Leisure Boat Market Is Booming Worldwide by 2026 | Yamaha Motor Corporation, USA, Azimut Yachts, Brunswick Corporation, Ferretti Group, MasterCraft Boat Company, Beneteau
According to the National Oceanic and Atmospheric Administration, recreational and ocean-based tourism contributes approximately USD 116 billion to the gross revenue of the U.S. Increasing fishing tournaments and water sport activities are significantly creating opportunities for leisure boat market. Rising youth participation in these tournaments is accelerating the demand for outboard boats. Consumer interest in kayaking and canoeing adds up to the utilization of leisure boats. According to the American Canoe Association (ACA), in 2018, approximately 22.9 million Americans participated in river, stream, and lake recreational activities.
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Rising demand for personalized leisure boats equipped with advanced technologies, such as GPS tracking, automated handling, and infotainment systems, will drive the leisure boat market growth. With changing lifestyle and technological advancement, companies are offering customization of design, cabin décor, and integrated electronics.
Evolution of smart boats integrated with enhanced digital connectivity and safety features will drive the leisure boat market over the forecast timeline. The companies are using carbon-fiber material for building new leisure boats for better stability and safety. Rising demand for smart autopilot controls and smart sonars with WiFish features are enhancing the market.
North America will dominate the leisure boat market over the forecast timeline due to the development of boating infrastructure. The U.S. dominates the recreational boat market in terms of consumption as it is one of the major importers of boats.
Key players in the market include Yamaha Motor Company, Azimut Yachts, Brunswick Corporation, and Ferretti S.p.A., Bavaria Yachts GmbH, Mastercraft, Johnson Outdoors Watercraft, Inc., and Beneteau Group.
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The leisure boat market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in units from 2016 to 2026 for the following segments:
Market by Type
o Motorized/power boats
o Personal watercrafts
o Outboard boats
o Non-motorized boats
Market by Application
The above information is provided for the following regions and countries:
o North America
o Asia Pacific
o South Korea
o Latin America
o Middle East & Africa
o Saudi Arabia
o South Africa
Corporate Sales, USA
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