Leisure Boat Market is expected to Grow with a CAGR of 5.19% through 2030
The leisure boat market is
driven by rising disposable incomes, increasing interest in recreational marine
activities, growing tourism, technological advancements in boat design, and
expanding coastal and waterfront infrastructure development.
According to TechSci Research
report, “Leisure Boat Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Leisure Boat Market was valued at USD 46.33 Billion in 2024 and is expected to reach USD 63.33 Billion by 2030 with a CAGR of 5.19%. The growth of the leisure boat
market is primarily driven by the rising global demand for recreational and
marine tourism activities, as well as increasing disposable incomes and
lifestyle changes that favor outdoor and luxury experiences. As economic
conditions improve across developed and emerging economies, more consumers are
investing in leisure activities such as boating, fishing, sailing, and water
sports, creating a strong demand for various types of leisure boats including
motorboats, sailboats, pontoon boats, and yachts.
Coastal and inland water
tourism has seen significant growth, especially in regions like North America,
Europe, and Asia-Pacific, where favorable climates and scenic destinations
attract both domestic and international tourists. Furthermore, advancements in
boat design and manufacturing technologies—such as lightweight composite
materials, fuel-efficient engines, and smart navigation systems—are making
leisure boats more accessible, efficient, and appealing to a broader range of
consumers. The introduction of electric and hybrid propulsion systems has also
aligned with the growing environmental awareness among consumers, encouraging
the shift toward sustainable boating solutions.
Governments and private
sector players are investing heavily in marina infrastructure, waterfront
developments, and boating-friendly policies to stimulate marine tourism, which
further supports the expansion of the leisure boat market. The rise of boat sharing
platforms and boat clubs is also transforming ownership models, making it more
convenient and affordable for people to access leisure boats without the need
for full ownership, thereby broadening the customer base. The COVID-19 pandemic
has played a paradoxical role, as it initially disrupted the market due to
lockdowns and supply chain challenges, but later fueled interest in private,
socially distanced outdoor activities, with boating emerging as a preferred
leisure option.
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Leisure Boat Market.”
Based on the Power Source,
Internal Combustion Engine segment held
the largest Market share in 2024. The internal combustion engine (ICE) segment
continues to drive significant growth within the leisure boat market due to its
longstanding dominance, widespread availability, and cost-effectiveness,
particularly for consumers seeking high-performance, long-range, and versatile
boating experiences. ICE-powered leisure boats remain popular for recreational
applications such as cruising, fishing, water sports, and sailing, as they
offer proven reliability, easy refueling, and well-established maintenance
infrastructure. Technological advancements in engine design—such as enhanced
fuel efficiency, reduced emissions, better noise control, and integration with
digital monitoring systems—have significantly improved the performance and
environmental compliance of ICE boats, making them more attractive to
environmentally conscious users and regulatory bodies alike.
The global expansion of
recreational boating activities, supported by rising disposable incomes,
growing interest in marine tourism, and increased demand for outdoor leisure
and lifestyle experiences, is bolstering the demand for ICE-powered leisure
vessels, particularly in key markets like North America, Europe, and the
Asia-Pacific. In coastal regions and lakefront areas, the ICE-powered boats
continue to serve as the preferred choice for mid- to large-sized watercraft
due to their superior power output and towing capacity. The aftermarket for ICE
components and accessories also supports sustained demand, with engine
upgrades, maintenance services, and performance enhancements contributing to
long-term value for both manufacturers and consumers. Additionally, the
development of hybrid propulsion systems, which combine ICE with electric
motors, is expanding the application potential of ICE technologies by
addressing environmental concerns while maintaining performance standards. The
presence of a large existing fleet of ICE-powered boats further stimulates
market continuity through regular servicing, engine repowering, and
refurbishment activities.
Government investments in
marina infrastructure, the organization of boating events, and relaxed
regulations in several regions are making leisure boating more accessible,
indirectly reinforcing the demand for ICE boats. Furthermore, industry players
are continually introducing advanced engine models with multi-fuel capabilities
and smart features such as integrated GPS, real-time diagnostics, and
electronic fuel injection, all of which enhance user experience and operational
efficiency. Despite the growing focus on electric and alternative-fuel
propulsion systems, internal combustion engines remain a cornerstone of the
leisure boating market, particularly where power, range, and affordability are
critical factors. The segment’s resilience is further supported by strong brand
loyalty, robust dealer networks, and a wealth of service providers that cater
to ICE-based propulsion systems. As a result, the internal combustion engine
segment is expected to maintain steady growth within the leisure boat market, driven
by ongoing innovation, consumer preference for powerful and proven
technologies, and the expanding global popularity of recreational marine
activities.
Based on region, Asia Pacific
is the fastest growing region in the leisure boat market, driven by rapid
economic development, rising disposable incomes, and a growing interest in
marine and outdoor recreational activities. Countries such as China, India,
Japan, and Australia are experiencing increased demand for leisure boating,
supported by expanding coastal and inland water infrastructure and government
initiatives to promote tourism and water-based sports. The region's large
population base and emerging affluent middle class are fueling sales of small
to mid-sized boats, while luxury yacht demand is also on the rise.
Additionally, marine infrastructure investments and dealership expansion are
further supporting regional market growth.
Major companies operating in
the Global Leisure Boat Market are:
- Chaparral Boats, Inc.
- Farr Yacht Design Ltd.
- Ferretti S.P.A.
- Fountain Powerboats, Inc.
- Brunswick Corporation
- Bennington Marine LLC
- Yamaha Motor Co., Ltd.
- Azimut Benetti Group
- Bavaria Yachtbau GmbH
- Catalina Yachts
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“The Global Leisure Boat
Market is expected to rise in the upcoming years and register a significant
CAGR during the forecast period. The leisure boat market presents substantial
growth opportunities fueled by rising disposable incomes, increasing interest
in outdoor recreational activities, and expanding marine tourism across
developed and emerging economies. Growing demand for personalized and luxury
boating experiences is driving innovation in design and onboard amenities.
Additionally, advancements in propulsion technologies, including hybrid and
electric systems, offer new avenues for eco-friendly boating solutions.
Emerging markets in Asia-Pacific and Latin America present untapped potential
due to increasing coastal infrastructure and boating awareness. Furthermore,
digital transformation, including smart navigation and connectivity features,
is enhancing user experience and creating new revenue streams for manufacturers
and service providers. Therefore, the Market of Leisure Boat is expected to boost
in the upcoming years.,” said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based global management consulting firm.
“Leisure Boat Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Type (New Leisure Boat Equipment, Used Leisure Boat Equipment), By Propulsion Type (Diesel, Gas, Electric / Hybrid, Others), By Power Source (Internal Combustion Engine and Electric), By Region, By Competition, 2020-2030F”, has evaluated the future
growth potential of Global Leisure Boat Market and provides statistics &
information on the Market size, structure, and future Market growth. The report
intends to provide cutting-edge Market intelligence and help decision-makers
make sound investment decisions., The report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in
the Global Leisure Boat Market.
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