Leisure Boat Market is expected to grow at a CAGR of 7.8% throughout the forecast period, to reach USD 68.77 Bn. by 2029.
Leisure Boat Market Overview:
Extensive Leisure Boat Market analysis is carried out by attentively monitoring important product positioning and the market framework's top competitors. Key competitors are profiled and their tactics are extensively examined to grasp the competitive perspective of the global Leisure Boat market.
Leisure Boat Market Dynamics:
Growth in disposal income of people in developing nations resulted in development in recreational activities, which is expected to grow demand for the leisure boats. Expansion in the tourism sector is expected to increase the demand for leisure boats, directly creating substantial opportunities for leisure boat engine manufacture. Implementation and development of advanced technology to drive customers attention, marine coastal tourism are gaining popularity among the enthusiast tourist and are the major factors which help to drive the leisure boat market during the forecast period. Increase in usage of leisure boat for a family outing, fishing activities is also a major factor increasing the demand for leisure boat.
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Market Scope:
This research on the Leisure Boat industry is based on a thorough examination of the market, supported by secondary and primary sources. Market volume is determined by a country-by-country model mapping of Leisure Boat utilizing internal and external private information, as well as relevant patent and regulatory sources.
Leisure Boat Market Segmentation:
Based on product, the leisure boat market is segmented into Bowrider, Catamaran, Cruiser, Pontoon, Yacht, Sailboat, Others. The cruiser segment is expected to grow at a CAGR during the forecast period as growth in cursing is banned by many nations around the world. By type, the leisure boat engine market is segmented into Motorized Boats, Non-Motorized Boats. The motorized boats segment is expected to grow at highest CAGR of during the forecast period.
Leisure Boat Market Key Players:
A team of research professionals updates and amends our data regularly to reflect the most recent trends and facts. To fulfill the needs of both individual and corporate clients, we have substantial competence in research and consulting for a wide range of business disciplines. Our knowledgeable staff uses proprietary data sources as well as a range of additional approaches. The key players in the Leisure Boat business are...
• Avon Marine
• Azimut Benetti Group
• Baja Marine
• Bavaria Yachtbau GmbH
• Bombardier Recreational Products (BRP) Inc.
• Brunswick Corporation
• Chaparral Boats, Inc.
• Farr Yacht Design, Ltd.
• Ferretti S.P.A.
• Fountain Powerboats, Inc.
Regional Analysis:
The study presents regional competitive circumstances. These insights help market participants improve their approaches and provide new opportunities to achieve amazing results.
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COVID-19 Impact Analysis on Leisure Boat Market:
The spread of the COVID-19 pandemic has had a wide-ranging influence on people's lives all around the world. Markets have been forced to adopt new norms, trends, and tactics as a result. Essentially, the study report tries to paint a picture of the market's initial and future projections.
Key Questions Answered in the Leisure Boat Market Report are:
- What will be the CAGR of the Leisure Boat market during the forecast period?
- Which segment emerged as the leading segment in the Leisure Boat market?
- Which are the prominent players in the Leisure Boat market?
- What will be the Leisure Boat market size by 2027?
- Which company held the largest share in the Leisure Boat market?
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