The market size of recreational boating exceeded USD 30 billion and will grow at 8% CAGR during 2023 to 2032, driven by a surge in water sports activities and recreational boating globally.
Diesel-powered recreational boats industry will reach USD 45 billion by 2032, owing to their cost-effectiveness and high efficiency.
Asia Pacific sector is estimated to amass USD 3.5 billion by 2032, on account of the expanding tourism sector in the region.
Some of the prominent recreational boating sector are Malibu Boats, MasterCraft Boat Company, LLC, Marine Products Corporation, Yamaha Motor Corporation, American Sail Inc., and Groupe Beneteau, among others.