According to a new report, published by KBV research, The Global Leisure Boat Market size is expected to reach $61.7 billion by 2030, rising at a market growth of 5.2% CAGR during the forecast period.
The Motorized segment acquired the maximum revenue in the Global Leisure Boat Market by Product in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $54 billion by 2030. One of the various outdoor recreational activities that are well-liked worldwide is boating. As more individuals explore ways to engage with nature and use their free time actively and adventurously, the demand for motorized leisure boats is growing. Motorized leisure boats offer a captivating and exciting way to experience the vast seas and alternatives for other water activities, including fishing, water sports, and cruising.
The New segment is registering a CAGR of 7.4% during (2023 - 2030). The segment is expanding due to factors like the rising use of cutting-edge technology, including smart sensors, artificial intelligence (AI), and the Internet of Things (IoT), as well as the availability of flexible financing alternatives provided by boat manufacturers. A new leisure boat is often purchased directly from the manufacturer. It is intact and in excellent condition.
The North America market dominated the Global Leisure Boat Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $26.1 billion by 2030. The Asia Pacific market is poised to grow at a CAGR of 5.9% during (2023 - 2030). Additionally, The Europe market would witness a CAGR of 4.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/leisure-boat-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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)
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