Speak directly to the analyst to clarify any post sales queries you may have.
KEY HIGHLIGHTS:
- The established markets of the US are expected to witness high demand for recreational boats during the forecast period since the commercial adoption of boats has increased in these regions. This offers vendors many opportunities during the forecast period. In addition, the demand for marine infrastructure arises due to the changing market dynamics, such as a higher number of recreational boat users.
- Vendors can fight stiff market competition based on the pricing and quality of their products. A vendor surge due to low entry barriers has provided customers with a wide range of providers, intensifying competition. Hence, players have to focus on acquiring customers and retaining them.
- Recreational boat players are also consistently facing the impact of various macroeconomic developments across regions. Regulations and policies are also key aspects of the sale of recreational boats. In addition, vendors are striving to produce cost-efficient recreational boats at affordable prices to meet the intensely competitive environment.
- Furthermore, the recreational boat market in the US has shown considerable growth with robust local manufacturing and strong export and import infrastructure. IT is seen as a fast-growing market with a major focus on boats up to 40 feet long.
- The overall analysis of the US market suggests that the high utility of recreational boats mostly drives the market for a variety of activities. Close to 141 million people in the US are involved in boating events. Further, the US accounts for the largest share of 42% in revenue of the global recreational boat market. Meanwhile, regarding the entry of new vendors, the US market offers tough competition.
LIST OF VENDORS
Key Vendors
- Azimut-Benetti Group
- Bombardier Recreational Products (BRP)
- Brunswick Corporation
- Ferretti
- Groupe Beneteau
Other Prominent Vendors
- Albemarle Boats
- Bertram Yachts
- Catalina Yachts
- Correct Craft
- Renaissance Marine Group
- Iconic Marine Group
- Grady-White Boats
- Grand Banks Yachts
- Malibu Boats
- Marlow Hunter
- MasterCraft Boat Holdings
- Sunseeker
- White River Marine Group
- Yamaha
- Viking Yacht
SEGMENTATION & FORECAST
- Boat Type (Revenue & Units)
- Power (Revenue & Units)
- Activity (Revenue & Units)
- Boat Size (Revenue & Units)
MARKET STRUCTURE
- Market Dynamics
- Competitive Landscape of US Recreational Boat Market
- Key Vendors
- Other Prominent Vendors
APPENDIX
- Research Methodology
- Abbreviations
Table of Contents
Companies Mentioned
- Azimut-Benetti Group
- Bombardier Recreational Products (BRP)
- Brunswick Corporation
- Ferretti
- Groupe Beneteau
- Albemarle Boats
- Bertram Yachts
- Catalina Yachts
- Correct Craft
- Renaissance Marine Group
- Iconic Marine Group
- Grady-White Boats
- Grand Banks Yachts
- Malibu Boats
- Marlow Hunter
- MasterCraft Boat Holdings
- Sunseeker
- White River Marine Group
- Yamaha
- Viking Yacht
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.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 123 |
| Published | August 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 17.31 Billion |
| Forecasted Market Value ( USD | $ 28.54 Billion |
| Compound Annual Growth Rate | 8.6% |
| Regions Covered | United States |
| No. of Companies Mentioned | 20 |
