1. Market Research
  2. > Leisure
  3. > Recreational Activity Market Trends
Recreational Boats Market by Boat Type, Power source, Activity Type, Distribution Channel And Region - Global Forecast to 2027

Recreational Boats Market by Boat Type, Power source, Activity Type, Distribution Channel And Region - Global Forecast to 2027

  • May 2019
  • 120 pages
  • ID: 5777834
  • Format: PDF
  • By MarketsandMarkets

Summary

Table of Contents

Search Inside

Rising disposable income has resulted in an increase in leisure spending such as purchase of recreational boats. The recreational boats can be used for conducting different activities like watersports, sailing, fishing, and cruising.
The recreational boats market is projected to grow from USD 26.7 billion in 2019 to USD 33.7 billion by 2027 at a CAGR of 3.02%. High consumer confidence towards the growth of technology and high features getting inducted in the boats are some of the major factors which will drive the recreational boats market. Strict pollution norms with respect to recreational boats is a major obstacle for the growth in the regions like Europe and North America.
Outboard boat types are expected to be the largest selling boats and will continue in the future till 2027
Outboard boats have lot of advantages over other boat types such as easy access of engine mounting, more spacious deck area, etc., and thus give 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.

Cruising + Watersports activity is forecasted to be the largest activity type preferred by the boaters
It has been observed that regions like Asia Oceania (Australia, New Zealand and China) are preferring more adventure and sports activities (Offshore and Onshore).It has been assumed that this activity provides lot of health benefits like stress relieving, greater physical activity etc.

Efforts are also being taken by the developing countries like India to promote these activities to boost the tourism.

Asia Oceania is the largest market for recreational boats, followed by North America
Chinese economy growth is stable and transition to the service led economy is supporting the rising income of the people and hence the Chinese boating segment has promising growth in the future.Other Asian countries such as Japan, Korea, and India are showcasing promising growth for the years 2017-2018 and will continue till 2027.

The Asian market is a production hub for the European and North American manufacturers.In Australia and New Zealand, local demand for foreign-made boats has been 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.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, and other technology directors, and executives from various key organizations operating in automotive marketplace.
• By Company Type: Tier I - 20%, Tier II- 20%, OEM - 60%,
• By Designation: C level - 50%, Director Level– 30%, Others– 20%
• By Region: Asia Pacific - 10%, Europe - 35%, North America - 55%

Note: **Others includes sales, marketing, and product managers.
*Tier I are system suppliers to OEM, Tier II are component suppliers to Tier I, and OEMs are vehicle manufacturers.

The study includes an in-depth competitive analysis of these key players in the recreational boats market, with their company profiles, SWOT analysis of the top 5 companies, recent developments, and key market strategies.

Research Coverage
The recreational boats market has been segmented on the basis of activity type (cruising and watersports, fishing), boat type (outboard boats, inboard/stern type boats, personal watercraft boats, sail boats/ yachts, inflatable boats), power source (engine powered, human powered, sail powered), distribution channel (boat dealers, boat shows, online channels) and region [Asia Pacific (China, Japan, South Korea, India, Australia, New Zealand), Europe (UK, Germany, France, Spain, UK and Italy), and North America (US, Canada, and Mexico), and Rest of the world (Brazil and Russia).

Key Benefits of Buying the Report:

This report provides insights with reference to the following points:
• Market Size, by boat type category: The report offers in-depth market sizing and forecast up to 2027 in terms of value, by boat type (outboard boats, inboard/stern type boats, personal watercraft boats, sail boats/ yachts, inflatable boats).
• Market Size, by activity type: The report offers in-depth market sizing and forecast up to 2027 in terms of value, by activity type (Cruising+watersports, fishing).
• The report provides “competitive leadership mapping” that profiles key players as visionary leaders, innovators, dynamic differentiators, and emerging companies.
• The report also provides “Revenue Impact” section that helps the recreational boats manufacturers to understand the key impacting factors for recreational boats market.
• Market Development: The report provides comprehensive information about lucrative emerging markets for recreational boats market across regions.
• Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the recreational boats market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Global Leisure Boat Market 2019-2023

Global Leisure Boat Market 2019-2023

  • $ 2500
  • March 2019

About this marketThe increasing demand for outboard powerboats will be one of the key drivers in the market growth. While outboard powerboats have always held a significant portion of the market, thei ...

Boat Building in Canada - Industry Market Research Report

Boat Building in Canada - Industry Market Research Report

  • $ 825
  • June 2019

Stormy seas: Abated growth in consumer confidence is expected to push industry revenue downwardAbstractBoat Building in CanadaThe Boat Building industry in Canada has exhibited a moderate level of volatility ...

Exploring Cruises: Key market trends and issues in the cruise industry

Exploring Cruises: Key market trends and issues in the cruise industry

  • $ 1495
  • February 2019

Exploring Cruises: Key market trends and issues in the cruise industrySummaryCruises can take place at sea, along rivers, or in lakes and can last from a few hours to many months.There will be 272 Cruise ...


ref:plp2019

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on