Latest News- Deck-Boats Market: Single decked boat is expected to lead the Product segment during 2025-2029

The Deck-Boats Market is being driven by Rising household income

The Deck-Boats Market is expected to grow at a CAGR of 5.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 891.5 million. The global deck-boats market is witnessing a significant shift towards marine electrification, as evidenced by strategic collaborations aimed at advancing this technology. In May 2023, Mercury Marine, a division of Brunswick Corporation, announced a partnership with JJE to expand its Avator electric product line. This collaboration focuses on developing higher power electric propulsion systems, aligning with the industry trend towards eco-friendly boating solutions. Consumers and regulatory bodies are increasingly demanding reduced emissions, making electrification a priority area for development. This strategic alliance enhances Mercury Marine's portfolio with advanced electric systems specifically designed for marine applications, further solidifying its commitment to marine electrification. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Single decked boat
  • Double decked boat
• Application
  • Wakeboard
  • Fishing
  • Wakesurf
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • APAC
    • China
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising household income
• Growth in marine tourism
• Increasing investments in boating infrastructure

However, the market also witnesses some limitations, which are as follows:

• Increase in boat accidents
• Fluctuations in raw material prices.
• Environmental regulations

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Market Scope in Deck-Boats Market Research Report

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Research Analysis Overview

Deck boats offer a unique blend of speed, deck space, and versatility, making them a popular choice for boating enthusiasts seeking recreational fishing, water sports, and entertainment. With a V-shaped hull, these boats ensure a stable journey, ideal for outdoor activities like sports fishing. Deck boats come in various sizes, featuring ample storage, comfortable seating, and social spaces. Their open deck layout, low gunwale, and wide beam provide generous seating capacity, including sun loungers and bow seating areas. Well-designed layouts include built-in sinks, coolers, and entertainment systems, enhancing your boating experience. Available with outboard or stern drives, deck boats are the versatile watercraft for all your recreational activities.

Market Research Overview

The deck boat segment falls under the broader category of leisure products in the global household durables market. This market encompasses various sectors, such as sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers of household durables, including consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. The expansion of the global leisure products market will be fueled by several factors, including the rise in recreational fishing and water sports participation, increasing demand for outdoor activities, and growing popularity of v-shaped hull boats for entertainment and sports fishing. The stable journey offered by deck boats, coupled with their outboard drive, further enhances their appeal to consumers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/