Pune, Maharastra -- (SBWIRE) -- 04/12/2016 -- The boating industry is segmented in commercial boating and leisure boating. The commercial boating includes exports and imports of goods and commercial fishing while leisure boating is a luxurious industry constituting of water sports activities. Thus, at the time of recession, leisure boating industry is likely to be affected adversely. However post 2011, boating industry saw an upswing with an increase in sales of equipment and other accessories as sales of new boats increased.

Increasing GDP levels, increasing volumes of international tourism coupled with rise in disposable incomes, improving adult participation in recreational boating activities are few factors augmenting the growth of leisure boating industry worldwide. Decreasing fuel prices globally also promotes the growth of boating operators throughout the world. North America and Europe are the largest producers and consumers of the boating market. In North America, the US holds the largest share of the recreational boat market. Belgium, Croatia, Czech Republic and Germany are some of the major recreational boating markets in the European region. Despite the existence of various growth drivers, there are certain challenges faced by the industry, including environmental concerns, impacts of adverse weather conditions like floods etc.

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The research report, "Global Leisure Boat Market Report: 2016 Edition", provides comprehensive research and unbiased analysis of the current market performance and future outlook of the recreational boats in the various countries. It also reveals the principal trends of the industry, like innovation in boat building materials as well as and replacement of obsolete boats.

The leading players include Marine Products, Malibu Boats & Brunswick Corporation. In the competitive landscape section, the stock performance of various service providers along with brand share comparison in the regions like the US and Europe have been discussed. Companies' key financial status, strategies for growth and market shares are also reported in reference. The report serves as a must read for anyone willing to invest in this promising area and trying to evaluate opportunities.

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On similar lines, another research titled "The U.S. Ski Boat Market: Trends and Opportunities (2015-2019)" says growth drivers for the ski boat market are positive growth in economic conditions, increase in boating participation, increasing purchasing power of consumers, decrease in fuel prices and development of tourism industry. Despite the positive growth drivers, there are certain challenges which the market faces such as regulatory impact of the economies, environmental issues, rise in aging population in certain countries and climatic changes. Considering these market drivers and upcoming challenges for the market, this market is not all the year round industry as it is affected largely by climatic changes. This industry is at its peak in the summer season i.e. May and June which accounts for 70% of the annual sales.

This market also faces threat of entrants as the market is very fragmented, threat of substitute products, bargaining power of buyers & suppliers and competitive rivalry among the organizations operating in the market. The leading companies in the market are Brunswick Corporation, Malibu Boats Inc., Nautique, MasterCraft and Marine Products Corporation. These are the premium players in the market accounting for nearly 60% share of the total market. Read more at http://www.marketreportsonline.com/429708.html .

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