Leisure Boat Market Size, Share Analysis, Industry Insights, Growth, And Forecast To 2033

The new report published by The Business Research Company, titled ""Leisure Boat Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the leisure boat market size has grown strongly in recent years. It will grow from $43.09 billion in 2023 to $45.37 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The leisure boat market size is expected to see strong growth in the next few years. It will grow to $56.56 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=7199&type=smp

Growing Tourism Drives Surge In Leisure Boat Market
The growing tourism is expected to propel the growth of the leisure boat market. Tourism is a social, cultural, and economic phenomenon that involves individuals travelling to nations or locations beyond their typical surroundings for personal or business/professional reasons. The rapid growth in tourism over the past decade is due to increased disposable income, access to various locations, the urge to explore, and others. Leisure boat aids the tourism industry by carrying passengers to their desired travel destination and providing a luxurious experience to the tourists. For instance, according to a report published by the United Nations World Trade Organization (UNWTO) in 2022, global tourism increased from 400 million in 2020 to 415 million in 2021, showing an increase of 4% in 2021 over the previous year. Therefore, the increased tourism is expected to boost demand for leisure boats during the forecast period.

Innovative Boat For Mass Adoption Of Electric Boats
Major companies in the leisure boat market are focused on developing an innovative boat that leverages technology, such as hydrofoiling technology, for mass adoption of electric boats and to gain a competitive edge in the market. Hydrofoiling technology is an innovative system that uses underwater wings to lift a boat's hull, reducing drag and enabling efficient, high-speed, and smooth navigation over water surfaces. For instance, in August 2021, Candela, a Sweden-based provider of sustainable electric hydrofoil vessels, launched C-8, positioning it as the ""iPhone moment"" for electric boats. The C-8, building on the success of the C-7, is designed for high-volume production, offering a larger and more comfortable electric hydrofoiling leisure boat. It boasts a 95% lower driving cost than combustion engine boats, with a range of over 50 nautical miles at 22 knots. The fully connected and upgradeable C-8 features true fly-by-wire steering, autopilot, and an efficient hydrofoil system for a silent and smooth cruising experience.

The leisure boat market covered in this report is segmented -

1) By Boat Type: Yachts, Sailboats, Personal Watercrafts, Inflatables, Other Types
2) By Power Source: Engine Powered, Sail Powered, Human Powered
3) By Material Type: Aluminum, Fiberglass, Steel, Other Materials
4) By Application: Fishing, Transportation, Sports, Travel and Tourism, Other Applications

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=7199&type=discount

Major companies operating in the leisure boat market report are Yamaha Motor Co Ltd., Brunswick Corporation, Winnebago Industries Inc., Groupe Beneteau, Ferretti S.p.A., Viking Yacht Company, MasterCraft Boat Company, Malibu Boats LLC, Princess Yachts International plc, Marine Products Corporation, Sunseeker International Limited, Boston Whaler Inc., Westport Yachts, Hatteras Yachts, Regal Boats, Cobalt Boats LLC, Grady-White Boats Inc., Ranger Boats Inc., Duffy Electric Boats, Monterey Boats, Canadian Electric Boat Company, Chaparral Boats Inc., CRN SpA, Jeanneau, Nautor's Swan OYJ, Andaman Boatyard, Azimut Benetti Group, Baja Marine Inc., Bavaria Yachtbau GmbH, Boote Marian GmbH

Contents of the report:
1. Executive Summary
2. Leisure Boat Market Report Structure
3. Leisure Boat Market Trends And Strategies
4. Leisure Boat Market - Macro Economic Scenario
5. Leisure Boat Market Size And Growth
…..
27. Leisure Boat Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/leisure-boat-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.