The world report says, “U.S. Recreational Boating Market revenue will observe 4.5% growth rate to reach $28.5bn by 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.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2806
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.
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 size. 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.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2806
Florida recreational boating market size 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.
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.
Buy this industry insights spread across 175 pages with 219 market data tables & 11 figures & charts from the report, “U.S. Recreational Boating Market Size By Product (Inboard Boats, Outboard Boats, Inflatable, Sail Boats, Personal Watercrafts), By Power (Engine-Powered, Man-Powered, Sail Propelled), Industry Analysis Report, Country Outlook U.S. (Florida, Minnesota, Michigan, California, Wisconsin, Texas, New York, South Carolina, Ohio, North Carolina), Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/securecheckout/paymenta/2806
Table of Contents (ToC) of the report:
Chapter 5. U.S. Recreational Boating Market, By Power
5.1. U.S. recreational boating market share by power, 2017 & 2024
5.2. Engine powered
5.2.1. Market estimates and forecasts, 2013 – 2024
5.2.2. Market estimates and forecast, by state, 2013 – 2024
5.3. Man powered
5.3.1. Market estimates and forecasts, 2013 – 2024
5.3.2. Market estimates and forecast, by state, 2013 – 2024
5.4. Sail propelled
5.4.1. Market estimates and forecasts, 2013 – 2024
5.4.2. Market estimates and forecast, by state, 2013 – 2024
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/us-recreational-boating-market
About Global Market Insights
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.
Media Contact
Company Name: Global Market Insights Inc.
Contact Person: Arun Hegde
Email: Send Email
Phone: 1 302-846-7766
Address:4 North Main Street
City: Selbyville
State: Delaware
Country: United States
Website: www.gminsights.com/pressrelease/us-recreational-boating-market