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Recreational Boating Market

Global Recreational Boating Market is poised to record robust growth from 2023 to 2032, driven by the increasing demand for leisure activities and rising tourism.

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Recreational Boating Market

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  1. Recreational Boating Market Size, Trends, Growth Factors, Regional Segment Revenue Analysis Till 2032 Global Recreational Boating Market is poised to record robust growth from 2023 to 2032, driven by the increasing demand for leisure activities and rising tourism. As more people seek unique travel experiences and explore coastal and inland waterways, the demand for recreational boats and watercraft is poised to grow. The boating industry caters to tourists looking for recreational activities such as fishing, cruising, water sports, and sightseeing. A favorable prognosis for the recreational boating sector is anticipated with the revival of tourism and travel. Get sample copy of this research report @ https://www.gminsights.com/request- sample/detail/2076 Furthermore, governments across several economies are making significant investments in infrastructure improvement and marketing to attract visitors, thus, increasing demand for leisure activities such as boating and supporting industry growth. For instance, in December 2022, the Sri Lanka Land Reclamation and Development Corporation launched a recreational boat service to establish the nation as a major recreational boating destination. With the growing inclination towards sustainability and eco-friendliness, businesses are focusing on producing and promoting environmentally responsible products and services, appealing to an increasing number of environmentally concerned consumers. Furthermore, the development of new technologies, such as electric and hybrid propulsion systems, superior navigation and communication systems, and enhanced safety features, that improve the boating experience, will create lucrative growth opportunities through 2032. The recreational boating industry is divided based on engine, product, and region. As per engine, , the recreational boating industry share is expected to amass commendable gains from the gas engines segment. Gas engines are less expensive and require less maintenance than diesel engines. Boaters who value speed and acceleration above fuel efficiency tend to prefer petrol engines. Additionally, gas engines have a bigger network of service providers, which facilitates maintenance and repairs and increases their appeal. The market size from the inflatables segment is anticipated to grow significantly through 2032 due to the mobility, adaptability, and affordability of inflatable recreational boats. These boats are increasingly portable and practical since they are lightweight and simple to inflate, deflate, and pack into a tiny area. These are utilized for a range of activities, including cruising, watersports, and fishing. Moreover, the relatively lower prices of these boats compared to their conventional counterparts will propel the segment gains. Request for customization @ https://www.gminsights.com/roc/2076 © 2019 Global Market Insights Inc. All Rights Reserved www.gminsights.com

  2. Europe recreational boating industry exhibited substantial growth in 2022 and is estimated to amass USD 10 billion by the end of 2032. The regional growth can be attributed to the increasing adoption of autonomous boats and the advancements in autonomous marine technology. Furthermore, the growing demand for safer, more efficient, and sustainable boating solutions will positively influence the industry landscape over 2023-2032. Key recreational boating market players include Maverick Boat Group, Inc Malibu Boats, Brunswick Corporation, Yamaha Motor Corporation, Correct Craft, Porter Inc., and Grady-White Boats. Table of Contents (ToC) of the report: Chapter 1 Methodology & Scope 1.1 Market definitions 1.2 Base estimates & calculations 1.3 Forecast calculation 1.4 Data Sources 1.4.1 Primary 1.4.2 Secondary 1.4.2.1 Paid sources 1.4.2.2 Public sources Chapter 2 Executive Summary 2.1 Recreational boating market 360º synopsis, 2018 - 2032 2.2 Business trends 2.2.1 Total Addressable Market (TAM), 2023-2032 2.3 Regional trends 2.4 Product trends 2.5 Engine trends Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/recreational-boating-market About Global Market Insights: © 2019 Global Market Insights Inc. All Rights Reserved www.gminsights.com

  3. Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Contact Us: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: 1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email:sales@gminsights.com © 2019 Global Market Insights Inc. All Rights Reserved www.gminsights.com

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