Leisure Boat Market Size, Growth 2023 Global Industry Revenue, Business Demand and Applications Market Research Report to 2032 | Leading Players: Avon Marine; Azimut Benetti S.p.A.; Baja Marine; Bavaria Yachtbau GmbH
The Global Leisure Boat Market 2032 Industry Report is a professional and in-depth study on the current state of the Leisure Boat Market by QMI. The Leisure Boat Market is supposed to demonstrate a considerable growth during the forecast period of 2023-2032. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like product launches, joint ventures, mergers and acquisitions and the respective effect on the sales, import, export, revenue and CAGR values have been studied completely in the report.
A recreational boat used for tourism, water sports, and pleasure is also referred to as a leisure boat. These boats might be equipped with opulent cabins, lodging options, and other amenities. Among the various types of recreational boats are yachts, outboard motors, cruises, kayaks, canoes, and other watercraft. Tourism spending has increased significantly around the world as a result of rising disposable income.
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Impact Factors of Leisure Boat Market:
• Owing to the increase in the disposable income,
• Rising trend of leisure boats
• Government spending on promoting marine tourism are driving the growth of leisure boat market.
Recent Developments of Leisure Boat Market:
• Hynion AS, a provider of hydrogen fuel, and Hyrex AS, a provider of hydrogen technology, both with Norwegian headquarters, formed a joint venture in February 2022. The launch of a floating hydrogen station to refuel recreational boats has been announced.
• In January 2022, Siren Marine, a provider of IoT solutions for marine applications, was purchased by Yamaha Marine Systems Company, a division of Yamaha Motor Corporation.
• Arc Boat Company, a startup operating in stealth mode, raised $30 Mn in Series A funding in November 2021. The business intends to support the transition to electric vehicles and plans to release its limited-edition, 24-foot battery-powered boat, “Arc One,” later in 2022 for US$300,000.
Segmentations Covered in the Report:
Detailed segmentation by area (country), business, type, and application are included in the Leisure Boat market research analysis. The research offers comprehensive details on new products, regional investments, and market investments. The Leisure Boat market research report also monitors emerging technologies and trends. The most recent market dynamics, including motivating and inhibiting factors, as well as business news like mergers and acquisitions and investments, are also included in the study. This analysis of current market trends from 2023 to 2032 is provided for each of the sub-segments.
Market Segmentation:
By New Leisure Boat (Motorized, Non-Motorized),
By Equipment (Monitoring Equipment, IoT Sensors, Telematics Solutions)
The Key Players in this Market are: Avon Marine; Azimut Benetti S.p.A.; Baja Marine; Bavaria Yachtbau GmbH; Bombardier Recreational Products (BRP) Inc.; Brunswick Corporation; Farr Yacht Design, Ltd.; and Groupe Beneteau.
Regional Overview:
North America (The US, Canada, and Mexico)
Asia-Pacific (Japan, China, India, South Korea, Indonesia, Australia, Rest of Asia Pacific)
Europe (Germany, UK, Italy, Russia, Spain, The Netherlands France, Rest of Europe)
South America (Brazil, Argentina, Columbia, Rest of South America)
Middle East & Africa (United Arab Emirates, Saudi Arabia, South Africa, Rest of Middle East & Africa)
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Reasons for Buying Leisure Boat Market Report:
– This report gives a forward-looking prospect of various factors driving or restraining market growth.
– It renders an in-depth analysis for changing competitive dynamics.
– It presents a detailed analysis of changing competition dynamics and puts you ahead of competitors.
– It gives a ten-year forecast evaluated on the basis of how the market is predicted to grow.
– It assists in making informed business decisions by performing a pin-point analysis of market segments and by having complete insights of the Leisure Boat Market.
– This report helps the readers understand key product segments and their future.
– From 2015 to 2023, All Recent Developments have been covered in this Report.
The Research study can answer the following Key questions:
- What will be the progress rate of the Leisure Boat Market for the conjecture period, 2032?
- What are the prominent factors driving the Leisure Boat Market across different regions?
- Who are the major vendors dominating the Leisure Boat industry and what are their winning strategies?
- What will be the market scope for the estimated period?
- What are the major trends shaping the expansion of the industry in the coming years?
- What are the challenges faced by the Leisure Boat Market?
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