What is Global Leisure Boats Market?
The Global Leisure Boats Market is an expansive and dynamic sector that encompasses a wide range of watercraft used for recreational purposes. These boats, often referred to as pleasure or leisure boats, are designed for various activities such as cruising, racing, yachting, and fishing. The market includes both motorized and non-motorized boats, from small rowboats and kayaks to larger yachts and sailboats. The global market for these leisure boats is driven by factors such as increasing disposable income, a growing interest in water sports and recreational activities, and advancements in boat technology. However, the market also faces challenges such as high maintenance costs and stringent regulations related to the environment and safety. Despite these challenges, the market continues to grow, offering numerous opportunities for manufacturers, dealers, and other stakeholders in the industry.
Motorboats, Sailboats, Others in the Global Leisure Boats Market:
The Global Leisure Boats Market is segmented into various types, including motorboats, sailboats, and others. Motorboats are powered by an engine and are popular for their speed and power. They are often used for activities such as water skiing, fishing, and cruising. Sailboats, on the other hand, are powered by the wind and are favored for their tranquility and connection with nature. They are commonly used for racing, cruising, and leisurely sailing. The 'others' category includes a variety of boats such as kayaks, inflatables, and rowboats. Each type of boat offers a unique boating experience and caters to different consumer preferences and needs. The choice of boat often depends on factors such as the intended use, budget, skill level, and personal preference of the user.
Private, Commercial in the Global Leisure Boats Market:
The Global Leisure Boats Market finds its application in both private and commercial sectors. In the private sector, leisure boats are primarily used for recreational activities such as fishing, water sports, and cruising. They are often owned by individuals or families who enjoy boating as a hobby or a way to relax and unwind. In the commercial sector, leisure boats are used for a variety of purposes such as charter services, boat rentals, and tour operations. They are also used in competitive events such as boat racing and yachting competitions. The usage of leisure boats in both these sectors is influenced by factors such as consumer lifestyle, tourism trends, and economic conditions.
Global Leisure Boats Market Outlook:
The future of the Global Leisure Boats Market looks promising, as indicated by the market outlook. In 2022, the market was valued at US$ 17830 million and is expected to grow to US$ 23220 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 3.8% during the forecast period from 2023 to 2029. The largest share of this market is held by North America, accounting for 56% of the total sales. The top 10 players in the market hold a significant portion, with a combined market share of over 43%. This data reflects the competitive nature of the market and the dominance of key players. However, it also suggests potential opportunities for new entrants and smaller players to make their mark in this growing market.
| Report Metric | Details |
| Report Name | Leisure Boats Market |
| Accounted market size in 2023 | US$ 18570 million |
| Forecasted market size in 2029 | US$ 23220 million |
| CAGR | 3.8 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Groupe Beneteau, Brunswick Corporation, Azimut Benetti Group, Lurssen Werft, Ferretti Group, White River Marine Group, Malibu Boats, Sanlorenzo, Mastercraft, Sunseeker International, Princess Yachts, Horizon Yacht, Damen, HanseYachts AG, Alexander Marine, Smoker Craft, Yamaha Motor, Alumacraft Boat, Iconic Marine Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
