Market Research Report
Leisure Boat - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||791999|
|Published||Content info||164 Pages
Delivery time: 2-3 business days
|Leisure Boat - Global Market Outlook (2017-2026)|
|Published: January 1, 2019||Content info: 164 Pages||
According to Stratistics MRC, the Global Leisure Boat market is accounted for $37.06 billion in 2017 and is expected to reach $60.51 billion by 2026 growing at a CAGR of 5.6%. Improving adult participation in recreational boating activities and growth in the number of dedicated sailing and boating events are some of the factors driving the market. However, shortage of boat moorings and contention from other leisure activity sources and unreasonably hot or cold weather are the factors that are restricting the market. In addition, rapid advancements in technologies and development of the tourism industry are providing ample of the opportunities to the market growth.
A leisure boat is a large motorboat with a cabin and plumbing and other amenities required for living on board. This is made up of plastic, aluminum, coated fabrics. A Leisure Boat is a boat used for personal, family, and sometimes sportsmanlike recreation. Leisure boating includes many activities such as boat racing, sailing, campaigning, fishing, and other water sports game.
Amongst Boat type, Outboard is segmented owing to this Outboard leisure boats have more room for outdoor activities, is easy to maintain, upgrade, and are inexpensive. The outboard boat segment accounts for a large share of the market, as these boats can be customized for multiple engines.
By geography, North America is driven due to demand in the country is majorly driven by factors such as the increasing number of high net worth individuals and the growing popularity of water sports and fishing activities.
Some of the prominent key players of Global Leisure Boat market include are Avon Marine, Mercury Marine, Ferretti S.P.A, Baja Marine, Bombardier Recreational Products (BRP) Inc, Bay Way Electronics, Brunswick Corporation, Farr Yacht Design, Ltd, Sentinel, Bavaria Yachtbau GmbH, HCB Center Console Yachts, Marine Products Corporation, Siren Marine, LLC, Sunseeker International Limited, Chaparral Boats, Inc, SilverTip Telematics and Neil Marine (Private) Ltd.
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