Leisure Boat Market is anticipated to grow at a CAGR of 6.6% during forecast period and estimated to reach USD 25157 million by 2028.

Introduction of the Leisure Boat Market Report

A leisure boat is a recreational boat that is often used for tourism and pleasure purpose. This type of boat has luxurious cabin and accommodation amenities. The global leisure boat market covers various types of boats, including new leisure boats (Motorized, Yachts) and used leisure boats.

To have an edge over the competition by knowing the market dynamics and current trends of “Leisure Boat Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global Leisure Boat market include the growing disposable income of the citizens and the expansion of the tourism sectors in developing countries such as Brazil and China. Moreover, the continuous advancements in technologies and the increasing adoption of connected boats is further surging the market growth over the coming years. The leading manufacturers are emphasizing on developing modern boat layouts to cater to the changing interest of customers, particularly in the Gen-Z category. In addition to this, the rising awareness among the customers related to the various advantages offered by the integration of the technologies in the conventional boats is further contributing to the market growth. The leading players are implementing advanced technologies, including IoT, Artificial Intelligence, and smart sensors for offering the users with features such as GPS tracking, among others.

The recreational boating activities are becoming popular among the tourist due to the growing number of boating events and trade shows hosted in various parts of the world. Moreover, the continuous growth in marine and coastal tourism is further surging the market growth over the coming years. There has been an increase in the focus of the government to develop marine tourism, which is further contributing to the market growth.  Additionally, the increasing number of boat clubs and membership is surging the leisure boat sales over the coming years. In 2020, The Freedom Boat Club, a part of the Brunswick Corporation, opened its 250th location in the US.

Restraint in the Leisure Boat Market

However, the high maintenance and ownership cost related to the leisure boats are the major factors that are hampering the market growth.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Type – Segment Analysis

Based on the type, the used leisure boat segment is projected to grow at a higher CAGR during the forecast period. This is mainly since the used boat can be procured relatively quickly, thus reducing the high delivery timeline. Moreover, the used boats remain functional and ready-for-sale and have lower prices, which is encouraging the users to opt for used boats. In addition to this, the growing usage of kayaks and canoes, particularly in adventure water sports, is further supporting the market growth. On the other hand, the new leisure boat segment is anticipated to dominate the market during the forecast period. This is attributed to the growing adoption of advanced technologies such as smart sensors, AI, and the IoT, along with the availability of flexible financing options are increasing the demand for new leisure boats.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

Based on the region, North America region is expected to grow at a higher CAGR during the forecast period. The increasing demand for recreational watercraft in the US, is a major factor that is surging the regional market growth. Moreover, the US is experiencing an increase in the popularity of marine recreational activities such as boating and cruising. Moreover, the increase in the participation of people in recreational boating activities is further contributing to the market growth over the coming years. Individuals in this region are participating in the recreational activities and trade shows hosted by the manufacturers.

Top Market Players

Various notable players operating in the market include Avon Marine, Azimut Benetti Group, Baja Marine, Bavaria Yatchbau GmbH, Bombardier Recreational Products Inc., Brunswick Corporation, Chaparaal Boats Inc., Farr Yatch Design, Ltd., Ferretti SPA, and Fountain Powerboats, Inc., among others. 

Key Developments:

• • In 2020, Azimut Benetii Group launched the new yacht model under the Magaellano Collection. Through this launch, the company aims to expand its product offerings.
  • In 2020, Bavaria Yachtbau GmbH announced to launch the Bavaria Vida 33, the first day cruiser with an outboard engine.

Segments covered in the Report:

The global Leisure Boat market has been segmented on the basis of Type and regions. Based on Type, the market is segmented into New Leisure Boat and Used Leisure Boat. 

For detailed scope of the “Leisure Boat Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Leisure Boat market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Leisure Boat market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Leisure Boat market?
  • Which Type generated maximum revenues in 2019 and identify the most promising Type during the forecast period?
  • What are the various Segment 2 areas of global Leisure Boat market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues (2028)	USD 25157 million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Avon Marine, Azimut Benetti Group, Baja Marine, Bavaria Yatchbau GmbH, Bombardier Recreational Products Inc., Brunswick Corporation, Chaparaal Boats Inc., Farr Yatch Design, Ltd., Ferretti SPA, and Fountain Powerboats, Inc., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Leisure Boat Market by Type

• • New Leisure Boat
    • Motorized
    • Non-Motorized
  • Used Leisure Boat
    • Motorized
    • Non-Motorized

Global Leisure Boat Market by Region

• • North America Leisure Boat Market (Option 1: As a part of the free 25% customization)
    • North America Leisure Boat Market by Type
    • US Leisure Boat Market All-Up
    • Canada Leisure Boat Market All-Up
  • Europe Leisure Boat Market (Option 2: As a part of the free 25% customization)
    • Europe Leisure Boat Market by Type
    • UK Leisure Boat Market All-Up
    • Germany Leisure Boat Market All-Up
    • France Leisure Boat Market All-Up
    • Spain Leisure Boat Market All-Up
    • Rest of Europe Leisure Boat Market All-Up
  • Asia-Pacific Leisure Boat Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Leisure Boat Market by Type
    • China Leisure Boat Market All-Up
    • India Leisure Boat Market All-Up
    • Japan Leisure Boat Market All-Up
    • Rest of APAC Leisure Boat Market All-Up
  • RoW Leisure Boat Market (Option 4: As a part of the free 25% customization)
    • RoW Leisure Boat Market by Type
    • Brazil Leisure Boat Market All-Up
    • South Africa Leisure Boat Market All-Up
    • Saudi Arabia Leisure Boat Market All-Up
    • UAE Leisure Boat Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Leisure Boat Market All-Up

Major Players Operating in the Leisure Boat (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Avon Marine
  • Azimut Benetti Group
  • Baja Marine
  • Bavaria Yatchbau GmbH
  • Bombardier Recreational Products Inc.
  • Brunswick Corporation
  • Chaparaal Boats Inc.
  • Farr Yatch Design, Ltd.
  • Ferretti SPA
  • Fountain Powerboats, Inc.