According to a new market report published by Lucintel, the future of the global recreational boating industry looks good with opportunities in the inboard and sterndrive, outboard, and sailboat. The global recreational boating market is expected to reach an estimated $ 30.0 billion by 2022 and it is forecast to grow at a CAGR of 3.8% from 2017 to 2022. The major drivers of growth for this market are increasing disposable income, lower interest rates, and rising spending on recreation and leisure activities.
Browse 69 market data Tables and 103 Figures spread through 192 Pages and in-depth TOC on “Recreational Boating Market – Global Forecast to 2023”
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In this market, inboard and sterndrive, outboard and sailboat are the major boat types. On the basis of its comprehensive research, Lucintel forecasts that the in board and sterndrive boat is expected to be the largest market by value and the market is also projected to show the highest growth rate during the forecast period 2017 to 2022.
North America is expected to remain the largest region by value and volume. Asia Pacific (APAC) is expected to experience the highest growth over the forecast period due to growth in tourism and water sports activities, which is supported by increasing spending on leisure time and travel.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing use of absorbed glass mat (AGM) batteries in powerboats due to impressive battery lives and long lifespan than lithium-ion batteries and use of synthetic material to manufacture deck to reduce use of wood. Brunswick, Beneteau Group, Ferretti, Azimut-Benetti, Sunseeker, Bavaria Yachtbau, and Princess are among the major manufacturers of the global recreational boating industry.
The study includes market trends and forecasts for the global recreational boat market segmented by boat type, region and country as follows:
By type (Value ($M) and Volume (Units) shipment analysis for (2011 – 2022):
Inboard & sterndrive
Outboard
Sailboat
Others
By region (Value ($M) and Volume (Units) shipment analysis for (2011 – 2022)):
North America
Europe
APAC
ROW
By Country (Value ($M) for 2011-2022)):
North America
Europe
Italy
France
Germany
UK
Others
Asia Pacific
Australia
China
Taiwan
New Zealand
Others
ROW
This 192 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/recreational-boating-industry-2017-2022.aspx or helpdesk@lucintel.com
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