Recreational Boat Market: Analyzing Size, Share, and Key Trends for 2028
The global recreational boat market size is projected to grow from USD 18.9 Billion in 2023 to USD 25.9 Billion by 2028, at a CAGR of 6.5%. The recreational boat market is expected to experience growth driven by various factors. The expanding tourism industry and rising disposable incomes contribute to increased demand for recreational boating experiences. Furthermore, advancements in autonomous marine...
Recreational Boat Market Estimated to Reach $25.9 Billion by 2028
According to a research report “Recreational Boat Market by Boat Type (Yachts, Sailboats, Personal Watercrafts, Inflatables), Size (<30 Feet, 30-50 Feet, >50 Feet), Engine Placement, Engine (ICE, Electric), Material, Activity Type, Power Source, Region – Global Forecast to 2028″ published by MarketsandMarkets, the global recreational boat market, by value, is estimated to...
Recreational Boat Market worth $25.9 billion by 2028
The global recreational boat market, by value, is estimated to be 18.9 USD Billion in 2023 and is projected to reach 25.9 USD Billion by 2028, at a CAGR of 6.5% from 2023 to 2028. In the near future, demand for recreational boat is expected to increase due to favourable investment made for boat industry.
North America is expected to be the largest market for recreational boats, followed by Europe...