Global Leisure Boat Market Report 2022-2030: Growth Being Driven The Increasing Popularity of Marine and Coastal Tourism – ResearchAndMarkets.com
, 2022-06-24 06:28:00,
DUBLIN–(BUSINESS WIRE)–The “Leisure Boat Market Size, Share & Trends Analysis Report by Type (New Leisure Boat, Used Leisure Boat, Monitoring Equipment), by Region (North America, Europe, Asia Pacific, South America, MEA), and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.
The global leisure boat market size is expected to reach USD 64.08 billion by 2030. It is expected to expand at a CAGR of 4.73% from 2022 to 2030. The increasing popularity of marine and coastal tourism, coupled with the growing inclination toward yachting as a recreational activity, is a primary factor driving the market.
The world economy is witnessing healthy growth and markets, such as the U.S., are witnessing growth in the per-capita income of the individuals, which, in turn, has resulted in a rise in the disposable income of consumers. Moreover, there has been a rise in the number of High-Net-Worth Individuals (HNWIs), which is expected to drive consumers to spend more on leisure activities, thus boosting demand for recreational boats.
The increasing number of boat shows and water sporting events are attracting a large number of boaters worldwide. The leading manufacturers are sponsoring boat shows and events, which, in turn, is enhancing the popularity of leisure boats. North America is poised to remain the most prominent region in terms of revenue generation during the forecast period.
The rising demand for recreational watercraft is driven by factors such as improving economic conditions and the rising disposable income of consumers in the region. The U.S. is anticipated to witness significant growth over the forecast period. Demand in the country is majorly driven by factors such as the increasing number of high-net-worth…
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