Leisure Boat Market: Segmentation, Industry Trends and Development to 2028

Report Description

A recent market intelligence report that is published by Data Insights Partner on the global Leisure Boat Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Leisure Boat Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Leisure Boat Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Leisure Boat Market `is offered. In accordance with the report, the global Leisure Boat Market is projected to expand at a CAGR of 4.3% over the period of forecast.

Market Insight, Drivers, Restraints& Opportunity of the Market:

Leisure Boat is a sort of boat that consists of settlement facilities for a variety of purpose like recreation, vacation, tourisms and many more. The surging disposable income in the hands of the people and their rising indulgence in recreational activities, water-based activities like fishing, diving and the flourishing touristry industry is primarily driving the growth of the leisure boat market. The shifting pattern of lifestyle like boat-based residence on different lakes, renting or living by the beaches especially in many developed countries will have a positive impact on the growth of this market. The growing popularity of water-based activities among the adults as well as young population is growth prospect for this market. The growing population is aiding the growth of this market. The advancement in technology has propelled the growth of the leisure boat market. The incorporation of smart sensors and IoT in the building process of these boats has enhanced the safety of the boats and increased its usage. The affordability of boats owing to the use of modified material is fueling the growth of the leisure boat market. The growth in the demand of customized boats without trading off technical application with visual aesthetics is also fueling this market. Apart from tourism, leisure boats can also be used for commercial purpose. The indulgence of the corporate sector in client entertainment and get togethers coupled with their rising disbursement in this field is empowering the growth of this market. Also, the stimulant provided the government to promote tourism is powering the growth of this market. For example, the Government of India has taken incentives to promote tourism of its different states through advertisement in different television channels as well as youtube channels has led to the growth of tourists in India.

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The skyrocketing initialism capital Investment is hampering the growth of the leisure boat market. The rising operational and maintenance cost of these boats is also disrupting the growth of this market. Finally, the growing environmental concern and the incentives undertaken to protect it is contrary to water pollution created by the increasing application of leisure boats. This factor is also hindering the growth of the leisure boat market.

The leisure boat industry has tremendous growth potential owing to the amalgamation of a variety of factors like rising population, robust increase in disposable income, changing lifestyle and rising tourism. The growth of technological breakthrough and its application is likely to be good chance for this market. The integration of hybrid technologies in the leisure boats is a great opportunity for this market. Apart from these, the promoting schemes undertaken by the government is a great opportunity to unfurl the Leisure boat market.

Segment Covered:

This market intelligence report on the global Leisure Boat Market encompasses market segments based on new leisure boat, used leisure boat, equipment, and country/regions.

By new leisure boat, the global Leisure Boat Market is segregated into,

 

o   Motorized/power boats

  • Personal watercraft
  • Outboard boats
  • Yachts

Ø    Yacht Type

  • Superyachts
  • Flybridge yachts
  • Sport yachts
  • Long-range yachts
  • Others

Ø  Yacht Length

  • Up to 20 ft.
  • 20-50 ft
  • Above 50 ft.
  • Other

o   Non-motorized boats

  • Kayaks
  • Canoes
  • Others

By used leisure boat, the global Leisure Boat Market is classified into,

 

o   Motorized/power boats

  • Personal watercraft
  • Outboard boats
  • Yachts

Ø    Yacht Type

  • Superyachts
  • Flybridge yachts
  • Sport yachts
  • Long-range yachts
  • Others

Ø  Yacht Length

  • Up to 20 ft.
  • 20-50 ft
  • Above 50 ft.
  • Other

o   Non-motorized boats

  • Kayaks
  • Canoes
  • Others

By equipment, the global Leisure Boat Market is segmented into,

o   Boat and yacht monitoring solutions

o   IoT sensors

  • Water detection sensors
  • Voltage meters
  • Temperature and motion sensors
  • Others

o   Telematics solutions

o   Others

By country/region, the global Leisure Boat Market has been divided into,

  • North America (the U.S., Canada),
  • Latin America (Brazil, Mexico, Argentina and other countries),
  • Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
  • Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
  • Middle East and Africa (GCC, South Africa, Israel and Other countries).

Profiling of Market Players:

This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as

  • Groupe Beneteau
  • Farr Yacht Design Ltd
  • Brunswick Corporation
  • BRP Inc
  • Bavaria Yachtbau GmbH
  • Baja Marine
  • Azimut Benetti S.p.A
  • Avon Marine
  • MASTERCRAFT
  • Johnsons Outdoor Watercraft
  • Yamaha Motor Company Ltd
  • Ferretti S.p.A

Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Leisure Boat Market related investment & spending and developments by major players of the market are tracked in this global report.

Report Highlights:

In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.

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Salient Features:

Ø This study offers comprehensive yet detailed analysis of the Leisure Boat Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year

Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market

Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook

Ø Profiling of key market players in the world Leisure Boat Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview

Ø Leading market players covered this report comprise names such as Ferretti S.p.A., Yamaha Motor Company Ltd., Johnson Outdoor Watercraft, MASTERCRAFT, Avon Marine, Baja Marine and many more.

Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation

Ø The world market for Leisure Boat caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Leisure Boat Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants

Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports

Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation

Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion

Reasons to buy:

v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Leisure Boat Market

v Identification of key factors driving investment opportunities in the Leisure Boat Market

v Facilitate decision-making based on strong historic and forecast data

v Position yourself to gain the maximum advantage of the industry’s growth potential

v Develop strategies based on the latest regulatory events

v Identify key partners and business development avenues

v Respond to your competitors’ business structure, strategy and prospects

v Identify key strengths and weaknesses of important market participants

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