Global Recreational Craft Market Will Reach $ 31.7 Billion By 2026

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FACTS AT A GLANCE
Edition: 7; Approved: April 2021
Executive pool: 1162
Companies: 36 – Players covered include Azimut Benetti Group; Bavaria yacht construction; Bennington Marine LLC; Braunschweig; Catalina yachts; Ferretti Group; Godfrey Pontoon Group; Groupe Beneteau; Hobie CAT company; Lund boats; Mahindra Odyssey; Marine Product Corporation; Ranger boats; Sunseeker International Limited; Tracker boats and others.
Cover: All major regions and key segments
Segments: Boat type (outboard boats, inboard boats / stern boats, water motor boats, sailing boats / yachts, other boat types); Energy source (motor, sail, human); Activity (cruises / water sports, fishing)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and rest Europe); Asia Pacific; Rest of the world.

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ABSTRACT-

Reaching global recreational craft market $ 31.7 billion by 2026
In the midst of the COVID-19 crisis, the world market for pleasure boats is estimated at $ 26.7 billion in 2020 is expected to reach a revised size of $ 31.7 billion until 2026 with a CAGR of 2.9% in the analysis period. Outboard boats, one of the segments analyzed in the report, is expected to have a CAGR and range of 3.4% $ 13.6 billion until the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the economic crisis caused, the inboard / stern boat segment growth will be adjusted to a revised CAGR of 2.6% for the next 7 year period.

The US market is estimated at $ 8.1 billion in 2021, while China is expected to reach $ 5.7 billion by 2026
The US recreational craft market is valued at $ 8.1 billion in 2021. China, the second largest economy in the world, is expected to reach a market size of $ 5.7 billion by 2026 with a CAGR of 2.7% in the analysis period. Other notable geographic markets include Japan and Canada, which will grow by 2.7% and 2.3% respectively over the analysis period. Within Europe, Germany is forecast to grow about 2.9% CAGR.

To be reached segment for private watercraft $ 4.9 billion by 2026
In the global private watercraft segment United States of America, Canada, Japan, China and Europe will drive the estimated CAGR of 2.3% for this segment. These regional markets make a combined market size of $ 3.4 billion in 2020 will reach a projected size of $ 4 billion until the end of the analysis period. China will be one of the fastest growing in this cluster of regional markets. More

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