Leisure Boat Market to Touch Valuation of US$ 55.29 Bn by 2028

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The global Leisure Boat market size is expected to be worth around US$ 55.29 billion by 2028, according to a new report by Vision Research Reports.

The global Leisure Boat market size was valued at US$ 39.79 billion in 2020 and is anticipated to grow at a CAGR of 4.4% during forecast period 2021 to 2028.

Growth Factors

The increasing popularity of marine and coastal tourism, coupled with the growing inclination toward yachting as a recreational activity, is a primary factor driving the market. Although the ongoing Covid-19 pandemic has proved to be a major hindrance for the market, the gradual re-opening of the economies and upliftment of restrictions are paving the way to bring the market back on track. Besides, the growing urge among masses to involve in leisure activities in the post-lockdown period further presents bright opportunities for the market over the forecast period.

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The tourism industry has changed drastically over the last few years with the increasing popularity of marine and coastal tourism activities. The world economy is witnessing healthy growth and markets, such as the U.S., are witnessing growth in the per-capita income of the individuals, which, in turn, has resulted in a rise in the disposable income of consumers. Moreover, there has been a rise in the number of High Net Worth Individuals (HNWIs), which is expected to drive consumers to spend more on leisure activities, thus boosting demand for recreational boats.

Key Players

  • Avon Marine
  • Azimut Benetti Group
  • Baja Marine
  • Bavaria Yachtbau GmbH
  • Bombardier Recreational Products (BRP) Inc.
  • Brunswick Corporation
  • Chaparral Boats, Inc.
  • Farr Yacht Design, Ltd.
  • Ferretti S.P.A.
  • Fountain Powerboats, Inc.

Market Segmentation

  • Type Outlook 
    • New Leisure Boat
      • Motorized/Power Boats
        • Personal Watercraft
        • Outboard Boats
        • Yacht
          • Yacht Type
            • Super Yacht
            • Flybridge Yacht
            • Sport Yacht
            • Long Range Yacht
            • Others
          • Yacht Length
            • Up to 20 ft.
            • 20-50 ft
            • Above 50 ft.
        • Others
      • Non-motorized Boats
        • Kayaks
        • Canoes
        • Others
    • Used Leisure Boat
      • Motorized/Power Boats
        • Personal Watercraft
        • Outboard Boats
        • Yacht
          • Yacht Type
            • Super Yacht
            • Flybridge Yacht
            • Sport Yacht
            • Long Range Yacht
            • Others
          • Yacht Length
            • Up to 20 ft.
            • 20-50 ft
            • Above 50 ft.
        • Others
      • Non-motorized Boats
        • Kayaks
        • Canoes
        • Others
    • Monitoring Equipment
      • Boat and Yacht Monitoring Solutions
      • IoT Sensors
        • Water Detection Sensors
        • Voltage Meters
        • Temperature and Motion Sensors
        • Others
      • Telematics Solutions
      • Others

     

  • Regional Outlook
    • North America
      • U.S.
      • Mexico
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Sweden
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • Singapore
      • South Korea
    • South America
      • Brazil
    • Middle East and Africa (MEA)

In this study, the years considered to estimate the market size of Leisure Boat are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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