Recreational boats, often known as pleasure craft boats, are built for having fun on the water. Many people use this for enjoyable activities with family and friends while on vacation. Boat racing, sailing, campaigning, fishing, and other water sports games are all examples of recreational boating. The recreational boat market is expected to grow as the popularity of outdoor activities and water sports grows, as well as the engagement of young people in such activities, particularly adventurous water sports and leisure boating.
Recreational fishing and sea outings are becoming increasingly popular in North America, Europe, and the Caribbean island cluster. Speed boats, yachts, and houseboats, on the other hand, have witnessed huge demand from the wealthy. Except for the recreational boat definition, large investment in the rental boat segment has seen growth as the majority of the population prefers to rent recreational boats for such activities. This has enticed big market players to invest in the recreational boat rental market, resulting in growth in the recreational boat market.
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Leading Key Players Covered Recreational Boat Market: -
Brunswick Corporation, Groupe Beneteau, kMalibu Boats, Polaris Inc., MasterCraft Boat Company, Candela, DOMANI Yachts, Edorado Marine, Elco Motor Yachts, Electracraft and other major players.
The latest research on the Global Recreational Boat Market provides a comprehensive overview of the market for the years 2023 to 2030. It gives a comprehensive picture of the global Recreational Boat industry, considering all significant industry trends, market dynamics, and competitive landscape. In addition, the analysis includes critical information on the Recreational Boat Market status of the main market players, major trends, and future market development opportunities. These research papers are designed to help readers find information and make decisions that will help them grow their business. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
Segmentation of Recreational Boat Market: -
By Type
- Yachts
- Sailboats
- Personal Watercraft
- Inflatables
- Others
By Engine Type
- Ice
- Electric
By Engine Placement    Outboards
- Inboards
- Others
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By Region          Â
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Development:
- Malibu boats introduced the 25 LSV from the LSV series in July 2021, with a length of 7.62 meters. It can accommodate up to 18 people and has a fuel capacity of 390 liters and a powerful 430 hp torque, making it perfect for deep-sea fishing and touring.
- Groupe Beneteau debuted its Grand Turismo 45 luxury yacht in June 2021, featuring first-class furnishings and intelligent dynamic control. The Grand Turiamo 45 has a length of 14.78 metres, a fuel capacity of 900 liters, and a freshwater capacity of 400 liters, as well as a strong 2X 440 CV/HP engine.
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