Leisure Boat Industry Overview

The global leisure boat market size was valued at USD 42.57 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.73% from 2022 to 2030. 

The rising disposable income of citizens and flourishing tourism sector in emerging economies, such as Brazil and China, are some of the key factors escalating the market growth. Furthermore, the growing participation of people in recreational and competitive boating activities worldwide is estimated to provide an upthrust to market growth. Besides, advancements in technologies leading to the introduction and adoption of connected boats are projected to fuel market growth over the forecast period. The market consists of boat manufacturers, engine manufacturers, independent dealers, service providers, and equipment manufacturers.

Gather more insights about the market drivers, restrains and growth of the Global Leisure Boat Market