Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Leisure Boat Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Leisure Boat Market Growth?
The global leisure boat market has been experiencing a consistent growth in its market size. It is predicted to increase from a size of $44.72 billion in 2024 to $46.45 billion in 2025, with a compound annual growth rate (CAGR) of 3.9%.
What Is the Predicted Industry Size and CAGR of the Leisure Boat Market in 2029?
The Leisure Boat Global Market Report 2025 projects that by 2029, the market size will increase to $58.17 billion, growing at a compound annual growth rate (CAGR) of 5.8%.
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Which Factors Are Driving Growth in the Leisure Boat Market?
The key drivers in the leisure boat market are:
• Expansion into emerging markets and diversification of market segment
• Increase in boating events and promotions
• Strong consumer interest in water-based activities and enhanced boating infrastructure
• Advancements in boat technology such as connectivity and eco-friendly designs
Which Segment Trends Are Covered in the Leisure Boat Market Forecast?
The leisure boat market covered in this report is segmented –
1) By Boat Type: Yachts, Sailboats, Personal Watercrafts, Inflatables, Other Types
2) By Power Source: Engine Powered, Sail Powered, Human Powered
3) By Material Type: Aluminum, Fiberglass, Steel, Other Materials
4) By Application: Fishing, Transportation, Sports, Travel And Tourism, Other Applications
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What Are the Current Market Trends in the Leisure Boat Industry?
The key trends in the leisure boat market are:
• Boat connectivity and tech integration is a significant upcoming trend.
• There is a focus on establishing sustainable and eco-friendly boats design.
• Versatility and multifunctional boats are increasingly being favoured.
• The trend of customization and personalization is emerging in the leisure boat market.
Who are the Key Companies in the Leisure Boat Market?
Major players in the leisure boat market are:
• Yamaha Motor Co Ltd.
• Brunswick Corporation
• Groupe Beneteau
• Ferretti S.p.A.
• Viking Yacht Company
• MasterCraft Boat Company
• Malibu Boats LLC
• Princess Yachts International plc
• Marine Products Corporation
• Sunseeker International Limited
• Boston Whaler Inc.
• Westport Yachts
• Hatteras Yachts
• Regal Boats
• Cobalt Boats LLC
• Grady-White Boats Inc.
• Ranger Boats Inc.
• Duffy Electric Boats
• Monterey Boats
• Canadian Electric Boat Company
• Chaparral Boats Inc.
• CRN SpA
• Jeanneau
• Nautor's Swan OYJ
• Andaman Boatyard
• Azimut Benetti Group
• Baja Marine Inc.
• Bavaria Yachtbau GmbH
• Boote Marian GmbH
What are the Regional Trends Across the Leisure Boat Market?
North America was the largest region in the leisure boat market in 2024
