Small Boats Global Market Report 2024

Description

A small boat is a watercraft designed for use in inland or coastal waters, typically small enough to be carried or towed by a vehicle. Small boats, commonly under 26 feet (8 meters) in length, serve various purposes, including recreation, fishing, duck hunting, sports, and business.

The primary types of small boats include powered boats, sailboats, personal watercraft, and others. A powered boat, also known as a motorboat or powerboat, is propelled by an engine or motor, typically gasoline or diesel, used for recreational activities such as fishing, water sports, and cruising. Materials used in these boats include fiberglass, metal, wood, inflatable, among others, catering to various applications such as pleasure, fishing, defense, and more.

The small boats market research report is one of a series of new reports from The Business Research Company that provides small boats market statistics, including small boats industry global market size, regional shares, competitors with a small boats market share, detailed small boats market segments, market trends and opportunities, and any further data you may need to thrive in the small boats industry. The small boats market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The small boats market size has grown rapidly in recent years. It will grow from $35.16 billion in 2023 to $39.55 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The expansion during the historical period can be attributed to economic stability and disposable income, trends in tourism and leisure, the regulatory environment, boating infrastructure, and overall economic stability.

The small boats market size is expected to see rapid growth in the next few years. It will grow to $63.36 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The anticipated growth in the forecast period can be attributed to rising urbanization and population growth, increasing environmental awareness, the growth of recreational boating culture, adherence to safety regulations, and the adoption of sustainable practices. Key trends expected in the forecast period involve digital transformation and connectivity, technological advancements in the boating industry, adherence to government regulations and safety standards, the rise of online sales and direct-to-consumer models, and the increasing adoption of electric propulsion systems.

The small boat market is expected to experience growth due to the rapid expansion of fishing activities. Fishing activities involve catching fish or aquatic animals for various purposes, and small boats are ideal for such operations in shallow waters. The Marine Management Organization reported a 5% increase in the quantity and an 11% increase in the value of sea fish landed in the UK in 2021 compared to 2020. The significant growth in fishing activities contributes to the expansion of the small boat market.

The small boat market is anticipated to experience growth driven by the increasing outdoor recreational activities. Outdoor recreational activities, taking place in natural environments, utilize small boats to enhance individuals' overall well-being. According to the Bureau of Economic Analysis in November 2023, boating or fishing, with a value of $32.4 billion, was the second-largest conventional outdoor recreational activity nationwide. The increasing popularity of outdoor recreational activities, particularly boating and fishing, contributes to the growth of the small boat market.

Technological advancements are gaining prominence in the small boat market, with companies adopting new technologies such as the Internet of Things (IoT). Radian IoT Inc., a US-based big data company, launched the Radian M2 device and SaaS platform with IoT technology for remote boat monitoring in August 2022. This technology allows boat owners to remotely monitor vessels and make informed decisions about navigation, maintenance, and overall boat operation.

Major companies in the small boat market are developing innovative products with advanced technologies, such as electric propulsion systems, to provide reliable services to customers. In April 2023, Munich-based startup Kaebon launched the EB Eins, an electric boat designed to be the world's lightest, weighing only 89 kilograms. Constructed from ultra-light carbon composite materials, the boat offers portability and efficiency, catering to boating enthusiasts.

In January 2021, Malibu Boats, a US-based boat company, acquired Maverick for $150 million. This acquisition expands Malibu's product offerings and provides a significant opportunity to increase its presence in the fishing and outboard boat markets. Maverick Boat Group, a US-based manufacturer of center console fishing boats, is now part of Malibu Boats.

Major companies operating in the small boats market report are AB Volvo Penta, Polaris Industries Inc., Bombardier Recreational Products Inc., Brunswick Corporation, Beneteau Group SA, Malibu Boats Inc., Ferretti Group S.p.A., Sea Ray Boats Inc., MasterCraft Boat Company LLC, Azimut Benetti S.p.A., Marine Products Corporation, Boston Whaler Inc., Sunseeker International Holdings Limited, S2 Yachts Inc., Porter Inc., Formula Boats Inc., Pursuit Boats LLC, Grady-White Boats Inc., Cobalt Boats LLC, Everglades Boats LLC, Seabring Marine Industries Inc., Sea Fox Boat Company, Four Winns Boats LLC, Stingray Boats Inc., Bavaria Yachtbau GmbH, Correct Craft Inc., Crestliner Marine Holdings Inc., Wellcraft Marine Inc., Carver Yachts LLC

Asia-Pacific was the largest region in the small boats market in 2023. The regions covered in the small boats market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the small boats market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The small boat market consists of sales of jon boats, skiffs, dinghies, inflatable boats, aluminum fishing boats, pontoon boats, car-toppers, canoes, kayaks, and jet boats. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Small Boats Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on small boats market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Where is the largest and fastest growing market for small boats ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The small boats market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Product Type: Powered Boat; Sail Boat; Personal Watercraft; Other Products
2) By Material: Fiberglass; Metal; Wood; Inflatable; Other Materials
3) By Application: Pleasure; Fishing; Defense; Other Applications
Companies Mentioned: AB Volvo Penta; Polaris Industries Inc; Bombardier Recreational Products Inc; Brunswick Corporation; Beneteau Group SA
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r16015

1. Executive Summary

2. Small Boats Market Characteristics

3. Small Boats Market Trends And Strategies

4. Small Boats Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Small Boats Market Size and Growth

5.1. Global Small Boats Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Small Boats Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Small Boats Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Small Boats Market Segmentation

6.1. Global Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Powered Boat
Sail Boat
Personal Watercraft
Other Products
6.2. Global Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fiberglass
Metal
Wood
Inflatable
Other Materials
6.3. Global Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Pleasure
Fishing
Defense
Other Applications

7. Small Boats Market Regional And Country Analysis

7.1. Global Small Boats Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Small Boats Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Small Boats Market

8.1. Asia-Pacific Small Boats Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Small Boats Market

9.1. China Small Boats Market Overview
9.2. China Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Small Boats Market

10.1. India Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Small Boats Market

11.1. Japan Small Boats Market Overview
11.2. Japan Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Small Boats Market

12.1. Australia Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Small Boats Market

13.1. Indonesia Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Small Boats Market

14.1. South Korea Small Boats Market Overview
14.2. South Korea Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Small Boats Market

15.1. Western Europe Small Boats Market Overview
15.2. Western Europe Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Small Boats Market

16.1. UK Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Small Boats Market

17.1. Germany Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Small Boats Market

18.1. France Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Small Boats Market

19.1. Italy Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Small Boats Market

20.1. Spain Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Small Boats Market

21.1. Eastern Europe Small Boats Market Overview
21.2. Eastern Europe Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Small Boats Market

22.1. Russia Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Small Boats Market

23.1. North America Small Boats Market Overview
23.2. North America Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Small Boats Market

24.1. USA Small Boats Market Overview
24.2. USA Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Small Boats Market

25.1. Canada Small Boats Market Overview
25.2. Canada Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Small Boats Market

26.1. South America Small Boats Market Overview
26.2. South America Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Small Boats Market

27.1. Brazil Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Small Boats Market

28.1. Middle East Small Boats Market Overview
28.2. Middle East Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Small Boats Market

29.1. Africa Small Boats Market Overview
29.2. Africa Small Boats Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Small Boats Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Small Boats Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Small Boats Market Competitive Landscape And Company Profiles

30.1. Small Boats Market Competitive Landscape
30.2. Small Boats Market Company Profiles
- 30.2.1. AB Volvo Penta
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Polaris Industries Inc
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Bombardier Recreational Products Inc
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Brunswick Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Beneteau Group SA
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Small Boats Market Other Major And Innovative Companies

31.1. Malibu Boats Inc.
31.2. Ferretti Group S.p.A.
31.3. Sea Ray Boats Inc.
31.4. MasterCraft Boat Company LLC
31.5. Azimut Benetti S.p.A.
31.6. Marine Products Corporation
31.7. Boston Whaler Inc.
31.8. Sunseeker International Holdings Limited
31.9. S2 Yachts Inc.
31.10. Porter Inc.
31.11. Formula Boats Inc.
31.12. Pursuit Boats LLC
31.13. Grady-White Boats Inc.
31.14. Cobalt Boats LLC
31.15. Everglades Boats LLC

32. Global Small Boats Market Competitive Benchmarking

33. Global Small Boats Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Small Boats Market

35. Small Boats Market Future Outlook and Potential Analysis

35.1 Small Boats Market In 2028 - Countries Offering Most New Opportunities
35.2 Small Boats Market In 2028 - Segments Offering Most New Opportunities
35.3 Small Boats Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer