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Europe Recreational Boating Market

Europe Recreational Boating Market

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Europe Recreational Boating Market

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  1. Europe Recreational Boating Market Revenue to Exceed $18 Bn by 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. By 2026, the Europe recreational boating market share is estimated to be worth nearly $18 billion, growing at a promising CAGR between 2020 and 2026. As the focus toward integration of latest sensor and automation technologies across recreational boats grows, the Europe recreational boating market size is slated to exhibit a high rate of deployment owing to the superior riding experience associated with these vessels. An uptick in the demand for watersports including powerboating, skiing, and water surfing is observed across the UK, Sweden, Finland, Germany, and Italy. Ideal geographical aspects, suitable terrains, and suitable climatic conditions have been persuading individuals to engage in watersports and recreational water activities. The factors such as the presence of a long shoreline and a robust inland waterway sector across European countries has been spurring the adoption of recreational boating in these countries. These countries possess a shoreline of about 70,000 km in addition to internal waterways extending up to 27,000 km. The inclination toward exploration of offbeat tourist spots has been promoting the use of recreational boating across the European waterbodies. As per the European Boating Sector, nearly 36 million individuals engaged in boating during 2018 across the continent. As the domestic and international tourist footfall expands, the Europe recreational boating market share is likely to augment further. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Browse detailed statistical insights from the report, “Europe Recreational Boating Market” along with the table of contents (ToC) @ https://bit.ly/3yphOZw Get sample copy of this research report @ https://www.graphicalresearch.com/request/1701/sample ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. Moreover, the tourist visits in these countries have been rising continuously year after year. For instance, as per the World Bank statistics, Italy registered visits from more than 61.5 million tourists during 2018, a substantial rise from 58.2 tourists in 2017. The Europe recreational boating market makes it highly probable that Italy might emerge as a lucrative terrain in the European recreational boating market outlook. There is a marked growth in the number of tourists, especially across Germany, Sweden, and Italy, as the pandemic-related restrictions are being relaxed. Inflatable boats are expected to witness a growing demand in the upcoming years. By 2026, the adoption rate of inflatable boats is certain to have pushed the market share due to the increased frequency of rescue operations as well as short-distance travels. These boats, including inflatable kayaks, are not only economical, and convenient to carry, but also easier to maintain than their non-inflatable counterparts. As the youth has been participating in scuba diving excursions, kayaking, and other recreational activities more frequently, the demand for inflatable kayaks, rubber crafts, lifeboats, and rescue boats is slated to pick momentum. All these advantages of inflatable watercrafts have been acting as enablers for the Europe recreational boating market outlook. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Bavaria Yachtbau, Yamaha Motors, Groupe Beneteau, Malibu Boats, and Brunswick Corporation are some leading manufacturers in Europe recreational boating market. Product diversification and strategic collaborations & partnerships are two prominent tactics that are being leveraged by the industry participants to highlight their market presence. For instance, Groupe Beneteau introduced its new express cruiser boat, Gran Turismo 41, in January 2021. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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