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European Recreational Boating Market revenue to reach $18bn by 2026

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European Recreational Boating Market size is anticipated to cross USD 18 billion by 2026, according to a latest forecast report by Graphical Research.

Increasing demand for water sports including surfing, water skiing, and powerboating is boosting the market revenue in Europe. European countries have about 70,000 km of shoreline and 27,000 km of internal waterways. According to the data presented by the European Boating Sector, in 2018, around 36 million people in the region are boaters. Factors including suitable terrain and favorable climatic conditions in Europe will augment the demand for recreational boating.

Growing consumer inclination toward exploring offbeat tourist attractions in Italy, Germany, and Sweden will create market growth opportunities. As per the data published by the World Bank, Italy witnessed around 61.5 million tourists in 2018 compared to 58.2 tourists in 2017. The increasing international and domestic tourist footfall in Europe will drive the market demand.

The outbreak of COVID-19 has impacted the Europe recreational boating market as countries in the region have faced massive economic downfall during the first six months of 2020. Boat manufacturers have reported a dip in sales figures due to several factors such as suspension of manufacturing operations and unavailability of labor & raw materials. Supply chain disruptions and demand losses have decreased product demand. However, the market is anticipated to grow significantly along with containment in the spread of the virus and gradual improvement in the economic conditions by 2021.

Browse detailed statistical insights from the report, “Europe Recreational Boating Market Size By Engine (Diesel, Gas), By Product (Inboard Boats By Horsepower [Below 200 hp, 201 to 500 hp, 501 to 1,000 hp, Above 1,000 hp], Outboard Boats By Type [Center Console, Express Cruiser, Pontoon, Runabout Bowrider, Others], By Horsepower [Below 200 hp, 201 to 500 hp, 501 to 1,000 hp, Above 1,000 hp], Inflatables [Below 200 hp, 201 to 500 hp]), Research Report, Country Outlook (UK, Germany, France, Italy, Spain, Norway, Sweden, Finland), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020-2026” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1701/europe-recreational-boating-market

The inflatable boat segment is anticipated to grow steadily during the forecast timeline. These boats are used for short-distance travels or rescue operations. Inflatable boats are primarily adopted for kayaking, scuba diving excursions, and other recreational purposes. These recreational boats are available in a wide range of options including inflatable kayaks, rubber rafts, rescue boats, and lifeboats.

Prominent players in the market are Brunswick Corporation, Groupe Beneteau, Bavaria Yachtbau, Yamaha Motors, and Malibu Boats. These players are emphasizing on R&D and investing new capital for new product launches in the market. For instance, in January 2021, Groupe Beneteau launched the Gran Turismo 41, an express cruiser boat. The express cruiser is ideal for day & night cruising and planning purposes.

The European recreational boating market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2015 to 2026 for the following segments:

Europe Market, By Product

  • Inboard boats
  • By horsepower
    • Below 200 hp
    • 201 to 500 hp
    • 501 to 1,000 hp
    • Above 1,000 hp
  • Outboard boats
    • By type
      • Center console
      • Express cruiser
      • Pontoon
      • Runabout bowrider
      • Others
    • By horsepower
      • Below 200 hp
      • 201 to 500 hp
      • 501 to 1,000 hp
      • Above 1,000 hp
  • Inflatables
    • By horsepower
      • Below 200 hp
      • 201 to 500 hp

Europe Market, By Engine

  • Diesel
  • Gas

The above information has been provided for the following countries:

  • Europe 
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Norway
    • Sweden
    • Finland