U.S. Recreational Boating Market Size & Share 2018 - 2024

Market Size by Product (Inboard Boats, Outboard Boats, Inflatable, Sail Boats, Personal Watercrafts), by Power (Engine-Powered, Man-Powered, Sail Propelled), Industry Analysis Report, Country Outlook, Growth Potential, Price Trends, & Forecast.
Report ID: GMI2806
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Published Date: July 2018
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Report Format: PDF

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U.S. Recreational Boating Market Size

U.S. Recreational Boating Market size valued at over USD 20 billion in 2017 and is estimated to exhibit approx. 4.5% CAGR from 2018 to 2024.
 

U.S. Recreational Boating Market

Increasing disposable income coupled with the rising watercraft sports activities across multiple states is primarily driving the U.S. recreational boating market share over the forecast period. Proliferating marine leisure industry owing to several activities such as sightseeing, swimming, pleasure voyages, entertaining, nature observation, and pleasure crafts voyages are further strengthening the business revenue.
 

An upward trend in the U.S. recreational boating market size is witnessed owing to the technological developments in excursion boats. Manufacturers are actively investing in R&D to introduce versatile and affordable motorboats with enhanced technical features to attract the youth population thereby boosting the industry demand during the study time frame.
 

Initiatives by the U.S. government to improve the nautical tourism and enhancing passenger safety in boats are strengthening the customers confidence to adopt the product, thus escalating the market demand.
 

Proliferating boating participation across the nation owing to escalating customer spending for motorised water sports activities including rafting, canoeing, jet skiing, etc is enhancing industry revenue till 2024.
 

Rising safety concerns including fatalities, injuries, damage to lives and property may hamper the market size over the study timeframe. High initial cost of the watercrafts coupled with environmental pollution concerns may further restrict the demand for the nation’s recreational boats. Ignorance of safety guidelines and improper maintenance of boats leading to safety concerns will limit the industry growth. The National Recreational Boating Safety (RBS) Program encourages boating participation and ensures better education about the safety, assistance, and enforcement activities to the public.
 

U.S. Recreational Boating Market Analysis

The outboard boats segment in the U.S. recreational boating market share will account for over 70% of the volume share by 2024. This growth can be credited to the easier maintenance, and enhanced fuel efficiency, coupled with maximum cabin space availability on the powered boats.
 

The personal watercrafts (PWC) segment is projected to account for approximately 11% of the revenue share by 2024 owing to the increasing water sports activities across the country. The diversified portfolio of powered boats coupled with easier manoeuvrability, compact footprint, and easier parking & towing facilities is further strengthening the segment share.
 

The engine powered segment of the U.S. recreational boating market size will witness robust growth rate at around 4% over the study time frame. This growth can be attributed to the availability of diversified boat range such as outboard, inboard, and PWCs powered by the engines. Further, the engine options with various fuel alternatives such as diesel, petrol, and ethanol will further support the industry dominance till 2024.
 

The man-powered boats segment is predicted to generate over USD 28.5 billion by 2024 owing to the availability of affordable boating alternatives. These boats are ideal for water sports and leisure activities such as river rafting, fishing, etc. Further the lower running costs owing to the absence of any fuel will further drive the market size.
 

The Florida industry was valued at over USD 17 billion in 2017 and is estimated to continue its dominance till 2024. The dominance can be attributed to the stringent government regulation regarding the safety requirements in boats.
 

The Texas region is anticipated to pose over 7% CAGR between 2018 and 2024. This growth can be credited to the presence of enhanced inland water bodies in the state. Mandatory education for people operating PWC and sailboats, coupled with encouraging government policies to promote safety in boats are further contributing to the industry growth rate. The rising disposable income across the state coupled with enhanced tourism and fishing sectors will positively influence the industry growth.
 

U.S. Recreational Boating Market Share

The U.S. recreational boating market players are :

  • American Sail Inc
  • Azimut-Benetti Group
  • Bavaria Yachts
  • Groupe Beneteau
  • Brunswick Corporation
  • Catalina Yachts

Industry participants are emphasizing on introducing affordable versatile boats portfolio to attract the young middle-class consumers and maintain their market share. The manufacturers are focussing on strengthening and enhancing their dealership network across the country and invest in new technologies to enhance their product portfolio.
 

Industry Background

Increasing customer spending for leisure and water sport activities coupled with rising disposable income is escalating the industry size over the forecast timeframe. Manufacturers are offering affordable versatile boating alternatives with attractive leasing options to maintain their market share.

Authors: Preeti Wadhwani, Aishvarya Ambekar
U.S. Recreational Boating Market Scope
  • U.S. Recreational Boating Market Size
  • U.S. Recreational Boating Market Trends
  • U.S. Recreational Boating Market Analysis
  • U.S. Recreational Boating Market Share

Report Content

Chapter 1.  Methodology and Scope

1.1. Methodology

1.1.1.  Initial data exploration

1.1.2.  Statistical model and forecast

1.1.3.  Industry insights and validation

1.1.4.  Scope, definition and forecast parameters

1.2. Data Sources

1.2.1.  Secondary

1.2.2.  Primary

Chapter 2.  Executive Summary

2.1. U.S. recreational boating industry 3600 synopsis, 2013 - 2024

2.1.1.  Business trends

2.1.2.  Product trends

2.1.3.  Power trends

2.1.4.  State trends

Chapter 3.     U.S. Recreational Boating Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1.  Component supplier

3.3.2.  Manufacturers

3.3.3.  Distribution channel analysis

3.3.4.  Vendor matrix

3.4. Technology landscape

3.5. Requirements on safety equipment for recreational craft

3.6. Pricing analysis

3.6.1.  Cost structure analysis

3.7. U.S. regulatory landscape

3.8. Marine engines

3.9. Dock accessories analysis

3.9.1.  Bow guide

3.9.2.  Dock corners

3.9.3.  Boat lifts

3.9.4.  Centering guides

3.9.5.  Dock lockers

3.9.6.  Others

3.10.    Industry impact forces

3.10.1.   Growth drivers

3.10.1.1.  Rising leisure activities

3.10.2.   Industry pitfalls & challenges

3.10.2.1.  Rising fatalities and injuries

3.11.    Innovation and sustainability

3.11.1.   IT tools such as online booking, smart phone applications and Wi-Fi solutions

3.12.    Growth potential analysis

3.13.   Porter's analysis

3.14.   Competitive landscape of boat lift market

3.14.1.   Top players analysis, 2017

3.14.2.   Strategy dashboard

3.15.    Competitive landscape of recreational boating market, 2017

3.15.1.   Top players analysis, 2017

3.15.2.   Strategy dashboard

3.16.    PESTEL analysis

Chapter 4.     U.S. Recreational Boating Market, By Product

4.1. U.S. recreational boating market share by product, 2017 & 2024

4.2. Inboard

4.2.1.  Market estimates and forecasts, 2013 – 2024

4.2.2.  Market estimates and forecast, by state, 2013 – 2024

4.3. Outboard

4.3.1.  Market estimates and forecasts, 2013 – 2024

4.3.2.  Market estimates and forecast, by state, 2013 – 2024

4.4. Inflatables

4.4.1.  Market estimates and forecasts, 2013 – 2024

4.4.2.  Market estimates and forecast, by state, 2013 – 2024

4.5. Sail boats

4.5.1.  Market estimates and forecasts, 2013 – 2024

4.5.2.  Market estimates and forecast, by state, 2013 – 2024

4.6. Personal watercrafts

4.6.1.  Market estimates and forecasts, 2013 – 2024

4.6.2.  Market estimates and forecast, by state, 2013 – 2024

Chapter 5.     U.S. Recreational Boating Market, By Power

5.1. U.S. recreational boating market share by power, 2017 & 2024

5.2. Engine powered

5.2.1.  Market estimates and forecasts, 2013 – 2024

5.2.2.  Market estimates and forecast, by state, 2013 – 2024

5.3. Man powered

5.3.1.  Market estimates and forecasts, 2013 – 2024

5.3.2.  Market estimates and forecast, by state, 2013 – 2024

5.4. Sail propelled

5.4.1.  Market estimates and forecasts, 2013 – 2024

5.4.2.  Market estimates and forecast, by state, 2013 – 2024

Chapter 6.     U.S. Recreational Boating Market, By States

6.1. U.S. recreational boating market share by states, 2017 & 2024

6.2. U.S.

6.2.1. Market estimates and forecast, 2013-2024

6.2.2.  Market estimates and forecast, by product, 2013 – 2024

6.2.3. Market estimates and forecast, by power, 2013-2024

6.2.4.  Florida

6.2.4.1.    Market estimates and forecast, 2013-2024

6.2.4.2.    Market estimates and forecast, by product, 2013 – 2024

6.2.4.3.    Market estimates and forecast, by power, 2013-2024

6.2.5. Minnesota

6.2.5.1.    Market estimates and forecast, 2013-2024

6.2.5.2.    Market estimates and forecast, by product, 2013 – 2024

6.2.5.3.    Market estimates and forecast, by power, 2013-2024

6.2.6. Michigan

6.2.6.1.    Market estimates and forecast, 2013-2024

6.2.6.2.    Market estimates and forecast, by product, 2013 – 2024

6.2.6.3.    Market estimates and forecast, by power, 2013-2024

6.2.7. California

6.2.7.1.    Market estimates and forecast, 2013-2024

6.2.7.2.    Market estimates and forecast, by product, 2013 – 2024

6.2.7.3.    Market estimates and forecast, by power, 2013-2024

6.2.8. Wisconsin

6.2.8.1.    Market estimates and forecast, 2013-2024

6.2.8.2.    Market estimates and forecast, by product, 2013 – 2024

6.2.8.3.    Market estimates and forecast, by power, 2013-2024

6.2.9. Texas

6.2.9.1.    Market estimates and forecast, 2013-2024

6.2.9.2.    Market estimates and forecast, by product, 2013 – 2024

6.2.9.3.    Market estimates and forecast, by power, 2013-2024

6.2.10.   New York

6.2.10.1.  Market estimates and forecast, 2013-2024

6.2.10.2.  Market estimates and forecast, by product, 2013 – 2024

6.2.10.3.  Market estimates and forecast, by power, 2013-2024

6.2.11.   South Carolina

6.2.11.1.  Market estimates and forecast, 2013-2024

6.2.11.2.  Market estimates and forecast, by product, 2013 – 2024

6.2.11.3.  Market estimates and forecast, by power, 2013-2024

6.2.12.   Ohio

6.2.12.1.  Market estimates and forecast, 2013-2024

6.2.12.2.  Market estimates and forecast, by product, 2013 – 2024

6.2.12.3.  Market estimates and forecast, by power, 2013-2024

6.2.13.   North Carolina

6.2.13.1.  Market estimates and forecast, 2013-2024

6.2.13.2.  Market estimates and forecast, by product, 2013 – 2024

6.2.13.3.  Market estimates and forecast, by power, 2013-2024

Chapter 7.     Company Profiles

7.1. Boat manufacturers

7.1.1.  Brunswick

7.1.1.1.    Business Overview

7.1.1.2.    Financial Data

7.1.1.3.    Product Landscape

7.1.1.4.    Strategic Outlook

7.1.1.5.    SWOT Analysis

7.1.2.  Beneteau Group

7.1.2.1.    Business Overview

7.1.2.2.    Financial Data

7.1.2.3.    Product Landscape

7.1.2.4.    Strategic Outlook

7.1.2.5.    SWOT Analysis

7.1.3.  Ferretti

7.1.3.1.    Business Overview

7.1.3.2.    Financial Data

7.1.3.3.    Product Landscape

7.1.3.4.    Strategic Outlook

7.1.3.5.    SWOT Analysis

7.1.4.  Azimut-Benetti

7.1.4.1.    Business Overview

7.1.4.2.    Financial Data

7.1.4.3.    Product Landscape

7.1.4.4.    Strategic Outlook

7.1.4.5.    SWOT Analysis

7.1.5.  Sunseeker

7.1.5.1.    Business Overview

7.1.5.2.    Financial Data

7.1.5.3.    Product Landscape

7.1.5.4.    Strategic Outlook

7.1.5.5.    SWOT Analysis

7.1.6.  Bavaria Yachtbau

7.1.6.1.    Business Overview

7.1.6.2.    Financial Data

7.1.6.3.    Product Landscape

7.1.6.4.    Strategic Outlook

7.1.6.5.    SWOT Analysis

7.1.7.  Princess

7.1.7.1.    Business Overview

7.1.7.2.    Financial Data

7.1.7.3.    Product Landscape

7.1.7.4.    Strategic Outlook

7.1.7.5.    SWOT Analysis

7.1.8.  American Sail Inc

7.1.8.1.    Business Overview

7.1.8.2.    Financial Data

7.1.8.3.    Product Landscape

7.1.8.4.    Strategic Outlook

7.1.8.5.    SWOT Analysis

7.1.9.  Catalina Yachts

7.1.9.1.    Business Overview

7.1.9.2.    Financial Data

7.1.9.3.    Product Landscape

7.1.9.4.    Strategic Outlook

7.1.9.5.    SWOT Analysis

7.1.10.   MacGregor

7.1.10.1.  Business Overview

7.1.10.2.  Financial Data

7.1.10.3.  Product Landscape

7.1.10.4.  Strategic Outlook

7.1.10.5.  SWOT Analysis

7.1.11.   Hobie Cat Corporation

7.1.11.1.  Business Overview

7.1.11.2.  Financial Data

7.1.11.3.  Product Landscape

7.1.11.4.  Strategic Outlook

7.1.11.5.  SWOT Analysis

7.1.12.   Hunter

7.1.12.1.  Business Overview

7.1.12.2.  Financial Data

7.1.12.3.  Product Landscape

7.1.12.4.  Strategic Outlook

7.1.12.5.  SWOT Analysis

7.1.13.   Mahindra & Mahindra Ltd.

7.1.13.1.  Business Overview

7.1.13.2.  Financial Data

7.1.13.3.  Product Landscape

7.1.13.4.  Strategic Outlook

7.1.13.5.  SWOT Analysis

7.2. Engine manufacturers

7.2.1.  Volvo Penta

7.2.1.1.    Business Overview

7.2.1.2.    Financial Data

7.2.1.3.    Product Landscape

7.2.1.4.    Strategic Outlook

7.2.1.5.    SWOT Analysis

7.2.2.  Mercury

7.2.2.1.    Business Overview

7.2.2.2.    Financial Data

7.2.2.3.    Product Landscape

7.2.2.4.    Strategic Outlook

7.2.2.5.    SWOT Analysis

7.2.3.  Yamaha

7.2.3.1.    Business Overview

7.2.3.2.    Financial Data

7.2.3.3.    Product Landscape

7.2.3.4.    Strategic Outlook

7.2.3.5.    SWOT Analysis

7.2.4.  Honda

7.2.4.1.    Business Overview

7.2.4.2.    Financial Data

7.2.4.3.    Product Landscape

7.2.4.4.    Strategic Outlook

7.2.4.5.    SWOT Analysis

7.3. Boat lift manufacturers or dealers

7.3.1.  Ace Boat Lifts

7.3.1.1.    Business Overview

7.3.1.2.    Financial Data

7.3.1.3.    Product Landscape

7.3.1.4.    Strategic Outlook

7.3.1.5.    SWOT Analysis

7.3.2.  Boat Lift U.S. Inc.

7.3.2.1.    Business Overview

7.3.2.2.    Financial Data

7.3.2.3.    Product Landscape

7.3.2.4.    Strategic Outlook

7.3.2.5.    SWOT Analysis

7.3.3.  Bulmann Dock & Lift Inc.

7.3.3.1.    Business Overview

7.3.3.2.    Financial Data

7.3.3.3.    Product Landscape

7.3.3.4.    Strategic Outlook

7.3.3.5.    SWOT Analysis

7.3.4.  Carolina Lift Systems, LLC

7.3.4.1.    Business Overview

7.3.4.2.    Financial Data

7.3.4.3.    Product Landscape

7.3.4.4.    Strategic Outlook

7.3.4.5.    SWOT Analysis

7.3.5.  DAKA Corporation

7.3.5.1.    Business Overview

7.3.5.2.    Financial Data

7.3.5.3.    Product Landscape

7.3.5.4.    Strategic Outlook

7.3.5.5.    SWOT Analysis

7.3.6.  Deco boat Lift

7.3.6.1.    Business Overview

7.3.6.2.    Financial Data

7.3.6.3.    Product Landscape

7.3.6.4.    Strategic Outlook

7.3.6.5.    SWOT Analysis

7.3.7.  Dolphin Boat Lifts, Inc.

7.3.7.1.    Business Overview

7.3.7.2.    Financial Data

7.3.7.3.    Product Landscape

7.3.7.4.    Strategic Outlook

7.3.7.5.    SWOT Analysis

7.3.8.  EZ Dock

7.3.8.1.    Business Overview

7.3.8.2.    Financial Data

7.3.8.3.    Product Landscape

7.3.8.4.    Strategic Outlook

7.3.8.5.    SWOT Analysis

7.3.9.  Feighner Boat Lifts & Docks

7.3.9.1.    Business Overview

7.3.9.2.    Financial Data

7.3.9.3.    Product Landscape

7.3.9.4.    Strategic Outlook

7.3.9.5.    SWOT Analysis

7.3.10.   FLOE International

7.3.10.1.  Business Overview

7.3.10.2.  Financial Data

7.3.10.3.  Product Landscape

7.3.10.4.  Strategic Outlook

7.3.10.5.  SWOT Analysis

7.3.11.   Florida Boatlifts

7.3.11.1.  Business Overview

7.3.11.2.  Financial Data

7.3.11.3.  Product Landscape

7.3.11.4.  Strategic Outlook

7.3.11.5.  SWOT Analysis

7.3.12.   Golden Manufacturing Inc.

7.3.12.1.  Business Overview

7.3.12.2.  Financial Data

7.3.12.3.  Product Landscape

7.3.12.4.  Strategic Outlook

7.3.12.5.  SWOT Analysis

7.3.13.   Great Lakes Entry Systems

7.3.13.1.  Business Overview

7.3.13.2.  Financial Data

7.3.13.3.  Product Landscape

7.3.13.4.  Strategic Outlook

7.3.13.5.  SWOT Analysis

7.3.14.   Hi-Tide Boat Lifts

7.3.14.1.  Business Overview

7.3.14.2.  Financial Data

7.3.14.3.  Product Landscape

7.3.14.4.  Strategic Outlook

7.3.14.5.  SWOT Analysis

7.3.15.   HydroHoist Marine Group

7.3.15.1.  Business Overview

7.3.15.2.  Financial Data

7.3.15.3.  Product Landscape

7.3.15.4.  Strategic Outlook

7.3.15.5.  SWOT Analysis

7.3.16.   IMM Quality Boat Lifts

7.3.16.1.  Business Overview

7.3.16.2.  Financial Data

7.3.16.3.  Product Landscape

7.3.16.4.  Strategic Outlook

7.3.16.5.  SWOT Analysis

7.3.17.   Jiffy Systems Pty Ltd

7.3.17.1.  Business Overview

7.3.17.2.  Financial Data

7.3.17.3.  Product Landscape

7.3.17.4.  Strategic Outlook

7.3.17.5.  SWOT Analysis

7.3.18.   Lifetime Docks & Hoists

7.3.18.1.  Business Overview

7.3.18.2.  Financial Data

7.3.18.3.  Product Landscape

7.3.18.4.  Strategic Outlook

7.3.18.5.  SWOT Analysis

7.3.19.   Midwest Industries, Inc.

7.3.19.1.  Business Overview

7.3.19.2.  Financial Data

7.3.19.3.  Product Landscape

7.3.19.4.  Strategic Outlook

7.3.19.5.  SWOT Analysis

7.3.20.   Metal Craft Docks

7.3.20.1.  Business Overview

7.3.20.2.  Financial Data

7.3.20.3.  Product Landscape

7.3.20.4.  Strategic Outlook

7.3.20.5.  SWOT Analysis

7.3.21.   Neptune Boat Lifts, Inc.

7.3.21.1.  Business Overview

7.3.21.2.  Financial Data

7.3.21.3.  Product Landscape

7.3.21.4.  Strategic Outlook

7.3.21.5.  SWOT Analysis

7.3.22.   Nucraft Metal Products

7.3.22.1.  Business Overview

7.3.22.2.  Financial Data

7.3.22.3.  Product Landscape

7.3.22.4.  Strategic Outlook

7.3.22.5.  SWOT Analysis

7.3.23.   Premier Boatlifts & Docks

7.3.23.1.  Business Overview

7.3.23.2.  Financial Data

7.3.23.3.  Product Landscape

7.3.23.4.  Strategic Outlook

7.3.23.5.  SWOT Analysis

7.3.24.   RGC Marine Business Overview

7.3.24.1.  Financial Data

7.3.24.2.  Product Landscape

7.3.24.3.  Strategic Outlook

7.3.24.4.  SWOT Analysis

7.3.25.   ShoreMaster, LLC

7.3.25.1.  Business Overview

7.3.25.2.  Financial Data

7.3.25.3.  Product Landscape

7.3.25.4.  Strategic Outlook

7.3.25.5.  SWOT Analysis

7.3.26.   Shoremate

7.3.26.1.  Business Overview

7.3.26.2.  Financial Data

7.3.26.3.  Product Landscape

7.3.26.4.  Strategic Outlook

7.3.26.5.  SWOT Analysis

7.3.27.   Sunstream Corporation

7.3.27.1.  Business Overview

7.3.27.2.  Financial Data

7.3.27.3.  Product Landscape

7.3.27.4.  Strategic Outlook

7.3.27.5.  SWOT Analysis

7.3.28.   The Boatlift Company

7.3.28.1.  Business Overview

7.3.28.2.  Financial Data

7.3.28.3.  Product Landscape

7.3.28.4.  Strategic Outlook

7.3.28.5.  SWOT Analysis

7.3.29.   The Superior Group

7.3.29.1.  Business Overview

7.3.29.2.  Financial Data

7.3.29.3.  Product Landscape

7.3.29.4.  Strategic Outlook

7.3.29.5.  SWOT Analysis

7.3.30.   Tide Tamer Industries

7.3.30.1.  Business Overview

7.3.30.2.  Financial Data

7.3.30.3.  Product Landscape

7.3.30.4.  Strategic Outlook

7.3.30.5.  SWOT Analysis

7.3.31.   Ultimate Boat Lifts, LLC

7.3.31.1.  Business Overview

7.3.31.2.  Financial Data

7.3.31.3.  Product Landscape

7.3.31.4.  Strategic Outlook

7.3.31.5.  SWOT Analysis

Authors: Preeti Wadhwani, Aishvarya Ambekar

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Premium Report Details

Base Year: 2017

Companies covered: 48

Tables & Figures: 230

Countries covered: 10

Pages: 175

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