Press release
Leisure Boat Market: Steady Growth, Market Drivers, and Upcoming Trends
Leisure Boat Market Size
What Is The Projected Market Size Of The Global Leisure Boat Market And Its Growth Rate?
The leisure boat market has shown consistent growth in the recent years. Key statistics are:
•The market size has grown from $44.72 billion in 2024 to $46.81 billion in 2025, representing a compound annual growth rate (CAGR) of 4.7%.
•Drivers for growth in the historic period include marina and infrastructure development, consumer preferences for water-based activities, boating events and promotions, environmental awareness, regulations, and tourism trends.
•The market size is expected to further rise to $59.77 billion in 2029, with a projected CAGR of 6.3%.
•Growth in the forecast period is attributed to emerging market expansion, market segmentation and diversification, boating events and promotions, consumer preferences for water-based activities, and expansion of boating infrastructure.
What Is Driving The Growth In The Leisure Boat Market?
The leisure boat market's growth is driven by the surge in tourism. Tourism, as a social, cultural, and economic phenomenon, encourages individuals to journey beyond their typical surroundings for personal or professional reasons. The rapid growth in tourism over the past decade is due to increased disposable income, access to various locations, and the urge to explore. The rise in tourism is expected to boost the demand for leisure boats during the forecast period.
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Who Are the Key Players Driving Leisure Boat Market Growth?
Key players in the leisure boat market include:
•Yamaha Motor Co Ltd.
•Brunswick Corporation
•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
What Are The Key Trends In The Leisure Boat Market?
Key trends in the leisure boat market include:
•Boat connectivity and tech integration
•Sustainable and eco-friendly designs
•Versatility and multifunctional boats
•Focus on customization and personalization
•Rise in electric and hybrid boats
What Are The Segments Of The Global Leisure Boat Market?
Segments of the global leisure boat market include:
•Boat Type: Yachts, Sailboats, Personal Watercrafts, Inflatables, Other Types
•Power Source: Engine Powered, Sail Powered, Human Powered
•Material Type: Aluminum, Fiberglass, Steel, Other Materials
•Application: Fishing, Transportation, Sports, Travel and Tourism, Other Applications
Which Region Leads The Leisure Boat Market?
North America led the leisure boat market in 2024 and Western Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Leisure Boat Market Global Market Report?
- Market size analysis by key regions, countries, product types, and applications
- Identifying various subsegments for effective categorization
- Focus on key players to define their market value, share, and competitive landscape
- Examination of individual growth trends and prospects
- Evaluation of contributions of different segments to the overall market growth
- Detailing key factors influencing market growth, including opportunities and drivers
- Analysis of challenges and risks affecting the Leisure Boat Market
- Analysis of competitive developments, such as expansions, agreements, and new product launches in the market
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