Market Research Report
|Published by||Global Industry Analysts, Inc.||Product code||912653|
|Published||Content info||414 Pages
Delivery time: 1-2 business days
|Published: January 1, 2021||Content info: 414 Pages||
Global Leisure Boats Market to Reach $45.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Leisure Boats estimated at US$35 Billion in the year 2020, is projected to reach a revised size of US$45.9 Billion by 2027, growing at aCAGR of 4% over the period 2020-2027. Motorized/Power Boats, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$28.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Motorized Boats segment is readjusted to a revised 2.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $14.3 Billion, While China is Forecast to Grow at 5.7% CAGR
The Leisure Boats market in the U.S. is estimated at US$14.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.5 Billion by the year 2027 trailing a CAGR of 5.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
Select Competitors (Total 207 Featured) -