The recreational craft sector refers to boats with a hull length of 2.5m to 24m that are intended for leisure or sport use. It includes the internal market legislation these products must comply with, so they can be sold freely on the EU/EEA market.
Recreational craft are high-value and very mobile products, intended mainly for end users. They have a long life-cycle, which means they are on the market for a long time. The market is predominantly based on builder-to-consumer and consumer-to-consumer relations.
The Recreational Craft industry is important because of its impact on the environment and its economic significance for the EU:
The recreational craft sector faces a number of challenges:
The sector is regulated at EU level to ensure its sustainable development from an economic, social and environmental perspective:
Overall, European legislation has had a positive effect on market conditions in this sector, which has benefited revenue, trade, and jobs. Read more>