The global recreational boating market stood at a value of about USD 29.93 Billion in 2023, growing at a CAGR of 3.40% in the forecast period of 2024-2032. The recreational boating industry is projected to reach a value of approximately USD 40.44 Billion by 2032.
Base Year
Historical Year
Forecast Year
| Global Recreational Boating Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 29.93 |
| Market Size 2032 | USD Billion | 40.44 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 3.4% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 3.9% |
| CAGR 2024-2032 - Market by Country | India | 4.0% |
| CAGR 2024-2032 - Market by Country | China | 3.8% |
| CAGR 2024-2032 - Market by Power Source | Engine Powered | 4.4% |
| CAGR 2024-2032 - Market by Application | Watersports and Cruising | 4.6% |
| Market Share by Country 2023 | Mexico | 2.1% |
On the basis of application, the rising demand for watersports and cruising, bolstered by the growing tourism industry and increasing disposable incomes is significantly contributing to the growth of the the market. There is a significant increase in demand for sail boats witnessed due to its cost-effectiveness and its extensive use in fishing and travelling.
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The Asia Pacific accounts for a significant share in the market owing to the increasing number of investors towards recreational activities. A high demand for imported boats in regions like the United States, the United Kingdom, France, and Germany will further augment the growth of the recreational boating industry. The rise in per capita income in developing countries will further instigate the market growth in the forecast period.
Recreational boat is a vessel made for the purpose of non-commercial use or leasing or renting to another person for the latter’s non-commercial use. These boats are designed for enjoyment and are used for several activities, such as camping, fishing, boat racing, and sailing. The boats are now days equipped with enhanced technological features, such as Global Navigation Satellite System that makes it a successful vehicle to carry out rescue operations.
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Based on type, the market is divided into:
By power source, the market is segmented into:
Based on application, the market is segmented into:
| CAGR 2024-2032 - Market by | Country |
| India | 4.0% |
| China | 3.8% |
| Canada | 3.7% |
| Brazil | 3.6% |
| Mexico | 3.5% |
| USA | XX% |
| UK | 3.2% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Germany | 3.0% |
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global recreational boating industry is fuelled by the increasing innovations and attractive features provided by the manufacturers. The market is further aided by the presence of Global Navigation Satellite System (GNSS), which is a trending technology used in traffic management and surveillance. The marine technologies added to the pleasure crafts will instigate the growth of the market in the forecast period. The efforts made by major players in the industry by mergers and acquisitions in order to expand the company’s portfolio will further bolster the market growth in the forecast period.
The report gives a detailed analysis of the following key players in the global recreational boating market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Power Source |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global recreational boating market attained a value of nearly USD 29.93 Billion.
The market is projected to grow at a CAGR of 3.40% between 2024 and 2032.
The major drivers of the market include the developments in autonomous marine technology, the growing tourism industry, increasing disposable income levels, and increasing demand for leisure boating.
The increasing focus on innovations in boats by manufacturers and the rising deployment of advanced technologies in boats are the key trends propelling the market demand.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of recreational boating considered in the market report are outboard boats, inboard boats, personal watercraft boats, sail boats, and rigid inflatable boats, among others.
The significant segments based on power source considered in the market report are human powered, sail powered, and engine powered, among others.
The various applications of recreational boating are watersports and cruising, and fishing, among others.
The major players in the market are Brunswick Corporation, Marine Product Corporation, Azimut Benetti Group, Sunseeker International Limited, Bennington Marine LLC, and White River Marine Group, among others.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 40.44 Billion by 2032.
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Australia
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+61-448-061-727
India
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+91-858-608-1494
Philippines
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+63-287-899-028, +63-967-048-3306
United Kingdom
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+44-753-713-2163
United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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