Latest News- Leisure Boat Market: Leisure boat accessories is expected to lead the Product segment during 2025-2029

The Leisure Boat Market is being driven by Increasing customer engagement in marinas and recreational boating activities

The Leisure Boat Market is expected to grow at a CAGR of 5.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 25103.5 million. The leisure boat industry confronts a significant environmental concern in the form of emissions. In response, Greenline Yachts introduces the Greenline 48 Coupe, a hybrid-powered yacht outfitted with a hybrid propulsion system and solar panels. Fountaine Pajot, a renowned catamaran manufacturer, also offers the MY4.S power catamaran, which boasts a hybrid propulsion system, enabling engines to function in electric and diesel modes. Both companies highlight the financial advantages of hybrid propulsion systems, including enhanced fuel efficiency, leading to substantial cost savings for boat owners. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Leisure boat accessories
  • Leisure boat motors
  • Leisure boat building
• Propulsion
  • Diesel
  • Gas
  • Hybrid
  • Sail drive
• Type
  • Motorized
  • Non-motorized
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • APAC
    • China
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing customer engagement in marinas and recreational boating activities
• Increasing demand for outboard powerboats
• Technological integration in leisure boats

However, the market also witnesses some limitations, which are as follows:

• High total cost of ownership of leisure boats
• Declining leisure boat registrations due to increasing maritime accidents
• Stringent regulations in leisure boat industry

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Market Scope in Leisure Boat Market Research Report

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Research Analysis Overview

The Leisure Boat Market is experiencing a surge, with Recreational Boats becoming increasingly popular among Budgets-conscious Boating Enthusiasts. Independent Dealers and Service Providers play a crucial role in supplying Diesel Boat Engines. IoT, AI, and Smart Sensors are revolutionizing the industry, benefiting Gen-Z Category. Rising Tourism and advanced Technology are key growth drivers, despite Trade Barriers. Explore various Boat Options, catering to diverse needs.

Market Research Overview

The global leisure products market, a segment of the larger household durables industry, encompasses categories such as sports equipment, musical instruments, camping gear, recreational vehicles, bicycles, toys, and consumer games. According to Technavio's market analysis, the household durables market size is determined by the collective revenue generated by manufacturers of household durables, including consumer electronics, home furnishings, homebuilding products, household appliances, housewares and specialties, and leisure products. Factors driving the expansion of the leisure products market include the rising membership numbers in health and fitness clubs, with memberships experiencing consistent growth over the past decade, and the subsequent increase in the number of health and fitness clubs due to the industry's promising future.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/