The Asia Pacific Leisure Boat Market would witness market growth of 5.9% CAGR during the forecast period (2023-2030).
With the rise in popularity of marine and coastal tourism activities over the past few years, the tourism industry has undergone significant change. The economy is expanding steadily, and businesses in certain countries are observing increases in per-capita income, which has increased consumer disposable income.
Additionally, the number of high-net-worth individuals (HNWIs) has increased, which is predicted to encourage consumers to spend more on leisure activities and thus enhance demand for boats for leisure purposes. Non-motorized leisure boats offer low-impact workouts that appeal to people concerned about their health. These boats don't have engines or motors; instead, they use human force, like paddling, rowing, or sailing, to move forward. They provide a more relaxing and peaceful experience, enabling individuals to exercise, experience things at a slower pace on the water, and engage with nature.
With their emphasis on physical activity, tranquility, and a closer connection to nature, non-motorized leisure boats offer a unique and alluring boating experience for enthusiasts of all ages. Kayaks, canoes, and other non-motorized boats for leisure can be classified into various groups. Marine tourism’s development has been aided by the initiatives undertaken by the governments of many nations. In the upcoming years, the tourism industry will benefit from initiatives like boosting investments, building infrastructure, and altering rules & regulations. Across the region, outboard boats and yachts are widely used by boaters for recreational activities, and this trend is expected to continue during the forecast period.
The Asia Pacific region is expected to experience significant growth in the recreation and entertainment sector. Due to a substantial number of youthful customers, an increasing emphasis on the spreading popularity of Western sports leagues & clubs in Asia, and other factors, interest in water sporting events & activities continue to rise throughout the Asia Pacific region. The demand is anticipated to increase as more people in the region participate in leisure activities like boating and cruising.
The China market dominated the Asia Pacific Leisure Boat Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,861.5 Million by 2030. The Japan market is registering a CAGR of 5.2% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6.5% during (2023 - 2030).
Based on Product, the market is segmented into Motorized (Yacht, Personal Watercraft, Outboard Boats, and Others), and Non-Motorized. Based on Type, the market is segmented into Used, and New. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Leisure Boat Market is Projected to reach USD 61.7 Billion by 2030, at a CAGR of 5.2%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Bombardier Recreational Products (BRP) Inc., Brunswick Corporation, Marine Products Corporation (Chaparral Boats, Inc.), Ferretti S.p.A., Avon Marina, Azimut Benetti Group, Fountain Powerboats Group (Iconic Marine Group), Bavaria Yachtbau, Farr Yacht Design Ltd. and Sunseeker International (Wanda Group).
Scope of the Study
Market Segments Covered in the Report:
By Product
- Motorized
- Yacht
- Personal Watercraft
- Outboard Boats
- Others
- Non-Motorized
By Type
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Bombardier Recreational Products (BRP) Inc.
- Brunswick Corporation
- Marine Products Corporation (Chaparral Boats, Inc.)
- Ferretti S.p.A.
- Avon Marina
- Azimut Benetti Group
- Fountain Powerboats Group (Iconic Marine Group)
- Bavaria Yachtbau
- Farr Yacht Design Ltd.
- Sunseeker International (Wanda Group)
TABLE 1 Asia Pacific Leisure Boat Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Leisure Boat Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Leisure Boat Market by Product, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Leisure Boat Market by Product, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Motorized Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Motorized Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Leisure Boat Market by Motorized Type, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Leisure Boat Market by Motorized Type, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Yacht Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Yacht Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Personal Watercraft Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Personal Watercraft Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Outboard Boats Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Outboard Boats Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Non-Motorized Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Non-Motorized Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Leisure Boat Market by Type, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Leisure Boat Market by Type, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Used Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Used Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific New Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific New Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Leisure Boat Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Leisure Boat Market by Country, 2023 - 2030, USD Million
TABLE 27 China Leisure Boat Market, 2019 - 2022, USD Million
TABLE 28 China Leisure Boat Market, 2023 - 2030, USD Million
TABLE 29 China Leisure Boat Market by Product, 2019 - 2022, USD Million
TABLE 30 China Leisure Boat Market by Product, 2023 - 2030, USD Million
TABLE 31 China Leisure Boat Market by Motorized Type, 2019 - 2022, USD Million
TABLE 32 China Leisure Boat Market by Motorized Type, 2023 - 2030, USD Million
TABLE 33 China Leisure Boat Market by Type, 2019 - 2022, USD Million
TABLE 34 China Leisure Boat Market by Type, 2023 - 2030, USD Million
TABLE 35 Japan Leisure Boat Market, 2019 - 2022, USD Million
TABLE 36 Japan Leisure Boat Market, 2023 - 2030, USD Million
TABLE 37 Japan Leisure Boat Market by Product, 2019 - 2022, USD Million
TABLE 38 Japan Leisure Boat Market by Product, 2023 - 2030, USD Million
TABLE 39 Japan Leisure Boat Market by Motorized Type, 2019 - 2022, USD Million
TABLE 40 Japan Leisure Boat Market by Motorized Type, 2023 - 2030, USD Million
TABLE 41 Japan Leisure Boat Market by Type, 2019 - 2022, USD Million
TABLE 42 Japan Leisure Boat Market by Type, 2023 - 2030, USD Million
TABLE 43 India Leisure Boat Market, 2019 - 2022, USD Million
TABLE 44 India Leisure Boat Market, 2023 - 2030, USD Million
TABLE 45 India Leisure Boat Market by Product, 2019 - 2022, USD Million
TABLE 46 India Leisure Boat Market by Product, 2023 - 2030, USD Million
TABLE 47 India Leisure Boat Market by Motorized Type, 2019 - 2022, USD Million
TABLE 48 India Leisure Boat Market by Motorized Type, 2023 - 2030, USD Million
TABLE 49 India Leisure Boat Market by Type, 2019 - 2022, USD Million
TABLE 50 India Leisure Boat Market by Type, 2023 - 2030, USD Million
TABLE 51 South Korea Leisure Boat Market, 2019 - 2022, USD Million
TABLE 52 South Korea Leisure Boat Market, 2023 - 2030, USD Million
TABLE 53 South Korea Leisure Boat Market by Product, 2019 - 2022, USD Million
TABLE 54 South Korea Leisure Boat Market by Product, 2023 - 2030, USD Million
TABLE 55 South Korea Leisure Boat Market by Motorized Type, 2019 - 2022, USD Million
TABLE 56 South Korea Leisure Boat Market by Motorized Type, 2023 - 2030, USD Million
TABLE 57 South Korea Leisure Boat Market by Type, 2019 - 2022, USD Million
TABLE 58 South Korea Leisure Boat Market by Type, 2023 - 2030, USD Million
TABLE 59 Singapore Leisure Boat Market, 2019 - 2022, USD Million
TABLE 60 Singapore Leisure Boat Market, 2023 - 2030, USD Million
TABLE 61 Singapore Leisure Boat Market by Product, 2019 - 2022, USD Million
TABLE 62 Singapore Leisure Boat Market by Product, 2023 - 2030, USD Million
TABLE 63 Singapore Leisure Boat Market by Motorized Type, 2019 - 2022, USD Million
TABLE 64 Singapore Leisure Boat Market by Motorized Type, 2023 - 2030, USD Million
TABLE 65 Singapore Leisure Boat Market by Type, 2019 - 2022, USD Million
TABLE 66 Singapore Leisure Boat Market by Type, 2023 - 2030, USD Million
TABLE 67 Malaysia Leisure Boat Market, 2019 - 2022, USD Million
TABLE 68 Malaysia Leisure Boat Market, 2023 - 2030, USD Million
TABLE 69 Malaysia Leisure Boat Market by Product, 2019 - 2022, USD Million
TABLE 70 Malaysia Leisure Boat Market by Product, 2023 - 2030, USD Million
TABLE 71 Malaysia Leisure Boat Market by Motorized Type, 2019 - 2022, USD Million
TABLE 72 Malaysia Leisure Boat Market by Motorized Type, 2023 - 2030, USD Million
TABLE 73 Malaysia Leisure Boat Market by Type, 2019 - 2022, USD Million
TABLE 74 Malaysia Leisure Boat Market by Type, 2023 - 2030, USD Million
TABLE 75 Rest of Asia Pacific Leisure Boat Market, 2019 - 2022, USD Million
TABLE 76 Rest of Asia Pacific Leisure Boat Market, 2023 - 2030, USD Million
TABLE 77 Rest of Asia Pacific Leisure Boat Market by Product, 2019 - 2022, USD Million
TABLE 78 Rest of Asia Pacific Leisure Boat Market by Product, 2023 - 2030, USD Million
TABLE 79 Rest of Asia Pacific Leisure Boat Market by Motorized Type, 2019 - 2022, USD Million
TABLE 80 Rest of Asia Pacific Leisure Boat Market by Motorized Type, 2023 - 2030, USD Million
TABLE 81 Rest of Asia Pacific Leisure Boat Market by Type, 2019 - 2022, USD Million
TABLE 82 Rest of Asia Pacific Leisure Boat Market by Type, 2023 - 2030, USD Million
TABLE 83 Key Information – Bombardier recreational products (brp) inc.
TABLE 84 Key Information – brunswick corporation
TABLE 85 Key Information – marine products corporation
TABLE 86 Key Information – Ferretti S.p.A.
TABLE 87 Key Information – avon marina
TABLE 88 Key Information – Azimut benetti group
TABLE 89 Key Information – Fountain Powerboats Group
TABLE 90 Key Information – Bavaria yachtbau
TABLE 91 Key Information – Farr Yacht Design Ltd.
TABLE 92 Key Information – Sunseeker international
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Leisure Boat Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Leisure Boat Market
FIG 4 Porter’s Five Force Analysis: Leisure Boat Market
FIG 5 Asia Pacific Leisure Boat Market share by Product, 2022
FIG 6 Asia Pacific Leisure Boat Market share by Product, 2030
FIG 7 Asia Pacific Leisure Boat Market by Product, 2019 - 2030, USD Million
FIG 8 Asia Pacific Leisure Boat Market share by Type, 2022
FIG 9 Asia Pacific Leisure Boat Market share by Type, 2030
FIG 10 Asia Pacific Leisure Boat Market by Type, 2019 - 2030, USD Million
FIG 11 Asia Pacific Leisure Boat Market share by Country, 2022
FIG 12 Asia Pacific Leisure Boat Market share by Country, 2030
FIG 13 Asia Pacific Leisure Boat Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT ANALYSIS: Bombardier recreational products (brp) inc.
FIG 15 Recent strategies and developments: Brunswick Corporation
FIG 16 SWOT ANALYSIS: brunswick corporation
FIG 17 SWOT ANALYSIS: marine products corporation
FIG 18 SWOT ANALYSIS: FERRETTI S.P.A.
FIG 19 SWOT ANALYSIS: Azimut benetti group
FIG 20 SWOT ANALYSIS: FOUNTAIN POWERBOATS GROUP
FIG 21 SWOT ANALYSIS: Bavaria yachtbau
FIG 22 SWOT ANALYSIS: Farr Yacht Design Ltd.
FIG 23 SWOT ANALYSIS: Sunseeker international