The Leisure And Defense Power Boats Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Leisure And Defense Power Boats Market?
The global market for leisure and defense power boats has been seeing robust growth. The market, which was valued at $25.46 billion in 2024 is projected to reach $27.29 billion in 2025, showing a compound annual growth rate (CAGR) of 7.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Leisure And Defense Power Boats Industry?
By 2029, the market size for the global leisure and defense power boats is forecasted to reach $35.69 billion, growing at a compound annual growth rate (CAGR) of 6.9%.
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What are the Key Growth Drivers Fueling the Leisure And Defense Power Boats Market?
The key drivers in the leisure and defense power boats market are:
• Rising disposable income contributing to more spending on leisure activities
• Increased global defense and security investments boosting demand for defense power boats
• Increased demand for electric and hybrid power boats driven by environmental consciousness
• Expansion of the tourism and travel industry and increased recreational boating demand.
Global Market Segmentation: Identifying Major Leisure And Defense Power Boats Industry Segments
The leisure and defense power boats market covered in this report is segmented –
1) By Type: Leisure Power Boats, Defense Power Boats
2) By Propulsion Type: Internal Combustion Engine, Electric, Hybrid
3) By Size And Capacity: Small Boats Up To 25 Feet, Medium Boats 26 To 50 Feet, Large Boats Above 50 Feet, Differentiated By Passenger Or Payload Capacity
4) By Application: Leisure, Fishing, Transportation, Sports, Travel And Tourism, Defense, Military, Police Patrol, Other Applications
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What are the Emerging Trends Shaping the Future of the Leisure And Defense Power Boats Market?
The key trends in the leisure and defense power boats market are:
• Innovative technologies are expected to influence the leisure and defense power boats market significantly.
• Increased emphasis on eco-friendly designs represents a key emerging trend.
• The market is also seeing a growing preference for electric outboard motors.
• Smart connected boats are rapidly gaining traction, shaping the future of this market.
Who Are the Top Competitors & Leading Players in the Leisure And Defense Power Boats Market?
Major players in the leisure and defense power boats market are:
• Yamaha Motor Co. Ltd.
• Brunswick Corporation
• Groupe Beneteau S.A.
• MasterCraft Boat Holdings Inc.
• Marine Products Corporation
• Viking Yacht Company Inc.
• Westport LLC
• Monterey Boats Inc.
• Metal Shark Boats LLC
• Grady-White Boats Inc.
• SAFE Boats International LLC
• Kvichak Marine Industries Inc.
• North River Boats Inc.
• Willard Marine Inc.
• MJM Yachts LLC
• Zodiac Milpro International SAS
• Duffy Electric Boat Company Inc.
• Stabicraft Marine Limited
• Regal Marine Industries Inc.
• Canadian Electric Boat Company Inc.
Regional Dominance: Which Area Leads the Global Leisure And Defense Power Boats Market?
North America was the largest region in the leisure and defense power boats market in 2024
