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Global Leisure Boats Market 2021-2027 - Popularity of Boating Activity Up-Thrusts Global Leisure Boat Market to Prime Point

Research and Markets
·4-min read

Dublin, March 25, 2021 (GLOBE NEWSWIRE) -- The "Leisure Boats - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Leisure Boats Market to Reach $45.9 Billion by 2027

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$ 45.9 Billion by 2027, growing at a CAGR of 4% over the period 2020-2027.

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 an early 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.

The U.S. Market is Estimated at $14.3 Billion, While China is Forecast to Grow at 5.7% CAGR

The Leisure Boats market in the U.S. is estimated at US$ 14.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 4.5 Billion by the year 2027 trailing a CAGR of 5.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession

  • A Review of COVID-19 Impact on Global Travel & Tourism Industry

  • Leisure Marine Industry amid COVID-19 Pandemic

  • Industry Witnesses an Uptick in Recreational Boating among Scores of Boaters after Easing of Restrictions

  • Leisure Boat: An Overview

  • Types of Leisure Boats

  • Market Outlook: Popularity of Boating Activity Up-Thrusts Global Leisure Boat Market to Prime Point

  • Select Stats

  • Influx of Emerging Technologies Set to Transform & Boost Boating Industry

  • New Leisure Boat Category Adds New Revenue Pockets to Leisure Boat Market

  • Regional Market Overview

  • Recent Market Activity

  • Select New Launches

  • World Brands

2. FOCUS ON SELECT PLAYERS(Total 207 Featured):

  • 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

3. MARKET TRENDS & DRIVERS

  • Popularity of Nautical Tourism Underpins Market Expansion

  • Established Image of Chartering in Vacations Fuels Growth

  • Leisure Boats Integrated with Advanced Technologies Come to the Fore

  • Prominent Trends Benefitting Leisure Boat Market in Big Way

  • GPS Tracking Technology

  • Automated Boats

  • Smart Boats Enter the Fray

  • Adoption of AI Solutions Gains Momentum

  • Digital Dashboards & Social Media

  • Rising Significance of Software in Recreational Maritime Industry

  • Rising Demand for Personalized Leisure Boats to Drive Growth

  • Boats Enjoy New Highs with Outboard Power Kick

  • Electric Leisure Boating Makes Waves

  • Introduction of Hybrid Propulsion System in Leisure Boats

  • Factors Inhibiting Electric Leisure Boats from Sailing into Mainstream

  • High Net Worth Individuals: A Key Customer Class

  • Yachting to Gain from Rise in UHNW Individuals

  • Boating Industry Targets Millennials and Gen-Z

  • Global Millennial Population Facts & Figures: Important Opportunity Indicators

  • Surging Interest in Sailing among Women Opens Up Growth Avenues

  • Increasing Disposable Incomes to Propel Sales

  • Emergence of Recreational Fishing as Favorite Pastime Widens Opportunities

  • Surging Popularity of Kayak Fishing Benefits Market Expansion

  • Digital Technologies Become Pervasive in the Boating Industry

  • Disruptive Technologies Transforming Sports Fishing Boats over the Years

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

  • UNITED STATES

  • US Boat Industry: An Overview

  • Market Analytics

  • CANADA

  • JAPAN

  • CHINA

  • China: A High-Growth Market for Leisure Boats

  • Yacht Industry: An Overview

  • Market Analytics

  • EUROPE

  • Market Overview

  • Boating Industry and EU Recovery Plan

  • Mediterranean Basin: The Hub for Recreational Boating in Europe

  • Market Analytics

  • FRANCE

  • Market Overview

  • Market Analytics

  • GERMANY

  • Market Overview

  • Market Analytics

  • ITALY

  • UNITED KINGDOM

  • Market Overview

  • Market Analytics

  • SPAIN

  • RUSSIA

  • REST OF EUROPE

  • Poland

  • Market Analytics

  • ASIA-PACIFIC

  • AUSTRALIA

  • INDIA

  • SOUTH KOREA

  • REST OF ASIA-PACIFIC

  • Southeast Asia

  • Market Analytics

  • LATIN AMERICA

  • ARGENTINA

  • BRAZIL

  • Market Overview

  • Market Analytics

  • MEXICO

  • REST OF LATIN AMERICA

  • MIDDLE EAST

  • Market Overview

  • Market Analytics

  • AFRICA

IV. COMPETITION

  • Total Companies Profiled: 195

For more information about this report visit https://www.researchandmarkets.com/r/xointp

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