Recreational Fiberglass Boat Market to See Strong Expansion |...

Recreational Fiberglass Boat Market to See Strong Expansion

Posted 2023-04-24 04:53:30

Stratview Research publishes a new report titled Recreational Fiberglass Boat Market which is segmented by Boat Type (Outboard Boat, Inboard/Sterndrive Boat, PWC, and Others), by Application Type (Fishing, Watersports, Sailing, and Others), by Power Type (Engine-Powered and Sail-Propelled), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)

Market Insights

The next five years for the recreational fiberglass boats seem vigorous with attractive growth opportunities across the world. It is anticipated that the global recreational fiberglass boat market size is projected to depict a healthy growth over the next five years to reach an estimated value of US$ 9,538.5 million in 2024. Continuous increase in new powerboat sales, an increasing number of fishing participants, an increasing number of outboard motorboat sales, increasing HNWI population, and affordability of recreational fiberglass boats are major growth drivers of the recreational fiberglass boat market.

Another factor drawing a consequential interest in the market is an increasing number of merger & acquisition activities in the past couple of years, leading to a greater market concentration. Major boat manufacturers own a large number of brands and have keenly been acquiring other brands in order to gain a larger chunk of the market. For instance, Malibu acquired Cobalt and Pursuit Boats in 2017 and 2018, respectively. Similarly, in 2017, acquisition of Nauticstar, LLC by Mastercraft.

Why is this report beneficial?

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

It also offers –

- Market Overview

- Key Manufacturers Profiles

- Market Analysis by Region

- Market Segment by Type

- Market Segment by Application

- Raw Material and Supply Chain

- Other Key Research Findings

All the data compiled by the market experts is the outcome of rigorous primary and secondary research conducted on the market players and reliable sources, including company white papers, journals, press releases, and more.

Key players active in the market –

The following are some of the key players in the Recreational Fiberglass Boat Market:

· Groupe Beneteau

· Brunswick Corporation

· White River Marine Group

· Bombardier Recreational Product Inc.

· Malibu Boats

· Marine Products Corporation

· Mastercraft

· Kawasaki

· Yamaha Motor Company Ltd.

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Customization of the report –

At Stratview Research, the market researchers make a note of opportunities, drawbacks/bottlenecks, estimations, and information related to the market using experienced skills and verified methodologies. Our research reports offer an exceptional experience of innovative solutions and outcomes to the users. If required, user can also opt for customization of the report.

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