Leisure and Defense Power Boats Market Report 2026

The leisure and defense power boats market size has grown strongly in recent years. It will grow from $27.29 billion in 2025 to $29.25 billion in 2026 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to expansion of recreational boating activities, rising naval and coastal security requirements, growth in marine tourism, increasing defense procurement budgets, advancements in marine engine technology.

The leisure and defense power boats market size is expected to see strong growth in the next few years. It will grow to $38.1 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing adoption of electric propulsion systems, rising demand for smart marine navigation solutions, expansion of maritime border security programs, growing focus on low-emission marine vessels, increasing investments in advanced composite boat structures. Major trends in the forecast period include increasing adoption of hybrid and electric power boats, rising demand for high-speed patrol vessels, growing integration of advanced navigation and surveillance systems, expansion of luxury and performance leisure boats, enhanced focus on hull durability and fuel efficiency.

The growth of the tourism and travel industry is expected to drive the expansion of the leisure and defense power boats market in the coming years. The tourism and travel industry includes all activities associated with people traveling from one place to another for leisure, business, or other purposes, encompassing transportation, accommodation, food services, and entertainment. The expansion of this industry is largely driven by rising disposable incomes, as increased financial capacity allows more individuals and families to spend on leisure travel, accommodation, and related experiences. Leisure and defense power boats play an important role in supporting tourism by offering recreational activities such as cruises, water sports, and fishing excursions, while also contributing to safety through patrol operations and emergency response services, thereby enhancing both enjoyment and security for travelers. For instance, in December 2023, according to the Australian Bureau of Statistics, an Australian-based government administration, domestic tourism consumption in 2022-23 increased by $34.9 billion to reach $124.9 billion, while international tourism consumption rose by $17.7 billion to $23.6 billion in chain volume terms. Therefore, the expanding tourism and travel industry is fueling the growth of the leisure and defense power boats market.

Companies operating in the leisure and defense power boats market are increasingly focusing on the development of innovative offerings, such as air defense boats, to strengthen maritime security capabilities, address evolving defense requirements, and broaden their portfolios for specialized military and patrol missions. Air defense boats are specialized naval vessels equipped with advanced weapon systems and radar technologies designed to detect, track, and neutralize aerial threats including drones, helicopters, and aircraft. These boats are typically deployed by military and coast guard forces to safeguard coastal regions, ports, and critical maritime infrastructure from airborne attacks. For example, in March 2023, the Islamic Revolutionary Guard Corps, an Iran-based government organization, unveiled its first air defense boat capable of launching lethal missiles. This platform combines high speed and maneuverability with advanced air defense functionality, enabling interception of aerial threats directly from maritime environments. Key features include a compact high-performance vertical launch system, integrated radar and fire-control systems, and the ability to launch missiles while in motion, a capability rarely achieved by smaller vessels.

In April 2025, Bronzewood Capital Ltd., a UK-based investment firm, acquired Fairline Yachts for an undisclosed amount. Through this acquisition, Bronzewood Capital aims to strengthen its footprint in the luxury marine segment, expand its portfolio of premium yacht brands, and take advantage of rising global demand for high-end recreational vessels. Fairline Yachts Ltd. is a UK-based manufacturer specializing in leisure powerboats.

Major companies operating 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 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the leisure and defense power boats market report are Asia-Pacific, South East Asia, 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, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

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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