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Leisure Boats Global Market to Reach $44.5 Billion by 2026
Global Market for Leisure Boats
Dublin, July 08, 2022 (GLOBE NEWSWIRE) -- The "Leisure Boats - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
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.
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.
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.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
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
Breakdown of Ownership of Yachts by Length: 2019
Geographic Localization of Ultra High Net Worth Individuals: 2019
Geographical Localization of HNW Individuals: 2019
Percentage Breakdown of Number HNWI Individuals by Wealth Tier: 2019
Top Countries in Terms of Number of Millionaires as % of Adult Population:
Yachting to Gain from Rise in UHNW Individuals
Boating Industry Targets Millennials and Gen-Z
Global Millennial Population Facts & Figures: Important Opportunity Indicators
Percentage of People Going to Boating Regularly in the US by Age Group: 2019
Boat Ownership in the US as % of Population, by Age Group: 2019
Global Millennials Population by Region (2018): Percentage Breakdown of Number of Millennials for North America, Europe, China & Japan, Latin America and Rest of World
Surging Interest in Sailing among Women Opens Up Growth Avenues
Increasing Disposable Incomes to Propel Sales
Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
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
REGIONAL MARKET OVERVIEW
US Boat Industry: An Overview
US Sees Sustained Interest in Boating: Number of Adult Participants in Boating (in Million) for the Period 2010-2020
Number of Participants in Sailing (in Million) in the US: 2006, 2008, 2010, 2012, 2014, 2016, 2018, 2020
US Boat Unit Sales by Type (in %): 2019
China: A High-Growth Market for Leisure Boats
Yacht Industry : An Overview
Europe
Boating Industry and EU Recovery Plan
Mediterranean Basin: The Hub for Recreational Boating in Europe
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
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
Companies Mentioned
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
For more information about this report visit https://www.researchandmarkets.com/r/dicvx2
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