Nova Scotia, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Introspective Market Research is excited to unveil its latest report, " Recreational Boat Market ." This in-depth analysis shows that the global Recreational Boat Market, valued at USD 28.
89 Billion in 2023, is poised for substantial growth and is expected to hit USD 36.05 Billion by 2032. This growth trajectory aligns with a strong CAGR of 2.
49% during the forecast period from 2024 to 2032. A recreational boat is a watercraft primarily designed and used for leisure and personal enjoyment rather than commercial or industrial purposes. These boats cater to activities like cruising, fishing, water sports, or simply exploring bodies of water such as lakes, rivers, and oceans.
They come in various sizes and types, ranging from small paddleboats and kayaks to larger motorboats, sailboats, and yachts. Recreational boats are equipped with features tailored to specific activities. For instance, fishing boats often include rod holders and live wells, while speedboats are designed for water skiing or wakeboarding.
Sailing boats rely on wind propulsion, offering a quiet and eco-friendly way to navigate, whereas motorboats provide speed and convenience through engine power. Brunswick Corporation, the global leader in recreational marine technology announced a new partnership with Apex.AI, a leader in embedded software technology and middleware solutions.
The collaboration will integrate the company’s Apex. Grace and Apex. Ida safety-certif.
