL TYPE 148
9.1 INTRODUCTION 149
FIGURE 44 ALUMINUM BOATS TO WITNESS FASTEST GROWTH DUE TO RISING SALES OF LUXURY YACHTS 149
TABLE 98 RECREATIONAL BOAT MARKET, BY MATERIAL TYPE, 2018–2022 (UNITS) 149
TABLE 99 RECREATIONAL BOAT MARKET, BY MATERIAL TYPE, 2023–2028 (UNITS) 150
TABLE 100 RECREATIONAL BOAT MARKET, BY MATERIAL TYPE, 2018–2022 (USD MILLION) 150
TABLE 101 RECREATIONAL BOAT MARKET, BY MATERIAL TYPE, 2023–2028 (USD MILLION) 150
FIGURE 45 PAYLOAD, PERFORMANCE, AND COST MATRIX FOR SELECTING MATERIAL FOR BOAT STRUCTURE CONSTRUCTION 151
9.2 OPERATIONAL DATA 151
TABLE 102 MATERIAL-WISE RECREATIONAL BOAT PROVIDERS WORLDWIDE 151
9.3 ALUMINUM 152
9.3.1 LOWER COST AND HIGH APPLICABILITY IN SMALL BOATS 152
TABLE 103 ALUMINUM: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 152
TABLE 104 ALUMINUM: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 153
TABLE 105 ALUMINUM: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 153
TABLE 106 ALUMINUM: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 153
9.4 STEEL 154
9.4.1 APPLICATION BASE ACROSS VARIOUS SIZES AND SPECTRUMS 154
TABLE 107 STEEL: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 154
TABLE 108 STEEL: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 154
TABLE 109 STEEL: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 155
TABLE 110 STEEL: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 155
9.5 FIBERGLASS 156
9.5.1 PROVIDES HIGHER SAILING STABILITY AND MORE COMPLEX HULL DESIGNS 156
TABLE 111 FIBERGLASS: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 156
TABLE 112 FIBERGLASS: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 156
TABLE 113 FIBERGLASS: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 157
TABLE 114 FIBERGLASS: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 157
9.6 OTHERS 158
9.6.1 MEET SPECIFIC DEMANDS IN MANUFACTURING RECREATIONAL BOATS 158
TABLE 115 OTHERS: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 158
TABLE 116 OTHERS: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 158
TABLE 117 OTHERS: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 159
TABLE 118 OTHERS: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 159
9.7 KEY INDUSTRY INSIGHTS 159
10 RECREATIONAL BOAT MARKET, BY ENGINE LOCATION 160
10.1 INTRODUCTION 161
FIGURE 46 OUTBOARD BOATS ESTIMATED TO LEAD MARKET, BY VALUE 161
TABLE 119 RECREATIONAL BOAT MARKET, BY ENGINE LOCATION, 2018–2022 (UNITS) 161
TABLE 120 RECREATIONAL BOAT MARKET, BY ENGINE LOCATION, 2023–2028 (UNITS) 162
TABLE 121 RECREATIONAL BOAT MARKET, BY ENGINE LOCATION, 2018–2022 (USD MILLION) 162
TABLE 122 RECREATIONAL BOAT MARKET, BY ENGINE LOCATION, 2023–2028 (USD MILLION) 162
10.2 OPERATIONAL DATA 163
TABLE 123 POPULAR RECREATIONAL BOAT PROVIDERS WORLDWIDE 163
10.3 OUTBOARD 164
10.3.1 EASY MAINTENANCE AND LOWER COST 164
TABLE 124 OUTBOARD: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 164
TABLE 125 OUTBOARD: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 164
TABLE 126 OUTBOARD: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 165
TABLE 127 OUTBOARD: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 165
10.4 INBOARD 166
10.4.1 STABLE GROWTH DUE TO BETTER EFFICIENCY AND RANGE 166
TABLE 128 INBOARD: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 166
TABLE 129 INBOARD: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 166
TABLE 130 INBOARD: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 167
TABLE 131 INBOARD: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 167
10.5 OTHERS 167
10.5.1 STERNDRIVE BOATS TO WITNESS GROWTH DURING FORECAST PERIOD 167
TABLE 132 OTHERS: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 168
TABLE 133 OTHERS: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 168
TABLE 134 OTHERS: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 168
TABLE 135 OTHERS: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 169
10.6 KEY INDUSTRY INSIGHTS 169
11 RECREATIONAL BOAT MARKET, BY ENGINE TYPE 170
11.1 INTRODUCTION 171
FIGURE 47 ELECTRIC-ENGINE BOATS TO BE DOMINANT DURING FORECAST PERIOD 171
TABLE 136 RECREATIONAL BOAT MARKET, BY ENGINE TYPE, 2018–2022 (UNITS) 171
TABLE 137 RECREATIONAL BOAT MARKET, BY ENGINE TYPE, 2023–2028 (UNITS) 172
TABLE 138 RECREATIONAL BOAT MARKET, BY ENGINE TYPE, 2018–2022 (USD MILLION) 172
TABLE 139 RECREATIONAL BOAT MARKET, BY ENGINE TYPE, 2023–2028 (USD MILLION) 172
11.2 OPERATIONAL DATA 173
TABLE 140 BOAT CATEGORIZATION AND TOP BRANDS 173
11.3 IC 174
11.3.1 MOST COMMONLY USED BOATS WORLDWIDE 174
TABLE 141 IC: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 174
TABLE 142 IC: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 174
TABLE 143 IC: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 175
TABLE 144 IC: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 175
11.4 ELECTRIC 176
11.4.1 LIMITS EMISSION AND CARBON FOOTPRINT 176
TABLE 145 ELECTRIC: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 176
TABLE 146 ELECTRIC: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 176
TABLE 147 ELECTRIC: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 177
TABLE 148 ELECTRIC: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 177
11.5 KEY INDUSTRY INSIGHTS 178
12 RECREATIONAL BOAT MARKET, BY POWER SOURCE 179
12.1 INTRODUCTION 180
FIGURE 48 ENGINE-POWERED BOAT SEGMENT TO LEAD MARKET GLOBALLY 180
TABLE 149 RECREATIONAL BOAT MARKET, BY POWER SOURCE, 2018–2022 (UNITS) 180
TABLE 150 RECREATIONAL BOAT MARKET, BY POWER SOURCE, 2023–2028 (UNITS) 181
TABLE 151 RECREATIONAL BOAT MARKET, BY POWER SOURCE, 2018–2022 (USD MILLION) 181
TABLE 152 RECREATIONAL BOAT MARKET, BY POWER SOURCE, 2023–2028 (USD MILLION) 181
12.2 OPERATIONAL DATA 182
TABLE 153 RECREATIONAL BOAT PROVIDERS WORLDWIDE 182
12.3 ENGINE-POWERED 183
12.3.1 HIGHER EFFICIENCY AND GREATER RANGE 183
TABLE 154 ENGINE-POWERED: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 183
TABLE 155 ENGINE-POWERED: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 184
TABLE 156 ENGINE-POWERED: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 184
TABLE 157 ENGINE-POWERED: RECREATIONAL BOAT MARKET, BY REGION 2023–2028 (USD MILLION) 184
12.4 SAIL-POWERED 185
12.4.1 ENVIRONMENT FRIENDLY AND REQUIRE MANUAL LABOR 185
TABLE 158 SAIL-POWERED: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 185
TABLE 159 SAIL-POWERED: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 185
TABLE 160 SAIL-POWERED: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 185
TABLE 161 SAIL-POWERED: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 186
12.5 HUMAN-POWERED 186
12.5.1 HIGH DEMAND IN WATERSPORTS 186
TABLE 162 HUMAN-POWERED: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 186
TABLE 163 HUMAN-POWERED: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 187
TABLE 164 HUMAN-POWERED: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 187
TABLE 165 HUMAN-POWERED: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 187
12.6 KEY INDUSTRY INSIGHTS 188
13 RECREATIONAL BOAT MARKET, BY POWER RANGE 189
13.1 INTRODUCTION 190
FIGURE 49 UPTO 100 KW SEGMENT ESTIMATED TO LEAD MARKET, BY VALUE (2023–2028) 190
TABLE 166 RECREATIONAL BOAT MARKET, BY POWER RANGE, 2018–2022 (UNITS) 190
TABLE 167 RECREATIONAL BOAT MARKET, BY POWER RANGE, 2023–2028 (UNITS) 191
TABLE 168 RECREATIONAL BOAT MARKET, BY POWER RANGE, 2018–2022 (USD MILLION) 191
TABLE 169 RECREATIONAL BOAT MARKET, BY POWER RANGE, 2023–2028 (USD MILLION) 191
13.2 OPERATIONAL DATA 192
TABLE 170 ELECTRIC RECREATIONAL BOAT POWER RANGE CATEGORIZATION 192
FIGURE 50 LENGTH VS. PREFERRED POWER RANGE FOR RECREATIONAL BOATS 194
13.3 UP TO 100 KW 194
13.3.1 SMALL, LOW COST, AND EASY MAINTENANCE 194
TABLE 171 UPTO 100 KW: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 194
TABLE 172 UPTO 100 KW: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 195
TABLE 173 UPTO 100 KW: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 195
TABLE 174 UPTO 100 KW: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 195
13.4 100 KW–200 KW 196
13.4.1 STABLE GROWTH DUE TO PREFERENCE FOR INDIVIDUAL LUXURY BOATS 196
TABLE 175 100 KW–200 KW: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 196
TABLE 176 100 KW–200 KW: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 196
TABLE 177 100 KW–200 KW: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 196
TABLE 178 100 KW–200 KW: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 197
13.5 ABOVE 200 KW 197
13.5.1 INCREASED USAGE IN HEAVY CATEGORY YACHTS 197
TABLE 179 ABOVE 200 KW: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 197
TABLE 180 ABOVE 200 KW: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 198
TABLE 181 ABOVE 200 KW: RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 198
TABLE 182 ABOVE 200 KW: RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 198
13.6 KEY INDUSTRY INSIGHTS 199
14 RECREATIONAL BOAT MARKET, BY DISTRIBUTION CHANNEL 200
14.1 INTRODUCTION 201
14.2 DEALERSHIPS 201
14.3 BOAT SHOWS 202
14.4 ONLINE SALES 202
15 RECREATIONAL BOAT MARKET, BY REGION 203
15.1 INTRODUCTION 204
FIGURE 51 NORTH AMERICA TO WITNESS HIGHEST CAGR IN RECREATIONAL BOAT MARKET DURING FORECAST PERIOD 204
TABLE 183 RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (UNITS) 204
TABLE 184 RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (UNITS) 205
TABLE 185 RECREATIONAL BOAT MARKET, BY REGION, 2018–2022 (USD MILLION) 205
TABLE 186 RECREATIONAL BOAT MARKET, BY REGION, 2023–2028 (USD MILLION) 205
15.2 NORTH AMERICA 206
15.2.1 RECESSION IMPACT 206
FIGURE 52 NORTH AMERICA: RECREATIONAL BOAT MARKET SNAPSHOT 207
TABLE 187 NORTH AMERICA: RECREATIONAL BOAT MARKET, BY COUNTRY, 2018–2022 (UNITS) 207
TABLE 188 NORTH AMERICA: RECREATIONAL BOAT MARKET, BY COUNTRY, 2023–2028 (UNITS) 208
TABLE 189 NORTH AMERICA: RECREATIONAL BOAT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 208
TABLE 190 NORTH AMERICA: RECREATIONAL BOAT MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 208
15.2.2 US 209
15.2.2.1 Major investments in sustainable energy innovation 209
TABLE 191 US: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (UNITS) 209
TABLE 192 US: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (UNITS) 209
TABLE 193 US: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (USD MILLION) 210
TABLE 194 US: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (USD MILLION) 210
15.2.3 CANADA 210
15.2.3.1 Strict regulations for safety and emissions 210
TABLE 195 CANADA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (UNITS) 211
TABLE 196 CANADA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (UNITS) 211
TABLE 197 CANADA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (USD MILLION) 211
TABLE 198 CANADA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (USD MILLION) 211
15.2.4 MEXICO 212
15.2.4.1 Growing influence from US and Canadian markets 212
TABLE 199 MEXICO: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (UNITS) 212
TABLE 200 MEXICO: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (UNITS) 212
TABLE 201 MEXICO: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (USD MILLION) 212
TABLE 202 MEXICO: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (USD MILLION) 213
15.3 EUROPE 213
FIGURE 53 EUROPE: RECREATIONAL BOAT MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 213
TABLE 203 EUROPE: RECREATIONAL BOAT MARKET, BY COUNTRY, 2018–2022 (UNITS) 214
TABLE 204 EUROPE: RECREATIONAL BOAT MARKET, BY COUNTRY, 2023–2028 (UNITS) 214
TABLE 205 EUROPE: RECREATIONAL BOAT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 214
TABLE 206 EUROPE: RECREATIONAL BOAT MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 215
FIGURE 54 EVAPORATIVE EMISSIONS CONTRIBUTION BY CRAFT TYPE (%) IN EUROPE 215
TABLE 207 NUMBER OF MARINE FACILITIES BY COUNTRY, BY TYPE 216
15.3.1 RECESSION IMPACT 216
TABLE 208 CURRENT CAPACITY OF BOAT BUILDING INDUSTRY 216
15.3.2 GERMANY 217
15.3.2.1 Increasing emission norms to regulate market 217
TABLE 209 GERMANY: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (UNITS) 218
TABLE 210 GERMANY: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (UNITS) 218
TABLE 211 GERMANY: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022(USD MILLION) 218
TABLE 212 GERMANY: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (USD MILLION) 218
15.3.3 FRANCE 219
15.3.3.1 Largest European market and top exporter 219
TABLE 213 FRANCE: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (UNITS) 219
TABLE 214 FRANCE: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (UNITS) 219
TABLE 215 FRANCE: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (USD MILLION) 220
TABLE 216 FRANCE: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (USD MILLION) 220
15.3.4 SPAIN 220
15.3.4.1 Steady domestic demand 220
TABLE 217 SPAIN: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (UNITS) 221
TABLE 218 SPAIN: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (UNITS) 221
TABLE 219 SPAIN: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (USD MILLION) 221
TABLE 220 SPAIN: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (USD MILLION) 221
15.3.5 UK 222
15.3.5.1 Well-developed waterways and tourist footfall 222
TABLE 221 UK: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (UNITS) 222
TABLE 222 UK: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (UNITS) 222
TABLE 223 UK: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (USD MILLION) 222
TABLE 224 UK: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (USD MILLION) 223
15.3.6 ITALY 223
15.3.6.1 Strong demand due to tourism and holiday season 223
TABLE 225 ITALY: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (UNITS) 223
TABLE 226 ITALY: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (UNITS) 224
TABLE 227 ITALY: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (USD MILLION) 224
TABLE 228 ITALY: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (USD MILLION) 224
15.4 ASIA OCEANIA 225
15.4.1 RECESSION IMPACT 225
FIGURE 55 ASIA OCEANIA: RECREATIONAL BOAT MARKET SNAPSHOT 226
TABLE 229 ASIA OCEANIA: RECREATIONAL BOAT MARKET, BY COUNTRY, 2018–2022 (UNITS) 226
TABLE 230 ASIA OCEANIA: RECREATIONAL BOAT MARKET, BY COUNTRY, 2023–2028 (UNITS) 227
TABLE 231 ASIA OCEANIA: RECREATIONAL BOAT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 227
TABLE 232 ASIA OCEANIA: RECREATIONAL BOAT MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 227
15.4.2 INDIA 228
15.4.2.1 Growing focus on water transport and water activities 228
TABLE 233 INDIA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (UNITS) 228
TABLE 234 INDIA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (UNITS) 228
TABLE 235 INDIA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022(USD MILLION) 229
TABLE 236 INDIA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (USD MILLION) 229
15.4.3 JAPAN 229
15.4.3.1 High demand for watersports and recreational fishing boats 229
TABLE 237 JAPAN: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (UNITS) 230
TABLE 238 JAPAN: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (UNITS) 230
TABLE 239 JAPAN: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (USD MILLION) 230
TABLE 240 JAPAN: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (USD MILLION) 230
15.4.4 CHINA 231
15.4.4.1 Growing demand for luxury and leisure automotive and booming fishing industry 231
TABLE 241 CHINA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (UNITS) 231
TABLE 242 CHINA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (UNITS) 231
TABLE 243 CHINA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (USD MILLION) 232
TABLE 244 CHINA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (USD MILLION) 232
15.4.5 SOUTH KOREA 232
15.4.5.1 Growing demand for recreational boats due to rising income 232
TABLE 245 SOUTH KOREA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (UNITS) 233
TABLE 246 SOUTH KOREA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (UNITS) 233
TABLE 247 SOUTH KOREA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (USD MILLION) 233
TABLE 248 SOUTH KOREA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (USD MILLION) 233
15.4.6 AUSTRALIA 234
15.4.6.1 Popular destination for recreational boating and other water-based activities 234
TABLE 249 AUSTRALIA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (UNITS) 234
TABLE 250 AUSTRALIA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (UNITS) 234
TABLE 251 AUSTRALIA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (USD MILLION) 235
TABLE 252 AUSTRALIA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (USD MILLION) 235
15.4.7 NEW ZEALAND 235
15.4.7.1 Focus on leisure activities and fishing 235
TABLE 253 NEW ZEALAND: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (UNITS) 236
TABLE 254 NEW ZEALAND: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (UNITS) 236
TABLE 255 NEW ZEALAND: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022(USD MILLION) 236
TABLE 256 NEW ZEALAND: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (USD MILLION) 236
15.5 REST OF THE WORLD 237
15.5.1 RECESSION IMPACT 237
FIGURE 56 REST OF THE WORLD: RECREATIONAL BOAT MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 237
TABLE 257 REST OF THE WORLD: RECREATIONAL BOAT MARKET, BY COUNTRY, 2018–2022 (UNITS) 238
TABLE 258 REST OF THE WORLD: RECREATIONAL BOAT MARKET, BY COUNTRY, 2023–2028 (UNITS) 238
TABLE 259 REST OF THE WORLD: RECREATIONAL BOAT MARKET, BY COUNTRY, 2018–2022 (USD MILLION) 238
TABLE 260 REST OF THE WORLD: RECREATIONAL BOAT MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 238
15.5.2 BRAZIL 239
15.5.2.1 Substantial demand being famous boating destination 239
TABLE 261 BRAZIL: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (UNITS) 239
TABLE 262 BRAZIL: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (UNITS) 239
TABLE 263 BRAZIL: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (USD MILLION) 239
TABLE 264 BRAZIL: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (USD MILLION) 240
15.5.3 RUSSIA 240
15.5.3.1 Geopolitical scenarios to lead to supply chain issues 240
TABLE 265 RUSSIA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (UNITS) 241
TABLE 266 RUSSIA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (UNITS) 241
TABLE 267 RUSSIA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2018–2022 (USD MILLION) 241
TABLE 268 RUSSIA: RECREATIONAL BOAT MARKET, BY ACTIVITY TYPE, 2023–2028 (USD MILLION) 241
16 COMPETITIVE LANDSCAPE 242
16.1 OVERVIEW 242
16.2 MARKET SHARE ANALYSIS FOR RECREATIONAL BOAT MARKET 242
TABLE 269 MARKET SHARE ANALYSIS, 2022 242
FIGURE 57 MARKET SHARE ANALYSIS, 2022 243
FIGURE 58 COMPETITIVE LANDSCAPE BY COMPANY, BY REGION 243
16.2.1 BRUNSWICK CORPORATION (US) 244
16.2.2 GROUPE BENETEAU (FRANCE) 244
16.2.3 YAMAHA MOTOR COMPANY (JAPAN) 244
16.2.4 FERRETTI GROUP (ITALY) 245
16.2.5 MALIBU BOATS (US) 245
16.3 REVENUE ANALYSIS OF TOP 5 PLAYERS 245
FIGURE 59 REVENUE ANALYSIS, 2018–2023 245
16.4 COMPANY EVALUATION QUADRANT FOR RECREATIONAL BOAT MARKET 246
16.4.1 STARS 246
16.4.2 EMERGING LEADERS 246
16.4.3 PERVASIVE PLAYERS 246
16.4.4 PARTICIPANTS 246
FIGURE 60 RECREATIONAL BOAT MARKET: COMPANY EVALUATION QUADRANT, 2022 247
16.4.5 RECREATIONAL BOAT MARKET: COMPANY FOOTPRINT, 2022 248
16.4.6 RECREATIONAL BOAT MARKET: APPLICATION FOOTPRINT, 2022 249
16.4.7 RECREATIONAL BOAT MARKET: REGIONAL FOOTPRINT, 2022 250
16.5 COMPETITIVE EVALUATION QUADRANT, SME PLAYERS 251
16.5.1 PROGRESSIVE COMPANIES 251
16.5.2 RESPONSIVE COMPANIES 251
16.5.3 DYNAMIC COMPANIES 251
16.5.4 STARTING BLOCKS 251
FIGURE 61 RECREATIONAL BOAT MARKET: COMPETITIVE LEADERSHIP MAPPING (SMES), 2022 252
16.6 COMPETITIVE SCENARIO 252
16.6.1 PRODUCT LAUNCHES 252
TABLE 270 PRODUCT LAUNCHES, 2020–2023 253
16.6.2 DEALS 255
TABLE 271 DEALS, 2020–2023 255
16.6.3 OTHERS 257
TABLE 272 OTHERS, 2020–2023 257
16.7 COMPETITIVE BENCHMARKING 258
TABLE 273 RECREATIONAL BOAT MARKET: DETAILED LIST OF KEY STARTUPS/SMES 258
TABLE 274 RECREATIONAL BOAT MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [STARTUPS/SMES] 259
17 COMPANY PROFILES 260
(Business overview, Recent Developments, MNM view)*
17.1 KEY PLAYERS 260
17.1.1 BRUNSWICK CORPORATION 260
TABLE 275 BRUNSWICK CORPORATION: COMPANY OVERVIEW 260
FIGURE 62 BRUNSWICK CORPORATION: COMPANY SNAPSHOT 261
TABLE 276 BRUNSWICK CORPORATION: PRODUCTS OFFERED 261
TABLE 277 BRUNSWICK CORPORATION: PRODUCT LAUNCHES 263
TABLE 278 BRUNSWICK CORPORATION: DEALS 264
TABLE 279 BRUNSWICK CORPORATION: OTHERS 265
17.1.2 YAMAHA MOTOR COMPANY 267
TABLE 280 YAMAHA MOTOR COMPANY: COMPANY OVERVIEW 267
FIGURE 63 YAMAHA MOTOR COMPANY: COMPANY SNAPSHOT 268
TABLE 281 YAMAHA MOTOR COMPANY: PRODUCTS OFFERED 268
TABLE 282 YAMAHA MOTOR COMPANY: PRODUCT LAUNCHES 269
TABLE 283 YAMAHA MOTOR COMPANY: DEALS 270
17.1.3 GROUPE BENETEAU 272
TABLE 284 GROUPE BENETEAU: COMPANY OVERVIEW 272
FIGURE 64 GROUPE BENETEAU: COMPANY SNAPSHOT 273
TABLE 285 GROUPE BENETEAU: PRODUCTS OFFERED 273
TABLE 286 GROUPE BENETEAU: PRODUCT LAUNCHES 274
TABLE 287 GROUPE BENETEAU: DEALS 275
17.1.4 MALIBU BOATS 277
TABLE 288 MALIBU BOATS: COMPANY OVERVIEW 277
FIGURE 65 MALIBU BOATS: COMPANY SNAPSHOT 278
TABLE 289 MALIBU BOATS: PRODUCTS OFFERED 278
TABLE 290 MALIBU BOATS: PRODUCT LAUNCHES 279
TABLE 291 MALIBU BOATS: DEALS 280
17.1.5 FERRETTI GROUP 282
TABLE 292 FERRETTI GROUP: COMPANY OVERVIEW 282
FIGURE 66 FERRETTI GROUP: COMPANY SNAPSHOT 283
TABLE 293 FERRETTI GROUP: PRODUCTS OFFERED 283
TABLE 294 FERRETTI GROUP: PRODUCT LAUNCHES 284
TABLE 295 FERRETTI GROUP: DEALS 285
TABLE 296 FERRETTI GROUP: OTHERS 285
17.1.6 POLARIS INC. 287
TABLE 297 POLARIS INC.: COMPANY OVERVIEW 287
FIGURE 67 POLARIS INC.: COMPANY SNAPSHOT 288
TABLE 298 POLARIS INC.: PRODUCTS OFFERED 288
TABLE 299 POLARIS INC.: PRODUCT LAUNCHES 289
TABLE 300 POLARIS INC.: DEALS 289
17.1.7 MASTERCRAFT BOAT COMPANY 290
TABLE 301 MASTERCRAFT BOAT COMPANY: COMPANY OVERVIEW 290
FIGURE 68 MASTERCRAFT BOAT COMPANY: COMPANY SNAPSHOT 291
TABLE 302 MASTERCRAFT BOAT COMPANY: PRODUCTS OFFERED 291
TABLE 303 MASTERCRAFT BOAT COMPANY: PRODUCT LAUNCHES 292
TABLE 304 MASTERCRAFT BOAT COMPANY: DEALS 293
TABLE 305 MASTERCRAFT BOAT COMPANY: OTHERS 293
17.1.8 BOMBARDIER RECREATIONAL PRODUCTS 294
TABLE 306 BOMBARDIER RECREATIONAL PRODUCTS: COMPANY OVERVIEW 294
FIGURE 69 BOMBARDIER RECREATIONAL PRODUCTS: COMPANY SNAPSHOT 295
TABLE 307 BOMBARDIER RECREATIONAL PRODUCTS: PRODUCTS OFFERED 295
TABLE 308 BOMBARDIER RECREATIONAL PRODUCTS: PRODUCT LAUNCHES 296
TABLE 309 BOMBARDIER RECREATIONAL PRODUCTS: DEALS 296
TABLE 310 BOMBARDIER RECREATIONAL PRODUCTS: OTHERS 297
17.1.9 MARINE PRODUCTS CORPORATION 298
TABLE 311 MARINE PRODUCTS CORPORATION: COMPANY OVERVIEW 298
FIGURE 70 MARINE PRODUCTS CORPORATION: COMPANY SNAPSHOT 299
TABLE 312 MARINE PRODUCTS CORPORATION: PRODUCTS OFFERED 299
TABLE 313 MARINE PRODUCTS CORPORATION: PRODUCT LAUNCHES 300
17.1.10 AZIMUT BENETTI GROUP 301
TABLE 314 AZIMUT BENETTI GROUP: COMPANY OVERVIEW 301
TABLE 315 AZIMUT BENETTI GROUP: PRODUCTS OFFERED 301
TABLE 316 AZIMUT BENETTI GROUP: PRODUCT LAUNCHES 302
TABLE 317 AZIMUT BENETTI GROUP: DEALS 302
17.1.11 SUNSEEKER INTERNATIONAL 303
TABLE 318 SUNSEEKER INTERNATIONAL: COMPANY OVERVIEW 303
TABLE 319 SUNSEEKER INTERNATIONAL: PRODUCTS OFFERED 303
TABLE 320 SUNSEEKER INTERNATIONAL: PRODUCT LAUNCHES 304
TABLE 321 SUNSEEKER INTERNATIONAL: DEALS 305
17.1.12 BASS PRO GROUP 306
TABLE 322 BASS PRO GROUP: COMPANY OVERVIEW 306
TABLE 323 BASS PRO GROUP: PRODUCTS OFFERED 306
TABLE 324 BASS PRO GROUP: PRODUCT LAUNCHES 307
TABLE 325 BASS PRO GROUP: DEALS 308
17.1.13 BRYTON MARINE GROUP 309
TABLE 326 BRYTON MARINE GROUP: COMPANY OVERVIEW 309
TABLE 327 BRYTON MARINE GROUP: PRODUCTS OFFERED 309
TABLE 328 BRYTON MARINE GROUP: PRODUCT LAUNCHES 310
TABLE 329 BRYTON MARINE GROUP: DEALS 311
17.2 OTHER PLAYERS 312
17.2.1 MAHINDRA & MAHINDRA 312
TABLE 330 MAHINDRA & MAHINDRA: COMPANY OVERVIEW 312
17.2.2 CATALINA YACHTS 313
TABLE 331 CATALINA YACHTS: COMPANY OVERVIEW 313
17.2.3 ZODIAC MARINE (ZODIAC NAUTIC) 313
TABLE 332 ZODIAC MARINE: COMPANY OVERVIEW 313
17.2.4 ISLAND PACKET YACHTS 314
TABLE 333 ISLAND PACKET YACHTS: COMPANY OVERVIEW 314
17.2.5 HALLBERG-RASSY 314
TABLE 334 HALLBERG-RASSY: COMPANY OVERVIEW 314
17.2.6 OYSTER YACHTS 315
TABLE 335 OYSTER YACHTS: COMPANY OVERVIEW 315
17.2.7 WINNEBAGO INDUSTRIES 315
TABLE 336 WINNEBAGO INDUSTRIES: COMPANY OVERVIEW 315
17.2.8 MONTEREY BOATS 316
TABLE 337 MONTEREY BOATS: COMPANY OVERVIEW 316
17.2.9 S2 YACHTS 316
TABLE 338 S2 YACHTS: COMPANY OVERVIEW 316
17.2.10 SMOKER CRAFT 317
TABLE 339 SMOKER CRAFT: COMPANY OVERVIEW 317
17.2.11 OCEAN ALEXANDER 318
TABLE 340 OCEAN ALEXANDER: COMPANY OVERVIEW 318
*Details on Business overview, Recent Developments, MNM view might not be captured in case of unlisted companies.
18 APPENDIX 319
18.1 KEY INSIGHTS FROM INDUSTRY EXPERTS 319
18.2 DISCUSSION GUIDE 319
18.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 322
18.4 CUSTOMIZATION OPTIONS 324
18.5 RELATED REPORTS 324
18.6 AUTHOR DETAILS 325