Press release recreational boating market statistics 2020 2026. Fishing is one of the most popular outdoor recreational activities in the united states.
The global fishing rods market size was valued at usd 909 4 million in 2018.
Recreational fishing market. Key health and well being benefits of recreational fishing ranked in the order of importance global market outlook developed countries are traditional revenue contributors while developing. However preference for pre used and rental variants of sports fishing equipment might. Sep 07 2020 the expresswire 2020 recreational fishing vessel market a recreational fishing vessel is a.
The marketwatch news department was not involved in the creation of this content. Recreational boating market size share trends analysis report by product outboard inboard sterndrive personal watercraft pwc superyachts and others power engine powered man powered and sail propelled activity cruising watersports and fishing and geography. Recreational fishing in australia is an important leisure activity that contributes economic and social benefits to the australian community and is part of life for australian of all ages and from all socio economic backgrounds.
In 2017 more than 49 million americans participated in freshwater saltwater and fly fishing. The increasing popularity of recreational fishing has been instrumental in driving the growth of the market. Recreational boating market size will reach 32 billion in 2020 growing at a cagr of 11 during the forecast period.
Share forecasts trends growth drivers published. June 16 2020 at 1 35 a m. Rising adoption of fishing as a recreational activity among the people of various age groups in countries including u k japan and australia is expected to promote the market growth.
Recreational boats market by boat type outboard boats inboard boats stern type sail boats yachts personal watercraft inflatable power source activity type watersports cruising fishing distribution channel and region global forecast to 2027.