Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Type (Outboard, Inboard, PWC, Others), By Application (Fishing, Watersports, Sailing, Others), By Power (Engine-Powered Boats, Sail-Propelled Boats) And Competitive Landscape
Product Code: ETC057411 | Publication Date: May 2021 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Asia Pacific Boat Market |
Forecast period | 2025-2031 |
Forecast Size | USD 2.5 billion by 2031 |
CAGR | 5.5% |
Growing Sector | electric boat |
The Asia Pacific Boat Market report thoroughly covers the market by type, application, power, and country. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The market is projected to reach approximately USD 2.5 billion by 2031, growing at a steady compound annual growth rate (CAGR) of around 5.5% during the forecast period. This growth is driven by increasing demand for recreational activities, such as fishing, watersports, and sailing, coupled with advancements in boat technology. Key contributors include China, India, and Japan, benefiting from rising leisure spending and coastal tourism development.
The Asia Pacific boat market is steadily expanding, fueled by advancements in boat technology and increasing demand across various sectors. These include outboard, inboard, and personal watercraft (PWC) categories, which are extensively used for activities such as fishing, watersports, and sailing. As recreational activities and water tourism grow, so does the demand for reliable and efficient boats.
According to 6Wresearch, the Asia Pacific Boat Market revenue is expected to grow significant CAGR of 5.5% during the forecast period 2025-2031. The Boat Market in Asia Pacific is experiencing robust growth due to the rising popularity across various applications such as fishing, watersports and sailing, propelled by increasing recreational spending and growing interest in water activities. Advances in boat technology and the increasing inclination for sustainable and enduring products are fueling this growth. As demand becomes diverse and sophisticated, the market is observing a steady upsurge in demand for various types of boats, such as Outboard, Inboard, and PWC. This trend underlines the key role of technological innovation in meeting the evolving needs of the market, further boosting Asia Pacific Boat Market growth. While the outlook is positive, challenges such as the high cost of premium boats and limited awareness of technological advancements persist. Nonetheless, opportunities abound due to increasing emphasis on sustainable and safe boating equipment, alongside government initiatives promoting local production.
The Asia-Pacific Boat Market features several distinguished players contributing to its growth and technological progression. These industry leaders are known for their extensive product range and pioneering solutions tailored to the varied needs of the region. Their commitment to enhancing boating experiences has solidified their hold in the market. Some of the prominent players in this market include Brunswick Corporation, Yamaha Motor Co., Ltd., Azimut Benetti Group, HanseYachts AG, and Riviera Australia. These players are continuously expanding their product portfolios and investing in research and development to address the evolving demands of the market.
In the Asia Pacific market, governments have implemented regulations intended to promote modernization and sustainability of the boating industry. These regulations focus on the use of eco-friendly boats, adherence to environmental standards, and improving access to advanced boat equipment. For instance, the Indian government introduced a policy in 2019 to boost local boat production and promote the use of electric boats for inland water transportation. tandards ensure product quality and performance for both recreational and professional activities, fostering a safer and more sustainable boating environment.
The Asia Pacific boat industry's future looks promising, fueled by the rising demand for sustainable practices and advanced boating solutions. Innovations in product designs and manufacturing techniques, along with the growing integration of technology in boating, are expected to meet the mounting demand for advanced solutions. Moreover, the region's growing economic prosperity and rising consumer spending on leisure activities will continue to drive demand for recreational boating. With the support of favorable government initiatives and a focus on eco-friendly practices, the Asia Pacific Boat Market is set to witness significant growth in the coming years.
The report offers a comprehensive study of the subsequent market segments and their leading categories
According to Ravi Bhandari, Research Head, 6Wresearch, Outboard boats are widely preferred for their efficiency and versatility in fishing and watersports. Meanwhile, inboard boats are gaining popularity for their higher power capabilities and suitability for larger vessels.
Fishing is the dominant application in the Asia Pacific boat market due to the high demand for durable boats in both recreational and commercial fishing activities.
Engine-powered boats lead the market owing to their high performance and efficiency. However, eco-friendly sail-propelled boats are also gaining traction among enthusiasts.
China is a key player in the Asia Pacific boat market, driven by robust recreational and professional boating activities. Other significant contributors include India, Japan, and Australia, supported by technological investments and expanding leisure sectors.
The market report has been segmented and sub segmented into the following categories:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Boat Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Boat Market Revenues & Volume, 2021 & 2031F |
3.3 Asia Pacific Boat Market - Industry Life Cycle |
3.4 Asia Pacific Boat Market - Porter's Five Forces |
3.5 Asia Pacific Boat Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Asia Pacific Boat Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Asia Pacific Boat Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Asia Pacific Boat Market Revenues & Volume Share, By Power, 2021 & 2031F |
4 Asia Pacific Boat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Boat Market Trends |
6 Asia Pacific Boat Market, 2021 - 2031 |
6.1 Asia Pacific Boat Market, Revenues & Volume, By Type, 2021 - 2031 |
6.2 Asia Pacific Boat Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3 Asia Pacific Boat Market, Revenues & Volume, By Power, 2021 - 2031 |
7 China Boat Market, 2021 - 2031 |
7.1 China Boat Market, Revenues & Volume, By Type, 2021 - 2031 |
7.2 China Boat Market, Revenues & Volume, By Application, 2021 - 2031 |
7.3 China Boat Market, Revenues & Volume, By Power, 2021 - 2031 |
8 India Boat Market, 2021 - 2031 |
8.1 India Boat Market, Revenues & Volume, By Type, 2021 - 2031 |
8.2 India Boat Market, Revenues & Volume, By Application, 2021 - 2031 |
8.3 India Boat Market, Revenues & Volume, By Power, 2021 - 2031 |
9 Japan Boat Market, 2021 - 2031 |
9.1 Japan Boat Market, Revenues & Volume, By Type, 2021 - 2031 |
9.2 Japan Boat Market, Revenues & Volume, By Application, 2021 - 2031 |
9.3 Japan Boat Market, Revenues & Volume, By Power, 2021 - 2031 |
10 Australia Boat Market, 2021 - 2031 |
10.1 Australia Boat Market, Revenues & Volume, By Type, 2021 - 2031 |
10.2 Australia Boat Market, Revenues & Volume, By Application, 2021 - 2031 |
10.3 Australia Boat Market, Revenues & Volume, By Power, 2021 - 2031 |
11 Indonesia Boat Market, 2021 - 2031 |
11.1 Indonesia Boat Market, Revenues & Volume, By Type, 2021 - 2031 |
11.2 Indonesia Boat Market, Revenues & Volume, By Application, 2021 - 2031 |
11.3 Indonesia Boat Market, Revenues & Volume, By Power, 2021 - 2031 |
12 Philippines Boat Market, 2021 - 2031 |
12.1 Philippines Boat Market, Revenues & Volume, By Type, 2021 - 2031 |
12.2 Philippines Boat Market, Revenues & Volume, By Application, 2021 - 2031 |
12.3 Philippines Boat Market, Revenues & Volume, By Power, 2021 - 2031 |
13 Thailand Boat Market, 2021 - 2031 |
13.1 Thailand Boat Market, Revenues & Volume, By Type, 2021 - 2031 |
13.2 Thailand Boat Market, Revenues & Volume, By Application, 2021 - 2031 |
13.3 Thailand Boat Market, Revenues & Volume, By Power, 2021 - 2031 |
14 Malaysia Boat Market, 2021 - 2031 |
14.1 Malaysia Boat Market, Revenues & Volume, By Type, 2021 - 2031 |
14.2 Malaysia Boat Market, Revenues & Volume, By Application, 2021 - 2031 |
14.3 Malaysia Boat Market, Revenues & Volume, By Power, 2021 - 2031 |
15 Singapore Boat Market, 2021 - 2031 |
16 Rest of Asia Boat Market, 2021 - 2031 |
16.1 Rest of Asia Boat Market, Revenues & Volume, By Type, 2021 - 2031 |
16.2 Rest of Asia Boat Market, Revenues & Volume, By Application, 2021 - 2031 |
16.3 Rest of Asia Boat Market, Revenues & Volume, By Power, 2021 - 2031 |
17 Asia Pacific Boat Market Key Performance Indicators |
18 Asia Pacific Boat Market - Opportunity Assessment |
18.1 Asia Pacific Boat Market Opportunity Assessment, By Countries, 2021 & 2031F |
18.2 Asia Pacific Boat Market Opportunity Assessment, By Type, 2021 & 2031F |
18.3 Asia Pacific Boat Market Opportunity Assessment, By Application, 2021 & 2031F |
18.4 Asia Pacific Boat Market Opportunity Assessment, By Power, 2021 & 2031F |
19 Asia Pacific Boat Market - Competitive Landscape |
19.1 Asia Pacific Boat Market Revenue Share, By Companies, 2024 |
19.2 Asia Pacific Boat Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |