Authored By: Sarah
19 Jan 2021

Leisure Boat Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Technavio has been monitoring the leisure boat market and it is expected to grow by $ 30.01 bn, accelerating at a CAGR of almost 8% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Leisure Boat Market: Key Trends to impact market growth

The Technological integration in leisure boats is one of the key leisure boat market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Leisure Boat Market: Top Drivers to Boost Demand

The Increasing customer engagement in marinas and recreational boating activities is one of the primary factors driving the growth of the leisure boat market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Leisure Boat Market Size to Grow by Over $ 30 Billion in 2021-2025| Industry Report with Forecast and Segment Analysis

Vendor Analysis: AB Volvo, Azimut Benetti SpA and Bavaria Yachtbau GmbH are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AB Volvo, Azimut Benetti SpA, Bavaria Yachtbau GmbH, BENETEAU SA, Bombardier Recreational Products Inc., Brunswick Corp., Chaparral Boats Inc., FERRETTI SpA, Iconic Marine Group, and Yamaha Motor Co. Ltd. are some of the major market participants.

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Leisure Boat Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive leisure boat market growth during the next five years
  • Precise estimation of the leisure boat market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the leisure boat market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of leisure boat market vendors

Technavio has been monitoring the Global leisure boat market size is expected to grow by USD 30.01 billion accelerating at a CAGR of over 8% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report

Leisure Boat Market Size to Grow by Over $ 30 Billion in 2021-2025| Industry Report with Forecast and Segment Analysis

Leisure Boat Market: Segmentation by Product

The leisure boat accessories segment led the market in 2020. It includes the revenue generated from the sales of leisure boat accessories such as remote controls, GPS systems, digital throttles, digital dashboards, fishing equipment, marine batteries, safety equipment, special apparel, seating, and storage parts. The demand for accessories such as seat covers, traction mats, dry bags, and cases will increase with the growth of personal watercraft (PWC) sales. The demand for leisure boat accessories will also be fueled by the increase in sales of new boats and used boats.

Leisure Boat Market: Segmentation by Geography

North America was the largest Leisure Boat Market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. 59% of the market growth will originate from North America during the forecast period. The US and Canada are the key markets for leisure boats in the region. Market growth in this region will be faster than the growth of the market in Europe. Recent technological innovations such as the adoption of remote controls and digital dashboards in leisure boats will facilitate the leisure boat market growth in North America over the forecast period. 

Leisure Boat Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AB Volvo, Azimut Benetti SpA and Bavaria Yachtbau GmbH are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

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