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.
Get more information on Leisure Boat Market by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
220 |
|
Base year |
2024 |
|
Historic period |
2019-2023 |
|
Forecast period |
2025-2029 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.8% |
|
Market growth 2025-2029 |
USD 25103.5 million |
|
Market structure |
market_structure.ucfirst |
|
YoY growth 2024-2025(%) |
5.4 |
|
Key countries |
US, Canada, UK, Germany, France, Italy, China, Spain, Brazil, and Japan |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
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.
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
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
