Recreational Boating Market Size By Product (Inboard Boats By Horsepower [Below 200 hp, 201 to 500 hp, 501to 1000 hp, Above 1000 hp], Outboard Boats By Type [Center Console, Express Cruiser, Pontoon, Runabout Bowrider, Others] By Horsepower [Below 200 hp, 201 to 500 hp, 501 to 1000 hp, Above 1000 hp], Inflatables [Below 200 hp, 201 to 500 hp]), By Engine (Diesel, Gas), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Mar 2020  |  Report ID: GMI2076  |  Authors: Preeti Wadhwani, Prasenjit Saha

Report Format: PDF   |   Pages: 325   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Recreational Boating Market size exceeded USD 43 billion in 2019 and is poised to grow at a CAGR of over 5% between 2020 and 2026. Rising disposable income across North America and Europe is enabling consumers to increase expenditure on marine leisure activities, thereby fueling the market growth.

Increasing economic conditions and rising popularity of coastal and marine tourism across the globe will drive the market revenue. Increasing participation of consumers in recreational boating activities and water-based sporting events is further driving the market size.

Moreover, increasing fishing activities coupled with rising investment in the rental boat sector are supporting the market demand. Industry players are partnering with boat rental communities to tap the rental recreational boating sector.

Recreational Boating Market

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Increasing government initiatives across Asia Pacific are creating opportunities for the recreational boating market. The government authorities’ spending on development of boating infrastructure is a major factor supporting market growth in the region.

Public and private sectors in countries including Japan, Thailand, China, and Australia are focusing on creating awareness among population to support the market growth. Furthermore, government water tourism awareness programs in these regions are creating huge opportunities for the market.

A major factor affecting the industry in 2019 is the concern pertaining to environmental hazards due to recreational boating activities. Increasing use of motorized boats is affecting the wildlife in water bodies and impacting the water and soil quality. Rise in leaching of disinfectants used to clean, protect, and operate watercraft is impacting the environment flora and fauna.

Leaching of these disinfectants pollute the water, making water alkaline or acidic and affecting the wildlife’s ability to survive, causing various lethal diseases such as mutations, cancer, birth defects, and death.

Recreational Boating Market Report Coverage
Report Coverage Details
Base Year:2019Historical Data for:2016 to 2019
Market Size in 2019:USD 43 Billion (2019)Forecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:5%No. of Pages:325
2026 Value Projection:USD 63 Billion (2026) Tables, Charts & Figures:657
Geographies covered (19):U.S., Canada, UK, Germany, France, Italy, Spain, Norway, Sweden, Finland, China, India, Japan, Australia, Brazil, Mexico, Argentina, UAE, South Africa
Segments covered:Product, Horsepower, Engine
Growth Drivers:
  • Growing demand for water sports and recreational activities across the globe
  • Government initiatives to support the boating industry in Australia and Canada
  • Implementation of advanced technologies in recreational boats
  • Increasing popularity of water based sports & leisure activities in Asia Pacific
  • Rapid development of boating sector in Europe
  • Growing awareness related to forestry mechanization globally
Pitfalls & Challenges:
  • High initial investments
  • Rising fatalities and injuries

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The increasing demand for outboard boats for fishing and cruising activities

Global Recreational Boating Size

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The outboard recreational boating market in the U.S. accounted for around 60% revenue share in 2019 due to technological advancements, light weight, fuel economy, and more interior space. These boats are equipped with advanced technologies, such as joystick docking control, automatic trim controls, and digital throttle controls, strengthening the market demand. The joystick docking controls are designed to control boats in harsh marine environments with speed-sensitive controls, autopilot systems, etc.

Introduction of outboard boats equipped with powerful propulsion systems is increasing the demand for multiple large outboard engines in the market. The outboard rigs allow users to automatically steer the boat with a single joystick.

The U.S. market for above 1,000 hp outboard engines will register around 2% gains through 2026. Increasing adoption of powerful outboard boats for racing events is supporting the demand for recreational boating solutions with above 1,000 horsepower. For instance, in February 2020, Mercedes AMG in partnership with Cigarette Racing announced the launch of an outboard boat equipped with a 2,700 hp engine.

The product is equipped with six engines with 450 hp per engine, offering a speed of 80 miles per hour. Increasing investment in the development of powerful boats with stable hulls. Manufacturers are introducing twin turbocharged engines offering high torque and power, supporting the demand for boats equipped high horsepower engines.

Growing adoption of fuel-efficient diesel-powered recreational boats

Increasing innovation in diesel-based recreational boating system is providing a positive outlook for the market. Moreover, the introduction of powerful and efficient diesel-based engines is supporting the adoption of recreational boats.

The integration of rail fuel delivery systems, turbochargers, and exhausts with diesel-based engines is creating new industry trends. Furthermore, rising demand for fuel-efficient and quiet operating engines is strengthening the market revenue.

Increasing government water sports activity initiatives in Europe

Europe Recreational Boating Market By Countries

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In 2019, Europe was one of the major regions in the recreational boating market and is expected to witness 5.5% growth till 2026. Government authorities are supporting water recreational activities across the European region. The public authorities are launching projects to spread awareness related to water sports activities.

For instance, in November 2017, the European Network of Outdoor Sports implemented Get WET project to increase participation in water sports activities. The European government is creating awareness for outdoor sports including rowing, sailing, waterskiing, and other recreational boating activities.

Increasing product development, collaborations, and mergers & acquisitions are key strategies by market leaders

The companies are adopting various strategies such as technological development, mergers & acquisitions, collaborations, sales channel expansion, and product innovation for business expansion. The manufacturers are incorporating joystick piloting for enhanced maneuverability, aiding better recreational boating operations.

For instance, in November 2019, Brunswick Corporation announced the launch of outboard boat 320 Sundancer Coupe equipped with 350 HP twin outboard engine that can be operated using joystick with additional engine options.

The manufacturers are introducing powerful engines coupled with direct injection technology to increase combustion efficiency, delivering high power and torque in recreational boating. For instance, in May 2018, Yamaha announced the launch of 425 HP outboard motor in North America. The product is equipped with injection and plasma fusion technology for reliable and powerful performance.

Key market players include Groupe Beneteau, Brunswick, Yamaha Motor Corporation, Porter Inc., Maverick Boat Group, Inc., Malibu Boats, Grady-White Boats, Inc., Correct Craft, and Brunswick Corporation.

These companies are involved in development of advanced boats equipped with safety features and enhanced engine capacities. Manufacturers are also investing in R&D activities for the development of sustainable recreational boating. These activities along with partnerships and mergers with distributors and dealers will aid companies to expand their presence in untapped regions and gain market analysis.

The recreational boating market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and unit shipments from 2016 to 2026 for the following segments:

Market by Product

  • Inboard boats
    • By horsepower
      • Below 200 hp
      • 201 to 500 hp
      • 501 to 1000 hp
      • Above 1000 hp
  • Outboard boats
    • By type
      • Center console
      • Express cruiser
      • Pontoon
      • Runabout bowrider
      • Others
    • By horsepower
      • Below 200 hp
      • 201 to 500 hp
      • 501 to 1000 hp
      • Above 1000 hp
  • Inflatables
    • By horsepower
      • Below 200 hp
      • 201 to 500 hp

Market by Engine:

  • Diesel
  • Gas

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Norway
    • Finland
    • Sweden
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • UAE
    • South Africa

Frequently Asked Questions (FAQ) :

The market size of recreational boating was exceeded USD 43 billion in 2019.
The industry share of recreational boating is poised to grow at a CAGR of over 5% between 2020 and 2026.
European market is expected to witness 5.5% growth through 2026 as government authorities are supporting water recreational activities across the region.
Key market players include Groupe Beneteau, Brunswick, Yamaha Motor Corporation, Porter Inc., Maverick Boat Group, Inc., Malibu Boats, Grady-White Boats, Inc., Correct Craft, and Brunswick Corporation.
In the U.S, the outboard boat segment held around 60% market revenue share in 2019, says this research report by GMI.

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Premium Report Details

  • Published Date: Mar 2020
  • Pages: 325
  • Tables: 631
  • Charts / Figures: 26
  • Companies covered: 19
  • Countries covered: 19

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