Leisure Boat Market is expected to grow at a CAGR of 7.8% throughout the forecast period, to reach US$ 68.77 Bn. by 2029.

Leisure Boat Market Overview:

The Leisure Boat Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Leisure Boat Market, as well as the causes for variances in the industry’s growth in various places

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Leisure Boat Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

Leisure Boat Market Drivers:

Growth in disposal income of people in developing nations resulted in development in recreational activities, which is expected to grow demand for the leisure boats. Expansion in the tourism sector is expected to increase the demand for leisure boats, directly creating substantial opportunities for leisure boat engine manufacture.

Implementation and development of advanced technology to drive customers attention, marine & coastal tourism are gaining popularity among the enthusiast tourist and are the major factors which help to drive the leisure boat market during the forecast period. Increase in usage of leisure boat for a family outing, fishing activities is also a major factor increasing the demand for leisure boat.

Leisure Boat Market Market Segmentation:

By Product

Internal Combustion Engine (ICE)
Hybrid
Electrical

By Type

Sensors
Electronic Control Unit (ECU)
Actuators
Other

By Propulsion System

Light Commercial vehicle
Heavy Commercial vehicle
Passenger vehicle

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Leisure Boat Market Key Players: The key players are

• Avon Marine
• Azimut Benetti Group
• Baja Marine
• Bavaria Yachtbau GmbH
• Bombardier Recreational Products (BRP) Inc.
• Brunswick Corporation
• Chaparral Boats, Inc.
• Farr Yacht Design, Ltd.
• Ferretti S.P.A.
• Fountain Powerboats, Inc.

Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Leisure Boat Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

Key Questions Answered in the Leisure Boat Market Report are:

Which sub-segment had the largest share in the Leisure Boat Market?

How is the competitive landscape of the Leisure Boat Market in 2023?

Which are the key drivers impacting the Leisure Boat Market growth?

Which region holds the maximum share in the Leisure Boat Market?

What will be the CAGR of the Leisure Boat Market during the forecast period (2023-2029)?

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