The leisure boat market valued at approximately US$ 42.6 billion in 2021, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5.8% over the next ten years, reaching a valuation of nearly US$ 78.4 billion by the end of 2032.
Europe holds a significant share of the global leisure boat market, benefiting from its extensive network of inland waterways spanning 37,000 kilometers and a coastline stretching over 70,000 kilometers. Europe accounts for approximately 25.1% of the global demand for leisure boats.
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Data from the International Council of Marine Industry Associations indicates that the boating industry in Europe comprises over 32,000 companies, employing more than 280,000 individuals. Furthermore, around 48 million Europeans engage in leisure boating activities.
The leisure boat market in Europe is expected to continue its growth trajectory, with a forecasted market value of US$ 19.6 billion by 2032, accompanied by a CAGR of 5.8%. This growth is driven by factors such as the region’s extensive waterway infrastructure, the popularity of leisure boating among Europeans, and ongoing developments within the boating industry.
Key Takeaways:
- Rising demand for electric boats will strengthen market prospects.
- Europe’s leisure boat market will grow at a CAGR of 5.8%, reaching a value of US$ 19.6 Bn by 2032.
- The leisure boat market in the United States will be a major contributor to market growth by generating an opportunity of US$ 26.3 Bn during the assessment period.
- The diesel propulsion system will gain popularity and register a CAGR of 5.3% during the forecast period.
Competitive Landscape
Avon Marine, Azimut Benetti Group, Baja Marine, Bavaria Yachtbau GmbH, Bombardier Recreational Products Inc., Brunswick Corporation, Chaparral Boats Inc., Catalina Yachts, Farr Yacht Design, Ltd., Ferretti S.P.A., Fountain Powerboats, Inc., Groupe Beneteau, Sunseeker International Limited, Malibu Boats, Marine Product Corporation, MasterCraft Boat Company, Polaris Inc., and Ranger Boats among others are some of the major players in the leisure boats market profiled in the full version of the report.
Leading market players are concentrating on integrating new and advanced technologies into their products. These firms are keen on joint ventures, partnerships, and collaborations to gain a competitive advantage.
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Key Segments Covered in Leisure Boats Industry Survey
Leisure Boats Market by Type:
- New Leisure Boat
- Motorized/Power Boats
- Non-motorized Boats
- Used Leisure Boat
- Motorized/Power Boats
- Non-motorized Boats
- Equipment
- Boat and Yacht Monitoring Solutions
- IoT Sensors
- Telematics Solutions
- Other Equipment
Leisure Boats Market by Propulsion System:
- Diesel
- Gas
- Electric / Hybrid
- Sail Drive
Leisure Boats Market by Region:
- North America Leisure Boats Market
- Europe Leisure Boats Market
- Asia Pacific Leisure Boats Market
- Middle East & Africa Leisure Boats Market
- Latin America Leisure Boats Market
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
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