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Deck Boat Market Size
Deck Boat Market size was valued at USD 2.8 billion in 2022 and is anticipated to register a CAGR of over 7.6% between 2023 and 2032. Appealing designs and aesthetics are the significant factors that are propelling the sales of market. Deck boats stand out for their adaptable design, merging the attributes of traditional runabouts and Deck boat boats. With a spacious deck layout and comfortable seating, they provide room for various activities such as cruising, fishing, and socializing. This adaptability caters to a broad range of boating preferences, making them an attractive choice for consumers seeking a single vessel capable of accommodating diverse on-water experiences.
Deck boats prioritize the comfort and convenience of passengers which is driving the growth of the market. Deck boats have well-designed layouts which offer generous seating, sun loungers, and amenities like built-in sinks, coolers, and entertainment systems. This focus on enhancing the onboard experience appeals to boaters seeking a leisurely and luxurious environment on the water. By providing a range of amenities that ensure both relaxation and entertainment, deck boats create an inviting atmosphere for individuals and families looking to enjoy extended periods on the water.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 2.8 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 7.6% |
| 2032 Value Projection: | USD 5.7 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 368 |
| Segments covered: | Number of decks, Engine Horsepower, Size, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Numerous deck boats are equipped with powerful engines to support water-based activities like towing water sports enthusiasts. However, these larger engines can lead to relatively lower fuel efficiency compared to smaller boats. As environmental awareness and fuel costs rise, potential buyers might be concerned about the ecological footprint and ongoing expenses associated with operating less fuel-efficient deck boats. This concern could influence their decision-making and lead them to consider more fuel-efficient alternatives.
COVID-19 Impact
The COVID-19 pandemic initially led to disruptions in the deck boat market. Sales were negatively affected as economic uncertainties and restrictions curtailed consumer spending. Manufacturing faced challenges due to supply chain disruptions and workforce limitations. However, as people sought outdoor Wakeboard options, there was a surge in boating interest, leading to a rebound in sales.
Deck Boat Market Trends
The electric deck boat is contributing to a lucrative growth for deck boat industry. Consumers are drawn to eco-friendly options that offer quieter, emission-free boating experiences. Electric deck boats fulfill this demand by offering sustainable and efficient propulsion, reducing operational costs and ecological impact. As sustainability becomes a priority, the appeal of electric deck boats is attracting environment conscious boaters, fostering a niche market, and potentially expanding the overall customer base.
Deck Boat Market Analysis
Based on size, the market is segmented into small, medium and large. The medium segment holds a majority of market share in 2022. The all-new deck boat launches have been influential in driving the popularity of the medium segment within the market. These launches often integrate advanced technological systems, enhancing maneuverability and efficiency. For instance, in August 2023, Hurricane deck boats, renowned for their adaptable deck boat concepts, have unveiled the introduction of a fresh hull for the 2023 model year: the SunDeck 2600. This outboard deck boat presents water enthusiasts with an expansive layout, ensuring a secure and steady surface, complemented by the potency and efficiency needed for an exciting aquatic experience.
Based on application, the wakeboard segment accounted for 41% of the deck boat market share in 2022. The popularity of wakeboarding as a water sport is a significant driver for the incorporation of wakeboard-specific features in the market. For instance, in November 2022, the tenth season of the Nautique Wake Series is announced by the World Wake Association (WWA) and Nautique Boat Company. This series, exclusively towed by the acclaimed Super Air Nautique G23, promises top-tier wakeboarding competition and an exciting lineup of events for 2023. This trend enhances the market appeal of deck boats, attracting consumers seeking vessels that offer both versatile on-water experiences and the equipment necessary for engaging in exhilarating wakeboarding adventures.
North America deck boat market generated USD 1.7 billion in revenue in 2022, due to the robust wakeboard boating culture in North America. With a deep-rooted appreciation for water-based activities, North American boaters seek vessels that can provide a versatile and enjoyable on-water experience. Deck boats align perfectly with this cultural preference, offering spacious layouts, comfortable seating, and the ability to engage in various Wakeboard pursuits. This cultural correspondence towards boating as a leisure activity creates a strong demand for deck boats in North America.
Deck Boat Market Share
Major players operating in the deck boat industry are:
- Polaris
- Marine Products Corporation
- Brunswick Corporation
- Malibu Boats Inc.
- Yamaha Motors
- Crownline Boats
- TAHOE Boats
- Sea Ray
- Southwind Boats
- Glastron
Deck Boat Industry News:
- In October 2022, Heyday Wake Boats has unveiled the latest addition to its Heyday H-Series lineup: the 2023 H20 model. Designed to cater to wake sports enthusiasts, this innovative boat introduces industry-first features within an intuitive design.
The deck boat market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and volume (Units) from 2018 to 2032, for the following segments:
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Market, By Number of Decks
- One
- Two
- Others
Market, By Engine Horsepower
- <100 HP
- 100 HP to 200 HP
- 200 HP to 300 HP
- 300 HP to 400 HP
- >400 HP
Market, By Size
- Small (below 20 ft)
- Medium (20 ft to 24 ft)
- Large (above 24 ft)
Market, By Application
- Wakeboard
- Fishing
- Wake surf
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Norway
- Finland
- Sweden
- Asia Pacific
- China
- India
- Australia
- Japan
- South Korea
- Thailand
- Singapore
- Malaysia
- Philippines
- Vietnam
- Indonesia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- UAE
- South Africa
- Qatar
- Bahrain
- Oman
- Egypt
Frequently Asked Questions (FAQ) :