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Leisure Boats Market Trends

Report ID: GMI4557
Published Date: Nov 2023
Report Format: PDF

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Leisure Boats Market Trends

Electrification and sustainable boating will render a favorable impact on the leisure boats business. There is a growing emphasis on sustainability in the boating industry, with an increasing interest in electric and hybrid propulsion systems. As environmental concerns rise, consumers may favor leisure boats that offer eco-friendly alternatives to traditional fuel-powered engines, promoting a cleaner and more sustainable boating experience.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of leisure boats was valued at USD 41.1 billion in 2022 and is estimated to register 7.5% CAGR between 2023 and 2032, as advances in boat design, materials, and technology play a significant role in driving consumer demand.

The yacht segment held a market share of around 35% in 2022 and will grow significantly through 2032, due to their versatility and comfort, making them popular choice for recreational boating.

North America leisure boats market will witness lucrative gains throughout 2032, due to increasing disposable incomes, a robust economy, and a growing interest of people in outdoor recreational activities.

Azimut-Benetti, Bavaria Yachtbau GmbH, Brunswick Corporation, Ferretti S.P.A., Forest River, Inc., Fountaine Pajot SA, Groupe Beneteau, Hallberg-Rassy, HanseYatchs AG, Legend Boats, Ltd, Lürssen, Malibu Boats, Inc., Marine Products Corporation, MasterCraft Boat Company, Inc., and Porter, Inc (Formula Boats).