-->

Recreational Fiberglass Boat Market

Recreational Fiberglass Boat Market

Recreational Fiberglass Boat Market
Report code - SRCG113 Published On : Apr,2019 No. of Pages: 210

Recreational Fiberglass Boat Market 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), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024

Recreational Fiberglass Boat Market by Boat Type (Outboard See more...

This strategic assessment report on the Recreation Fiberglass Boat Market is based on the rigorous study of more than 50 boat manufacturers located worldwide. The report identifies the current as well as estimates the future penetration of fiberglass boats in various recreational boat types in order to understand the current and future potential of recreational fiberglass boat in the boating industry. The report provides a complete market assessment for the trend period of 2013 to 2018 and the forecast period of 2019 to 2024. It also provides a panoramic view of competitive landscapes. The report is constructed with the purpose to list down all the crucial market insights for the market participants for making the effective decision making.

Recreational Fiberglass Boat Market: Highlights

Boating is one of the most dynamic industries in the world and is highly exposed to external economic factors, such as disposable income. Recreational boats are the most popular ones among all types of boats, whose hull is preferably manufactured using two distinct materials: fiberglass and aluminum. Fiberglass boats currently dominate the overall recreational boat market and are even subjected to grow at a higher rate in the foreseen future, driven by the advantages of fiberglass boats over aluminum boats including corrosion resistance, lightweight, and long life. 

The USA and Canada have been the pioneer markets for recreational boats for many decades. In 2018, roughly 49 million people were fishing participants in the USA, accounting for approximately 16.5% of the total population of the country. Fishing is the most popular boating activity and 2nd most popular outdoor activity in the USA.

The last five years were quite promising with almost recovery of recreational boat sales after the steep decline in 2009 due to economic turmoil; however, the sales of recreational boats in the USA yet not reached its peak sales (279,800 boats in 2008 in the USA) but it is anticipated that the year 2019 would be iconic for the industry as the sales of recreational boats in the USA is likely to cross its peak sales of 2008. 

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 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.

The global recreational fiberglass boat market is segmented based on boat type as outboard boats, inboard/sterndrive boats, PWC, and others. In terms of units, the outboard boat segment is likely to remain the most dominant segment over the next five years, whereas, in terms of value, the inboard/sterndrive boat segment is likely to remain the dominant segment in the market over the same period. PWC is likely to be the fastest-growing segment during the forecast period, driven by the USA and Canada.

Based on the application type, the recreational fiberglass boat market is segmented as fishing, watersports, sailing, and others. The fishing boat segment is likely is expected to remain the largest segment of the global recreational fiberglass boat market. Outboard boats are preferably used for fishing use. The watersports segment is likely to be the fastest-growing application type in the market over the next five years, much of this growth is attributed by the excellent PWC’s growth.

Based on the power type, the recreational fiberglass boat market is segmented as engine-powered boats and sail-propelled boats. The engine-powered boat is expected to remain the larger as well as the faster-growing segment of the global recreational fiberglass boat market over the next five years. All the major boat types, such as outboard, inboard/sterndrive, and PWC, are powered by the engine only. Sail-propelled boat type is also likely to witness healthy growth in years to come.

Based on the regions, North America is expected to remain the largest recreational fiberglass boat market during the forecast period with the USA being the growth engine. The USA is not only the largest market in North America but also the largest market in the world. All the major boat manufacturers have their presence in the region to tap the market potential. High outboard activity, especially fishing, is the major driver for the demand for recreational fiberglass boats in the country.  Canada is a relatively small market but is likely to witness healthy growth in years to come.

Europe also holds a considerable share in the market with France, Germany, Spain, and Sweden being the key demand generators in the region. It is estimated that these above-mentioned economies will continue to drive the region’s demand for recreational fiberglass boats in the coming five years.

Asia-Pacific currently holds a diminutive share of the global recreational fiberglass boat market but is subjected to grow at the highest rate in the coming five years, propelled by China, Japan, and New Zealand. Out of these economies, China is likely to witness the highest growth over the next five years.

The supply chain of this market comprises raw material suppliers, component suppliers, recreational fiberglass boat manufacturers, distributors, and end users. Some of the key recreational fiberglass boat manufacturers are Groupe Beneteau, Brunswick Corporation, White River Marine Group, Bombardier Recreational Product Inc., Malibu Boats, Marine Products Corporation, Mastercraft, Kawasaki, and Yamaha Motor Company Ltd. Development of high-performance and valuable recreational fiberglass boat, setting up or expansion of distribution network in unpenetrated markets, regional expansion, and execution of mergers & acquisitions are the key strategies adopted by the key players to gain a competitive edge in the market.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. About 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging Trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

The global recreational fiberglass boat market is segmented into the following categories. 

Recreational Fiberglass Boat Market, By Boat Type

  • Outboard Boat (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Inboard/Sterndrive Boat (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • PWC (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Recreational Fiberglass Boat Market, By Application Type

  • Fishing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Watersports (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Sailing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Recreational Fiberglass Boat Market, By Power Type

  • Engine-Powered Boats (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • Sail-Propelled Boats (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Recreational Fiberglass Boat Market, By Region

  • North America (Country Analysis: The USA, Canada, and Mexico)
  • Europe (Country Analysis: France, Germany, Spain, Sweden, and RoE)
  • Asia-Pacific (Country Analysis: Japan, New Zealand, China, and Rest of Asia-Pacific)
  • Rest of the World (Sub-Region Analysis: Latin America, The Middle East, and Others)

 

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to three players)
  • SWOT analysis of key players (up to three players)

Market Segmentation

  • Current market size (2018) of any of the boat types by application type

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances 

Custom Research: Stratview research offers custom research services across the sectors. In the case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


List of Figures

List of Tables

Disclaimer

Copyright

Abbreviation

Currency Exchange

About Us

Report Scope

Report Objectives 

Research Methodology

Secondary Research

Key Information Gathered from Secondary Research

Primary Research

Key Information Gathered from Primary Research

Breakdown of Primary Interviews by Region, Designation, and Value Chain Node

Data Analysis and Triangulation

1.      Executive Summary  

2.      Recreational Fiberglass Boat market - Overview and Market Forces

2.1.                Introduction

2.2.                Market Classification

2.2.1.                         By Boat Type 

2.2.2.                         By Application Type

2.2.3.                         By Power Type

2.2.4.                         By Region

2.3.                Market Drivers

2.4.                Market Constraints

2.5.                Supply Chain Analysis

2.6.                Industry Life Cycle Analysis

2.7.                PEST Analysis: Impact Assessment of Changing Business Environment

2.8.                Porter’s Five Forces Analysis

2.8.1.                         Bargaining Power of Suppliers

2.8.2.                         Bargaining Power of Customers

2.8.3.                         Threat of New Entrants

2.8.4.                         Threat of Substitutes

2.8.5.                         Competitive Rivalry

2.9.                SWOT Analysis

3.      Recreational Fiberglass Boat Market Analysis – By Boat Type

3.1.                Strategic Insights

3.2.                Outboard Fiberglass Boat Market T&F (US$ Million and Thousand Units)

3.2.1.                         Regional T&F (US$ Million and Thousand Units)

3.3.                Inboard/Sterndrive Fiberglass Boat Market T&F (US$ Million and Thousand Units)

3.3.1.                         Regional T&F (US$ Million and Thousand Units)

3.4.                PWC Market T&F (US$ Million and Thousand Units)

3.4.1.                              Regional T&F (US$ Million and Thousand Units)

3.5.                Other Fiberglass Boats Market T&F (US$ Million and Thousand Units)

3.5.1.                              Regional T&F (US$ Million and Thousand Units)

4.      Recreational Fiberglass Boat Market Analysis – By Application Type

4.1.                Strategic Insights

4.2.                Fishing: Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

4.2.1.                         Regional T&F (US$ Million and Thousand Units)

4.3.                Watersports: Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

4.3.1.                         Regional T&F (US$ Million and Thousand Units)

4.4.                Sailing: Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

4.4.1.                         Regional T&F (US$ Million and Thousand Units)

4.5.                Others: Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

4.5.1.                         Regional T&F (US$ Million and Thousand Units)

5.      Recreational Fiberglass Boat Market Analysis – By Power Type

5.1.                Strategic Insights 

5.2.                Engine-Powered Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

5.2.1.                         Regional T&F (US$ Million and Thousand Units)

5.3.                Sail-Propelled Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

5.3.1.                         Regional T&F (US$ Million and Thousand Units)

6.      Recreational Fiberglass Boat Market Analysis – By Region

6.1.                Strategic Insights 

6.2.                North American Recreational Fiberglass Boat Market Analysis

6.2.1.                         North American Recreational Fiberglass Boat Market T&F, by Country (US$ Million and Thousand Units)

6.2.1.1.                                   The USA: Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

6.2.1.2.                                   Canada: Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

6.2.2.                         North American Recreational Fiberglass Boat Market T&F, by Boat Type (US$ Million and Thousand Units)

6.2.3.                         North American Recreational Fiberglass Boat Market T&F, by Application Type (US$ Million and Thousand Units)

6.2.4.                         North American Recreational Fiberglass Boat Market T&F, by Power Type (US$ Million and Thousand Units)

6.3.                European Recreational Fiberglass Boat Market Analysis

6.3.1.                         European Recreational Fiberglass Boat Market T&F, by Country (US$ Million and Thousand Units)

6.3.1.1.                                   France: Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

6.3.1.2.                                   Germany: Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

6.3.1.3.                                   Spain: Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

6.3.1.4.                                   Sweden: Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

6.3.1.5.                                   Rest of Europe: Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

6.3.2.                         European Recreational Fiberglass Boat Market T&F, by Boat Type (US$ Million and Thousand Units)

6.3.3.                         European Recreational Fiberglass Boat Market T&F, by Application Type (US$ Million and Thousand Units)

6.3.4.                         European Recreational Fiberglass Boat Market T&F, by Power Type (US$ Million and Thousand Units)

6.4.                Asia-Pacific’s Recreational Fiberglass Boat Market Analysis

6.4.1.                         Asia-Pacific’s Recreational Fiberglass Boat Market T&F, by Country (US$ Million and Thousand Units)

6.4.1.1.                                   Japan: Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

6.4.1.2.                                   New Zealand: Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

6.4.1.3.                                   China: Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

6.4.1.4.                                   Rest of Asia-Pacific: Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

6.4.2.                         Asia-Pacific’s Recreational Fiberglass Boat Market T&F, by Boat Type (US$ Million and Thousand Units)

6.4.3.                         Asia-Pacific’s Recreational Fiberglass Boat Market T&F, by Application Type (US$ Million and Thousand Units)

6.4.4.                         Asia-Pacific’s Recreational Fiberglass Boat Market T&F, by Power Type (US$ Million and Thousand Units)

6.5.                Rest of the World’s (RoW) Recreational Fiberglass Boat Market Analysis

6.5.1.                         RoW’s Recreational Fiberglass Boat Market T&F, by Country (US$ Million and Thousand Units)

6.5.1.1.                                   Latin America: Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

6.5.1.2.                                   The Middle Eastern: Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

6.5.1.3.                                   Others: Recreational Fiberglass Boat Market T&F (US$ Million and Thousand Units)

6.5.2.                         RoW’s Recreational Fiberglass Boat Market T&F, by Boat Type (US$ Million and Thousand Units)

6.5.3.                         RoW’s Recreational Fiberglass Boat Market T&F, by Application Type (US$ Million and Thousand Units)

6.5.4.                         RoW’s Recreational Fiberglass Boat Market T&F, by Power Type (US$ Million and Thousand Units)

7.      Competitive Analysis

7.1.                Strategic Insights

7.2.                Product Portfolio Analysis

7.3.                Geographical Presence

7.4.                New Product Launches

7.5.                Strategic Alliances: Mergers and Acquisitions, Joint Ventures, Collaborations, etc.

7.6.                Market Share Analysis

8.      Strategic Growth Opportunities

8.1.                Strategic Insights

8.2.                Market Attractive Analysis

8.2.1.                         Market Attractiveness by Boat Type

8.2.2.                         Market Attractiveness by Application Type

8.2.3.                         Market Attractiveness by Power Type

8.2.4.                         Market Attractiveness by Region

8.2.5.                         Market Attractiveness by Country

8.3.                Growth Matrix Analysis

8.4.                Emerging Trends

8.5.                Key Success Factors

9.      Company Profile of Key Players

9.1.                BRP Inc.

9.2.                Brunswick Corporation

9.3.                Correct Craft Inc.

9.4.                Ferretti Group

9.5.                Groupe Beneteau

9.6.                Malibu Boats Inc.

9.7.                Marine Products Corporation

9.8.                Monterey Boats

9.9.                Regal Marine Industries Inc.

9.10.            White River Marine Group

9.11.            Yamaha Motor Company Ltd.



By clicking Submit button you accept our terms and conditions


Purchase Report

  •