The Recreational Boats Market is expected to grow at a CAGR of 7.8% from 2020 to 2027 to reach $54.9 billion by 2027 from $37.7 billion in 2020. Recreational boats market is steadily cruising to new horizons majorly due to booming tourism industry, growing economic development, growing participation in the boating activities, innovation in boat engine, and increasing disposable income. In addition, growing water sport activities and growing boat import in developing nations such as Thailand provides significant opportunities in this market.
Here are the top 10 companies operating in the Recreational Boats Market
Groupe Beneteau was founded in 1884 and is headquartered at Saint-Gilles-Croix-De-Vie, France. The company is engaged in the building and sale of recreationwal boats and mobile leisure homes. Groupe Beneteau, through its boat division’s 10 brands, offers over 200 recreational boat models serving its customers’ diverse navigational needs and uses from sailing to motorboating, monohulls and catamarans. The company designs, manufactures, and sells boats and mobile homes in France and internationally.
The company has its geographical presence in France, Rest of Europe, North America, South America, Asia, and Rest of world.
Brunswick Corporation was founded in 1845 and is headquartered at Mettawa, IL, U.S.; Brunswick Corporation operates through recreation and lifestyle brands. The company is engaged in the building and sale of recreational boats, marine engine, and fitness equipment. The company’s boat segment offers fiberglass pleasure boats, yachts and sport yachts, sport cruisers and sport boats, offshore fishing boats, aluminium and fiberglass fishing boats, pontoon boats, utility boats, deck and inflatable boats, and heavy-gauge aluminium boats under the Bayliner, Heyday, Boston Whaler, Lund, Crestliner, Cypress Cay, Harris, Lowe, Princecraft, and Thunder Jet brands.
The company has its geographical presence in North America, Europe, Pacific Rim, Latin America, and Middle East and Africa.
Azimut-Benetti Group was founded in 1969 and is headquartered at Viareggio, Italy. The Azimut-Benetti Group is engaged in manufacturing of yachts, mega yachts, and servizi business. The group operates under the Azimut Yachts, Benetti, Fraser, Royal Yacht Club, Marina de Varazze, Lusben, and Yachtique brands. The group offers super, flybridge, sport, and long-range yachts, as well as mega yachts and sailing boats.
The company has its geographical presence in worldwide.
Ferretti S.P.A. was founded in 1968 and is headquartered at Forlì, Italy. Ferretti S.P.A. along with its subsidiary, designs, constructs, sells motor yachts, and pleasure vessels. The company offers flybridge, runabout, open, coupé, and lobster boats; and maxi and mega yachts. Ferretti S.P.A. owns exclusive brands including Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, and Custom Line.
The company sells its products through a network of dealers and brokers in North America, Asia, and internationally. It is also active in Asia through the Hong Kong-based subsidiary Ferretti Group Asia Pacific Ltd.
Malibu Boats, Inc.
Malibu Boats, Inc. was founded in 1982 and is headquartered at Tennessee, U.S.; Malibu Boats, Inc. designs, manufactures, distributes, markets, and sells recreational powerboats. The Malibu brand family also includes Axis Wake Research and Cobalt Boats. The company offers performance sport boats under the Malibu and Axis brand names; and sterndrives and outboard boats under the Cobalt brand name. The Malibu boats are used for water sports, including water skiing, wakeboarding, and wake surfing, as well as general recreational boating.
The company also offers various accessories and aftermarket parts. As of July 1, 2017, the Malibu and Axis brand distribution channel consisted of 126 independent dealers operating in 146 locations in North America and 59 independent dealer locations across 40 countries outside of North America, including Australia. The company has its geographical presence in North America, Australia, and New Zealand.
Meticulous Research in its latest publication on Recreational Boats Market has predicted the growth of 7.8% during the forecast year 2020-2027.
Marine Products Corporation
Marine Products Corporation was founded in 1965 and is headquartered at Atlanta, U.S.; Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats in the sportboat, deckboat, cruiser, jet boat, and sport fishing markets. The company manufactures Chaparral sterndrive pleasure boats, including H2O Sport and Fish and Ski boats, SSi and SSX sportboats, Sunesta sport deck, and Signature cruisers, as well as SunCoast sport deck outboards, Vortex jet boats, and the Surf series, a new line of Chaparral models.
The Company sells its products to a network of 147 domestic and 85 international independent authorized dealers. The company has its geographical presence in North America.
Carnival Corporation & plc
Carnival Corporation & plc was founded in 1972 and is headquartered at Florida, U.S.; Carnival Corporation & plc operates as a leisure travel company. The company operates approximately 100 cruise ships under the Carnival, Princess Cruises, Holland America Line, Seabourn, Costa, AIDA, P&O Cruises, Cunard, and Fathom. Carnival Corporation & plc also operates Holland America Princess Alaska Tours, the leading tour company in Alaska and the Canadian Yukon.
The company has its geographical presence in North America, Europe, Australia, and Asia.
Royal Caribbean Cruises Ltd.
Royal Caribbean Cruises Ltd. was founded in 1968 and is headquartered at Florida, U.S.; Royal Caribbean Cruises Ltd. operates as a cruise company. The company owns and operates three global brands: Royal Caribbean International, Celebrity Cruises, and Azamara Club Cruises. The company provides shore and land excursions, and cruise tour options. The company also operates ships under the partner brands, such as TUI Cruises, Pullmantur, and SkySea Cruises. Together, these brands operate a combined total of 49 ships with an additional thirteen on order.
The company has its geographical presence in North America, Europe, and Asia-Pacific.
Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line Holdings Ltd. was founded in 1966 and is headquartered at Florida, U.S.; Norwegian Cruise Line is the innovator in cruise travel with a 50-year history of breaking the boundaries of traditional cruising, most notably with the introduction of Freestyle Cruising which revolutionized the industry by giving guests more freedom and flexibility. Norwegian Cruise Line Holdings Ltd. operates as a cruise company and offers its products through independent travel agents, wholesalers, and tour operators.
As of 2017, it operated a fleet of 25 ships with approximately 50,400 berths under the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. The company has its geographical presence in North America, Europe, Asia-Pacific, and other.
MasterCraft Boat Company
MasterCraft Boat Company, Inc. was founded in 1968 and is headquartered at Tennessee, U.S.; MasterCraft Boat Company, offers recreational performance sport boats, which are primarily used for water skiing, wakeboarding, and wake surfing, as well as general recreational boating. The company also offers recreational fishing boats under the Hydra-Sports brand name; and various accessories, such as trailers and aftermarket parts. MCBC Holdings, Inc., through its subsidiaries, innovates, designs, manufactures, and markets recreational sport boats in North America and internationally.
The company sells its boats to over 30 different countries and has over 130 domestic and international dealers. The company has its geographical presence in North America, Europe, Asia-Pacific, and Middle East & Africa.
Popular Mentions: Grand Banks Yachts Ltd., Porter, Inc., Grady-White Boats, Inc., Maverick Boat Group, Inc., Correct Craft, Baja Marine, Albemarle Boats, Pacific Asian Enterprises, and Sunseeker International Limited.
Authoritative Research on the Recreational Boats Market – Global Opportunity Analysis and Industry Forecast (2020-2027)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.