U.S. Recreational Boating Market trends research and projections for 2018 – 2024

Rising customer spending for leisure activities and nautical tourism are driving the U.S. recreational boating market share. The escalating participation in water sports activities across the country including canoeing, kayaking, fishing, etc. is strengthening the business size over the projected time frame.

Active support from the government to promote excursion boating will positively influence the U.S. recreational boating market growth. Introduction of multiple incentives such as the Boating Infrastructure Grant by the United States Fish & Wildlife Service will expand the production and adoption of boats over the study timeframe.

The outboard boats will capture a volume share of over 71% by 2024. The dominance can be credited to the several advantages such as easier maintenance and maneuvering capabilities of these water crafts. The enhanced cockpit space as compared to counter parts will further boost the recreational boating demand over the forecast time frame.

Request sample copy of this report @ https://www.decresearch.com/request-sample/detail/2806

The engine powered boats will witness growth rate of almost 4% till 2024 due to the increasing penetration of PWCs, inboard, and outboard for recreational boating. These boats are available in multiple engine specification alternatives with a wide range of fuel types including petrol, diesel, ethanol, hybrid, and electric favoring the business growth.

Increasing number of accidents and high initial costs of the boats may hamper the country's recreational boating market. For instance, as per the USCG, in 2017 total causalities accounted for 658 owing to various reasons including drowning, absence of life jacket, collision with other vessels, and grounding, among others.

Florida recreational boating market will generate approximately USD 3 billion over the forecast timeframe. Stringent government regulations mandating safety equipment in boats enhances consumer confidence for adopting such boats in the state. Further, the boat shows organized across the state to promote next generation technologies will further proliferate the state's revenue.

Make Inquiry about this report @ https://www.decresearch.com/inquiry-before-buying/2806

The U.S. recreational boating industry participants include Bavaria Yachts, American Sail Inc., Brunswick Corporation, Azimut-Benetti Group, Groupe Beneteau, and Catalina Yachts. The players are engaged in mergers and acquisitions to maintain their market share and increase revenue. For instance, in 2018, Brunswick Corporation acquired Power Product's Global Marine & Mobile business which is valued at around USD 910 million. This acquisition will complement company's existing portfolio with eleven new brands strengthening their position in marine and transportation aftermarket business.

Table Of Content

Chapter 1.  Methodology and Scope

1.1. Methodology

1.1.1.  Initial data exploration

1.1.2.  Statistical model and forecast

1.1.3.  Industry insights and validation

1.1.4.  Scope, definition and forecast parameters

1.2. Data Sources

1.2.1.  Secondary

1.2.2.  Primary

Chapter 2.  Executive Summary

2.1. U.S. recreational boating industry 3600 synopsis, 2013 - 2024

2.1.1.  Business trends

2.1.2.  Product trends

2.1.3.  Power trends

2.1.4.  State trends

Chapter 3.     U.S. Recreational Boating Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1.  Component supplier

3.3.2.  Manufacturers

3.3.3.  Distribution channel analysis

3.3.4.  Vendor matrix

3.4. Technology landscape

3.5. Requirements on safety equipment for recreational craft

3.6. Pricing analysis

3.6.1.  Cost structure analysis

3.7. U.S. regulatory landscape

3.8. Marine engines

3.9. Dock accessories analysis

3.9.1.  Bow guide

3.9.2.  Dock corners

3.9.3.  Boat lifts

3.9.4.  Centering guides

3.9.5.  Dock lockers

3.9.6.  Others

3.10.    Industry impact forces

3.10.1.   Growth drivers  Rising leisure activities

3.10.2.   Industry pitfalls & challenges  Rising fatalities and injuries

3.11.    Innovation and sustainability

3.11.1.   IT tools such as online booking, smart phone applications and Wi-Fi solutions

3.12.    Growth potential analysis

3.13.   Porter's analysis

3.14.   Competitive landscape of boat lift market

3.14.1.   Top players analysis, 2017

3.14.2.   Strategy dashboard

3.15.    Competitive landscape of recreational boating market, 2017

3.15.1.   Top players analysis, 2017

3.15.2.   Strategy dashboard

3.16.    PESTEL analysis