Recreational Boat Market Size, Latest Trends, Scope, Competitive Analysis, Revenue and Forecast 2028

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The Recreational Boat Market size is projected to reach USD 32.53 Billion by 2028 from an estimated USD 27.55 Billion in 2021, growing at a CAGR of 2.4% globally.

Recreational boats are generally, vessels that are manufactured or to be used specifically for non-commercial use or leased or rented for any given commercial use later on. Such boats are utilized for sailing, fishing, travel through waterways, and leisure purposes which are specifically for private use. As rising popularity of outdoor activities and water sports with increasing participation of young crowd to engage in such activities, especially in adventure water sports and recreational boating activities are likely to push the recreational boat market revenue.

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The latest research on the Global Recreational Boat Market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Recreational Boat industry, considering all significant industry trends, market dynamics, and competitive landscape. In addition, the analysis includes critical information on the Recreational Boat Market status of the main market players, major trends, and future market development opportunities. These research papers are designed to help readers find information and make decisions that will help them grow their business. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

Leading Key Players Covered Recreational Boat Market: -

·         Brunswick Corporation

·         Groupe Beneteau

·         Malibu Boats

·         Polaris Inc.

·         MasterCraft Boat Company

·         Candela

·         DOMANI Yachts

·         Edorado Marine

·         Elco Motor Yachts

·         Electracraft and other major players.

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Segmentation of Recreational Boat Market: -

By Type          

·         Yachts

·         Sailboats

·         Personal Watercraft

·         Inflatables

·         Others

By Engine Type          

·         Ice

·         Electric

By Engine Placement Outboards

·         Inboards

·         Others

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 By Region     

·         North America (U.S., Canada, Mexico)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

·         Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

·         South America (Brazil, Argentina, Rest of SA)

Covid-19 Impact on Recreational Boat Market
The recreational boat market experienced substantial loss due to worldwide lockdowns and supply disruptions. All tourist places and activities were banned due to strict lockdown regulations to curb the virus spread. Major beaches and sea tourism activities halted and imposed strict rules which led to a sudden fall in demand for recreational boats in the all-region. As lockdowns were released and the logistical chain getting on track, the market revived with normal sales compared to the previous year.

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