Recreational Boat Market worth $23.6 Billion by 2027 - Exclusive Report by MarketsandMarkets - Seite 2

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Outboards are estimated to account for the largest market size during the forecast period

The outboard boats segment is currently the largest segment in the Recreational Boat Market around the world. it will continue to be the largest segment during the forecast period due to high demand across US and Europe. This is because these boats have better speed, are easier to dock and cost much less to maintain compared to other variants. They also have a lower chance of catching fire due to the engine being located outside the boat. This leads to outboard boats being the most popular boat for boating enthusiasts.

The Recreational Boat Market is dominated by established players such as Brunswick corporation (US), Groupe Beneteau (France), Malibu Boats (US), Polaris Inc. (US) and MasterCraft Boat Company (US). These companies have been developing new products, adopted expansion strategies, and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the Recreational Boat Market.

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