The recreational boating market is growing with people’s increasing interest and participation, both as an exciting outdoor activity and its fitness-related benefits. The industry is a top contender in luxury leisure activities. There are about 140 million boaters worldwide, with 100 million across the United States and Canada. The market was valued at $27.32 billion in 2021.
According to a study, the global leisure boat market is expected to increase at a CAGR of 8.5% until 2025, with 59% of growth to be attributed to North America due to increasing engagement of consumers.
