According to Arizton latest research report, the global recreational boats market is growing at a CAGR of 6.71% during 2024-2030.
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Report Scope:
MARKET SIZE – REVENUE (2030): USD 55.20 Billion
MARKET SIZE – REVENUE (2024): USD 37.40 Billion
CAGR – REVENUE (2024-2030): 6.71%
MARKET SIZE-VOLUME (2030): 820.6 Thousand Units
HISTORIC YEAR: 2021-2023
BASE YEAR: 2024
FORECAST YEAR: 2025-2030
LARGEST REGION (2024): North America
FASTEST-GROWING REGION: Middle East & Africa
MARKET SEGMENTATION: Product, Power, Activity, and Geography
GEOGRAPHIC ANALYSIS: North America, Europe, APAC, Latin America, and the Middle East & Africa
Recreation Boat Market to Witness Strong Growth with USD 55.20 Billion Revenue By 2030Top of Form
The global recreational boating market is poised for robust growth, driven by rising interest in water sports and leisure activities, increasing travel and tourism, and the expansion of subscription-based ownership models. These factors, combined with supportive government initiatives and ongoing infrastructure development, are accelerating market adoption worldwide.
At the same time, sustainability and innovation are reshaping the industry. Electrification and hybridization are emerging as key growth drivers, with manufacturers increasingly integrating battery-powered electric motors and hybrid systems to deliver cleaner, quieter, and more efficient vessels. Fully electric boats provide zero-emission cruising, protecting water and air quality in lakes, rivers, and coastal areas, appealing to eco-conscious consumers.
As infrastructure continues to develop and environmental awareness rises, electrification and hybridization are set to remain central trends, shaping the future trajectory of the global recreational boating market.
Luxury and Outboard Boats See Rising Demand Amid Tourism Revival
As global travel rebounds and tourism experiences evolve, the waters are becoming a new frontier for leisure and investment. The global recreational boating market is capitalizing on this momentum, driven by expanding marine infrastructure, growing consumer appetite for water sports, and rising demand for luxury and rental boats. In 2023 alone, over 970 million international tourists explored destinations worldwide, with the travel sector contributing around 9% to global GDP.
Tourism operators, resorts, and local authorities are increasingly expanding their fleets to meet experiential and leasing needs, while rising disposable incomes and heightened interest in leisure activities continue to fuel market growth. With cruise and watersport segments gaining prominence, the recreational boating market is charting a course for sustained expansion, reflecting both economic prosperity and the shifting lifestyles of modern consumers.
MEA Leads Growth as North America Retains Recreational Boats Market Dominance
The Middle East & Africa are poised for the fastest growth in the global recreational boats market, with a projected CAGR of 8.0% during the forecast period. Investment in non-oil sectors such as tourism, along with the development of new marinas, ports, and coastal leisure facilities, is driving market expansion across the region.
Rising tourism is attracting both domestic and international visitors, while a growing emphasis on premium and luxury boating experiences caters to affluent clientele. The significant population of high-net-worth individuals is boosting demand for yachts and other luxury recreational vessels. Recreational boating is increasingly becoming a key leisure activity, offering unique experiences in relaxation and water-based tourism, further propelling market growth.
In contrast, North America continues to hold the largest share of the global recreational boats market, accounting for over 46%. Market growth in the region is supported by high disposable incomes, an established boating culture, rising participation in watersports, the expansion of fractional ownership and boat clubs, and ongoing technological advancements in vessel design and features.
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Key Vendors
- Azimut-Benetti Group
- BENETEAU
- Brunswick Corporation
- Ferretti Group
- Yamaha Motor Co., Ltd.
Other Prominent Vendors
- Bavaria Yachts
- BRP
- Baja Marine, Inc.
- Hobie Cat Company
- Malibu Boats, Inc.
- Marine Products Corporation
- MasterCraft Boat Holdings, Inc.
- Polaris Inc.
- Sunseeker
- White River Marine Group
- Albemarle Boats
- Bertram Yachts
- Candela Technology AB
- Catalina Yachts
- Custom Weld Boats
- Duckworth Boats
- Explorer Industries
- Grady-White Boats, Inc.
- Grand Banks Yachts
- HanseYachts
- High Caliber
- Lund Boats Company
- Maverick Boat Group, Inc.
- Pacific Asian Enterprises
- Porter
- Princess Yachts
- Viking Yacht
- Vision Marine Technologies
Market Segmentation & Forecasts
By Product
- Outboard Boats
- Inboard/Sterndrive Boats
- Personal Watercraft Boats
- Other Boats
By Power
- Engine-Powered Boats
- Sail-Propelled Boats
- Man-Powered Boats
By Activity
- Cruise Tourism
- Watersports
- Fishing
By Geography
North America
- US
- Canada
Europe
- UK
- Germany
- France
- Italy
- Spain
APAC
- Japan
- China
- Australia
- New Zealand
- India
- South Korea
Middle East & Africa
- South Africa
- UAE
Latin America
- Brazil
- Mexico
- Argentina
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What Key Findings Will Our Research Analysis Reveal?
- What is the growth rate of the global recreational boat market?
- How big is the global recreational boat market?
- What are the key drivers in the global recreational boat market?
- Which product segment has the largest share in the global recreational boats market?
- Which Power segment provides more business opportunities in the global recreational boats market?
- Which region dominates the global recreational boat market?
- Who are the major players in the global recreational boat market?
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