Leisure Boats Market Growth Analysis & Forecast Report | 2020-2026

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Leisure Boats Market Growth Factor, Industry
Revenue and Forecast by 2026
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Industry Insights

• The 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.
• 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.

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• Based on product, the leisure boats industry 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.
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  557
• 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.

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Browse complete Table of Contents (ToC) of this
research report _at_ https//www.gminsights.com/toc
/detail/leisure-boat-market 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
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5.6 Yacht 5.6.1 Market estimates and
forecast, 2016 2026 5.7 Sailboat 5.7.1
Market estimates and forecast, 2016 2026 5.8
Others
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Region

• 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.
• In 2021, Brunswick Corporation announced an
  increase in its production capacity at three of
  the firms 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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Key Players

• Marine Products Corporation
• MasterCraft Boat Company Inc.
• Porter Inc (Formula Boats)
• Riviera Australia Pty. Ltd.
• White River Marine Group
• Yamaha Motor Corporation

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