According to IMARC Group’s latest report, titled “Leisure Boat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global leisure boat market size reached US$ 41.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 52.4 Billion by 2027, exhibiting a growth rate (CAGR) of 4% during 2022-2027. 

A leisure boat is a marine vessel used for various tourism and recreational activities. Motorized, non-motorized, runabouts, cabin cruisers, jets, pedals, sailboats and watercraft boats are some commonly available variants. They are small to mid-sized vessels and can be operated through sails and motors. Leisure boats are usually manufactured using fiberglass, aluminum, plastic, wood and various coated fabric materials. Leisure boats are widely used for activities, such as sailing, camping, snorkeling, fishing and boating. They are also equipped with telematics solutions, joystick controls, monitors and digital dashboards for enhanced control.

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Leisure Boat Market Trends:

The global leisure boat market is primarily being driven by the increasing consumer preference for water-based adventure sports and recreational activities. Moreover, various technological advancements, such as the integration of boating systems with artificial intelligence (AI), Internet of Things (IoT) and machine learning (ML) solutions, are providing a thrust to the market growth. These technologies aid in tracking, improving safety and security and preventing potential failures with the boat. Other factors, including the rising expenditure capacities of the consumers, along with the implementation of various government initiatives for promoting marine tourism, especially in the developing economies, are anticipated to drive the market toward growth.

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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

  • Azimut Benetti S.p.A
  • Baja Marine
  • Bavaria Yachtbau GmbH
  • BRP Inc.
  • Brunswick Corporation
  • Chaparral Boats Inc. (Marine Products Corporation)
  • Farr Yacht Design Ltd.
  • Ferretti S.P.A. (Shandong Heavy Industry Group Co. Ltd.)
  • Fountain Powerboats Inc. (Baja Marine Inc.)
  • Mastercraft Boat Holdings Inc.
  • Yamaha Motor Co. Ltd.

Key Market Segmentation:

The report has categorized the market based on type and region.

Breakup by Type:

  • New Leisure Boat
    • Motorized/Power Boats
    • Non-Motorized Boats
  • Used Leisure Boat
    • Motorized/Power Boats
    • Non-Motorized Boats
  • Monitoring Equipment
    • Boat and Yacht Monitoring Solutions
    • IoT Sensors
    • Telematics Solutions
    • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

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Key Highlights of The Report:                                                    

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

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