Leisure Boat Market Will Grow at CAGR During 2020-2027 | Brunswick Corporation, Bavaria Yachts GmbH, Azimut Yachts

A leisure boat is a recreational boat used for tourism and pleasure. These boats can have luxurious cabins and accommodation amenities. Leisure boats include sailboats, runabouts, towboats, jet boats, cabin cruisers, and watercrafts.

Rise in disposable income of consumers is increasing spending on tourism, which in turn is boosting the leisure boat market. Increasing interest in water recreation and rising participation in water activities across the globe are expected to drive the leisure boat market during the forecast period. The trend of owning vacation homes and accommodations on the banks of a waterbody is propelling the demand for leisure boats.

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Leisure boats are expensive and thus, have a niche market in developing countries. The global leisure boat market can be segmented based on boat type, technology, and region. In terms of boat type, the leisure boat market can be divided into outboard boats, inboard boats, sterndrive boats, sail boats, personal watercrafts, and others. Outboard leisure boats have more room for outdoor activities, are easy to maintain, upgrade, and are inexpensive. The outboard boats segment accounts for a large share of the market, as these boats can be customized for multiple engines.

Key players in the global leisure boat market include
Yamaha Motor Company Limited,
Brunswick Corporation,
Bavaria Yachts GmbH,
Johnson Outdoors Watercraft Inc.,
Azimut Yachts,
Beneteau Group,
Ferretti S.p.A., and
MASTERCRAFT.

The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

Highlights of the report:

o A complete backdrop analysis, which includes an assessment of the parent market
o Important changes in market dynamics
o Market segmentation up to the second or third level
o Historical, current, and projected size of the market from the standpoint of both value and volume
o Reporting and evaluation of recent industry developments
o Market shares and strategies of key players
o Emerging niche segments and regional markets

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