According to the recent research report titled ‘Europe Recreational Boating Market Size By Engine, By Product, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020-2026’, available with Market Study Report, Europe recreational boating market is expected to be valued at USD 18 billion by the year 2026.
 

Europe recreational boating market is primarily driven by surging demand for watersports and recreational activities along with presence of long shoreline and strong inland waterway sector in the region. The economies in the region have a total coastline of around 70,000 kilometers, and 27,000 kilometers of internal waterways.
 

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Further, growing focus towards integration of latest sensor and automation technologies across recreational boats to offer enhanced riding experience is enhancing the industry outlook.
 

Notably, increasing participation of individuals in watersports and recreational water activities can be attributed to ideal geographical elements, suitable terrains, and favorable weather conditions across the region.
 

Moreover, desire to visit offbeat tourist destinations has increased the popularity of recreational sailing on European waterways. According to the European Boating Sector, approximately 36 million people boated across the continent in 2018. Besides, expanding domestic and international tourist footfall is anticipated to accelerate Europe recreational boating industry expansion.
 

Based on product type, inflatables segment is poised to amass notable revenues in the coming years, attributable to increased frequency of rescue operations and short-distance excursions. These boats, including Inflatable kayaks are less expensive, easier to carry and maintain than their non-inflatable counterparts.
 

Escalating demand for inflatable kayaks, rubber watercraft, lifeboats, and rescue boats is expected to increase as younger generation actively participates in scuba diving expeditions, kayaking, and other leisure activities.
 

Geographically, Italy recreational boating industry is expected to record considerable growth over the study period, owing to increasing tourist visits year after year. According to World Bank stats, Italy observed more than 61.5 million tourists in 2018, up from 58.2 million in 2017. As pandemic-related limitations are eased, the number of tourists is increasing dramatically, particularly in Germany, Sweden, and Italy, thus contributing to the regional market growth.
 

Major contenders operating in Europe recreational boating marketplace are Marine Products Corporation, Maverick Boat Group Inc., Porter Inc., Pursuit Boats, Volvo Penta, Mercury Marine, Honda Motor Co. Ltd., Yamaha Motor Corporation, The Rossiter Boat Company, Monterey Boats, MasterCraft Boat Company LLC, Malibu Boats, and Groupe Beneteau among others.