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The recreational boats market size is estimated to increase by USD 6.28 billion, at a CAGR of 5.97% between 2023 and 2028. Several factors contribute to the growth of the market, including heightened customer engagement in recreational boating activities, government initiatives aimed at developing the boating and yachting ecosystem, and rising demand for outboard engine-operated powerboats and leisure boats. However, the market faces challenges such as the high total cost of ownership for recreational boats, stringent regulations concerning pollution control, and a decrease in boat registrations attributed to a rise in accidents. Despite these obstacles, the market's trajectory remains promising due to increasing participation in recreational boating and ongoing efforts to bolster the boating industry as well as river cruises through government support and innovation. By addressing challenges and capitalizing on growth opportunities, the market is poised for expansion, catering to the evolving needs and preferences of boating enthusiasts worldwide.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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