Recreational Boating Market is expected to reach US$ 26.95 Bn. by 2029 at a CAGR of 7.09% during the forecast period.
Recreational Boating Market Overview:
The research ” Recreational Boating Market ” seeks to provide up-to-date market intelligence and aid decision-makers in making sound investment decisions. It also offers a comprehensive analysis of the global Recreational Boating Market by Product Type, End Users/Application, Key Manufacturers, and Several Key Regions.
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Market Scope:
The research focuses on the report’s growth prospects, constraints, and market analyses. The research employs Porter’s five forces analysis of the Recreational Boating Market industry to assess the impact of several variables on Recreational Boating Market trends, including supplier bargaining power, competitor competitive intensity, the threat of alternatives, buyer power etc.
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Segmentation:
Product, power, and geographic segments are used to divide the recreational boating market. The recreational boating industry is divided into four product categories: sailboats, inboard boats, and outboard boats. Outboard boats are a significant market segment where recreational boating is highly demanded, and as a result, they are anticipated to hold a significant market share during the forecast period. Outboard engine mounting locations that are simple to access provide users additional room, changing their preferences.
This is also explained by the supply of features like high dependability, cost-effectiveness, and ease of maintenance and servicing. The market is divided into three categories according to power: sail, man, and motor.
Key Players: The key players are
1. Brunswick
2. Ferretti
3. Malibu Boats
4. Beneteau
5. Sunseeker
6. American Sail Inc.
7. MacGregor
8. Hunter
9. Azimut-Benetti
10. Princess Cruise
11. Hobie Cat Corporation
12. Bavaria Yachtbau
13. Catalina Yachts
14. General Motors Company
15. Godfrey Marine
16. Honda Motor Company Limited
17. Hydra-Sports Boat
18. Interphase Technologies
19. Kawasaki Heavy Industries Limited
20. KCS International Incorporated
21. Pleasurecraft Engine Group
22. Poly Marquis Yach
23. Tognum AG
24. Yamaha Motor Company Limited.
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Regional Analysis:
Our analysts have also studied the global Recreational Boating Market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
COVID-19 Impact Analysis on Recreational Boating Market : The detailed impact analysis of the COVID-19 pandemic on the global Recreational Boating Market has also been included in the report.
Key Questions Answered in the Recreational Boating Market Report are:
- What will be the CAGR of the Recreational Boating Market during the forecast period (2023-2029)?
- Which segment emerged as the leading segment in the Recreational Boating Market in 2022?
- Which are the key players in the Recreational Boating Market ?
- What key trends are likely to emerge in the Recreational Boating Market in the forecast period?
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