Small Boats Industry Forecast: Market Trends and Analysis (2025-2034)

The global small boats market is expected to grow at a CAGR of 10.80% from 2025 to 2034, reaching a value of over USD 87.09 billion by 2034. The market is driven by the growth of the marine infrastructure in Europe, public authorities promoting recreational boating, and increased spending on small boats for defense and maritime surveillance operations in North America. Key players include Beneteau, Marine Products Corp., Brunswick Corp., Yamaha Motor Co., and MasterCraft Boat Co.

The global small boats market is poised for robust growth, with a projected Compound Annual Growth Rate (CAGR) of 10.80% from 2025 to 2034, reaching a value of over USD 87.09 billion by 2034 [1]. This growth is driven by several key factors, including the expansion of marine infrastructure in Europe, increased recreational boating activities, and rising defense spending in North America.

Europe is expected to be a leading region for small boat market growth, primarily due to the proliferation of recreational fishing and the travel and tourism industry. The supportive government policies and public projects promoting recreational boating further boost the market. In North America, particularly the United States and Canada, the market is driven by increased government spending on small boats for defense and maritime surveillance operations [1].

The market is segmented by product type, including powered boats, sailboats, personal watercraft, and others, as well as by significant applications such as pleasure fishing, defense, and others. The materials used in small boats range from fibreglass to metal, wood, and inflatable materials. The regional markets are further divided into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa [1].

Key industry players include Beneteau S.A., Marine Products Corporation, Brunswick Corporation, Yamaha Motor Co., Ltd., MasterCraft Boat Company, Inc., Sunseeker International, Malibu Inc., Ferretti S.p.A., Crestliner Inc., and Bavaria Yachtbau GmbH. These companies are continuously innovating and expanding their capacities to meet the growing demand for small boats [1].

The market's growth is also influenced by the advancement of autonomous maritime technology, which is expected to further boost demand. Additionally, the increase in online boat sales has made small boats more affordable, contributing to the market's expansion [1].

In conclusion, the global small boats market is expected to experience significant growth over the next decade, driven by various factors including market segmentation, regional trends, and key player activities. This growth presents opportunities for investors and financial professionals to explore the market's potential.

References:
[1] https://finance.yahoo.com/news/small-boats-industry-forecast-trends-090800613.html
[2] https://www.marketwatch.com/story/norway-first-co-2-storage-in-northern-lights-751f86cd