Recreational Boating US Industry Study with Forecasts for 2018 & 2023 Page 2 Order now, click here! Trade Only Today reports daily boating business news for the recreational marine industry and boating professionals. Over 9 billion dollars was spent on new boats in 2016. Asia Oceania is the fastest growing market in the recreational boating industry. The global recreational boating market size is expected to register a significant CAGR during the forecast period 2020 to 2027. If you are planning to understand the Recreational Boating market in and out, then this is a must have report. Recreational Boating Market size valued at over USD 20 billion in 2017 and is estimated to exhibit approx. The APAC industry growth is owing to the rising personal disposable income in countries including China, Australia, and India. As mass vaccination programs worldwide swing into full gear, people are opting to return to outdoor activities first as shut-in requirements begin to diminish. As one of the country’s growing outdoor recreation activities, NMMA also announced that the recreational boating industry contributes an estimated $170.3 billion in economic activity to the U.S. economy, an increase of approximately $49 billion since … 3.2 Industry size, 2016 – 2026. The ocean cruise ship capacity is likely to increase by 48% from 2018 to 2027, which is expected to provide the push to the cruise industry. Recreational Boating Markets in China Recreational Boating Markets in China China's demand for Recreational Boating has grown at a fast pace in the past decade. ... Chapter 3 Europe Recreational Boating Trends. A recreational boat is generally designed for water tourism enjoyable. The Latest Research Report on “Recreational Boating Market size | Industry Segment by Applications, by Type, Regional Outlook, Market Demand, Latest Trends, Recreational Boating Industry Share & Revenue by Manufacturers, Company Profiles, Growth Forecasts – 2025.” Analyzes current market size and upcoming 5 years growth of this industry. For … … Posted on November 14, 2019 Author FloridaBoating Comments Off on Recreational Boating Market Insights, Top Manufacturers and Industry Outlook 2019 to 2025. The global recreational boating market stood at a value of about USD 27 billion in 2020, growing at a CAGR of 3.5% in the forecast period of 2021-2026. Asia Pacific Recreational Boating Market size surpassed USD 1.5 billion in 2019 and is expected to witness over 4.5% CAGR from 2020 to 2026. The manufacturing plants of various industries faced temporary shutdowns during the first two quarters of 2020. China and Australia hold the maximum market share for recreational boats. Global Recreational Boating Market by Type (Sailboats, Personal Watercrafts, Sterndrive Boats, Inboard Boats, Outboard Boats, Others), By Application (Commercial, Household, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028 Global Recreational Boating Market By Type (Inboard Boats , and Outboard Boats), By Application (Fishing , Water Skiing , and Travel), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2020-2029 The volume of tourist … These activities are expected to push the sale of recreational boats across the globe. The growth in cruising activities is expected to drive the recreational boating industry during the forecast period. INDUSTRY INSIGHTS. The rise in the per capita income in the developing countries and the increase in the number of people who can invest in the recreational activities have resulted in the growing demand for the recreational boats. Recreational Boating Market Insights, Top Manufacturers and Industry Outlook 2019 to 2025. In August 2017, Wavve Boating Inc. announced the launch of a navigation app for recreational boating market. The NMMA Statistics and Research department provides members and industry stakeholders with the latest boating industry forecasts, market data, research and trends. Industry analysis report by Product (outboard, inboard/sterndrive, PWC, superyachts, and others), Power, Activity, and Geography. The European recreational boating industry has been notable impacted owing to the prevailing situations of COVID-19. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E. 3.3 Impact of COVID-19 pandemic. You will also get free analyst support with this report. Recreational boating is the leisurely activity of travelling by boat, or the recreational use of a boat. Recreational Boats Market to 2027, Future Outlook, COVID-19 Impact Analysis, Forecast 2021-2027 03-22-2021 02:53 PM CET | Industry, Real Estate & … china recreational boating industry market outlook Leave a comment Posted on October 28, 2019 October 28, 2019 Consumer Goods, Uncategorized. - Market research report and industry analysis - 13441717 Recreational boating activities are gaining popularity among tourists owing to the increasing number of boating events and trade shows hosted in different parts of the world. Press release - Market Insights Reports - Recreational Boating Market Research 2020 by Industry Growth, Business Opportunities, Top Manufacture, Industry Share Report, Status, Regional Outlook … Global Recreational Boating Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2019-2026. Read the latest news on statistics related to the boating industry. 3.4 Value chain analysis . These boats are also known as pleasure craft boats. Currently, recreational boating industry represents only a small fraction of the global leisure industry; however its share is expected to increase in the coming years. Published by the National Marine Manufacturers Association, the nation’s leading trade association representing boat, marine engine and accessory manufacturers. Different industry-specific methods have been … 3.6 Regulatory norms & … Outdoor recreation makes up 2.1% of U.S. GDP, generating $788 billion in real gross output and supporting 5.2 million jobs. Another 9 billion was spent on used boats. These activities are expected to push the sale of recreational boats across the globe. 3.5 Innovation landscape. Recreational Boating Market Outlook - 2026. Further, growing tourism industry in the U.S. and Canada, and favorable government investments are rendering a positive impact on North America recreational boating industry outlook. Global Recreational Boating Market Size, Sector / Industry Report & Analysis, 2025 | Trusted Business Insights | Market Research Report info@trustedbusinessinsights.com +1-646-568-9797 (USA) | +44-330-808-0580(UK) sales@trustedbusinessinsights.com The global recreational vehicle market size to reach USD 42 billion in 2020 and is projected to grow on account of the increasing demand for camping and outdoor recreational activities in the millennial population, especially in the US. The app includes all the Canadian and American chart data and helps in manipulating the map by zooming in and out. U.S. Recreational Boating Market Report has newly added to its massive repository. The user can share their location knowledge for the safer and enjoyable journey with others . ), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. Recreational boating market size will cross $32 billion in 2020, growing at a CAGR of 12% during 2020-2025. This study covers the world outlook for recreational boating products across more than 190 countries. In the US, the number of active camp households increased by 1.4 million in 2018. All these advantages of inflatable watercrafts have been acting as enablers for the recreational boating market outlook in Europe. Materials used for the manufacture of these boats include plastic, coated fabrics, and aluminum. The ocean cruise ship capacity is likely to increase by 48% from 2018 to 2027, which is expected to provide the push to the cruise industry. A detailed study on Recreational Boating market complied by primary and secondary research and validated by industry experts. 3.1 Industry coverage. The growth in marine and coastal tourism has significantly attracted tourists from numerous countries across Europe and North America. The tourism industry in Canada is responsible for the prosperity of the overall North America recreational boating market. The outlook for 2019 remains positive with continued growth expected to bring a 3-4 percent increase in new powerboat retail sales. This app helps to navigate in the open water, to pin up the location. The recreational boating industry is projected to reach a value of approximately USD 33 billion by 2026. They are used for several activities such as water sports, camping, fishing, boat racing, and sailing. There has been high … 3.4.1 Company product snapshot. The growth in cruising activities is expected to drive the recreational boating industry during the forecast period. Global Recreational Boating Market Outlook. The outboard boat segment to have the largest market share in 2020. This industry was hit hard during global recession as demand in major markets such as the US and Europe suffered a negative impact during economic slowdown. The recreational boating industry supports 691,149 American jobs (511,117 direct jobs and 180,032 indirect jobs) and 35,277 American businesses. Market Reports on China Provides the Trending Market Research Report on “Recreational Boating Industry Forecasts – China Focus” under Consumer Goods … Industry Trends. China Recreational Boating Industry Market Share, Growth & Demand 2018-2028 . Research Corridor new comprehensive study on recreational boating market offers in-depth analysis on industry trends, market size, competitive analysis and market forecast - 2020 to 2027. Brunswick Corporation(NYSE:BC): The coronavirus-pandemic-fueled boom in recreational boating is expected to accelerate this year.
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