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Leisure Boats - Global Market Trajectory & Analytics

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    Report

  • 462 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 362145

Global Leisure Boats Market to Reach $44.5 Billion by 2026


Leisure boats are recreational boats intended for recreation, pleasure and tourism activity. The global market for these boats is bolstered by increasing disposable income and expansion of the tourism industry across emerging economies. The market is gaining from increasing participation in competitive and recreational boating activity coupled with technological advances and introduction of connected boats. First-time boaters and lifelong enthusiasts are expected to continue driving demand for leisure boat market. Demand is also boosted by consumer attention on luxury options and the ongoing trend to own accommodations and vacation homes near water-bodies. The introduction of leisure boats with advanced features such as digital dashboards, digital throttles and joystick controls is driving first-time sales. Increasing disposable income holds a direct correlation with tourism activity and overall health of the leisure boat market. Rising corporate spending on sports and leisure activities is poised to reinforce global demand for leisure boats.

Amid the COVID-19 crisis, the global market for Leisure Boats estimated at US$38.3 Billion in the year 2022, is projected to reach a revised size of US$44.5 Billion by 2026, growing at a CAGR of 4% over the analysis period. Motorized/Power Boats, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$28.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Motorized Boats segment is readjusted to a revised 2.6% CAGR for the next 7-year period. Non-motorized boats enjoy high acceptance among customers in different income and age groups owing to their easy availability and diverse options in terms of sizes and shapes. Growth in the segment is supported by affordable price points and increasing use of canoes and kayaks in adventurous water sports.

The U.S. Market is Estimated at $15.8 Billion in 2022, While China is Forecast to Reach $4.3 Billion by 2026


The Leisure Boats market in the U.S. is estimated at US$15.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.3 Billion by the year 2026 trailing a CAGR of 5.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR. Leisure boast are finding increasing acceptance across countries or regions with vast coastlines and waterways. Growth in the US market is led by increasing acceptance of recreational watercraft and growing popularity of various marine recreational activities such as cruising and boating. Factors such as affordability, terrain and environment are playing a vital role in driving the European market. Rising disposable income and spending on recreational activities presents immense growth opportunities in Asia-Pacific region.

Select Competitors (Total 247 Featured):

  • AB Volvo
  • Avon Boats
  • Azimut Benetti Group
  • Baja Marine
  • Bavaria Yachtbau
  • Bennington Marine LLC,
  • Bombardier Recreational Products (BRP) Inc.
  • Brunswick Corporation
  • Catalina Yachts
  • Chaparral Boats Inc
  • Farr Yacht Design, Ltd.
  • Ferretti S.P.A.
  • Fountain Powerboats, Inc.
  • Godfrey Pontoon Group
  • Groupe Beneteau
  • Johnson Outdoors Watercraft, Inc.
  • Mahindra Odyssea
  • Ranger Boats
  • Sunseeker International Limited
  • The MasterCraft Boat Company
  • TRACKER BOATS®
  • Yamaha Motor Company Limited

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Leisure Boats

What is the estimated value of the Global Market for Leisure Boats?

The Global Market for Leisure Boats was estimated to be valued at $38.3 Billion in 2022.

What is the growth rate of the Global Market for Leisure Boats?

The growth rate of the Global Market for Leisure Boats is 3.8%, with an estimated value of $44.5 Billion by 2026.

What is the forecasted size of the Global Market for Leisure Boats?

The Global Market for Leisure Boats is estimated to be worth $44.5 Billion by 2026.

Who are the key companies in the Global Market for Leisure Boats?

Key companies in the Global Market for Leisure Boats include AB Volvo, Avon Boats, Azimut Benetti Group, Baja Marine, Bavaria Yachtbau, Bennington Marine LLC, Bombardier Recreational Products (BRP) Inc., Brunswick Corporation and Chaparral Boats Inc.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • A Review of COVID-19 Impact on Global Travel & Tourism Industry
  • COVID-19 Impact on Travel & Tourism Industry: Growth Rate (%) of Industry Revenues in Select Countries for 2020 Vs 2019
  • COVID-19 Impact on Tourism Industry: % Change in International Tourist Arrivals by Region for 2019 and Q1 2020
  • Leisure Marine Industry amid COVID-19 Pandemic
  • Industry Witnesses an Uptick in Recreational Boating among Scores of Boaters after Easing of Restrictions
  • Leisure Boats - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Leisure Boat: An Overview
  • Types of Leisure Boats
  • Market Outlook: Popularity of Boating Activity Up-Thrusts Global Leisure Boat Market to Prime Point
  • Select Stats
  • Influx of Emerging Technologies Set to Transform & Boost Boating Industry
  • New Leisure Boat Category Adds New Revenue Pockets to Leisure Boat Market
  • Regional Market Overview
  • Recent Market Activity
  • Select New Launches
  • World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Popularity of Nautical Tourism Underpins Market Expansion
  • Established Image of Chartering in Vacations Fuels Growth
  • Leisure Boats Integrated with Advanced Technologies Come to the Fore
  • Prominent Trends Benefitting Leisure Boat Market in Big Way
  • GPS Tracking Technology
  • Automated Boats
  • Smart Boats Enter the Fray
  • Adoption of AI Solutions Gains Momentum
  • Digital Dashboards & Social Media
  • Rising Significance of Software in Recreational Maritime Industry
  • Rising Demand for Personalized Leisure Boats to Drive Growth
  • Boats Enjoy New Highs with Outboard Power Kick
  • Electric Leisure Boating Makes Waves
  • Introduction of Hybrid Propulsion System in Leisure Boats
  • Factors Inhibiting Electric Leisure Boats from Sailing into Mainstream
  • High Net Worth Individuals: A Key Customer Class
  • Breakdown of Ownership of Yachts by Length: 2019
  • Geographic Localization of Ultra High Net Worth Individuals: 2019
  • Geographical Localization of HNW Individuals: 2019
  • Percentage Breakdown of Number HNWI Individuals by Wealth Tier: 2019
  • Top Countries in Terms of Number of Millionaires as % of Adult Population:
  • Yachting to Gain from Rise in UHNW Individuals
  • Boating Industry Targets Millennials and Gen-Z
  • Global Millennial Population Facts & Figures: Important Opportunity Indicators
  • Percentage of People Going to Boating Regularly in the US by Age Group: 2019
  • Boat Ownership in the US as % of Population, by Age Group: 2019
  • Global Millennials Population by Region (2018): Percentage Breakdown of Number of Millennials for North America, Europe, China & Japan, Latin America and Rest of World
  • Surging Interest in Sailing among Women Opens Up Growth Avenues
  • Increasing Disposable Incomes to Propel Sales
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Emergence of Recreational Fishing as Favorite Pastime Widens Opportunities
  • Surging Popularity of Kayak Fishing Benefits Market Expansion
  • Digital Technologies Become Pervasive in the Boating Industry
  • Disruptive Technologies Transforming Sports Fishing Boats over the Years
  • REGIONAL MARKET OVERVIEW
  • US Boat Industry: An Overview
  • US Sees Sustained Interest in Boating: Number of Adult Participants in Boating (in Million) for the Period 2010-2020
  • Number of Participants in Sailing (in Million) in the US: 2006, 2008, 2010, 2012, 2014, 2016, 2018, 2020
  • US Boat Unit Sales by Type (in %): 2019
  • China: A High-Growth Market for Leisure Boats
  • Yacht Industry : An Overview
  • Europe
  • Boating Industry and EU Recovery Plan
  • Mediterranean Basin: The Hub for Recreational Boating in Europe
  • France
  • Germany
  • The United Kingdom
  • Poland
  • Southeast Asia
  • Middle East
  • Brazil
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Leisure Boats Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Leisure Boats Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Leisure Boats Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Leisure Boats Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Leisure Boats Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Leisure Boats Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Leisure Boats Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Leisure Boats Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Leisure Boats Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Leisure Boats Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Leisure Boats Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Leisure Boats Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
AFRICA
  • Leisure Boats Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 247

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AB Volvo
  • Avon Boats
  • Azimut Benetti Group
  • Baja Marine
  • Bavaria Yachtbau
  • Bennington Marine LLC
  • Bombardier Recreational Products (BRP) Inc.
  • Brunswick Corporation
  • Catalina Yachts
  • Chaparral Boats Inc
  • Farr Yacht Design, Ltd.
  • Ferretti S.P.A.
  • Fountain Powerboats, Inc.
  • Godfrey Pontoon Group
  • Groupe Beneteau
  • Johnson Outdoors Watercraft, Inc.
  • Mahindra Odyssea
  • Ranger Boats
  • Sunseeker International Limited
  • The MasterCraft Boat Company
  • TRACKER BOATS®
  • Yamaha Motor Company Limited