Recreational Boating Market: Global Industry Analysis and Forecast to 2020

Recreational Boating Market: Global Industry Analysis and Forecast to 2020

Persistence Market Research

Recreational Boating Market: Global Industry Analysis and Forecast to 2020

Persistence Market Research

1

Recreational Boating Market: Global Industry Analysis and Forecast to 2020 Persistence Market Research Released New Market Report on “Recreational Boating Market: Global Industry Analysis and Forecast to 2020”.

Recreational boat, also known as pleasure craft boat, is designed for fun on water surface. Many individual use this for fun and pleasure activities during outing with family and friends. Recreational boating includes many activities such as boat racing, sailing, campaigning, fishing and other water sports game. Recreational boats are made up of plastic, aluminum, coated fabrics. Various types of recreational boats include runabouts, towboats, fishing boats, sailboats, pontoon boats, sterndrive powerboats, jet boats, personal watercraft, propulsion systems, and cabin cruisers.

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Change in boat technologies, increased boat size, increasing high net worth population, rising economy, growing tourism industry and innovating in boat engine are attracting more people for recreational boating. This growing interest further drives the recreational boating market across the globe. Currently, recreational boating industry represents only a small fraction of the global leisure industry; however its share is expected to increase in the coming years. This industry was hit hard during global recession as demand in major markets such as the US and Europe suffered a negative impact during economic slowdown.

North America accounts for the largest share in the global recreational boating market. In North America, the U.S. holds the largest share of recreational boat market. Around 34% of the total population of the U.S participates in...