U.S. Recreational Boating Market 2021 Global Industry Trends | Growth Dynamics To 2024
Category: #business  By Ronak Bora  Date: 2021-08-02
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U.S. Recreational Boating Market 2021 Global Industry Trends | Growth Dynamics To 2024

The U.S. recreational boating market size to register a CAGR of 4.5% by 2024. Besides from the significant contribution made by the leading companies, U.S. recreational boating industry trends are also likely to transform with considerable government support to upgrade and maintain boating infrastructure. The U.S. Fish and Wildlife Service, for instance, has announced grants worth USD 14 million in 2015 to maintain the boating infrastructure & support the manufacturers. Driven by such supportive initiatives and escalating product demand, the U.S. recreational boating industry is certain to take a deeper dive in terms of the revenue landscape.

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U.S. recreational boating market is expected to tread along a lucrative roadmap in the years ahead, given the rising prevalence of water-based recreational activities such as camping, sailing, fishing, cruising, and boating. Reliable statistics indicate that more than 87 million U.S. adults participate in the recreational boating activities every year, and there were more than 11.87 million recreational boating vessels registered in the U.S. in 2015. Analysts claim that the changing consumer lifestyles and rising disposable incomes of the middle-class population have been inherently impacting the U.S recreational boating industry share, which was pegged at USD 20.5 billion in 2017.

As the presence of a robust economy continues to bolster the boating expenditures and new boat sales, the overall capital expenditure and manufacturing optimism are likely to be at its best - marking one of the strongest periods on record for the U.S. recreational boating industry expansion. The growth trajectory of U.S. recreational boating market is further expected to register healthy gains as the industry players are thriving to bring new technologies, products, and collaboration across all the segments. Enumerated below are some recent initiatives that are bound to proliferate the commercialization matrix of the U.S. recreational boating industry.

As the presence of a robust economy continues to bolster the boating expenditures and new boat sales, the overall capital expenditure and manufacturing optimism are likely to be at its best - marking one of the strongest periods on record for the U.S. recreational boating industry expansion. The growth trajectory of U.S. recreational boating market is further expected to register healthy gains as the industry players are thriving to bring new technologies, products, and collaboration across all the segments. Enumerated below are some recent initiatives that are bound to proliferate the commercialization matrix of the U.S. recreational boating industry.

With this acquisition, Brunswick is expected to add a highly attractive, broad, and complementary product portfolio for the U.S. recreational boating market space. Reports state that the new portfolio of Brunswick will include Blue Sea Systems, Czone, Marinco, Del City, Mastervolt, Ancor, BEP, Park Power, Progressive Industries, ProMariner, and Lenco Marine under its global Mercury Marine P&A business.

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Some Point from Table of Contents:             

Chapter 4.     U.S. Recreational Boating Market, By Product

4.1. U.S. recreational boating industry share by product, 2017 & 2024

4.2. Inboard

4.2.1.  Market estimates and forecasts, 2013 – 2024

4.2.2.  Market estimates and forecast, by state, 2013 – 2024

4.3. Outboard

4.3.1.  Market estimates and forecasts, 2013 – 2024

4.3.2.  Market estimates and forecast, by state, 2013 – 2024

4.4. Inflatables

4.4.1.  Market estimates and forecasts, 2013 – 2024

4.4.2.  Market estimates and forecast, by state, 2013 – 2024

4.5. Sail boats

4.5.1.  Market estimates and forecasts, 2013 – 2024

4.5.2.  Market estimates and forecast, by state, 2013 – 2024

4.6. Personal watercrafts

4.6.1.  Market estimates and forecasts, 2013 – 2024

4.6.2.  Market estimates and forecast, by state, 2013 – 2024

Chapter 5.     U.S. Recreational Boating Market, By Power

5.1. U.S. recreational boating industry 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 complete Table of Contents (ToC) of this research report @

https://www.decresearch.com/toc/detail/us-recreational-boating-market

 

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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