What is the forecast for the recreational boat market in North America?

North America is expected to witness significant growth during the forecast period. The recreational boat market in North America is expected to be the largest and fastest-growing across the world due to high demand for leisure boating and water-sports in the region.

What are the most promising boating industry trends in 2023?

In fact, one of the most promising boating industry trends in 2023 is the rise of the used boat market. This is mostly dictated by myriad factors such as boat owners who rode the pandemic bandwagon and bought boats but are looking to sell them now with the roads slowly reopening.

What are the new boat price trends?

Some key new boat price trends: New boat prices increased 10% on average in 2022 and are forecast to rise another 2-5% in 2023. Popular brands and models may have waitlists extending into 2024, sustaining high prices. As supply chain issues ease, price growth may moderate but overall remain elevated over pre-pandemic levels.

What is the estimated value of the used motorised boats market?

The market is further expected to grow at a CAGR of 5.1% in the forecast period of 2023-2028 to attain a value of over USD 52.80 billion by 2027. Based on type, the used motorised boats segment is predicted to hold a significant market share in the leisure boat industry.