Recreational boats Market is predicted to reach USD 32.7 billion at a CAGR of 6.80% during the forecast period

Market Research Future (MRFR) has published on the “Global Recreational boats Market”.

MRFR recognizes the following companies as the key players in the global recreational boats market— Azimut Benetti Group, Bass Pro Group, Bombardier Recreational Products, Brunswick Corporation, Bryton Marine Group, Groupe Beneteau, Hobie Cat Company, Marine Products Corporation, Polaris Inc, Sunseeker International, White River Marine Group, and Yamaha Motor Co., Ltd.

Market Highlights

The global recreational boats market is accounted to register a CAGR of 6.80% during the forecast period and is estimated to reach USD 32.7 Billion by 2032.

Globally, the market for recreational boats is expanding as more people look to the water for fun and adventure. Market expansion is fueled by elements like rising disposable income, tourism, and the popularity of water sports. Numerous recreational boat types, including motorised boats, sailboats, and personal watercraft, are available on the market.

Segment Analysis

The global recreational boats market has been segmented based boat type, boat size, type, engine type, power range, material type, activity type, and power source.

On the basis of boat type, the market is segmented into Yachts, Sailboats, Personal Watercrafts, Inflatables and Others. The Yachts segment dominated the market in 2022. Yachts are frequently larger than other recreational vessels, providing lots of space for hosting guests, resting, and partying.

Based on Boat Size, the global recreational boats market has been segmented into <30 Feet, 30-50 Feet, and >50 Feet. The <30 Feet segment dominated the market in 2022. Small families, first-time boaters, and people searching for more affordable options usually favour the category of recreational boats that are shorter than 30 feet in length.

Based on type, the global recreational boats market has been segmented into Outboards, Inboards, and Others. The Outboards segment dominated the market in 2022.Outboard motors are often portable, lightweight, and easy to remove from boats.

Based on Engine Type, the global recreational boats market has been segmented into ICE and Electric. The Electric segment dominated the market in 2022. Electric motors are quieter than petrol and diesel engines since they do not have a combustion system and have a silent rotating motor.

Based on Power Range, the global recreational boats market has been segmented into Up to 100 kW, 100-200 kW, and Above 200 kW. The 100 kW segment dominated the market in 2022. Recreational boats with a power range of up to 100 kW are popular with novice boaters, owners of tiny boats, and those seeking more affordable options.

Based on Material Type, the global recreational boats market has been segmented into Aluminum, Fiberglass, Steel, and Others. The Steel segment dominated the market in 2022. Steel is mostly used for larger commercial vessels and some luxury yachts.

Based on Activity Type, the global recreational boats market has been segmented into Crusing+watersports, & Fishing. The Crusing+watersports segment dominated the market in 2022. The cruising and watersports sector appeals to a wide range of boaters, including families, enthusiasts, and recreational users.

Based on Power Source, the global recreational boats market has been segmented into Engine Powered, Boat Shows, & Online Sales. The Engine Powered segment dominated the market in 2022. In the recreational boating industry, boats with engines, particularly those with internal combustion engines, are often used.

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Regional Analysis

The global recreational boats market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe recreational boats market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The recreational boats market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World recreational boats market comprises of Middle East, Africa, and Latin America.

The North America Recreational boats Market dominated this market in 2022 (45.80%). Boating enthusiasts flock to well-known tourist destinations in North America like Florida, California, and the Great Lakes. Other market drivers include boating infrastructure and rental services.

Moreover, the second-largest market share for recreational boats is in Europe. In quest of boating adventures and chartering services, many individuals sail to Europe. Croatia, Greece, and Turkey are among the nations with stunning coastlines that attract travellers interested in maritime exploration.

Additionally, from 2023 to 2032, the Asia-Pacific Recreational Boats Market is anticipated to experience the quickest CAGR growth. Thanks to the growing middle class in countries like China, India, and Southeast Asian countries, more people may now partake in leisure activities like boating.

Furthermore, due to the region's expanding middle class and booming tourism industry, the market for recreational boats is expanding in Latin America. Market expansion is fueled by elements including advantageous coastal locations, picturesque rivers, and rising disposable income. In Latin America, there are opportunities for a variety of recreational boat types that draw both local and foreign buyers.

Key Findings of the Study

• The global recreational boats market is expected to reach USD 32.79Billion by 2032, at a CAGR of 6.80% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to More people are now able to engage in recreational activities, such as boating, thanks to the expanding middle class in nations like China, India, and Southeast Asian countries.


• Based on Boat Size, the <30 feet segment was attributed to holding the largest market in 2022.


• Azimut Benetti Group, Bass Pro Group, Bombardier Recreational Products, Brunswick Corporation, Bryton Marine Group, Groupe Beneteau, Hobie Cat Company, Marine Products Corporation, Polaris Inc, Sunseeker International, White River Marine Group, and Yamaha Motor Co., Ltd.