U.S. Recreational Boating Market: Business Opportunities, Leading Players, Trends Outlook Up to 2024

Active support from the government to promote excursion boating will positively influence the U.S. recreational boating market growth. Introduction of multiple incentives such as the Boating Infrastructure Grant by the United States Fish & Wildlife Service will expand the production and adoption of boats over the study timeframe.

The outboard boats will capture a volume share of over 71% by 2024. The dominance can be credited to the several advantages such as easier maintenance and maneuvering capabilities of these water crafts. The enhanced cockpit space as compared to counter parts will further boost the recreational boating demand over the forecast time frame.

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Rising customer spending for leisure activities and nautical tourism are driving the U.S. recreational boating market share. The escalating participation in water sports activities across the country including canoeing, kayaking, fishing, etc. is strengthening the business size over the projected time frame.

Increasing number of accidents and high initial costs of the boats may hamper the country's recreational boating market. For instance, as per the USCG, in 2017 total causalities accounted for 658 owing to various reasons including drowning, absence of life jacket, collision with other vessels, and grounding, among others.

Florida recreational boating market will generate approximately USD 3 billion over the forecast timeframe. Stringent government regulations mandating safety equipment in boats enhances consumer confidence for adopting such boats in the state. Further, the boat shows organized across the state to promote next generation technologies will further proliferate the state's revenue.

The U.S. recreational boating market participants include Bavaria Yachts, American Sail Inc., Brunswick Corporation, Azimut-Benetti Group, Groupe Beneteau, and Catalina Yachts. The players are engaged in mergers and acquisitions to maintain their market share and increase revenue. For instance, in 2018, Brunswick Corporation acquired Power Product's Global Marine & Mobile business which is valued at around USD 910 million. This acquisition will complement company's existing portfolio with eleven new brands strengthening their position in marine and transportation aftermarket business.

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Some Point from Table of Contents:

Chapter 4.     U.S. Recreational Boating Market, By Product

4.1. U.S. recreational boating industry share by product, 2017 & 2024

4.2. Inboard

4.2.1.  Market estimates and forecasts, 2013 – 2024

4.2.2.  Market estimates and forecast, by state, 2013 – 2024

4.3. Outboard

4.3.1.  Market estimates and forecasts, 2013 – 2024

4.3.2.  Market estimates and forecast, by state, 2013 – 2024

4.4. Inflatables

4.4.1.  Market estimates and forecasts, 2013 – 2024

4.4.2.  Market estimates and forecast, by state, 2013 – 2024

4.5. Sail boats

4.5.1.  Market estimates and forecasts, 2013 – 2024

4.5.2.  Market estimates and forecast, by state, 2013 – 2024

4.6. Personal watercrafts

4.6.1.  Market estimates and forecasts, 2013 – 2024

4.6.2.  Market estimates and forecast, by state, 2013 – 2024

Chapter 5.     U.S. Recreational Boating Market, By Power

5.1. U.S. recreational boating industry share by power, 2017 & 2024

5.2. Engine powered

5.2.1.  Market estimates and forecasts, 2013 – 2024

5.2.2.  Market estimates and forecast, by state, 2013 – 2024

5.3. Man powered

5.3.1.  Market estimates and forecasts, 2013 – 2024

5.3.2.  Market estimates and forecast, by state, 2013 – 2024

5.4. Sail propelled

5.4.1.  Market estimates and forecasts, 2013 – 2024

5.4.2.  Market estimates and forecast, by state, 2013 – 2024

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