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Written by Business News » Updated on: January 06th, 2025
IMARC Group, a leading market research company, has recently released a report titled “Leisure Boat Market Report by Type (New Leisure Boat, Used Leisure Boat, Monitoring Equipment), and Region 2025-2033”. The study provides a detailed analysis of the industry, including the leisure boat market share, growth, trends, size and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global leisure boat market size reached USD 46.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 62.6 Billion by 2033, exhibiting a growth rate (CAGR) of 3.23% during 2025-2033.
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Factors Affecting the Growth of the Leisure Boat Industry:
Growing Interest in Eco-Friendly Boats
The leisure boat market is shifting towards eco-friendly options. Rising environmental concerns are driving this change. Consumers now seek boats that reduce their ecological impact. Technological advances have made electric and hybrid boats available. These boats offer lower emissions and costs. Manufacturers are responding by blending luxury with sustainability. They invest in research to innovate. Government regulations also play a role. They promote cleaner boating, making eco-friendly boats essential for many. This trend is expected to shape buying decisions. It will lead eco-conscious consumers to prefer sustainable boats over traditional ones.
Increasing Popularity of Water-Based Recreational Activities
The leisure boat market is booming. More people are enjoying water activities like fishing, sailing, and water sports. They seek outdoor experiences that promote both fitness and relaxation. This demand for leisure boats goes beyond traditional uses. It's especially strong among millennials and younger generations. They value experiences more than material things. Social media fuels this trend. People share their boating adventures online, inspiring others. As a result, manufacturers are expanding their products. They're creating versatile boats for various recreational uses. This surge in water activities will drive market growth. Consumers are investing in boats that enhance their leisure time.
Technological Advancements and Smart Features
Technology is transforming the leisure boat market. Smart features now enhance the boating experience. Innovations like GPS navigation, automated systems, and onboard entertainment are standard in new models. These technologies improve safety and convenience. They also attract tech-savvy consumers seeking modern amenities. Mobile apps let boaters monitor and control their vessels remotely, boosting user engagement. As technology evolves, the market will see more advanced features. These will cater to consumer demands for connectivity and convenience. This trend will attract new customers and encourage existing boat owners to upgrade. Ultimately, it will stimulate market growth.
Speak to An Analyst: https://www.imarcgroup.com/request?type=report&id=3658&flag=C
Leisure Boat Market Report Segmentation:
Breakup by Type:
The used leisure boat segment dominates the market due to factors like wider choice, quicker ownership, potential for upgraded features at a lower cost, and the convenience of online resale platforms.
Breakup by Region:
North America dominates the leisure boat market due to high disposable income, a strong boating culture, well-developed infrastructure, and favorable regulations.
Global Leisure Boat Market Trends in 2025:
The leisure boat market will change significantly in the next few years. This growth is driven by shifting consumer preferences and new technologies. By 2025, many will want boats that match their lifestyles. Advances in manufacturing will simplify the design and production of these custom vessels. Smart technology will also be crucial. Consumers will seek boats with advanced navigation, entertainment, and connectivity features. Sustainability will remain important too. Eco-friendly materials and designs will attract environmentally conscious buyers. By 2025, the market will innovate to meet diverse consumer needs.
Top Companies Operated in Leisure Boat Industry:
Key Highlights of the Report:
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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