Leisure Boats Market Growth Trends & Projections 2021-2026

By Ronak Bora

Leisure boats market is estimated to procure steady growth driven by anticipated developments in the global tourism sector and increase in number of tourist activities. The COVID-19 pandemic has triggered a number of restrictions on international and domestic trade, leading to a decline in the sale of leisure boats. Despite this, it is estimated that the industry may rise substantially given to the gradual leniency in lockdown regulations.
Geographically speaking, North America and Europe leisure boats markets are projected to log considerable market share on account of rising adoption of leisure boats in pleasure and recreational boating activities, and presence of leading industry players.
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Increasing focus on the integration of advanced technologies such as sensors, IoT, and automated control systems into cruiser boats is another factor expected to propel leisure boats businesses. Considering potential rise in demand, several leisure boat manufacturers are developing new products. For example, in 2020, leader in towboat sales, Malibu Boats announced the release of its new Wakesetter 23 LSV, its advanced towboat consisting of a new design, cutting-edge features and enhanced performance. Given to such advancements, Global Market Insights, Inc., reports that the leisure boats market is estimated to register around USD 42 billion by 2026.
In terms of propulsion system, the market is bifurcated into gasoline, sail drive, diesel, and electric/hybrid. The gasoline segment is projected to experience steady progress in the upcoming years owing to lower price of gasoline boats, compared to hybrid and diesel boats. Gasoline leisure boats have less wear and tear of engine parts and require less maintenance than their diesel counterparts. Additionally, gasoline has a higher power to weight ratio than diesel. However, diesel leisure boats are also in steady demand, credited to their fuel-efficiency.
Based on product, the leisure boats market is divided into cruiser, catamaran, bowrider, sailboat, yacht, and pontoon. Of these, the bowrider leisure boats segment is likely to grow over the forecast timeframe owing to increased usage of bowrider boats, as well as the availability of these boats in an extensive range of options, right from 18 to 35 feet. Bowrider boats are also available in hybrid fish-and-ski models.
On a global scale, the leisure boats market comprises of companies such as Azimut Yachts, Brunswick Corporation, Malibu Boats, Inc., Bavaria Yachtbau GmbH, Marine Products Corporation, and MasterCraft. These firms are working on various business strategies including partnerships and new product launches, among others.
In 2021, Brunswick Corporation announced an increase in its production capacity at three of the firm’s global boat manufacturing facilities, in order to meet robust consumer demand and to help in refilling the low field inventory levels.
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Partial Chapter of the Table of Content
Chapter 4   Competitive Landscape,
4.1    Introduction
4.2    Company market share analysis, 2019
4.3    Key player analysis
Chapter 5   Leisure Boats Market, By Product (Revenue & Shipment)
5.1    Key trends by product
5.2    Bowrider
5.2.1    Market estimates and forecast, 2016 – 2026
5.3    Catamaran
5.3.1    Market estimates and forecast, 2016 – 2026
5.4    Cruiser
5.4.1    Market estimates and forecast, 2016 – 2026
5.5    Pontoon
5.5.1    Market estimates and forecast, 2016 – 2026
5.6    Yacht
5.6.1    Market estimates and forecast, 2016 – 2026
5.7    Sailboat
5.7.1    Market estimates and forecast, 2016 – 2026
Chapter 6   Leisure Boats Market, By Type (Revenue & Shipment)
6.1    Key trends by type
6.2    Motorized boats
6.2.1    Market estimates and forecast, 2016 - 2026
6.3    Non-motorized boats
6.3.1    Market estimates and forecast, 2016 – 2026
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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