Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Recreational Boating Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Recreational Boating Market?
The market size for recreational boating has seen robust growth lately. The size of the market is projected to increase from $32.87 billion in 2024 to $34.94 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%.
What Are the Expected Market Growth Trends for the Recreational Boating Market Through 2029?
The Recreational Boating Global Market Report 2025 predicts that by the year 2029, the market will increase to a size of $46.66 billion. This represents a compound annual growth rate (CAGR) of 7.5%.
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What Are the Key Business Drivers in the Recreational Boating Market Landscape?
The key drivers in the recreational boating market are:
• Innovations in rental and sharing services
• Market expansion and globalization
• Implementation of safety and regulatory standards
• Changes in demographics and lifestyle trends, with a specific focus on boating tourism
How Is the Recreational Boating Market Divided Across Key Categories?
The recreational boating market covered in this report is segmented –
1) By Boat Type: Yachts, Sailboats, Personal Watercrafts, Inflatables, Other Boats
2) By Engine Placement: Outboards, Inboards, Other Engine Placements
3) By Material Type: Aluminum, Fiberglass, Steel, Other Materials
4) By Boat Size: Up to 20 Ft., 21 Ft. to 35 Ft., 36 Ft. to 50 Ft.
5) By Activity Type: Cruising, Water Sports, Fishing
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What Are the Ongoing Trends in the Recreational Boating Market?
The key trends in the recreational boating market are:
• Innovations in rental and sharing services are becoming a prominent trend.
• Rising interest in boating tourism is shaping the future of the market.
• The integration of smart technology in boating is a key emerging trend.
• Innovations in design, styling and inclusion of wellness and comfort features are becoming increasingly popular.
Which Companies are Expanding in the Recreational Boating Industry?
Major players in the recreational boating market are:
• Lowe Boats
• Yamaha Motor Co Ltd.
• Polaris Inc.
• Brunswick Corporation
• Groupe Beneteau
• Malibu Boats
• Ferretti Group
• Sea Ray
• Mastercraft Boat Holdings Inc.
• Azimut Benetti Group
• Marine Products Corporation
• Nitro Boats
• Hobie Cat Company Inc.
• Boston Whaler
• Lund Boats
• White River Marine Group
• Grady-White Boats
• Regal Boats
• Ranger Boats
• Sunseeker International Limited
• Baja Marine
• Correct Craft
• Bayliner
• Chaparral Boats
• Pacific Asian Enterprises
• Fairline
• Bavaria Yachtbau
• Albemarle Boats
• Crestliner Boats
• Tracker Boats
Which is the Largest Region the Global Recreational Boating Market?
North America was the largest region in the recreational boating market in 2024
