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Sailboats Market Size - By Hull Type (Single Hull, Multi-Hull), Length (Up to 20 ft, 20 ft to 50 ft, Above 50 ft), Growth Prospects, Regional Outlook, & Global Forecast, 2023 - 2032

  • Report ID: GMI7354
  • Published Date: Nov 2023
  • Report Format: PDF

Sailboats Market Size

Sailboats Market size was valued at USD 2.9 billion in 2022 and is anticipated to register a CAGR of over 3% between 2023 and 2032. Rising sailboat sales and imports are driving growth in the market by expanding consumer choices and stimulating economic activity. According to the National Marine Manufacturers Association’s 2021 U.S. recreational boating statistical report, sailboat sales reached USD 126.1 million with a notable 43.4% rise in sailboat imports. The high demand for sailboats, both domestically & internationally, boosts production, encourages innovation, and supports related industries such as manufacturing, tourism & services.

Sailboats Market

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The sailboat market is experiencing growth due to the rising consumer disposable income. Increased financial resources enable individuals to invest in recreational pursuits such as sailing. Such trends encourage boat manufacturers and dealerships, fostering economic growth in the industry. Consequently, the market benefits from a broader customer base and heightened sales.

The sailboat market faces significant challenges including high costs that limit accessibility to potential buyers. Economic instability can lead to reduced consumer spending, impacting sales. Shifting consumer preferences toward other leisure activities and stringent regulatory standards further add to the complexity. Limited access to suitable waterways restricts sailboat usage and integrating advanced technologies while maintaining affordability presents hurdles. Environmental concerns and competition from motorized boats further impede market expansion. Overcoming these obstacles requires innovative strategies and sustainable practices within the industry.

COVID-19 Impact

The COVID-19 pandemic significantly impacted the sailboat industry, causing disruptions in production, supply chains, and sales. Travel restrictions and economic uncertainties led to reduced consumer spending on non-essential items, including recreational boats. Boat shows and events were cancelled, hindering marketing and sales opportunities. Manufacturing and delivery delays affected the availability of new boats, causing revenue losses for manufacturers and dealerships. Overall, the pandemic created a challenging environment for the sailboat industry, leading to decreased sales and financial setbacks.

Sailboats Market Trends

The introduction of new sailboats designed for comfortable & secure sailing experiences has catalyzed lucrative growth in the sailboat industry. These innovations enhance overall safety and offer increased comfort, appealing to a broader range of consumers. For instance, in February 2022, RS Sailing introduced the innovative RS Toura, a contemporary dinghy featuring ample space and a robust rotomolded polyethylene hull.

The balanced stability of RS Toura, coupled with its generous internal space, empowers sailors to explore coastal waters, ensuring a comfortable & secure sailing experience. The demand for such sailboats has risen significantly as enthusiasts prioritize enjoyable & secure sailing adventures. Manufacturers investing in these features are reaping financial rewards, thereby boosting market expansion, and creating a thriving industry landscape.

The sailboat market is benefiting from the surge in recreational sports activities. As people seek outdoor and water-based pursuits, sailing has gained popularity. Enthusiasts are drawn to the thrill and tranquillity of sailing, propelling demand for sailboats. Sailing events, regattas, and clubs are fostering community engagement and skill development, attracting new participants. Additionally, growing health consciousness and nature-focused leisure activities encourage individuals to explore sailing. These factors, along with rising recreational sports, collectively contribute to the expanding market size.

Sailboats Market Analysis

Sail Boats Market Size, By Hull Type, 2021-2032 (USD Billion)

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Based on hull type, the market is categorized into single hull and multi-hull. The single hull segment will gain remarkable momentum during the forecast timeline, due to their simplicity and exceptional manoeuvrability. These boats are favoured by beginners and seasoned sailors alike for their ease of operation, making them accessible to a wide range of enthusiasts. Their popularity is further bolstered by their extensive use in competitive sailing events, drawing the interest of racing enthusiasts. Additionally, their cost-effectiveness compared to larger multi-hull sailboats makes them an attractive choice, appealing to budget-conscious buyers and ensuring a steady market demand.

Sail Boats Market Revenue Share, By Length, 2022

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Based on length, the 20 ft to 50 ft segment accounted for 60% of the sailboats market share in 2022. Medium-length recyclable composite sailing boats, spanning from 20 to 50 feet, are spurring growth in the market. These eco-friendly vessels appeal to environmentally conscious buyers seeking sustainable options.

For instance, in July 2023, NLcomp of Monfalcone, Italy, unveiled its environmentally friendly production boat, the Ecoracer30. This 30-foot sailing boat, designed by Matteo Polli, is made from recyclable composites. It serves as a solution to the disposal issue of fiberglass boats, as around 95% of these boats are currently abandoned at the end of their lifecycle. The demand for these boats is rising as they offer a balance between size and manoeuvrability, making them attractive to both experienced sailors & newcomers.

North America Sail Boats Market Size, 2021-2032 (USD Billion)

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North America sailboat market size dominated around USD 1.2 billion in 2022, owing to its rich maritime heritage and extensive coastline, attracting enthusiasts and tourists alike. Prestigious sailing events and regattas hosted across North America promote the sport and augment sailboat sales, fostering a competitive market. The region's focus on sustainability aligns with the eco-conscious trend, making sailboats a preferred choice. Additionally, well-developed infrastructure including marinas and training facilities facilitates seamless engagement, contributing to robust market growth in North America.

Sailboats Market Share

Major companies operating in the sail boats industry are:

  • Groupe Beneteau
  • Jeanneau
  • HanseYachts AG
  • X-Yachts A/S
  • Bavaria Yatchs
  • Marlow Hunter, LLC
  • Catalina Yachts

Moreover, Groupe Beneteau has been one of the major dominating companies with market share holding of around 18%. Other major players in the market are Jeanneau, HanseYachts AG, X-Yachts A/S, Bavaria Yatchs and Marlow Hunter, LLC which are fiercely competing for market share through strategic innovations, high-quality craftsmanship, and diverse product offerings. They focus on customer preferences, technological advancements, and expanding their global presence, aiming to outmanoeuvre rivals & capture a larger market share.

Sailboats Industry News

  • In November 2022, Bavaria introduced the Bavaria C46, a versatile model that offers customizable configurations, allowing owners to choose from various options. Designed by Cossutti Yacht Design, this 14.86-meter-long & 4.70-meter-wide sailboat provides a spacious and adaptable sailing experience for enthusiasts.

The sailboats market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and shipments (Units) from 2018 to 2032, for the following segments:

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Market, By Hull Type

  • Single Hull
  • Multi-Hull

Market, By Length

  • Up to 20 ft
  • 20 ft to 50 ft
  • Above 50 ft

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Nordics
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ANZ
    • Southeast Asia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • South Africa
    • Saudi Arabia


Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of sail boats reached USD 2.9 billion in 2022 and is set to expand at over 3% CAGR from 2023 to 2032, attributed to the expanding consumer choices and stimulating economic activity globally.

The 20 ft to 50 ft sail boats industry accounted for around 60% revenue share in 2022, driven by the consumer inclination towards eco-friendly and sustainable options.

North America market generated USD 1.2 billion in revenue in 2022, due to the rich maritime heritage and extensive coastline across American countries, attracting enthusiasts and tourists alike.

Some of the top companies engaged in the sailboat manufacturing are X-Yachts A/S, Groupe Beneteau, HanseYachts AG, Marlow Hunter, LLC, Jeanneau, Bavaria Yachts, and Catalina Yachts.

Sailboats Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 197
  • Countries covered: 17
  • Pages: 250
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