Recreational Boating Market Trends - Industry Analysis, Size & Forecast Report (2025 - 2030)

The Report Covers Global Recreational Boating Market Size and is Segmented by Boat Type (Inboard Boats, Outboard Boats, Personal Watercraft Boats, and Other Boat Types), Application (Watersports and Fishing), Power Source (Internal Combustion Engine and Electric), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers Market Size and Forecasts for all the Above Segments in Value (in USD Billion) for the Segments Mentioned.

Recreational Boating Market Trends - Industry Analysis, Size & Forecast Report (2025 - 2030)

Recreational Boating Market Size

Recreational Boating Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 28.71 Billion
Market Size (2030) USD 36.82 Billion
CAGR (2025 - 2030) 5.10 %
Fastest Growing Market North America
Largest Market North America
Market Concentration Medium

Major Players

Recreational Boating Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Recreational Boating Market with other markets in Automotive Industry

Automotive Materials & Coatings

Automotive Technology

Vehicles

Automotive Services

Auto Parts

Automotive Equipment

Recreational Boating Market Analysis

The Recreational Boating Market size is estimated at USD 28.71 billion in 2025, and is expected to reach USD 36.82 billion by 2030, at a CAGR of 5.1% during the forecast period (2025-2030).

Due to the COVID-19 pandemic and with the travel restrictions and social distancing norms imposed, all recreational activities were muted. Consequently, the recreational boating market saw a dip in its revenues. With no public movement and the down phase of the global economy, neither new purchases were made, nor any transactions occurred. This forced the market toward economic downfall. However, with the recovery of the tourism sector in 2021 across major geographies in the North American and European regions, the market is seeing growth.

The recreational boating industry continues to attract large volumes of participants competing strongly with rival luxury leisure pursuits. It is estimated that there are at least 140 million active boaters and watersports participants worldwide, including almost 100 million across the United States and Canada, a further 36 million across Europe, and more than 5 million in Australia.

Over the long-term, the growth in the watersports tourism industry is majorly driving the recreational boating market. Rising attraction toward recreation activities and watersports from millennial and post-millennial generations is further boosting the demand in the market studied. However, dynamics in the cost range of diversified boats might serve as a challenge.

At present, the recreational boating industry represents a small percentage of the overall global leisure industry; however, the share of recreational boats is anticipated to grow over the forecast period.

Recreational Boating Industry Overview

The recreational boating market is fragmented and dominated by industry players such as American Sail Inc., Ferretti, Sunseeker, Beneteau, Brunswick, MacGregor, Azimut-Benetti, Hunter, Hobie Cat Corporation, Princess Cruise, Bavaria Yachtbau, and Catalina Yachts. The boat manufacturers are expanding their business to increase their revenue generation opportunities. For instance:

  • In March 2022, Sportsman Manufacturing Inc. has announced to invest USD 8 million to expand their operations in Dorchester County, South Carolina, this will increase the manufacturing capacity of company in order to meet the growing demands. 

Recreational Boating Market Leaders

  1. Brunswick Corporation

  2. Groupe Beneteau

  3. Azimut Benetti Group

  4. Bennington Marine LLC

  5. Catalina Yachts

  6. *Disclaimer: Major Players sorted in no particular order
Recreational Boating Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Recreational Boating Market News

  • In July 2022, Vision Marine Technologies and Groupe Beneteau formed a partnership to integrate Vision Marine Technologies' high-power electric outboard motors onboard several models across Groupe Beneteau's brand portfolio.
  • In July 2022, Mercury Marine, a division of Brunswick Corporation, announced today a collaboration with Alliant Energy to construct a 5-megawatt, a 32-acre solar array in eastern Fond du Lac County to advance the company's sustainability initiatives and the region's growing commitment to renewable energy.
  • In July 2022, Italian Benetti launched the 37-meter Benetti B.Yond in a private ceremony in Livorno. Goga was the name given to the yacht. As the first model in Benetti's Voyager series, the yacht is built with a steel hull and an aluminum superstructure for long-range cruising.

Recreational Boating Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size in USD Billion)

  • 5.1 By Boat Type
    • 5.1.1 Inboard Boats
    • 5.1.2 Outboard Boats
    • 5.1.3 Personal Watercraft Boats
    • 5.1.4 Other Boat Types
  • 5.2 By Application
    • 5.2.1 Watersports
    • 5.2.2 Fishing
  • 5.3 By Power Source
    • 5.3.1 IC Engine
    • 5.3.2 Electric Power
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Rest of North America
    • 5.4.2 Europe
    • 5.4.2.1 Germany
    • 5.4.2.2 United Kingdom
    • 5.4.2.3 France
    • 5.4.2.4 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 Japan
    • 5.4.3.3 India
    • 5.4.3.4 South Korea
    • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 Rest of the World
    • 5.4.4.1 South America
    • 5.4.4.2 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles*
    • 6.2.1 Groupe Beneteau
    • 6.2.2 Azimut Benetti Group
    • 6.2.3 Marine Product Corporation
    • 6.2.4 Bennington Marine LLC
    • 6.2.5 Sunseeker International Limited
    • 6.2.6 Ranger Boats
    • 6.2.7 Catalina Yachts
    • 6.2.8 Brunswick Corporation
    • 6.2.9 Hobie CAT Company
    • 6.2.10 Bavaria Yachtbau
    • 6.2.11 Mahindra Odyssea
    • 6.2.12 Tracker Boats
    • 6.2.13 Godfrey Pontoon Group
    • 6.2.14 Ferretti Group
    • 6.2.15 Sportsman Boats Manufacturing Inc.

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Recreational Boating Industry Segmentation

The scope of the report covers the latest trends and technologies followed by COVID-19 impact on the market. The recreational boating report covers segmentation based on Boat Type, Application, Power Source, and Geography.

By Boat Type, the market is segmented into Inboard Boats, Outboard Boats, Personal Watercraft Boats, and Other Boat Types.

By Application, the market is segmented into Watersports and Fishing.

By Power Source, the market is segmented into Internal Combustion Engine and Electric. 

and Geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. 

The report offers market size and forecast for all the above segments in value (in USD Billion).

By Boat Type Inboard Boats
Outboard Boats
Personal Watercraft Boats
Other Boat Types
By Application Watersports
Fishing
By Power Source IC Engine
Electric Power
By Geography North America United States
Canada
Rest of North America
Europe Germany
United Kingdom
France
Rest of Europe
Asia-Pacific China
Japan
India
South Korea
Rest of Asia-Pacific
Rest of the World South America
Middle-East and Africa
Need A Different Region or Segment?
Customize Now

Recreational Boating Market Research FAQs

How big is the Recreational Boating Market?

The Recreational Boating Market size is expected to reach USD 28.71 billion in 2025 and grow at a CAGR of 5.10% to reach USD 36.82 billion by 2030.

What is the current Recreational Boating Market size?

In 2025, the Recreational Boating Market size is expected to reach USD 28.71 billion.

Who are the key players in Recreational Boating Market?

Brunswick Corporation, Groupe Beneteau, Azimut Benetti Group, Bennington Marine LLC and Catalina Yachts are the major companies operating in the Recreational Boating Market.

Which is the fastest growing region in Recreational Boating Market?

North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Recreational Boating Market?

In 2025, the North America accounts for the largest market share in Recreational Boating Market.

What years does this Recreational Boating Market cover, and what was the market size in 2024?

In 2024, the Recreational Boating Market size was estimated at USD 27.25 billion. The report covers the Recreational Boating Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Recreational Boating Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Recreational Boating Industry Report

The global recreational boat market is projected to experience growth due to several key factors, including the expanding tourism industry, rising disposable income levels, and advancements in autonomous marine technology. This well-integrated and fragmented industry is supported by numerous manufacturers, ensuring a stable supply of recreational boats to meet global demand. The growing tourism industry is expected to further boost recreational boat demand, with specific segments such as pontoons, cruises, and water sports boats witnessing substantial sales growth. Despite facing challenges such as strict emission norms and trade barriers, the market is evolving with the emergence of the online market for boats, opening up new markets for manufacturers worldwide.

The yacht segment is estimated to account for the largest market share during the forecast period due to the increasing popularity of leisure boating and cruising. The North American region is expected to witness the highest growth, primarily driven by the robust demand for leisure boating and water sports. According to Mordor Intelligence™ Industry Reports, Recreational Boating market share, size, and revenue growth rate are available, along with a market forecast and a historical overview. A sample of this industry analysis is available as a PDF download.

Industry statistics indicate that the market size is expanding, reflecting global market trends. The market forecast shows a positive outlook, with market share and industry trends pointing towards significant market growth. Comprehensive industry analysis and market analysis reveal the market leaders and the overall industry overview. The market report and market research highlight the market trends and the industry report provides detailed insights into the market.

The industry outlook is promising, with industry information and market data supporting the positive market predictions. The market segmentation and market value are crucial for understanding the market dynamics. The report example and report pdf offer valuable industry insights and research findings. Industry research and industry sales data are essential for evaluating the market size and growth rate. The industry reports and market review provide a thorough market overview and market outlook.