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Global Leisure Boat Market: By Type: New Leisure Boat, Used Leisure Boat, Monitoring Equipment; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand; Competitive Landscape; Industry Events and Developments
Global Leisure Boat Market Outlook
The global leisure boat market stood at a value of more than USD 39.2 billion in 2021. The market is further expected to grow at a CAGR of 5.1% in the forecast period of 2023-2028 to attain a value of over USD 52.80 billion by 2027.
Heightened Demand for Used Motorised Boats to Augment the Global Leisure Boat Industry
Based on type, the used motorised boats segment is predicted to hold a significant market share in the leisure boat industry. The segment growth can be attributed to the increased demand for pleasure boats among consumers owing to the increasing interest in fishing and marine tourism activities, coupled with the rising disposable incomes. In addition, used motorised boats can be rented for the duration of the trip, as leisure boats are expensive. These factors are expected to contribute to the overall market growth in the forecast period.
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Europe to Occupy a Significant Market Share in the Global Leisure Boat Industry
Europe is predicted to possess a significant share of the leisure boat industry in the forecast period. This can be attributed to the heightened investments in the development of the marine transportation industry. In addition, the high purchasing power and the improved living standards are also driving consumers to invest in travelling and tourism activities. Moreover, the increasing focus on the integration of digital solutions in leisure boats to enhance the travelling experience of consumers is also expected to aid the industry.
Leisure Boat: Industry Definition and Segmentation
Leisure boats are boats that are used for recreational boating for entertainment and tourism activities. These boats can be motorised and non-motorised and include sailboats, towboats, jet boats, cabin cruisers, and watercraft. They are utilised for activities, such as boating, sailing, and fishing. Some leisure boats also offer special accommodation cabins that are spacious and luxurious, offering necessary amenities.
By type, the market is divided into:
- New Leisure Boat
- Motorised
- Non-Motorised
- Used Leisure Boat
- Motorised/Power Boat
- Non-Motorised Boat
- Monitoring Equipment
- Boat and Yacht Monitoring Solutions
- IoT Sensors
- Telematics Solutions
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Increased Travelling Activities and the Rapid Technological Advancements to Provide Lucrative Opportunities for the Expansion of the Global Leisure Boat Industry
The increased interest in water-based tourism and sports activities among consumers is projected to bolster the market growth in the forecast period. This can be attributed to the inflating disposable incomes, improved living standards, and the growing consumer expenditure on leisure activities. In addition, the rising capital expenditure in the boating industry to support travelling and tourism activities is also predicted to aid the market growth. Moreover, rapid technological advancements, such as the integration of IoT sensors, machine learning (ML), and artificial intelligence (AI) solutions to assist in monitoring and navigation, are also expected to drive the industry growth. Furthermore, with rising eco-consciousness, the leading market players are increasingly investing in the development of sustainable boating solutions, such as solar powered boats, which, in turn, is estimated to favour the market growth in the coming years.
Key Industry Players in the Global Leisure Boat Market
The report gives a detailed analysis of the following key players in the global leisure boat market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Azimut Yachts Montenegro
- Baja Marine
- Bavaria Yachtbau GmbH
- Ferretti Group
- Brunswick Corporation
- Fountain Powerboats
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Region |
| Breakup by Type | New Leisure Boat, Used Leisure Boat, Monitoring Equipment |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Azimut Yachts Montenegro, Baja Marine, Bavaria Yachtbau GmbH, Ferretti Group, Brunswick Corporation, Fountain Powerboats, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Leisure Boat Market Analysis
8.1 Key Industry Highlights
8.2 Global Leisure Boat Historical Market (2018-2022)
8.3 Global Leisure Boat Market Forecast (2023-2028)
8.4 Global Leisure Boat Market by Type
8.4.1 New Leisure Boat
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.1.3 Breakup by Type
8.4.1.3.1 Motorised
8.4.1.3.1.1 Historical Trend (2018-2022)
8.4.1.3.1.2 Forecast Trend (2023-2028)
8.4.1.3.2 Non-Motorised
8.4.1.2.1.1 Historical Trend (2018-2022)
8.4.1.2.1.2 Forecast Trend (2023-2028)
8.4.2 Used Leisure Boat
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.2.3 Breakup by Type
8.4.2.3.1 Motorised/ Power Boat
8.4.2.3.1.1 Historical Trend (2018-2022)
8.4.2.3.1.2 Forecast Trend (2023-2028)
8.4.2.3.2 Non-Motorised Boat
8.4.2.3.2.1 Historical Trend (2018-2022)
8.4.2.3.2.2 Forecast Trend (2023-2028)
8.4.3 Monitoring Equipment
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.3.3 Breakup by Type
8.4.3.3.1 Boat and Yacht Monitoring Solutions
8.4.3.3.1.1 Historical Trend (2018-2022)
8.4.3.3.1.2 Forecast Trend (2023-2028)
8.4.3.3.2 IOT Sensors
8.4.3.3.2.1 Historical Trend (2018-2022)
8.4.3.3.2.2 Forecast Trend (2023-2028)
8.4.3.3.3 Telematics Solutions
8.4.3.3.3.1 Historical Trend (2018-2022)
8.4.3.3.3.2 Forecast Trend (2023-2028)
8.4.3.3.4 Others
8.5 Global Leisure Boat Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
9 North America Leisure Boat Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Leisure Boat Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Leisure Boat Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Leisure Boat Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Leisure Boat Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Azimut Yachts Montenegro
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Baja Marine
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Bavaria Yachtbau GmbH
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Ferretti Group
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Brunswick Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Fountain Powerboats
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Leisure Boat Market: Key Industry Highlights, 2018 and 2028
2. Global Leisure Boat Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Leisure Boat Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Leisure Boat Historical Market: Breakup by Region (USD Billion), 2018-2022
5. Global Leisure Boat Market Forecast: Breakup by Region (USD Billion), 2023-2028
6. North America Leisure Boat Historical Market: Breakup by Country (USD Billion), 2018-2022
7. North America Leisure Boat Market Forecast: Breakup by Country (USD Billion), 2023-2028
8. Europe Leisure Boat Historical Market: Breakup by Country (USD Billion), 2018-2022
9. Europe Leisure Boat Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Asia Pacific Leisure Boat Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Asia Pacific Leisure Boat Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Latin America Leisure Boat Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Latin America Leisure Boat Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Middle East and Africa Leisure Boat Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Middle East and Africa Leisure Boat Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Global Leisure Boat Market Structure
Key Questions Answered in the Report
In 2021, the global leisure boat market attained a value of more than USD 39.2 billion.
The market is projected to grow at a CAGR of 5.1% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach over USD 52.80 billion by 2027.
The major drivers of the industry, such as the increased consumer expenditure on water-based activities for recreational purposes, rising interest in fishing and marine tourism, increased adoption of technological solutions, rising disposable incomes, and improved living standards of consumers, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the rising travelling activities.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant types include new leisure boat, used leisure boat, and monitoring equipment.
The major players in the industry are Azimut Yachts Montenegro, Baja Marine, Bavaria Yachtbau GmbH, Ferretti Group, Brunswick Corporation, Fountain Powerboats, and others.
Analyst Review
The global leisure boat market attained a value of more than USD 39.2 billion in 2021, driven by the increased investments in the boating sector. Aided by the rapid technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.1%. The market is projected to reach over USD 52.80 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market can be distributed into new leisure boat, used leisure boat, and monitoring equipment. The major regional markets for leisure boat are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Azimut Yachts Montenegro, Baja Marine, Bavaria Yachtbau GmbH, Ferretti Group, Brunswick Corporation, Fountain Powerboats, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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