How Big is the Leisure Boat Market | Growth & Share 2031

What is the size of Leisure Boat Market?

Leisure Boat Market is predicted to grow steadily in the coming years with growth drivers including increasing popularity of recreational marine tourism, rising disposable incomes globally, and technological enhancements in boat manufacturing and onboard amenities.

Key Growth Drivers of the Leisure Boat Market

• Growing consumer interest in marine recreation and water-based tourism
• Increased spending on luxury experiences and personal leisure assets
• Expansion of marina infrastructure and boating clubs across coastal regions
• Technological integration such as GPS, IoT, and electric propulsion systems
• Favourable government policies promoting domestic tourism and boating safety

Leisure Boat Market Trends

Leisure boat market is transferring over the past few years with robust trends such as rising shift towards sustainable and electric-powered vessels catering to eco-conscious consumers. The demand for smart boats is increasing with connected navigation, entertainment, and maintenance systems. Further, modular designs, increased use of lightweight materials, and customizable interiors are driving the premium purchases, especially in the yacht and cruiser segments.

Emerging Developments in the Leisure Boat Market

Leisure market is developing in the recent years with the introduction of autonomous navigation systems and hybrid propulsion boats designed for reduced emissions. Excluding these, compact trailer able boats for inland recreation are gaining popularity. Also, the subscription-based boat ownership and shared economy models are emerging, especially among urban and younger consumers. Moreover, the AI-based predictive maintenance and virtual boat tours are also being adopted.

List of Leading Companies in the Leisure Boat Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Brunswick Corporation

This company offers the broad range of recreational boats, marine engines, and related technologies under brands like Sea Ray and Bayliner.

2. Groupe Beneteau

This company manufactures sailing yachts, motorboats, and luxury cruisers through multiple sub-brands which cater to global recreational markets.

3. Malibu Boats, Inc.

This company is especially known for their high-performance towboats and water sports boats including wakeboard and ski boats.

4. Azimut Benetti Group

This company manufactures the luxury yachts and mega yachts and is a global leader in design, customization, and innovation.

5. MasterCraft Boat Company

This company offers premium performance boats for wakeboarding, water skiing, and recreational boating with advanced onboard tech.

6. Ferretti Group

This company is one of the oldest companies who designs and builds luxury motor yachts through brands like Riva, Pershing, and Ferretti Yachts.

7. Yamaha Motor Co., Ltd.

This company produces motorboats, outboard engines, and personal watercraft, serving a wide leisure marine customer base.

8. Polaris Inc.

This company manufactures recreational boats under brands such as Godfrey, Hurricane, and Bennington, known for pontoons and deck boats.

How Big is the Leisure Boat Market : FAQs