Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Small Boats Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Small Boats Market Growth?
The market size of small boats has expanded quickly in the recent past. The market is expected to increase from $39.02 billion in 2024 to $43.12 billion in 2025, with a compound annual growth rate (CAGR) of 10.5%.
What Is the Predicted Industry Size and CAGR of the Small Boats Market in 2029?
By 2029, the small boats market is predicted to reach a size of $70.39 billion, with a compound annual growth rate (CAGR) of 13.0%.
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Which Factors Are Driving Growth in the Small Boats Market?
The key drivers in the small boats market are:
• Surge in urbanization and population growth
• Rising environmental consciousness
• Expanding culture of recreational boating
• Stricter safety regulations and sustainable practices
Which Segment Trends Are Covered in the Small Boats Market Forecast?
The small boats market covered in this report is segmented –
1) By Product Type: Powered Boat, Sail Boat, Personal Watercraft, Other Products
2) By Material: Fiberglass, Metal, Wood, Inflatable, Other Materials
3) By Application: Pleasure, Fishing, Defense, Other Applications
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What Are the Current Market Trends in the Small Boats Industry?
The key trends in the small boats market are:
• Digital transformation and connectivity are major emerging trends in the small boats market.
• Technological advancements are having a significant impact on the future of the market.
• Government regulations and safety standards are shaping the current and future market trends.
• There is a growing trend towards online sales and direct-to-consumer models, as well as electric propulsion systems.
Who are the Key Companies in the Small Boats Market?
Major players in the small boats market are:
• AB Volvo Penta
• Polaris Industries Inc.
• Bombardier Recreational Products Inc.
• Brunswick Corporation
• Beneteau Group SA
• Malibu Boats Inc.
• Ferretti Group S.p.A.
• Sea Ray Boats Inc.
• MasterCraft Boat Company LLC
• Azimut Benetti S.p.A.
• Marine Products Corporation
• Boston Whaler Inc.
• Sunseeker International Holdings Limited
• S2 Yachts Inc.
• Formula Boats Inc.
• Pursuit Boats LLC
• Grady-White Boats Inc.
• Cobalt Boats LLC
• Everglades Boats LLC
• Seabring Marine Industries Inc.
• Sea Fox Boat Company
• Four Winns Boats LLC
• Stingray Boats Inc.
• Bavaria Yachtbau GmbH
• Correct Craft Inc.
• Crestliner Marine Holdings Inc.
• WeLLCraft Marine Inc.
• Carver Yachts LLC
What are the Regional Trends Across the Small Boats Market?
Asia-Pacific was the largest region in the small boats market in 2024
