Leisure Boats Market - A USD 42 Billion opportunity by 2026

Global leisure boats market may register around USD 42 billion by 2026. This growth can be attributed to rising product adoption in pleasure & recreational boating activities along with the presence of various key industry players in Europe and North America.

Robust advancements in the tourism sector and rising inclination of travelers to coastal tourist destinations could augment new growth strides in the leisure boats market. Despite numerous challenges faced due to the ongoing COVID-19 pandemic, which includes government restrictions on international and domestic trade, the leisure boats industry is anticipated to rise steadily owing to leniency in lockdown restrictions.

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Companies operating in the leisure boats market are developing advanced products. For instance, in 2019, Telit, a global IoT provider, announced a partnership with vessel tracking firm Boatrax for the creation of an innovative, Smart IoT boat monitoring solution that enables real-time monitoring and aggregation of key data about boat performance and owner behavior.

Bowrider leisure boats are expected to witness significant adoption over the forecast timeframe. Bowrider boats are available in an extensive range of options, ranging from 18 feet to 35 feet, and are also found in the form of hybrid fish-and-ski models.

Gasoline leisure boats market is projected to grow substantially on the back of their significantly lower price in comparison to diesel and hybrid boats. Gasoline has a higher power to weight ratio than diesel. Gasoline leisure boats need less maintenance as well as experience less wear and tear of the engine parts than their diesel counterparts.

Considering growing product demand, technology providers are working on new product launches for integration with leisure boats. They are also building strategic partnerships with other companies in order to enhance their market position. Active players in the leisure boats industry include Boatrax, Malibu Boats Inc., Beneteau Group, Azimut Yachts, Ferretti S.p.A, and Marine Products Corporation.

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Partial Chapter of the Table of Content

Chapter 6   Leisure Boats Market, By Type (Revenue & Shipment)

6.1    Key trends by type

6.2    Motorized boats

6.2.1    Market estimates and forecast, 2016 - 2026

6.3    Non-motorized boats

6.3.1    Market estimates and forecast, 2016 – 2026

Chapter 7   Leisure Boats Market, By Propulsion System (Revenue & Shipment)

7.1    Key trends by propulsion system

7.2    Diesel

7.2.1    Market estimates and forecast, 2016 - 2026

7.3    Gasoline

7.3.1    Market estimates and forecast, 2016 – 2026

7.4    Electric/ Hybrid

7.4.1    Market estimates and forecast, 2016 – 2026

7.5    Sail drive

7.5.1    Market estimates and forecast, 2016 - 2026

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