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Recreational Boat Market is Driven by Consumer Demand for Boats and Advances in Technology | Polaris Inc, Yamaha Motor, Brunswick Corporation
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Key Trends and Drivers
In the past decade, the recreational boat market has seen several key trends emerge. One of the most notable has been the move towards more fuel-efficient vessels. This has been driven in part by advances in technology, but also by consumer demand for boats that are more environmentally friendly.
Another key trend has been the growth of the used boat market. This is due in part to the recession, which has made new boats unaffordable for many people. However, it is also due to the fact that there are now a wide variety of high-quality used boats available.
Finally, another trend that has emerged in the recreational boat market is the rise of specialty boats. This includes everything from pontoon boats to wakeboarding boats. This is due to the fact that people are increasingly looking for boats that meet their specific needs and interests.
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Market Segments
The Recreational Boat Market has been segmented into Power, Activity Type, and Region. Based on the Power, the Recreational Boat Market is segmented into Engine Powered, Man Powered, and Sail Propelled. On the basis of Activity Type, the market is bifurcated into Watersports & Cruising and Fishing. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and the Rest of the World.
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Key Players
Some major key players of Recreational Boat Market are Azimut Benetti Group (Italy), Brunswick Corporation (US), Groupe Beneteau (France), Hobie Cat Company (US), Marine Products Corporation (US), Mastercraft Boat Holdings (US), Polaris Inc (US), Sunseeker International Limited (UK), White River Marine Group (US), and Yamaha Motor Co. Ltd. (Japan).
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According to Arizton latest research report, the global recreational boats market [https://www.arizton.com/market-reports/recreational-boat-market] is growing at a CAGR of 6.71% during 2024-2030.
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