1h Free Analyst Time
The Europe Recreational Boat Market experienced significant growth with a market value of $11.94 billion in 2022. This sector encompasses various types of boats and watercrafts designed for leisure and recreational activities, including sailing, fishing, and cruising. The market dynamics are influenced by factors such as tourism, disposable income, and preferences for outdoor activities. Key players in the industry often engage in technological advancements and product innovations to tap into the lucrative European recreational boat market.Speak directly to the analyst to clarify any post sales queries you may have.
KEY HIGHLIGHTS:
- The European recreational boat market has experienced significant growth and demand in recent years, notably impacting the region’s economy and leisure industry. The rising interest in recreational boating and favorable economic conditions have contributed to this surge in demand, creating a promising future for the industry.
- The Europe recreational boat market is witnessing robust growth due to several factors. Firstly, rising disposable incomes across the region have enabled more individuals and families to pursue leisure activities, including boating. As people seek outdoor experiences and engage in water-based recreation, the demand for recreational boats has surged.
- Electric boats have emerged as a new and significant trend in the boat market. Driven by a growing emphasis on eco-friendliness and sustainability, these watercrafts produce zero emissions during operation, appealing to environmentally conscious consumers. Technological advancements in battery technology and electric propulsion systems have improved their performance and range, making them more competitive with traditional boats.
- Alternative energy source options are one of the biggest trends in the recreational boating market. Energy sources like Solar panels can be installed on recreational crafts to generate electricity that is then used to powerboat appliances or to support propulsion in the case of an electric or hybrid-powered boat.
- Digital technologies, such as augmented reality (AR) applications, are being used to provide customers with interactive boat customization experiences, allowing them to visualize and personalize their dream boats. Smart navigation systems and digital integration enhance safety and convenience during boating activities. High-end boat manufacturers like Azimut-Benetti group, Sunseeker, Groupe Beneteau, and many other prominent vendors that provide these kinds of technologies are gaining an advantage over other competitors.
- In July 2023, Groupe Beneteau, one of the key vendors and Volvo Penta (a marine and industrial and industrial engine manufacturer) have team-up to host a collaborative hands-on testing for a hybrid-electric system incorporated into leisure boat that featured the cutting-edge advances in sustainability, intuitive operation and near-silent cruising that will caters its sustainability boating.
SEGMENTATION & FORECAST
Type (Revenue & Volume)
- Outboard Boats
- Inboard/Sterndrive Boats
- Personal Watercrafts
- Superyachts
- Others
Power (Revenue & Volume)
- Engine-powered boats
- Man-powered boats
- Sail-propelled boats
Activity (Revenue & Volume)
- Cruise Tourism
- Water sports
- Fishing
Boat Size (Revenue & Volume)
- 30-50 Feet Boats
- < 30 Feet Boats
- >50 Feet Boats
MARKET STRUCTURE
- Market Dynamics
- Competitive Landscape of Europe Recreational Boat Market
- Key Vendors
- Other Prominent Vendors
APPENDIX
- Research Methodology
- Abbreviations
LIST OF VENDORS
Key Vendors
- Azimut-Benetti Group
- Bombardier Recreational Product (BRP)
- Ferretti
- Groupe Beneteau
- Sunseeker
Other Prominent Vendors
- Malibu Boats
- HanseYachts
- BAVARIA YACHTS
- Princess Yachts
- Grand Banks Yachts
- Fountaine Pajot
- Sunreef Yachts
- Sessa Marine
- Lurssen
- X-Yachts
- Solaris Yachts
- Salona Yachts
- Greenline Yachts
- Nautor Swan
- Amel Yachts
Table of Contents
Chapter - 1: Europe Recreational Boat Market Overview
Chapter - 2: Europe Recreational Boat Market Projected Revenue & Volume
Chapter - 3: Europe Recreational Boat Market Segmentation Data
Chapter - 4: Europe Recreational Boat Market Prospects & Opportunities
Chapter - 5: Europe Recreational Boat Market Industry Overview
Chapter - 6: Appendix
List of Exhibits
List of Tables
Companies Mentioned
- Azimut-Benetti Group
- Bombardier Recreational Product (BRP)
- Ferretti
- Groupe Beneteau
- Sunseeker
- Malibu Boats
- HanseYachts
- BAVARIA YACHTS
- Princess Yachts
- Grand Banks Yachts
- Fountaine Pajot
- Sunreef Yachts
- Sessa Marine
- Lurssen
- X-Yachts
- Solaris Yachts
- Salona Yachts
- Greenline Yachts
- Nautor Swan
- Amel Yachts
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 115 |
| Published | October 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 11.94 Billion |
| Forecasted Market Value ( USD | $ 17.63 Billion |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 20 |
