Leisure Boat Market Size, Share & Trends Analysis Report By Type (New Leisure Boat, Used Leisure Boat, Monitoring Equipment), By Region (North America, Europe, APAC, South America, MEA), And Segment Forecasts, 2020 - 2027

Leisure Boat Market Growth Growth & Trends Trends

The global leisure boat market size is expected to reach USD 55.27 billion by 2027, according to aew report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.1% from 2020 to 2027. The increasing popularity of marine and coastal tourism, coupled with the growing inclination toward yachting as a recreational activity, is a primary factor driving the market. Although the ongoing Covid-19 pandemic has proved to be a major hindrance for the market, the gradual re-opening of the economies and upliftment of restrictions are paving the way to bring the market back on track. Besides, the growing urge among masses to involve in leisure activities in the post-lockdown period further presents bright opportunities for the market over the forecast period.

The tourism industry has changed drastically over the last few years with the increasing popularity of marine and coastal tourism activities. The world economy is witnessing healthy growth and markets, such as the U.S., are witnessing growth in the per-capita income of the individuals, which, in turn, has resulted in a rise in the disposable income of consumers. Moreover, there has been a rise in theumber of Highet Worth Individuals (HNWIs), which is expected to drive consumers to spend more on leisure activities, thus boosting demand for recreational boats.

The increasingumber of boat shows and water sporting events are attracting a largeumber of boaters worldwide. The leading manufacturers are sponsoring boat shows and events, which, in turn, is enhancing the popularity of leisure boats.orth America is poised to remain the most prominent region in terms of revenue generation during the forecast period. The rising demand for recreational watercraft is driven by factors such as improving economic conditions and the rising disposable income of consumers in the region. The U.S. is anticipated to witness significant growth over the forecast period. Demand in the country is majorly driven by factors such as the increasingumber of highet worth individuals and the growing popularity of water sports and fishing activities.

Furthermore, there are changes taking place in boat building, such as the adoption of IoT technology that enables appliances, physical structures, vehicles, smartphones, wearable devices, and heavy equipment to be connected to each other, while facilitating an exchange of information through a singleetwork. The connected boat provides enhanced safety, security, and accuracy, while also improving the efficiency of the boat by digitalizing and optimizing various functions.

Measures taken by various governments to promote tourism activities in their countries are also boosting the market growth. Countries with richatural resources, such as vast coastlines and large inland water bodies, are undertaking initiatives to promote recreational boating activities to increase their tourism business. Countries such as the U.S. have a vast coastline, a highly developed infrastructure, and a large population that participates in leisure boating activities, thus openingew growth opportunities for the market. Additionally, the French government is encouraging yacht manufacturers by providing them support in various forms, thus enabling them to invest in expanding their yacht maintenance and construction capacities.

Leisure Boat Market Report Highlights

Leisure boats are projected to witness a strong growth in demand owing to the initiatives taken by the governments worldwide for the development of coastal and marine tourism and the rising disposable income of citizens in emerging economies

Sports yachts are expected to witness greater demand in developed countries owing to the active participation of people in marine sporting events as well as recreational boating activities

Boat manufacturers are increasingly organizing boat shows worldwide to attract a greaterumber of potential boat buyers, and thereby expand their customer base

By type, the used leisure boat segment held the largest revenue share of over 76.0% in 2019 owing to the prompt and easy availability and relatively lower cost

orth America held the largest revenue share of more than 46.0% in 2019 owing to the greater demand for recreational activities across the region, especially in the U.S.Please note: The report will be updated with the latest data and delivered to you within 2-3 business days.

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
Chapter 3. Market Variable, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related/ Ancillary Market Outlook
3.2. Leisure Boat Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Market Opportunity Analysis
3.3. Penetration & Growth Prospect Mapping
3.4. Leisure Boat Market Industry Analysis – Value Chain
3.5. Leisure Boat Market Industry Analysis – Porter’s
3.5.1. Supplier Power
3.5.2. Buyer Power
3.5.3. Substitution Threat
3.5.4. Threat of New Entrants
3.5.5. Competitive Rivalry
3.6. Leisure Boat Market Industry Analysis - PEST
3.6.1. Political & Legal Landscape
3.6.2. Environmental Landscape
3.6.3. Social Landscape
3.6.4. Technology Landscape
Chapter 4. Leisure Boat Market: Type Outlook
4.1. Leisure Boat Market: Type Analysis
4.1.1. New Leisure Boat Motorized Personal Watercraft Outboard Boats Yacht Yacht Type Super Yacht Flybridge Yacht Sport Yacht Long Range Yacht Others Yacht Length Up to 20 ft. 20 to 50 ft. Above 50 ft. Others Non-motorized Kayaks Canoes Others
4.1.2. Used Leisure Boat Motorized Personal Watercraft Outboard Boats Yacht Yacht Type Super Yacht Flybridge Yacht Sport Yacht Long Range Yacht Others Yacht Length Up to 20ft. 20 to 50 ft. Above 50 ft. Others Non-motorized Kayaks Canoes Others
4.1.3. Monitoring Equipment Boat and Yacht Monitoring Solutions IoT Sensors Water Detection Sensors Voltage Meters Temperature and Motion Sensors Others Telematics Solutions Others
Chapter 5. Leisure Boat Market: Regional Outlook
5.1. Leisure Boat Market Share By Region, 2019 & 2027
5.2. North America
5.2.1. U.S.
5.2.2. Canada
5.2.3. Mexico
5.3. Europe
5.3.1. U.K.
5.3.2. Germany
5.3.3. France
5.3.4. Italy
5.3.5. Sweden
5.3.6. Spain
5.4. Asia Pacific
5.4.1. China
5.4.2. India
5.4.3. Japan
5.4.4. Singapore
5.4.5. South Korea
5.5. South America
5.5.1. Brazil
5.6. Middle East & Africa
Chapter 6. Competitive Analysis
6.1. Recent Developments & Impact Analysis, by Key Market Participants
6.2. Company/ Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
6.3. Vendor Landscape
6.3.1. Key Company Analysis, 2019
6.4. Company Analysis
6.4.1. Company Market Position Analysis
6.4.2. Competitive Dashboard Analysis
Chapter 7. Competitive Landscape
7.1. Avon Marine
7.1.1. Company overview
7.1.2. Financial Performance
7.1.3. Product benchmarking
7.1.4. Recent developments
7.2. Azimut Benetti Group
7.2.1. Company overview
7.2.2. Financial Performance
7.2.3. Product benchmarking
7.2.4. Recent developments
7.3. Baja Marine
7.3.1. Company overview
7.3.2. Financial Performance
7.3.3. Product benchmarking
7.3.4. Recent developments
7.4. Bavaria Yachtbau GmbH
7.4.1. Company overview
7.4.2. Financial Performance
7.4.3. Product benchmarking
7.4.4. Recent developments
7.5. Bombardier Recreational Products (BRP) Inc.
7.5.1. Company overview
7.5.2. Financial performance
7.5.3. Product benchmarking
7.5.4. Recent developments
7.6. Brunswick Corporation
7.6.1. Company overview
7.6.2. Financial Performance
7.6.3. Product benchmarking
7.6.4. Recent developments
7.7. Chaparral Boats, Inc.
7.7.1. Company overview
7.7.2. Financial Performance
7.7.3. Product benchmarking
7.7.4. Recent developments
7.8. Farr Yacht Design, Ltd.
7.8.1. Company overview
7.8.2. Financial Performance
7.8.3. Product benchmarking
7.8.4. Recent developments
7.9. Ferretti S.P.A.
7.9.1. Company overview
7.9.2. Financial Performance
7.9.3. Product benchmarking
7.9.4. Recent developments
7.10. Fountain Powerboats, Inc.
7.10.1. Company overview
7.10.2. Financial Performance
7.10.3. Product benchmarking
7.10.4. Recent developments

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