Recreational boating market is anticipated to procure commendable growth, as people are increasingly edging towards skin diving & fishing activities. Recreational boats are of great significance in leisure applications like water skiing, surfing, duck hunting, etc.

Rising urbanization and increase in disposable income across both developed and developing economies has offered thriving momentum to the global tourism industry. This growth has evidently driven the demand for recreational boats.

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Aquatic recreational activities have increasingly become a trend in recent years, fueled new growth opportunities in recreational boating market. Numerous water recreational activities such as duck hunting, skin diving, water skiing, and fishing are gaining tremendous popularity. The prevalence of water recreational activities has inherently surged lately, due to rising disposable income and increasing urbanization.

Increasing demand of inflatable boats for rescue operations is another key application area that may drive the demand for recreational boats. These crafts play a pivotal role in emergency response conditions such as vessel catastrophes, calamities, and refinery accidents. They are also gaining prominence in the tourism sector for rescuing people from adverse events such as drowning.

To aid the military in recuse operations, manufacturers are also rolling out inflatables boats equipped with highly resistant fabric, intercommunication valve systems, and fast inflation kit. Taking an instance to highlight the same, in Nov. 2017, ZODIAC MILPRO introduced inflatables boats to aid underwater and airdrop military operations.

Studies estimate that North America could offer lucrative growth opportunities to the companies operating in the recreational boating market. Water sports activities, being one of the most popular recreational activities in North America, have helped recreational boat sales to grow at an exponential rate.

Private and public authorities in the region are investing heavily to create recreational boating infrastructure. Taking May 2019 for an instance, the U.S. Fish and Wildlife Service’s BIG (Boating Infrastructure Grant) program contributed USD 20 million to construct needed amenities and facilities for boating.

Notably, Groupe Beneteau, Yamaha Motor Corporation, Brunswick, Malibu Boats, Brunswick Porter Inc., Grady-White Boats, Inc., Maverick Boat Group, Inc., and Correct Craft are some of the key players operating in the recreational boating market.

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Partial Chapter of the Table of Content

Chapter 4   Competitive Landscape,

4.1    Introduction

4.2    Company market share analysis, 2020

4.3    Comparative analysis of major recreational boating market players

4.3.1    Groupe Beneteau

4.3.2    Brunswick Corporation

4.3.3    Yamaha Motor Corporation

4.3.4    Malibu Boats, Inc.

4.3.5    White River Marine Group

4.3.6    Polaris, Inc.

4.3.7    Feretti S.p.a

4.4    Comparative analysis of other prominent market players

4.5    Vendor adoption matrix

Charts & Figures

FIG. 1    Industry segmentation

FIG. 2    Recreational Boating market size, 2017 - 2027 (USD Million)

FIG. 3    Industry ecosystem analysis

FIG. 4    Growth potential analysis

FIG. 5    Porter’s analysis

FIG. 6    Company market share analysis, 2019

FIG. 7    PESTEL analysis

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