Recreational Boats Market: 3-Key Growth Scenarios

Recreational Boats Market Latest Edition Published with Forecast to 2027


The article cited AMA's "Global Recreational Boats Market Study" explored CAGR of 8.8%. According to the report, Recreational Boats with New Features and Styling is one of the primary growth factors for the market. Rising Disposable Income Has Resulted In Increased Travel and Tourism Activities across the Globe is also expected to contribute significantly to the Recreational Boats market. Overall, Fishing applications of Recreational Boats, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Boat Type, such as Outboards, is boosting the Recreational Boats market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Material, such as Fiberglass, is boosting the Recreational Boats market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Power, such as Engine-Powered, is boosting the Recreational Boats market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Recreational Boats market identified that the demand is rising in many different parts of the world as "Technological Advancements in Marine Industry ". Furthermore, some recent industry insights like "On 28 June 2017, Malibu Boats, Inc. announced a definitive agreement to acquire Cobalt Boats, LLC, a privately held, leading manufacturer and distributor of premium sterndrive and outboard boats for an aggregate purchase price of 130 million USD. Further strengthening Malibu's leading position in the powerboat industry" is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Recreational Boats market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Recreational Boats market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

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Data Triangulation
The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

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