Leisure and Defense Power Boats Market Report 2025

The leisure and defense power boats market size has grown strongly in recent years. It will grow from $25.46 billion in 2024 to $27.29 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth during the historic period can be attributed to increased demand for luxury vessels, higher investments in boating infrastructure, the expansion of digital sales channels, a growing emphasis on smart connectivity, and rising government spending.

The leisure and defense power boats market size is expected to see strong growth in the next few years. It will grow to $35.69 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The projected growth during the forecast period can be credited to the rise in disposable income, increased global investments in defense and security, heightened demand for electric and hybrid power boats, expansion of the tourism and travel sector, and growing interest in recreational boating. Key trends expected during this period include the adoption of innovative technologies, environmentally friendly designs, electric outboard motors, and the emergence of smart connected boats.

The growth of the leisure and defense power boats market is being driven by the expanding tourism and travel industry. This industry includes all activities associated with the movement of people for leisure, business, or other purposes, encompassing transportation, accommodation, food services, and entertainment. The rise in disposable income is a key factor contributing to this expansion, as increased financial resources enable more individuals and families to afford leisure travel and related services. Leisure and defense power boats contribute to tourism by offering recreational options such as cruises and fishing trips while also ensuring safety through patrols and emergency responses. For example, according to the Australian Bureau of Statistics, in 2022-23, domestic tourism consumption in Australia increased by $34.9 billion to reach $124.9 billion, and international tourism consumption rose by $17.7 billion to $23.6 billion in chain volume terms. This growth in tourism is supporting the expansion of the leisure and defense power boats market.

Companies in the leisure and defense power boats market are increasingly focusing on developing innovative solutions like air defense boats to boost maritime security, fulfill evolving defense needs, and broaden their offerings for specialized military and patrol missions. An air defense boat is a specialized vessel equipped with sophisticated radar and weapon systems designed to detect and neutralize aerial threats such as drones, helicopters, and aircraft. These boats are typically employed by military or coast guard units to safeguard coastal regions, ports, and other critical maritime zones from airborne attacks. For instance, in March 2023, the Islamic Revolutionary Guard Corps of Iran launched its first air defense boat capable of firing lethal missiles. This new vessel combines speed and agility with advanced air defense systems, enabling it to intercept aerial threats directly from the sea. Notable features include a compact, high-performance vertical launch system, seamless integration with radar and fire-control technology, and the ability to fire missiles while in motion, an uncommon capability for vessels of its size.

In April 2025, Bronzewood Capital Ltd., a UK-based investment firm, acquired Fairline Yachts for an undisclosed sum. The acquisition aims to bolster Bronzewood's position in the luxury marine market, expand its lineup of premium yacht brands, and leverage the increasing global demand for high-end recreational vessels. Fairline Yachts Ltd., also based in the UK, is known for manufacturing leisure powerboats.

Major players in the leisure and defense power boats market are Yamaha Motor Co. Ltd., Brunswick Corporation, Groupe Beneteau S.A., MasterCraft Boat Holdings Inc., Marine Products Corporation, Viking Yacht Company Inc., Westport LLC, Monterey Boats Inc., Metal Shark Boats LLC, Grady-White Boats Inc., SAFE Boats International LLC, Kvichak Marine Industries Inc., North River Boats Inc., Willard Marine Inc., MJM Yachts LLC, Zodiac Milpro International SAS, Duffy Electric Boat Company Inc., Stabicraft Marine Limited, Regal Marine Industries Inc., Canadian Electric Boat Company Inc.

North America was the largest region in the leisure and defense power boats market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in leisure and defense power boats report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the leisure and defense power boats market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The accelerated imposition of U.S. tariffs and the emerging trade conflicts in spring 2025 are significantly influencing the food and beverage sector by raising the costs for imported ingredients including olive oil, cheese, and tropical fruits, forcing food brands to reformulate products or accept lower margins. Beverage makers face similar pressures, with aluminum can tariffs increasing packaging expenses. Retaliatory tariffs on U.S. agricultural exports (e.g., soybeans, pork) have also disrupted farm-to-processing supply chains. Companies are reformulating recipes, sourcing locally where possible, and hedging commodity purchases to manage volatility.

Leisure and defense power boats are motorized vessels designed for recreational activities such as cruising and fishing, as well as for military and security functions like patrol, surveillance, and search and rescue missions. These boats feature powerful engines and are constructed with sturdy materials to deliver high performance, speed, and reliability in both recreational and tactical settings.

The primary categories of leisure and defense power boats are leisure power boats and defense power boats. Leisure power boats are motorized recreational vessels built for comfort, style, and performance, commonly used for cruising, water sports, and personal enjoyment. They employ various propulsion systems, including internal combustion engines, electric motors, and hybrid technologies. These boats are classified by size and capacity into small (up to 25 feet), medium (26 to 50 feet), and large (over 50 feet), and can also be distinguished based on passenger or payload capacity. Their applications span leisure, fishing, transportation, sports, travel and tourism, defense, military, police patrol, and more.

The leisure and defense power boats market research report is one of a series of new reports that provides leisure and defense power boats market statistics, including the leisure and defense power boats industry global market size, regional shares, competitors with the leisure and defense power boats market share, detailed leisure and defense power boats market segments, market trends, and opportunities, and any further data you may need to thrive in the leisure and defense power boats industry. These leisure and defense power boats market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The leisure and defense power boats market consists of sales of speedboats, patrol boats, and assault boats. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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