Single Deck Boat Global Market Report 2024

A single deck boat is a type of vessel characterized by having just one main deck above its hull, without additional upper or lower decks. These boats are commonly employed for leisure activities, fishing, or small-scale transportation due to their straightforward design. They are generally easier to navigate and maintain compared to boats with multiple decks.

Single-deck boats are typically powered by either internal combustion engines (ICE) or electric motors. Internal combustion engine boats utilize traditional engines, delivering dependable performance suitable for a variety of recreational water activities. They are available in different size categories including small, medium, and large, catering to pursuits such as wakeboarding, fishing, wakesurfing, and other similar applications.

The single deck boat market research report is one of a series of new reports that provides single deck boat market statistics, including single deck boat industry global market size, regional shares, competitors with an single deck boat market share, detailed single deck boat market segments, market trends and opportunities, and any further data you may need to thrive in the single deck boat industry. This single deck boat market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The single deck boat market size has grown rapidly in recent years. It will grow from $2.31 billion in 2023 to $2.61 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. During the historic period, growth was driven by factors such as rising disposable income, the growing appeal of recreational boating, advancements in boat design and manufacturing, the expansion of coastal tourism, and increased participation in water sports activities.

The single deck boat market size is expected to see rapid growth in the next few years. It will grow to $4.29 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. Anticipated growth in the forecast period can be attributed to several factors including heightened demand for eco-friendly boats, technological innovations in boat manufacturing, increasing popularity of electric and hybrid boats, growth in marine tourism and adventure boating, expansion of boat rental and sharing services, and a digital transformation in sales and marketing strategies. Key trends expected in the forecast period include the adoption of electric and hybrid propulsion systems, integration of smart technology and IoT in boats, customization and personalization of boat designs, expansion of the boat rental and sharing economy, and a heightened emphasis on sustainability and environmental friendliness.

The rise in recreational boating and water sports is anticipated to drive the expansion of the single deck boat market moving forward. Recreational boating and water sports encompass a range of leisure activities conducted on water, including boating, sailing, fishing, kayaking, jet skiing, and other water-based sports for enjoyment and relaxation. This growth is fueled by increased disposable incomes and a rising interest in outdoor and adventurous pursuits. Single-deck boats are preferred in recreational boating for their easy maneuverability, spacious interiors, and versatility for activities such as fishing, cruising, and leisurely outings on water. For instance, in May 2023, according to the National Marine Manufacturers Association (NMMA), recreational boating experienced substantial economic growth, with annual economic activity increasing by 36% from $170 billion in 2018 to $230 billion by 2023. Additionally, 260,000 new boats were sold in 2022, along with over one million pre-owned boats, marking an increase compared to the previous year. Thus, the surge in recreational boating and water sports is propelling the single deck boat market forward.

Key companies in the single deck boat market are focusing on eco-friendly and fuel-efficient boats, such as those incorporating decks made from solar panels, to demonstrate the use of renewable energy and gain a competitive advantage. A single-deck boat with a solar panel deck utilizes sunlight to power its operations, showcasing a sustainable energy solution and highlighting renewable energy potential in maritime transportation. For instance, in January 2024, Waterways Industrial Ltd., a UK-based recreational facilities provider, launched a boat featuring a deck made from solar panels. This innovative design enables the vessel to utilize solar power, significantly reducing its carbon footprint and providing an eco-friendly alternative for maritime travel. The boat is recognized for its quiet operation and includes batteries that store power while also allowing for charging various onboard or onshore devices such as laptops, cell phones, or e-bikes.

In May 2021, Envision Company, a US-based investment and business development services company, acquired Premier Marine LLC for an undisclosed sum. Envision's acquisition of Premier aims to diversify its business portfolio and capitalize on growth opportunities in the recreational boating industry by integrating Premier Pontoons' established market presence and product innovation with Envision's technological solutions. Premier Marine LLC is a US-based manufacturer known for producing high-quality pontoons and single-deck recreational boats.

Major companies operating in the single deck boat market are Yamaha Motor Corporation, Sea Ray Boats Inc, MasterCraft Boat Company LLC, Lund Boat Company LLC, Regal Marine Industries Inc, Crownline Manufacturing Inc., Nautique Boat Company Inc, Boston Whaler Incorporated, Monterey Boats LLC, Glastron Boats, Skeeter Products Inc, Larson Boat Group Inc, TAHOE Boats Inc, Lowe Boats LLC, Chaparral Boats Co, Ranger Boats LLC, Rinker Boat Company LLC, Tracker Marine LLC (Tracker Boats division), Four Winns Corporation, Stingray Boats Corporation, Triton Boats Inc, Bayliner Boats LLC, Hurricane Marine Industries LLC, Nitro Boats LLC, Phoenix Bass Boats Inc, Stratos Boats LLC, Bullet Boats Incorporated, Crestliner Boats Inc.

Asia-Pacific was the largest region in the single deck boat market in 2023. The regions covered in the single deck boat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the single deck boat market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The single deck boat market consists of sales of small motorboats, pontoon boats, skiffs, and dinghies. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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