Market Overview:
A leisure boat is a craft used for personal, family, tourism and numerous activities such as sailing, racing, fishing, campaigning, and other water sports game. Leisure boat market is growing owing to increasing marine infrastructure, recreational boating activities, and others. Increasing disposable income in developing countries and growing tourism are acting as a major driving factor for the leisure boat market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Avon Marine (United Kingdom), Azimut Benetti S.P.A. (Italy), Baja Marine (United States), Bavaria Yachtbau GmbH (Germany), Bombardier Recreational Products (BRP) Inc. (Canada), Brunswick Corporation (United States), Farr Yacht Design Ltd. (United States), Groupe Beneteau (France), Yamaha Motor Company Limited. (Japan), Ferretti S.P.A. (Italy) and Johnson Outdoors Watercraft (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Leisure Boats Market Study:
Avon Marine (United Kingdom), Azimut Benetti S.P.A. (Italy), Baja Marine (United States), Bavaria Yachtbau GmbH (Germany), Bombardier Recreational Products (BRP) Inc. (Canada), Brunswick Corporation (United States), Farr Yacht Design Ltd. (United States), Groupe Beneteau (France), Yamaha Motor Company Limited. (Japan), Ferretti S.P.A. (Italy) and Johnson Outdoors Watercraft (United States)
Leisure Boats Market Segment Analysis
Scope | Sub-Segments |
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Type | Outboard boats, Inboard boats, Sterndrive boats, Sail boats, Personal watercrafts and Others |
Equipment | Boat and Yacht Monitoring Solutions,IoT Sensors (Water Detection Sensor, Voltage Meter, Temperature and Motion Sensor, Others),Telematics Solutions,Others |
Motorized/Power Boats | Personal Watercrafts,Outboard Boats,Yacht,Others |
Non-Motorized Boats | Kayaks,Canoes,Others |
Influencing Trend:
Increasing Popularity of Marine Sporting Events and Recreational Boating Activities and Rising Demand for Salt Water Fishing Boats
Market Growth Drivers:
Integration of IoT, Smart Sensors and GPS Mapping In Leisure Boats and Growing Tourism and Rising Disposable Income in Developing Economies
Challenges:
Enable To Use in Adverse Weather Conditions and Concerns Regarding Reparability of Leisure Boats
Restraints:
High Cost Associated With Leisure Boats and High Initial Investment Associate to Leisure Boats
Opportunities:
Technological Development and Product Innovation, Increasing Demand from Emerging Economies and Development in Materials Used For Leisure Boats Production
Some of the other players that are also part of study are MasterCraft (United States), Malibu Boats (United States) and Marine Products Corporation (United States). The Global Leisure Boats market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
2nd August 2018, Bombardier Recreational Products acquires Manitou Inc. manufacture of leisure, luxury, and performance pontoon boats. and 28th June 2018, Bombardier Recreational Products acquires Alumacraft Boat Co. a manufacturer of aluminum fishing boats.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Leisure Boats market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Leisure Boats market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Leisure Boat, Engine Manufacturers, Trade & Service Providers, Equipment Manufacturers, Research and Development Companies, Market Research and Consulting Firms, Government Agencies and Industry Associations, Distributors and Suppliers of Leisure Boat, Associations, Organizations, Forums and Alliances Related To Leisure Boat and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.