Global Outboard Boats Market Segments 2024, Forecast To 2033
5 Mar, 2024
The outboard boats market displayed strong growth, increasing from $5.74 billion in 2023 to $6.29 billion in 2024, achieving a 9.5% CAGR. Historic growth was driven by consumer preferences, boating regulations, environmental concerns, and cultural shifts. The projected growth for 2028 foresees a market of $8.92 billion, sustaining momentum with a 9.2% CAGR, owing to safety features integration, rising disposable income, online sales channels, electric propulsion adoption, and boating tourism.
Global Outboard Boats Market Key Driver
The outboard boat market is set to grow due to the rising demand for recreational activities. Outdoor recreation participation reached 168.1 million individuals in 2022, constituting 55% of the U.S. population. This surge in recreational activities is a key driver for the growing popularity of outboard boats, known for their versatility and ease of use.
Get A Free Sample Of The Global Outboard Boats Market ReportGlobal Outboard Boats Market Segments
The outboard boats market covered in this report is segmented –
1) By Type: Recreational Boats, Rigid Inflatable Boats, Small Utility Boats
2) By Application: Tourism, Water Sport, Commercial Activity, Leisure Activity
3) By End User: Fishing, Water Taxi, Transportation, Hospitality Business
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the outboard boat market in 2023. Asia-Pacific is expected to be the fastest-growing region in the outboard boat market report during the forecast period. The regions covered in the outboard boats market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Outboard Boats Industry Players
Bombardier Products Inc.; Brunswick Corporation; Campion marine Inc.; Cantieri Capilli SRL; Groupe Beneteau; Polaris Inc.; Poseidon Boats; White River Marine Group; Nimbus Group; Sightseer Marine Inc.; Marine Products Corporation; Waterline Systems Inc.; Mahindra & Mahindra; Ribcraft Ltd.; Scout Boats; Seaark LLC; Stingray Boats; Zodiac Milpro Inc.; Ferretti Group; Tracker Boats; Bravia Yachtbau; Yamaha Motor Co. Ltd.; Malibu Boats Inc.; MasterCraft Boat Holdings Inc.; Bass Cat Boats; Chaparral Boats Inc.; Cobalt Boats; Crownline Boats; Grady-White Boats Inc.; Hewescraft; Cruisers Yachts; Lowe Boats; Lund Boat Company Inc.; Tracker Marine Group; NauticStar Boats; Regal Boats; Robalo Boats; Skeeter Products Inc.; Sportsman Boats Manufacturing Inc.; Starcraft Marine LLC; Stratos Boats; Sylvan Marine; Fisherman's Boat Group Inc.
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AIOps Outboard Boats Market Overview
The outboard boat refers to a boat that is powered by outboard motors. These boats are designed to have the engine mounted on the transom, or back, of the boat, and can range in size from small fishing boats to large yachts.
Outboard Boats Global Market Report 2023 provides data on the global outboard boats market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The outboard boats market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.