Recreational Boats Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Recreational boats are usually known as pleasure craft boats which are used for leisure activities. These boats are designed for entertainment activity during an outing with family and friends. Components such as aluminium, plastic, fiber, and wood are used for manufacturing the recreational boats. The recreational boats market is expected to grow significantly with the change in boat technologies and growing tourism industry.

MARKET SCOPE

The "Global Recreational boats Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the recreational boats market with detailed market segmentation by boat type, power, activity type, and geography. The report provides key statistics on the market status of the leading recreational boats market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on boat type, the global Recreational boats market market is segmented into outboard boats, inboard boats, sail boats, yachts, and inflatable.
  
•   On the basis of power, the market is segmented into engine powered, man powered, and sail propelled.
  
•   On the basis of activity type, the market is segmented into watersports, cruising, fishing.
  

MARKET DYNAMICS

Drivers

•   Increase in disposable income and growth in the GDP of developing countries is anticipated to be a vital driving factor in the recreational boats market.
  

Restraints

•   High capital investment and environmental pollution caused by boating would pose a challenge to the usage of the recreational boats and hinder the recreational boats market during the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The recreational boats market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the recreational boats market in these regions.

IMPACT OF COVID-19 ON RECREATIONAL BOATS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the recreational boats market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Recreational boats market market are anticipated to lucrative growth opportunities in the future with the rising demand for recreational boats market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the recreational boats market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Azimut Benetti
  
•   Bavaria Yachtbau
  
•   Beneteau Group
  
•   Brunswick
  
•   Catalina Yachts
  
•   Ferretti
  
•   Princess International Sales and Service Ltd.
  
•   Sunseeker
  
•   Suzuki Motor Corporation
  
•   Yamaha Motor Corporation
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Recreational Boats Report Scope