Report Scope & Overview:

The Leisure Boat Market size was recorded at USD 41.05 Bn in 2022 and is expected to reach USD 62.48 Bn by 2030, and grow at a GAGR of 5.1% over the forecast period of 2023-2030.

The demand for leisure boats is also being driven by a few particular trends. For instance, as more and more people search for upscale recreational opportunities, the market for luxury leisure boats is growing. Due to their lower operating costs and greater environmental friendliness compared to traditional leisure boats, electric boats are also growing in popularity. Manufacturers and consumers are also adopting smart leisure boat technologies at an increasing rate. The performance, convenience, and safety of recreational boats can all be enhanced by these technologies. The overall demand for recreational boats is rising as a result of several factors, such as rising disposable income, an increase in outdoor recreation demand, the popularity of water sports, government support for the recreational boat industry, and the expansion of the selection of luxurious, electric,

Leisure Boat Market Revenue Analysis

The kinds of boats that are in demand are influenced by current recreational trends, such as interest in fishing, water sports, or cruising. Laws governing emissions, waterway access, and boat safety can have an impact on the features and design of recreational boats. Fuel-efficient and electric boat innovations are a result of environmental regulations and consumer demand for eco-friendly options. Features like GPS navigation, sophisticated sonar, and digital control systems are examples of how advances in boat design, materials, and onboard technology have influenced the market's evolution. The age and way of life of prospective boat purchasers influence market patterns. While older consumers might favor larger, more comfortable boats, younger consumers might look for smaller, sportier boats.

The leisure boat industry is characterized by intense competition and is influenced by a confluence of economic, regulatory, and consumer factors. Boat manufacturers, dealerships, marinas, and rental services are some of the industry participants. It's a dynamic market that adapts to shifting consumer preferences and advances in technology. It is also closely related to water-based recreation, coastal development, and tourism.

Market Dynamics;


  • The rise in overall spending on leisure boats.       

Leisure boating is one of the most popular outdoor recreational activities that people are looking for more and more of. It enables people to engage in a range of activities, including swimming, fishing, and water sports, as well as to take in the natural beauty of their surroundings. Recreational boats are necessary for engaging in the growing popularity of water sports like wakeboarding, surfing, and water skiing. One of the primary factors driving the demand for leisure boats is the rising popularity of water sports.


  • The high cost and the high maintenance charges.


  • Technological advancement in the leisure market.   

Boaters can navigate open waters more easily thanks to GPS navigation systems' precise positioning and route planning capabilities. Real-time fish location and depth information is provided by integrated fish finders and chart plotters. Social media, mobile apps, and onboard Wi-Fi systems facilitate communication among boaters and allow access to weather forecasts. Boat systems including lighting, entertainment, and climate control can be controlled with digital control panels and touchscreen interfaces. For improved maneuverability, use bow/stern thrusters and joystick controls.


  • Lack of awareness in the struggling economies.     

Impact of Recession

Consumers typically spend less on luxuries like recreational boats during recessions. The market for recreational boats may decline as a result of this. Boat dealers and manufacturers may see a reduction in sales and profits as a result of the decline in the market for recreational boats. During a recession, banks and other lenders are more likely to tighten their requirements. People may find it more challenging to get financing for the purchase of a recreational boat as a result. The industry may experience layoffs as a result of a drop in sales and profits. If certain boat dealers and manufacturers are unable to withstand the storm, they may be obliged to file for bankruptcy.

Impact of Russia Ukraine War

The conflict may cause delays in the manufacturing process and possibly impact the availability of recreational boats if it interferes with supply chains or impacts the production of boat parts or materials in the area. Economic uncertainty resulting from geopolitical conflicts may cause a decline in consumer confidence and discretionary spending. Leisure boat sales may be impacted by consumer hesitation or delay. Sanctions and trade restrictions placed on Russia or Ukraine may have an effect on international trade, which may have an impact on the import and export of recreational boats and associated equipment. Variations in exchange rates can affect international sales and exports by affecting the price of recreational boats in various locations.

Market Segmentation

By Type

  • New Leisure Boat

  • Used Leisured Boat

By Product

  • Motorized

  • Non-Motorized

Leisure Boat Market Segmentation Analysis

Regional Coverage

North America

  • US

  • Canada

  • Mexico


  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

Key Players

The major key players are Avion Marine, Azimut Benetti Group, Baja Marine, Bavaria Yachtbau GmbH, Chaparral Boats, Ferretti, Fountain Powerboats and others.

Avion Marine-Company Financial Analysis

Regional Analysis:

The leisure boat industry in North America is well-established, with major contributions from both the United States and Canada. Boat ownership is becoming more and more common, with an emphasis on different kinds of boats, such as larger luxury yachts, fishing boats, pontoon boats, and personal watercraft. A robust recreational boating culture, particularly in lake and coastal areas. The following are the main elements propelling the leisure boat market's expansion in North America, Due to their high level of income, people in North America can afford to spend money on recreational pursuits like boating. Leisure boating is one of the most well-liked outdoor activities in North America as people search for more opportunities to spend time outside. Wakeboarding, surfing, and water skiing are among the sports that are becoming more and more popular in North America. To engage in these activities, one needs a leisure boat. Government support for the recreational boat industry: Tax breaks and other forms of incentives are used by governments in North America to support the recreational boat industry.

APAC will be the region with the highest CAGR growth rate due to growing incomes, urbanization, and a growing interest in water-based activities, the leisure boat market is expanding in the Asia-Pacific region. China and Southeast Asian nations are becoming important destinations for recreational boating, encompassing both luxury yachts and personal watercraft.


Leisure Boat Market
Report Attributes Details
Market Size in 2022  US$ 41.05 Bn
Market Size by 2030  US$ 62.48 Bn
CAGR   CAGR of 5.1 % From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data 2019-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (New Leisure Boat, Used Leisured Boat),
• By Product (Motorized, Non-Motorized)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Avion Marine, Azimut Benetti Group, Baja Marine, Bavaria Yachtbau GmbH, Chaparral Boats, Ferretti, Fountain Powerboats 
Key Drivers • The rise in overall spending on leisure boats.
Market Restraints • Lack of awareness in the struggling economies. 


Frequently Asked Questions

Ans:- The market size is expected to reach USD 57.24 billion by 2028.

Ans:- A recreational boat used for tourism and pleasure is known as a leisure boat.

Ans:- New commercial potential & number of boat clubs and memberships are projected to rise are the most promising aspects/opportunities of the leisure boat market.

Ans:- Yes.

Ans:- North American region is anticipated to be the primary driver of the market.



1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 Impact of the Russia-Ukraine War

4.2 Impact of Ongoing Recession

4.2.1 Introduction

4.2.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis


6. Porter’s 5 forces model


7. PEST Analysis


8. Leisure Boat Segmentation, by Type

8.1 Used Leisured Boat

 8.2 New Leisure Boat

9. Leisure Boat Segmentation, by Product

9.1 Motorized

9.2 Non-Motorized

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 North America Leisure Boat by Country

10.2.2North America Leisure Boat by Type

10.2.3 North America Leisure Boat by Product


10.2.4 USA USA Leisure Boat by Type USA Leisure Boat by Product


10.2.5 Canada Canada Leisure Boat by Type Canada Leisure Boat by Product


10.2.6 Mexico Mexico Leisure Boat by Raw Technology Mexico Leisure Boat by Product


10.3 Europe

10.3.1 Eastern Europe Eastern Europe Leisure Boat by Country Eastern Europe Leisure Boat by Type Eastern Europe Leisure Boat by Product Poland Poland Leisure Boat by Type Poland Leisure Boat by Product Romania Romania Leisure Boat by Type Romania Leisure Boat by Product Hungary Hungary Leisure Boat by Type Hungary Leisure Boat by Product Turkey Turkey Leisure Boat by Type Turkey Leisure Boat by Product Rest of Eastern Europe Rest of Eastern Europe Leisure Boat by Type Rest of Eastern Europe Leisure Boat by Product


10.3.2 Western Europe Western Europe Leisure Boat by Country Western Europe Leisure Boat by Type Western Europe Leisure Boat by Product Germany Germany Leisure Boat by Type Germany Leisure Boat by Product France France Leisure Boat by Type France Leisure Boat by Product UK UK Leisure Boat by Type UK Leisure Boat by Product Italy Italy Leisure Boat by Type Italy Leisure Boat by Product Spain Spain Leisure Boat by Type Spain Leisure Boat by Product Netherlands Netherlands Leisure Boat by Type Netherlands Leisure Boat by Product Switzerland Switzerland Leisure Boat by Type Switzerland Leisure Boat by Product Austria Austria Leisure Boat by Type Austria Leisure Boat by Product Rest of Western Europe Rest of Western Europe Leisure Boat by Type Rest of Western Europe Leisure Boat by Product


10.4 Asia-Pacific

10.4.1 Asia Pacific Leisure Boat by Country

10.4.2 Asia Pacific Leisure Boat by Type

10.4.3 Asia Pacific Leisure Boat by Product


10.4.4 China China Leisure Boat by Type China Leisure Boat by Product

10.4.5 India India Leisure Boat by Type India Leisure Boat by Product


10.4.6 Japan Japan Leisure Boat by Type Japan Leisure Boat by Product


10.4.7 South Korea South Korea Leisure Boat by Type South Korea Leisure Boat by Product


10.4.8 Vietnam Vietnam Leisure Boat by Type Vietnam Leisure Boat by Product


10.4.9 Singapore Singapore Leisure Boat by Type Singapore Leisure Boat by Product

10.4.10 Australia Australia Leisure Boat by Type Australia Leisure Boat by Product


10.4.11 Rest of Asia-Pacific Rest of Asia-Pacific Leisure Boat by Type Rest of Asia-Pacific APAC Leisure Boat by Product


10.5 Middle East & Africa

10.5.1 Middle East Middle East Leisure Boat by Country Middle East Leisure Boat by Type Middle East Leisure Boat by Product UAE UAE Leisure Boat by Type UAE Leisure Boat by Product Egypt Egypt Leisure Boat by Type Egypt Leisure Boat by Product Saudi Arabia Saudi Arabia Leisure Boat by Type Saudi Arabia Leisure Boat by Product Qatar Qatar Leisure Boat by Type Qatar Leisure Boat by Product Rest of Middle East Rest of Middle East Leisure Boat by Type Rest of Middle East Leisure Boat by Product


10.5.2 Africa Africa Leisure Boat by Country Africa Leisure Boat by Type Africa Leisure Boat by Product Nigeria Nigeria Leisure Boat by Type Nigeria Leisure Boat by Product South Africa South Africa Leisure Boat by Type South Africa Leisure Boat by Product Rest of Africa Rest of Africa Leisure Boat by Type Rest of Africa Leisure Boat by Product


10.6 Latin America

10.6.1 Latin America Leisure Boat by Country

10.6.2 Latin America Leisure Boat by Type

10.6.3 Latin America Leisure Boat by Product


10.6.4 Brazil Brazil Leisure Boat by Type Brazil Africa Leisure Boat by Product

10.6.5 Argentina Argentina Leisure Boat by Type Argentina Leisure Boat by Product

10.6.6 Colombia Colombia Leisure Boat by Type Colombia Leisure Boat by Product


10.6.7 Rest of Latin America Rest of Latin America Leisure Boat by Type Rest of Latin America Leisure Boat by Product


11 Company Profile

11.1 Avion Marine

11.1.1 Company Overview

11.1.2 Financials

11.1.3 Product/Services Offered

11.1.4 SWOT Analysis

11.1.5 The SNS View

11.2 Azimut Benetti Group

11.2.1 Company Overview

11.2.2 Financials

11.2.3 Product/Services Offered

11.2.4 SWOT Analysis

11.2.5 The SNS View

11.3 Baja Marine

11.3.1 Company Overview

11.3.2 Financials

11.3.3 Product/Services Offered

11.3.4 SWOT Analysis

11.3.5 The SNS View

11.4 Bavaria Yachtbau GmbH

11.4 Company Overview

11.4.2 Financials

11.4.3 Product/Services Offered

11.4.4 SWOT Analysis

11.4.5 The SNS View

11.5 Chaparral Boats

11.5.1 Company Overview

11.5.2 Financials

11.5.3 Product/Services Offered

11.5.4 SWOT Analysis

11.5.5 The SNS View

11.6 Ferretti

11.6.1 Company Overview

11.6.2 Financials

11.6.3 Product/Services Offered

11.6.4 SWOT Analysis

11.6.5 The SNS View

11.7 Fountain Powerboats

11.7.1 Company Overview

11.7.2 Financials

11.7.3 Product/Services Offered

11.7.4 SWOT Analysis

11.7.5 The SNS View

11.8 Others

11.8.1 Company Overview

11.8.2 Financials

11.8.3 Product/Services Offered

11.8.4 SWOT Analysis

11.8.5 The SNS View

12. Competitive Landscape

12.1 Competitive Bench marking

12.2 Market Share Analysis

12.3 Recent Developments

            12.3.1 Industry News

            12.3.2 Company News

            12.3.3 Mergers & Acquisitions

13. USE Cases and Best Practices

14. Conclusion

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The 5 steps process:

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Secondary Research

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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