Recreational Boating Market: Brunswick Boat Group, Ferretti Group, Malibu Boats, BENETEAU, MacGregor, Azimut: Benetti Group
Recreational Boating Market is estimated to exhibit around 6% CAGR with USD 230 billion by 2024. Travel and tourism activities have witnessed an upsurge across the globe owing to increased disposable income, majorly contributing to the industry revenue generation over the forecast timeframe. These boats are increasingly being used in various leisure activities such as motorized water sports, campaigning, sailing, and boat racing. This has resulted in increased production, further propelling the recreational boating market share from 2017 to 2024.
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