Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Leisure
Boat Market makes an offering of in-depth analysis of segments and sub-segments
in the regional and international Leisure Boat Market. The research also
emphasizes on the impact of restraints, drivers, and macro indicators on the regional
and global Leisure Boat Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of global Leisure
Boat Market `is offered. In accordance with the report, the global Leisure Boat
Market is projected to expand at a CAGR of 4.3% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Leisure Boat is
a sort of boat that consists of settlement facilities for a variety of purpose
like recreation, vacation, tourisms and many more. The surging disposable
income in the hands of the people and their rising indulgence in recreational
activities, water-based activities like fishing, diving and the flourishing
touristry industry is primarily driving the growth of the leisure boat market.
The shifting pattern of lifestyle like boat-based residence on different lakes,
renting or living by the beaches especially in many developed countries will
have a positive impact on the growth of this market. The growing popularity of
water-based activities among the adults as well as young population is growth
prospect for this market. The growing population is aiding the growth of this
market. The advancement in technology has propelled the growth of the leisure
boat market. The incorporation of smart sensors and IoT in the building process
of these boats has enhanced the safety of the boats and increased its usage.
The affordability of boats owing to the use of modified material is fueling the
growth of the leisure boat market. The growth in the demand of customized boats
without trading off technical application with visual aesthetics is also
fueling this market. Apart from tourism, leisure boats can also be used for
commercial purpose. The indulgence of the corporate sector in client
entertainment and get togethers coupled with their rising disbursement in this
field is empowering the growth of this market. Also, the stimulant provided the
government to promote tourism is powering the growth of this market. For
example, the Government of India has taken incentives to promote tourism of its
different states through advertisement in different television channels as well
as youtube channels has led to the growth of tourists in India.
The skyrocketing
initialism capital Investment is hampering the growth of the leisure boat
market. The rising operational and maintenance cost of these boats is also
disrupting the growth of this market. Finally, the growing environmental
concern and the incentives undertaken to protect it is contrary to water
pollution created by the increasing application of leisure boats. This factor
is also hindering the growth of the leisure boat market.
The leisure boat
industry has tremendous growth potential owing to the amalgamation of a variety
of factors like rising population, robust increase in disposable income,
changing lifestyle and rising tourism. The growth of technological breakthrough
and its application is likely to be good chance for this market. The
integration of hybrid technologies in the leisure boats is a great opportunity
for this market. Apart from these, the promoting schemes undertaken by the
government is a great opportunity to unfurl the Leisure boat market.
Segment Covered:
This market
intelligence report on the global Leisure Boat Market encompasses market
segments based on new leisure boat, used leisure boat, equipment, and country/regions.
By new leisure boat, the global Leisure Boat Market is segregated into,
o
Motorized/power
boats
·
Personal
watercraft
·
Outboard boats
·
Yachts
Ø Yacht Type
·
Superyachts
·
Flybridge yachts
·
Sport yachts
·
Long-range
yachts
·
Others
Ø Yacht
Length
·
Up to 20 ft.
·
20-50 ft
·
Above 50 ft.
·
Other
o
Non-motorized
boats
·
Kayaks
·
Canoes
·
Others
By used leisure boat, the global Leisure Boat
Market is classified into,
o
Motorized/power
boats
·
Personal
watercraft
·
Outboard boats
·
Yachts
Ø Yacht Type
·
Superyachts
·
Flybridge yachts
·
Sport yachts
·
Long-range
yachts
·
Others
Ø Yacht
Length
·
Up to 20 ft.
·
20-50 ft
·
Above 50 ft.
·
Other
o
Non-motorized
boats
·
Kayaks
·
Canoes
·
Others
By equipment, the global Leisure Boat Market
is segmented into,
o
Boat and yacht
monitoring solutions
o
IoT sensors
·
Water detection
sensors
·
Voltage meters
·
Temperature and
motion sensors
·
Others
o
Telematics
solutions
o
Others
By country/region, the global Leisure Boat Market has been divided into,
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Groupe Beneteau
§ Farr Yacht Design Ltd
§ Brunswick Corporation
§ BRP Inc
§ Bavaria Yachtbau GmbH
§ Baja Marine
§ Azimut Benetti S.p.A
§ Avon Marine
§ MASTERCRAFT
§ Johnsons Outdoor Watercraft
§ Yamaha Motor Company Ltd
§ Ferretti S.p.A
Other players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Leisure Boat Market related investment &
spending and developments by major players of the market are tracked in this
global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Leisure Boat Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account
2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Leisure Boat Market
is done by taking into account various parameters
such as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Ferretti S.p.A.,
Yamaha Motor Company Ltd., Johnson Outdoor Watercraft, MASTERCRAFT, Avon
Marine, Baja Marine and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Leisure Boat caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Leisure Boat Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Leisure Boat Market
v
Identification
of key factors driving investment opportunities in the Leisure Boat Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants