Leisure Boats Market Analysis By Emerging Trends Competitive Landscape Forecast To 20276

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.

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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Based on product, the leisure boats market is divided into cruiser, catamaran, bowrider, sailboat, yacht, and pontoon. Of these, the bowrider leisure boats segment is likely to grow over the forecast timeframe owing to increased usage of bowrider boats, as well as the availability of these boats in an extensive range of options, right from 18 to 35 feet. Bowrider boats are also available in hybrid fish-and-ski models.

In terms of propulsion system, the market is bifurcated into gasoline, sail drive, diesel, and electric/hybrid. The gasoline segment is projected to experience steady progress in the upcoming years owing to lower price of gasoline boats, compared to hybrid and diesel boats. Gasoline leisure boats have less wear and tear of engine parts and require less maintenance than their diesel counterparts. Additionally, gasoline has a higher power to weight ratio than diesel. However, diesel leisure boats are also in steady demand, credited to their fuel-efficiency.

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.

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

Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope

1.1    Definitions & forecast parameters

1.1.1    Definitions

1.1.2    Methodology and forecast parameters

1.2    Data Sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2   Executive Summary

2.1    Leisure boats market 360° synopsis, 2016 – 2026

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Type trends

2.1.4    Propulsion system trends

2.1.5    Regional trends

Chapter 3   Leisure Boats Market Insights

3.1    Industry segmentation

3.2    Impact of COVID-19 on leisure boats industry landscape

3.2.1    Global outlook

3.2.2    Regional impact    North America    Europe    Asia Pacific    Latin America    MEA

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