Small Boats Market Trends

Small Boats Market Trends

Connectivity and technology integration represent a significant shift toward enhancing the boating experience through advanced digital features in the small boats industry. Small boat manufacturers are incorporating cutting-edge technology to provide boaters with greater convenience, safety, and entertainment. This includes the integration of GPS navigation systems for precise route planning, fish finders for improved angling experiences, and smartphone connectivity for controlling various boat functions remotely.
 

For instance, in September 2023, Avikus, a subsidiary of the South Korean conglomerate HD Hyundai Co., unveiled “New Boat Dock," an autonomous navigation system designed for leisure boats. This move aligns with Avikus' goal of strengthening its position in the growing market and expanding its portfolio of self-navigation systems, ranging from large commercial vessels to smaller ships. These connected solutions make boating more enjoyable while contributing to safer & more efficient journeys on the water, aligning with the broader trend of smart & connected boating.
 

Electric small boats are emerging as a notable trend in the market owing to their environmental benefits and efficiency. These boats utilize electric propulsion systems powered by batteries, reducing emissions and noise pollution on the water. For instance, in August 2022, Godfrey Pontoons launched the Mighty G. Innovative, a new craft designed specifically for electric propulsion. As the global focus on sustainability grows, consumers are increasingly seeking electric options for recreational boating and fishing. Electric small boats offer quieter operation, zero emissions, and lower operating costs, making them an attractive choice for eco-conscious boaters and contributing to the overall shift toward cleaner & greener boating solutions.