Recreational Boating Market in the U.S. to hit $28.5bn by 2024: Global Market Insights, Inc.

U.S. Recreational Boating Market By Power (Engine-Powered, Man-Powered, Sail Propelled), By Product (Inboard Boats, Outboard Boats, Inflatable, Sail Boats, Personal Watercrafts), Industry Analysis Report, Country Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecasts to 2024

Selbyville, Delaware, Aug. 13, 2018 (GLOBE NEWSWIRE) --

The U.S. Recreational Boating Market report featuring key industry trends across the product, power, and regional landscape by Global Market Insights, Inc. says, Recreational boating market share in the U.S. will surpass USD 28.5 billion by 2024.

Rising usage of boats for tourism, leisure, and water sport activities such as kayaking, river rafting, sailing, and racing are expected to significantly enhance the production of pleasure crafts & boats, in turn propelling U.S. recreational boating industry size.

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As per the report, U.S. recreational boating market from outboard boats is expected to witness lucrative proceeds by 2024, owing to the enhanced space availability in the cockpit, improved maneuverability, and maintenance. The U.S. recreational boating market from outboard boats is forecast to account for the highest volume share of more than 70% over 2018-2024.

In terms of the regional landscape, Florida recreational boating market is projected to record a y-o-y growth of 6.5% over 2018-2024. Increasing participation of the masses in recreational boating activities and governmental initiatives to educate citizens is expected to drive the industry growth.

The key players profiled in the report are listed as boat manufacturers, engine manufactures, and boatlift manufactures & dealers. Boat manufacturers include Brunswick, Ferretti, Beneteau Group, Azimut-Benetti, Sunseeker, Princess, Bavaria Yachtbau, American Sail Inc, Catalina Yachts, MacGregor,  Hobie Cat Corporation, Mahindra & Mahindra Ltd.,  Hunter.

Engine manufacturers comprises Mercury, Volvo Penta, Yamaha, and Honda, while the boat lift manufacturers or dealers include Bulmann Dock & Lift Inc., Boat Lift U.S. Inc., Ace Boat Lifts, Hi-Tide Boat Lifts, Feighner Boat Lifts & Docks, Carolina Lift Systems, LLC, IMM Quality Boat Lifts, Lifetime Docks & Hoists, DAKA Corporation, Deco boat Lift, Dolphin Boat Lifts, Inc., EZ Dock, Shoremate,  FLOE International, Florida Boatlifts, Golden Manufacturing Inc., Great Lakes Entry Systems, HydroHoist Marine Group, Jiffy Systems Pty Ltd,  The Boatlift Company, Sunstream Corporation, Midwest Industries, Inc.,  The Superior Group, Metal Craft DocksPremier Boatlifts & Docks, ShoreMaster, LLC, Tide Tamer Industries, RGC Marine, Ultimate Boat Lifts, LLC. The companies have been profiled in terms of their SWOT analysis, product portfolio, and strategic outlook.

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The report also enumerates the challenges for the potential shareholders, which chiefly include an increase in the number of accidents due to lack of knowledge regarding safety equipment.

Scope of the report:

  • U.S. recreational boating market product landscape: Outboard Boats, Inboard Boats, Inflatable, Personal Watercrafts, Sail Boats
  • U.S. recreational boating market power landscape: Engine-Powered, Sail Propelled, Man-Powered
  • U.S. recreational boating market regional landscape: Florida, Wisconsin, Minnesota, Texas, Ohio, New York, Michigan, California, North Carolina, South Carolina

Browse key industry insights spread across 175 pages with 219 market data tables & 11 figures & charts from this 2018 report U.S. Recreational Boating Market in detail along with the table of contents:

Partial Table of Contents (ToC) of the report:

Chapter 3.     U.S. Recreational Boating Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1.  Component supplier

3.3.2.  Manufacturers

3.3.3.  Distribution channel analysis

3.3.4.  Vendor matrix

3.4. Technology landscape

3.5. Requirements on safety equipment for recreational craft

3.6. Pricing analysis

3.6.1.  Cost structure analysis

3.7. U.S. regulatory landscape

3.8. Marine engines

3.9. Dock accessories analysis

3.9.1.  Bow guide

3.9.2.  Dock corners

3.9.3.  Boat lifts

3.9.4.  Centering guides

3.9.5.  Dock lockers

3.9.6.  Others

3.10.    Industry impact forces

3.10.1.   Growth drivers  Rising leisure activities

3.10.2.   Industry pitfalls & challenges  Rising fatalities and injuries

3.11.    Innovation and sustainability

3.11.1.   IT tools such as online booking, smart phone applications and Wi-Fi solutions

3.12.    Growth potential analysis

3.13.   Porter's analysis

3.14.   Competitive landscape of boat lift market

3.14.1.   Top players analysis, 2017

3.14.2.   Strategy dashboard

3.15.    Competitive landscape of recreational boating market, 2017

3.15.1.   Top players analysis, 2017

3.15.2.   Strategy dashboard

3.16.    PESTEL analysis

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


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