Leisure Boat Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2023-2030

The leisure boat market is projected to grow at a CAGR of 6.5% during the forecast period 2016-2021. The market is expected to reach USD 1.8 billion by 2021. The market is segmented on the basis of type, application, and region. The type segment is further divided into racing boats and cruising boats. The application segment is divided into personal use and commercial use. The region segment is divided into North America, Europe, Asia Pacific, and Latin America. This report provides a detailed analysis of the market, comprising the following: -Market overview -Market size and forecast -Market growth drivers -Market challenges -Market prospects This report also provides a Porter’s five force analysis of the market.

1. Introduction

The leisure boat market is expected to grow at a CAGR of around 5% during the forecast period of 2020-2025. The major factor driving the growth of the market is the growing demand for recreational activities, such as fishing, water sports, and cruising, among the population. Furthermore, the growing number of marinas and yacht clubs is also expected to contribute to the market growth.

The Asia-Pacific region is expected to hold the largest market share in the global leisure boat market, due to the growing popularity of water sports and recreational activities, such as fishing and cruising, in the region. The North American and European regions are also expected to contribute to the market growth, due to the growing popularity of recreational activities, such as fishing and water sports, in the regions.

2. Key Findings

The global leisure boat market was valued at USD XX million in 2016 and is projected to reach USD XX million by 2025, growing at a CAGR of XX% during the forecast period.

1. The study provides an in-depth analysis of the global leisure boat market and offers current trends and future estimations to elucidate the investment pockets.

2. It offers a quantitative analysis from 2016 to 2025 to enable the stakeholders to capitalize on the prevailing market opportunities.

3. A comprehensive analysis of the factors that drive and restrain the growth of the market is provided.

4. The leisure boat market is segmented on the basis of type, propulsion, length, and geography.

5. The study encompasses the competitive landscape of the key players operating in the market along with their company profiles, SWOT analysis, and key developments.

3. Market Analysis

The leisure boat market is expected to grow significantly in the next five years. The market is driven by the growing popularity of boating as a recreational activity, the increasing disposable incomes of consumers, and the availability of easy financing options. In addition, the development of new technologies and the growing demand for luxury boats are expected to fuel the growth of the market.

The market is segmented on the basis of boat type, engine type, and geography. On the basis of boat type, the market is divided into power boats, sail boats, and inflatable boats. On the basis of engine type, the market is classified into inboard, outboard, and sterndrive. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

This report provides an extensive analysis of the current and emerging leisure boat market trends and dynamics.
In-depth analysis is conducted by building up a comprehensive mapping of the market dynamics.
A detailed analysis of the major players in the leisure boat market is provided to understand the competitive landscape of the market.
This report analyzes the factors that drive and restrain the growth of the leisure boat market.
The report provides a detailed quantitative analysis of the current market and estimations through 2019-2025, which assists in identifying the prevailing opportunities.
KEY MARKET SEGMENTS

By Boat Type

Power Boats
Sail Boats
Inflatable Boats
By Engine Type

Inboard
Outboard
Sterndrive
By Geography

North America
Europe
Asia-Pacific
LAMEA

KEY PLAYERS

Brunswick Corporation
Marine Products Corporation
Yamaha Motor Corporation
Honda Motor Company
Suzuki Motor Corporation

4. segmentation

The global leisure boat market report by MWR has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Boat segmentation is the process of dividing the market for boats into distinct groups of consumers with similar needs and wants. Segmentation allows boat manufacturers and dealers to target their marketing and sales efforts more effectively. There are four main segments in the leisure boat market:

1. Sailboats
2. Powerboats
3. Personal watercraft
4. Inflatable boats

Each segment has its own distinct characteristics, which are described in detail in the report.

The sailboat segment is the largest in the leisure boat market and is expected to grow at a CAGR of more than 4% during the forecast period. Sailboats are popular among consumers who enjoy sailing as a leisure activity. The powerboat segment is the second-largest in the leisure boat market and is expected to grow at a CAGR of more than 3% during the forecast period. Powerboats are popular among consumers who enjoy watersports such as skiing and wakeboarding.

The personal watercraft segment is the third-largest in the leisure boat market and is expected to grow at a CAGR of more than 2% during the forecast period. Personal watercraft are popular among consumers who enjoy recreational activities such as cruising and sightseeing. The inflatable boat segment is the smallest in the leisure boat market and is expected to grow at a CAGR of more than 1% during the forecast period. Inflatable boats are popular among consumers who enjoy fishing and camping.

5. Key Players

The global leisure boat market is expected to grow at a CAGR of around 5% during the forecast period. The market is mainly driven by the growing demand for recreational activities, rising disposable incomes, and the growing tourism industry.

The market is segmented by type, application, and geography. The market is divided into four major types: motorboats, sailing boats, personal watercraft, and inflatable boats. The motorboat segment is expected to account for the largest share of the market, followed by the sailing boat segment. The market is further segmented by application into fishing, cruising, and water sports. The cruising segment is expected to grow at the highest CAGR during the forecast period.

The market is divided into four major regions: North America, Europe, Asia Pacific, and Rest of the World. North America is expected to account for the largest share of the market, followed by Europe.

6. Future Outlook

The future outlook for the leisure boat market is positive. The market is expected to grow at a CAGR of 5.6% during the forecast period (2019-2024). The major drivers for the market growth are the increasing disposable incomes, the growing trend of tourism, and the rising popularity of water sports.

The Asia-Pacific region is expected to be the largest market for leisure boats, due to the growing tourism industry in the region. The market in Europe is also expected to grow at a significant rate, due to the presence of a large number of manufacturers in the region.

7. Conclusion

The global leisure boat market is expected to grow at a CAGR of around 5% during the forecast period. The increasing number of boat shows and exhibitions, and the growing popularity of boating as a recreational activity are the major factors driving the growth of the market.

The rising disposable incomes and the growing trend of boat sharing are further propelling the market growth. Moreover, the increasing number of boat rental companies and the growing popularity of boat chartering are providing a boost to the market. However, the high cost of boats and the stringent regulations regarding the emission of pollutants from boats are restraining the market growth.

The aluminum boat segment is expected to grow at the highest CAGR during the forecast period. The increasing popularity of aluminum boats owing to their light weight and durability is driving the growth of this segment. The Asia-Pacific region is expected to be the largest market for leisure boats during the forecast period. The increasing number of boat shows and exhibitions, and the growing popularity of boating as a recreational activity in the region are the major factors driving the market growth.