FACTS AT A GLANCE
Edition: 17; Released: January 2021
Executive Engagements: 2118
Companies: 247– Players covered include 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 and Others.
Coverage: All major geographies and key segments
Segments: Type (Motorized/Power Boats, Non-Motorized Boats); Segment (Used Boats, New Boats, Monitoring Equipment)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Africa.
Complimentary Project Preview – This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
ABSTRACT-
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.
Amid the COVID-19 crisis, the global market for Leisure Boats estimated at US$35 Billion in the year 2020, 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 $15.1 Billion in 2021, While China is Forecast to Reach $4.3 Billion by 2026
The Leisure Boats market in the U.S. is estimated at US$15.1 Billion in the year 2021. 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. More
MarketGlass™ Platform
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today’s busy business executive’s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include – enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.
Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android
About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world’s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
LINKS
Get Full Report Details
https://www.strategyr.com/market-report-leisure-boats-forecasts-global-industry-analysts-inc.asp
Join Our Expert Panel
https://www.strategyr.com/Panelist.asp
Connect With Us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./
Follow Us on Twitter
https://twitter.com/marketbytes
Journalists & Media
[email protected]
SOURCE Global Industry Analysts, Inc.
