Dublin, September 21, 2021 (GLOBE NEWSWIRE) – The “pleasure craft market by type of boat (sailboats, personal watercraft, tires), size ( 50 feet), engine placement (outboard, inboard), engine (ICE, Electric), Material (Aluminum, Fiberglass), Activity Type, Power Source & Region – Global Forecast to 2027 “report has been added to ResearchAndMarkets.com offer.

The size of the global recreational craft market is expected to grow from $ 16.4 billion in 2021 to $ 23.6 billion by 2027, with a CAGR of 6.2%.

Factors such as the growth of the tourism industry and the increase in the disposable income levels of the people will drive the market. Developments in autonomous marine technology will further increase the demand for recreational boating, increasing the demand for less skilled boaters. The presence of a large number of manufacturers in this well-integrated and fragmented industry ensures a stable supply for the demand for pleasure craft around the world.

Outboard motors are estimated to represent the largest market size during the forecast period.

The outboard boat segment is currently the largest segment of the pleasure boat market in the world. it will continue to be the most important segment during the forecast period due to strong demand in the United States and Europe. This is because these boats have better speed, are easier to moor and cost much less to maintain compared to other variants. They are also less likely to catch fire because the motor is located on the outside of the boat. This makes outboard boats the most popular boat for boating enthusiasts.

North America is expected to experience significant growth during the forecast period.

The North American pleasure craft market is expected to be the largest and fastest growing in the world due to the high demand for boating and water sports in the region. The United States is expected to be a fast growing market in the region, with the government helping to develop the pleasure craft market over the years. However, emissions regulations could limit the rate of market growth in these two countries by reducing the demand for recreational boating in the years to come. Canada also has a high demand due to the fact that boating is a traditional pastime in the region. Mexico is also a rapidly growing market, with recreational boating gradually finding its place in the country.

Aluminum will be the primary boat building material during the forecast period.

The aluminum boat segment is currently the largest boat segment in the pleasure boat market in the world. Due to their high ease of use and low cost, these boats are mainly used for small size boats for recreational boating. Personal boats are primarily made of aluminum due to their lower costs, lower servicing and maintenance requirements, and ease of use for general boating operations. These boats are easy to build and are the most readily available pleasure craft on the market. North America will be the largest market for aluminum boats, followed by Europe, Asia, Oceania and the rest of the world. This is due to the high demand for these boats as private boats for people in North American and European regions.

Main topics covered:

1. Introduction

2 Research methodology

3 Executive summary
3.1 Impact of COVID-19 on the pleasure craft market, 2021-2027

4 premium information
4.1 Attractive opportunities in the pleasure craft market
4.2 Growth Rate of Recreational Craft Market, by Region
4.3 Recreational Craft Market, by Type of Boat
4.4 Recreational craft market, by type of activity
4.5 Recreational Craft Market, By Engine Location
4.6 Recreational Craft Market, By Power Source
4.7 Recreational Craft Market, by Boat Size
4.8 Recreational Craft Market, By Engine Type
4.9 Recreational Craft Market, by Material Type
4.10 Recreational craft market, by power range

5 Market overview
5.1 Presentation
5.2 Market dynamics
5.2.1 Drivers
5.2.1.1 Rising disposable income of people around the world
5.2.1.2 Growing tourism industry
5.2.1.3 Increase in the number of boat shows around the world
5.2.1.4 Integration of the latest technologies in boats
5.2.2 Constraints
5.2.2.1 Strict pollution standards for pleasure craft
5.2.2.2 Establishment of zero emission zones
5.2.3 Opportunities
5.2.3.1 Online Marketplace for Industry Can Boost Sales in Untapped Markets
5.2.3.2 Expansion of pleasure craft manufacturers to other parts of the world
5.2.3.3 New business opportunities for local maintenance of pleasure craft
5.2.4 Challenges
5.2.4.1 Fluctuating demand in the industry over the years
5.2.4.2 Presence of trade barriers in the nautical industry
5.3 Porter’s five forces
5.4 Recreational Craft Market Ecosystem
5.4.1 Manufacturers of marine components
5.4.2 Marine engine manufacturers
5.4.3 OEM
5.5 Value chain analysis
5.6 Recreational Craft Market – Price Analysis
5.7 Trends / disruptions affecting buyers in the recreational craft market
5.8 Technological analysis
5.9 Patent analysis
5.10 Case study
5.11 Regulatory overview
5.12 Commercial data
5.13 COVID-19 impact assessment
5.14 Recreational Craft Market, Scenarios (2021-2027)

6 Recreational boat market, by type of boat
6.1 Presentation
6.1.1 Yachts are estimated to dominate the market in both value and volume
6.2 Operational data
6.2.1 Assumptions
6.3 Research methodology
6.4 Yachts
6.4.1 North America is expected to dominate the yacht market in volume and value
6.5 Sailboats
6.5.1 Europe is expected to dominate the sailboat market by volume
6.6 Personal watercraft
6.6.1 North America and Asia-Oceania Expected to Dominate the PWC Market
6.7 Inflatable boats
6.7.1 Asia Oceania is Expected to Dominate Inflatable Boat Market, in Volume and Value
6.8 Others
6.8.1 North America Expected to Dominate the Other Boats Market, in Volume and Value
6.9 Key Industry Insights

7 Pleasure craft market, by type of activity
7.1 Presentation
7.1.1 Cruise + Water Sports segment is expected to grow at a faster pace both in volume and in value
7.2 Operational data
7.2.1 Assumptions
7.3 Research methodology
7.4 Cruise + Water sports
7.4.1 North America is expected to be the largest market for cruising and water sports activities
7.5 Fishing
7.5.1 North America is expected to dominate the fishing vessel market in terms of volume
7.6 Key industry information

8 Recreational Boat Market, by Boat Size
8.1 Presentation
8.1.1 The 30-50 foot segment is expected to grow at a faster rate in volume
8.2 Operational data
8.2.1 Assumptions
8.3 Research methodology
8.4 Boats 8.4.1 North America is expected to be the fastest growing market for vessels under 30 feet by volume
8.5 Boats from 30 to 50 feet
8.5.1 North America is expected to lead the 30-50ft boat market in terms of volume
8.6> 50 foot boats
8.6.1 Boat over 50 feet to dominate the market in terms of value
8.7 Key Industry Insights

9 Recreational Craft Market, By Material Type
9.1 Presentation
9.1.1 Aluminum boats are believed to dominate the market
9.2 Operational data
9.2.1 Assumptions
9.3 Research methodology
9.4 Aluminum
9.4.1 Aluminum boats are the most important segment due to their low cost and high applicability in smaller size boats
9.5 Steel boats
9.5.1 North America is estimated to dominate the Steel Boat Market in terms of volume
9.6 Fiberglass boats
9.6.1 The demand for fiberglass boats will increase due to higher navigational stability and more complex hull designs
9.7 Others
9.7.1 North America is Expected to Dominate the Market, in Volume and Value
9.8 Key industry information

10 Recreational Boat Market, by Engine Location
10.1 Presentation
10.1.1 Outboard boats are estimated to dominate the market in value and volume
10.2 Operational data
10.2.1 Assumptions
10.3 Research methodology
10.4 Outboard motor boats
10.4.1 North America and Asia Oceania to Dominate the Powerboat Market
10.5 Inboard motor boats
10.5.1 North America will be the fastest growing region for inboard segment
10.6 Others
10.6.1 North America is expected to lead the market in terms of volume
10.7 Key Industry Information

11 Recreational Boat Market, By Engine Type
11.1 Presentation
11.1.1 Electric Motors Segment is expected to grow at a faster rate both in volume and in value
11.2 Operational data
11.2.1 Assumptions
11.3 Research methodology
11.4 Ice
11.4.1 North America is the largest market for ice motor boats by volume
11.5 Electric
11.5.1 North America is expected to lead the market in terms of volume
11.6 Key Industry Insights

12 Recreational Craft Market, By Power Source
12.1 Presentation
12.1.1 The Power Boats Segment is Expected to Dominate the Global Market in Volume and Value
12.2 Operational data
12.2.1 Assumptions
12.3 Research methodology
12.4 Motor boats
12.4.1 North America and Asia Oceania Leads the Power Boat Market by Volume
12.5 Sailing boats
12.5.1 North America is expected to lead the sailing boat market in terms of volume and value
12.6 Human powered boats
12.6.1 North America Expected to Dominate the Human Powered Recreational Craft Market by Value
12.7 Key Industry Insights

13 Pleasure craft market, by power range
13.1 Presentation
13.1.1 A segment up to 100 kW is estimated to dominate the market in terms of value
13.2 Operational data
13.2.1 Assumptions
13.3 Research methodology
13.4 Up to 100 kW
13.5 100 kW-200 kW
13.6 Above 200 Kw
13.7 Key Industry Insights

14 Pleasure craft market, by distribution channel
14.1 Presentation
14.2 Boat dealer
14.3 Boat shows
14.4 Online boat sales

15 Recreational boat market, by region

16 Competitive landscape

17 company profiles
17.1 Key players
17.1.1 Brunswick Corporation
17.1.2 Bénéteau Group
17.1.3 Mastercraft Boat Company
17.1.4 Malibu Boats
17.1.5 Polaris inc.
17.1.6 Azimut Benetti Group
17.1.7 Sunseeker International
17.1.8 Bombardier Recreational Products
17.1.9 Ferretti Group
17.1.10 Bass Pro Group
17.1.11 Marine Products Company
17.1.12 Bryton Marine Group
17.2 Other players
17.2.1 Yamaha Motor Company
17.2.2 Mahindra and Mahindra
17.2.3 Catalina Yachts
17.2.4 Zodiac Marine (Zodiac Nautic)
17.2.5 Island package yachts
17.2.6 Hallberg-Rassy
17.2.7 Oyster Yachts
17.2.8 Winnebago Industries
17.2.9 Monterey Boats
17.2.10 S2 Yachts
17.2.11 Smoker
17.2.12 Marquis-Larson Group of Boats
17.2.13 Alexander Ocean

18 Analyst Recommendations

19 Appendix

For more information on this report, visit https://www.researchandmarkets.com/r/3g4fxi

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