Market Share of Recreational Boating Industry
The recreational boating market is fragmented and dominated by industry players such as American Sail Inc., Ferretti, Sunseeker, Beneteau, Brunswick, MacGregor, Azimut-Benetti, Hunter, Hobie Cat Corporation, Princess Cruise, Bavaria Yachtbau, and Catalina Yachts. The boat manufacturers are expanding their business to increase their revenue generation opportunities. For instance:
- In March 2022, Sportsman Manufacturing Inc. has announced to invest USD 8 million to expand their operations in Dorchester County, South Carolina, this will increase the manufacturing capacity of company in order to meet the growing demands.
Recreational Boating Market Leaders
Brunswick Corporation
Groupe Beneteau
Azimut Benetti Group
Bennington Marine LLC
Catalina Yachts
*Disclaimer: Major Players sorted in no particular order